Affordability challenges drive losses higher on securitized nonprime loans
The auto asset-backed securitization market is showing signs of resilience, but investors and issuers continue to navigate bifurcation between prime ...
Tag: delinquencies
Key factor for auto lenders’ decisions: the dealer (Off the Lot)
The dealer is a key component that can impact lenders’ portfolio performance, notwithstanding the customer’s specific credit profile. This Off the Lot column will build on the ...
Ford Credit finance, lease penetration rise
Ford Credit’s U.S. finance penetration and lease share of retail sales increased in the first quarter, while delinquencies and losses climbed in line with seasonal ...
GM Financial originations fall 15.8%
GM Financial’s originations declined in the first quarter as finance penetration dipped, while earnings before taxes were stable. Originations ...
Huntington Bank’s auto originations fall 15%
Huntington Bank’s auto originations ticked down in the first quarter as credit performance weakened in line with industry trends. Auto ...
Capital One auto originations climb 20.9%
Capital One’s auto originations rose in the first quarter while credit performance was largely stable, but provisions for losses increased. Auto originations totaled $11.1 ...
Ally Financial originations jump 12.8%
Ally Financial’s auto originations rose in the first quarter in tandem with a jump in application volume and improved credit performance. Auto ...
Wells Fargo Auto originations soar 111% YoY
Wells Fargo Auto’s originations jumped 110.9% year over year in the first quarter as the bank continued to reap benefits ...
