Tag: credit losses

Net losses remained steady on a sequential and annual basis across securitized prime auto loans in June, though nonprime losses ...

Net charge-offs in Bank of America’s consumer vehicle lending portfolio in the second quarter rose year over year, while the bank’s overall digitally enabled sales increased.  Net charge-offs ...

Net losses improved on a sequential basis across securitized prime and nonprime auto loans in May but grew year over ...

Pagaya Technologies’ auto volume climbed to a record high in the first quarter as it further diversified its funding levers and expanded auto credit parameters.  The fintech’s ...

Auto lenders are facing higher losses tied to lease terminations, especially as electric vehicles come off lease with lower-than-expected residual values.  Ally Financial accelerated its lease ...

Performance across securitized auto loans is expected to weaken further in 2026 as borrowers continue to face higher costs.   Nonprime ...

Early-stage delinquencies rose across prime and nonprime securitized auto loans in October, while net losses improved, and auto asset-backed securitization ...

Credit performance across securitized auto loans worsened year over year in May but improved month over month, with the impact ...