Big Wheels Auto Finance | Auto Finance News | Page 2 | Auto Finance News - Part 2

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 […]

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 […]

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 […]

BB&T Keeps Focus on ‘Profitable’ Prime Loans as Volume Dips, CEO Says

BB&T Corp.’s goal for the third quarter is to accelerate slowing loan growth and continue to focus on prime auto loans “at a level which improves profitability and returns,” Chairman and Chief Executive Kelly King said on Tuesday at Barclays Global Financial Services Conference. BB&T’s auto loan volumes — especially among prime borrowers — continue […]

Fed Numbers Place Ally as No. 1 Lender Amid Wells Fargo’s Pullback

For three and half years Wells Fargo Dealer Services has been the No. 1 provider of retail loans, but now that title belongs to Ally Financial Inc., according to data from the Federal Reserve. Wells Fargo held about $58 billion of outstanding retail auto loans at the end of June, compared with $59.8 billion at […]
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