Tag: auto outstandings

PNC Financial is the latest bank to report a shrinking auto book in the third quarter as interest rates rise. ...

Truist auto outstandings rise 5% on prime business

byRiley Wolfbauer

Truist expanded its auto portfolio in the third quarter by growing its prime auto lending business for the second straight ...

A Chase bank branch in New York, U.S., on Thursday, Jan. 13, 2022. JPMorgan Chase & Co. posted a decline in trading revenue that was steeper than analysts expected, and both commercial and consumer loans fell from a year earlier.

Chase Auto originations fall 35% YoY

Chase Auto originations fell 34.8% year over year in the third quarter amid tight vehicle supply and rising rates. Originations ...

cars lined up in parking lot aerial view

Upstart originates first $10M in retail loans

byRiley Wolfbauer

August 9, 2022

Artificial intelligence (AI)-based lending marketplace Upstart’s financing partners in the second quarter originated the platform’s first $10 million in auto ...

Used-vehicle values fall in March as tax season slow to kick off

Listen: Weekly Wrap discussion on credit availability, used vehicles

byJoey Pizzolato

August 8, 2022

Last week the auto finance industry entered the tail end of second-quarter earnings season as used-vehicle values depreciated for the ...

Auto credit demand weakens in Q2, Fed reports

Banks’ credit standards on auto loans held steady in the second quarter amid weakening demand for auto financing as they ...

New-vehicle SAAR projections for 2022 revised to 14.4M units

Nicholas Financial direct originations rise 10%

August 1, 2022