Tight financing spreads push down John Deere Capital income
Less favorable financing spreads pushed down John Deere Capital Corp.’s net income in the first quarter of fiscal 2023, prompting the ...
Tag: earnings
Axis portfolio reaches record high
Canadian subprime lender Axis Auto Finance’s portfolio reached a record in the second quarter of fiscal year 2023 despite a ...
Upstart bank partner originations fall 62%
AI-based lending marketplace Upstart lending partners’ originations fell year over year and auto-secured refinance loans remained unchanged on a sequential basis ...
Banks continue auto lending cut back in Q4
Rising interest rates and competitive pricing have caused auto lenders to cut back on originations as the majority of banks ...
Listen: Weekly Wrap on Ford Credit, CAC earnings
Fourth-quarter earnings continue to point to mixed results marked by industry headwinds and an increase in digital investment. Ford ...
Ferrari raises earnings outlook on robust luxury-car demand
Ferrari NV raised its outlook on strong demand for high-margin models like its new €390,000 ($428,000) Purosangue crossover. The Italian ...
CAC consumer loan assignment volume increases 26%
Subprime auto lender Credit Acceptance Corp. grew both the number and value of its consumer loan assignments in Q4 2022 ...
Cat Financial revenues jump despite drop in new business volume
Cat Financial, the finance subsidiary of equipment manufacturer Caterpillar, posted increased revenues despite declining new business volume thanks to favorable ...
