Changing market, rates prompt banks to exit auto lending
Relationship priorities, rising interest rates and changing indirect lending dynamics have contributed to several banks’ recent exits from indirect auto ...
Relationship priorities, rising interest rates and changing indirect lending dynamics have contributed to several banks’ recent exits from indirect auto ...
Citizens Financial Group is the latest bank to exit indirect auto lending following four quarters of pullback as the industry ...
Carvana held onto a higher volume of finance receivables on its balance sheet in the first quarter to maximize yield ...
Compressed margins, increased pricing competition and a shift toward more profitable lines of business in the first quarter drove attrition ...
Subprime auto lender Credit Acceptance Corp.’s loan portfolio grew in the first quarter as collection rates stabilized. Credit Acceptance Corp. ...
Capital One auto originations plummeted on a year-over-year basis as the lender continues its yearlong pull back on auto lending, ...
Higher retail sales along with an increase in average loan amounts financed and a stronger share of U.S. loan financing ...
Huntington’s auto book shrank during the first quarter despite an uptick in originations as the bank prioritizes higher returns. Huntington ...