New subprime loan volume falls to 8-year low
New vehicle financing in the second quarter has fallen to an eight-year low for the subprime credit tier, said Melinda ...
Tag: originations
Industry Pulse: Q2 finance trends
In this episode of the Industry Pulse, Melinda Zabritski, senior director of automotive financial solutions at Experian, discusses second-quarter finance ...
Tricolor logs origination growth amid pandemic
Tricolor Auto Acceptance has experienced a 25% year-over-year increase in its origination volume despite the COVID-19 economic crisis, Chief Executive ...
Nicholas Financial builds direct loan portfolio
Direct loan originations for Nicholas Financial increased 18% year over year to $2.4 million in principal balances in the first ...
Carvana maintains tighter underwriting
Carvana is “continuing to maintain significantly tighter” underwriting standards than before the pandemic, Chief Executive Ernie Garcia III said during ...
CPS clocks improved credit performance as originations dip
Consumer Portfolio Services has seen an improvement in credit performance in the second quarter, largely due to unemployment benefits and ...
Ally Financial net charge-offs expected to double by year end
Ally Financial forecasts its retail auto net charge-offs (NCO) to be between 1.8% and 2.1% of its portfolio by the ...
Chase Auto originations trough and peak in Q2
Chase Auto’s originations plummeted early in the second quarter to levels not seen since the Great Recession before rallying to ...
