Axis Auto Finance posts record originations in Canada

• Vaidik Trivedi
• June 2, 2020
• Earnings, Sales & Marketing

Axis Auto Finance posted a record increase in loan originations, according to the company’s fiscal...

How subprime lenders face the coronavirus economy

• Marcie Belles
• May 28, 2020
• Capital Markets, Credit Performance, Features, Risk Management

What a difference a few months make. Last year, subprime lenders outpaced banks, captives and...

Carvana tightens credit as wholesale profits drop 60%

• Nicole Casperson and Joey Pizzolato
• May 11, 2020
• Earnings, Sales & Marketing

Carvana has pumped the brakes on its stand-alone consumer vehicle purchase program and tightened credit...

Big Wheels: Outstandings hit record $1.2T despite slowdown

• Nicole Casperson
• May 7, 2020
• Big Wheels Data, Sales & Marketing

The auto finance market eked out 4.6% in growth in 2019, as loan and lease...

Daimler Mobility adds $487M for future losses in Q1

• Nicole Casperson and Joey Pizzolato
• April 29, 2020
• Earnings, Risk Management, Sales & Marketing

Daimler Mobility has increased its provisions for credit risk by $487.3 million during the first...

Harley-Davidson restructures to preserve cash

• Nicole Casperson and Joey Pizzolato
• April 28, 2020
• Capital Markets, Earnings, Powersports, Risk Management

COVID-19 has “dramatically changed” Harley-Davidson’s business and strategic plan, said Jochen Zeitz, acting president and...

Santander ramps up reserves by $2.5B

• Nicole Casperson and Joey Pizzolato
• April 28, 2020
• Capital Markets, Earnings, Risk Management

Santander Consumer USA has increased its allowance for credit losses by $2.5 billion due to...

Cost of funds rise for HCA as access to capital shrinks

• Nicole Casperson and Joey Pizzolato
• April 27, 2020
• Capital Markets, Risk Management, Sales & Marketing

Hyundai Capital America’s lack of diverse funding sources could limit the captive’s financial flexibility as...