Small OEMs Unlikely to Follow FCA’s Lead to Form Captive, Chase Exec Says

It would be “surprising” if smaller OEMs looked to form captive finance arms in the wake of Fiat Chrysler Automobile’s announcement to do so last month, said Jagdeep Dayal, senior vice president and business head of captive finance auto lending at JPMorgan Chase & Co. FCA has managed to grow to the scale where it […]
  • William Hoffman
  • June 18, 2018
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Chase Renews Jaguar Land Rover Partnership Amid Retail Growth

Jaguar Land Rover North America will retain Chase Auto Finance as its private label lending partner, extending the decade-long relationship, the companies announced today. Chase will continue to provide customized retail, lease, and commercial finance offerings as well as strategic support to more than 330 retailers in the U.S. through Jaguar Financial Group and Land […]
  • William Hoffman
  • May 1, 2018
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Chase Auto Drives Revenue With Higher Lease Volume in 1Q Earnings

Chase Auto Finance drove revenue higher for the company by growing its lease book, reflecting the company’s optimism in the strength of consumer lending, Chief Financial Officer Marianne Lake said on the earnings call. Chase reported higher revenue that was in part driven by an increase in auto lease volume, the company reported. The bank’s lease […]
  • Emma Sandler
  • April 13, 2018
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Captive Finance Overtakes Banks in 2017 Loan Originations

Captive finance companies saw an increase in auto loan originations in 2017 compared to last year, beating out most banks, according to a new report from CU Direct and AutoCount. Toyota Financial Services reached to No. 2 in 2017, up from No. 6 in 2016, as its originations grew 41% to 1.1 million. American Honda […]
  • Emma Sandler
  • March 29, 2018
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Amid Focus on Prime Credit, Santander’s Losses Climb in 4Q

Despite an increased focus on higher credit borrowers and leasing, Santander Consumer USA’s delinquencies and charge-offs continue to rise. The subprime lender grew lease originations from its flow agreement with Chrysler Capital by 34% in the fourth quarter compared with the same period the year prior, the company reported in earnings today. Additionally, retail finance […]
  • William Hoffman
  • January 31, 2018
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Chase Auto Reports ‘Stable’ Volume Growth as Losses Dip in 4Q

While other banks have been pulling back in auto, JPMorgan Chase & Co. has held firm and experienced growth in outstandings and originations, while delinquencies and charge-offs decreased. Chase Auto Finance grew originations 2.4% to $8.2 billion in the fourth quarter as compared the same time a year prior, according to the bank’s earnings report. The bank’s […]
  • Matthew Wood
  • January 16, 2018
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