Tag: earnings

PNC Financial is the latest bank to report a shrinking auto book in the third quarter as interest rates rise.  ...

Truist expanded its auto portfolio in the third quarter by growing its prime auto lending business for the second straight ...

US Bank’s auto outstandings decreased 2.5% sequentially in the third quarter in line with expectations going into 2022.  Outstandings clocked ...

Bank of America’s auto portfolio grew year over year in the third quarter despite a dip in originations amid deteriorating ...

Third-quarter earnings season kicked off last week, painting yet again another dismal outlook for the auto finance industry.   Chase Auto ...

Wells Fargo Auto’s originations declined year over year in the third quarter as a result of increased pricing competition, while ...

Chase Auto originations fell 34.8% year over year in the third quarter amid tight vehicle supply and rising rates.  Originations ...

CarMax Auto Finance (CAF)’s originations fell 4.2% sequentially in the second quarter of fiscal year 2023 as used-vehicle sales slowed ...