Tag: Coronavirus

PNC Financial Services is ratcheting up its allowance for credit losses amid the industrywide trend of dwindling delinquency rates in ...

Auto repossessions are expected to surge above pre-pandemic levels as lender deferral programs begin to peter out in the coming ...

Wells Fargo Auto’s second quarter was marked by increases in allowance for credit losses and net charge-offs, and a fall ...

When the coronavirus pandemic first took hold in the U.S., auto lenders began offering programs to offset consumer hardship. Although ...

Three months into the spread of the global coronavirus pandemic, the auto industry has seen record changes across the board: ...

Enhanced online lending is a natural outgrowth of the COVID-19 pandemic. In the past few months, online lenders have stepped up operations and expanded their digital ...

BMW Group and Daimler AG have their sights set on the sustainability of the electric vehicle market, despite vehicle sales ...

Used-vehicle values have climbed to a record high in June from a historic plunge in April, according to Manheim’s monthly used-vehicle value index, which rose ...