Big Wheels Auto Finance Query Posted Online

Financiers may now electronically submit 2018 results for inclusion in Big Wheels Auto Finance Data: A Ranking of the Nation’s Top Car Financiers. Big Wheels produces the definitive tabulation of automotive lending and leasing activity in the nation. It offers a unique opportunity to include your company’s performance among a ranking of the best of the best in […]

• Marcie Belles
• February 14, 2019
• Capital Markets, Earnings, Operations

Navy Federal Credit Union ‘Bullish’ on 2019 Despite Expected Origination Slowdown

Navy Federal Credit Union is “bullish on 2019,” as it plans to build membership, invest in infrastructure, and boost originations, Vice President of Consumer Lending Joe Pendergast told Auto Finance News. NFCU is on track to originate $8.2 billion of auto loans by yearend, Pendergast said, up 14% year over year. But growth in 2019 […]

• Bianca Chan
• December 17, 2018
• Operations, Strategy

Credit Unions Jockey for Marketshare

As used-car financing gains popularity and banks shy away from new-car loans, credit unions are jockeying for marketshare, partnering with service providers and teaming with other lenders to spark auto loan interest. “[Banks are] making a lot of moves that are making it easy for us,” Chris Whittaker, director of lending services at Oregon Community […]

• Auto Finance News
• June 15, 2018
• Archives, Credit Performance, Features, Operations, Strategy

Westlake Plans Expansion Into Canada, Puts Used-Leasing on Backburner

Westlake Financial Services is “aggressively looking to grow” its business into Ontario, Canada, in the third or fourth quarter, Group President Ian Anderson told Auto Finance News. Westlake will begin by making itself available to dealers through Dealertrack, as well as by sending physical representatives to dealerships to introduce the lender to the market. “We […]

• Emma Sandler
• May 17, 2018
• Archives, Operations, Strategy

Auto Volume Slows as Lenders Pull Back, New Big Wheels Report Shows

Although loan volume has increased at a 40% pace since 2013 for the nation’s 10 largest lenders, the rate of growth is slowing as some lenders pull back, according to the newly released Big Wheels Auto Finance Data 2018. Big Wheels is produced by Auto Finance News and ranks the top 100 auto financiers by […]

• William Hoffman
• May 16, 2018
• Archives, Credit Performance

Auto Outstandings Hit Record $1.1 Trillion, Despite Slowing Growth, Data Shows

The auto finance market continued its slowdown in 2017, new data released today shows. Yet, despite slipping originations, auto loan and lease outstandings topped $1.1 trillion in 2017 – a record high – according to the annual Big Wheels Auto Finance ranking of car lenders and lessors released today. Big Wheels Auto Finance has been […]

• Matthew Wood
• May 9, 2018
• Archives, Features

Big Wheels Auto Finance Query Posted Online

Financiers may now electronically submit 2017 results for inclusion in Big Wheels Auto Finance Data: A Ranking of the Nation’s Top Car Financiers. Big Wheels produces the definitive tabulation of automotive lending and leasing activity in the nation. It offers a unique opportunity to include your company’s performance among a ranking of the best of the best in […]

• Emma Sandler
• February 15, 2018
• All Posts, Capital Markets, Operations

Bank of the West to Expand Into Near-Prime, Add Preferred Lender Program

Bank of the West has started the process of expanding its credit band to include nearprime loans, Michael Pereira, the bank’s head of personal finance and executive vice president, told Auto Finance News. The transition begins with a new preferred lender U.S. program (PLUS) launching in California. “We would really look at a full-spectrum approach […]

• Natalie Mattila
• January 10, 2018
• Capital Markets, Strategy