HDFS raises provisions 82% YoY as credit performance deteriorates
Harley-Davidson Financial Services increased its provision for credit losses in the first quarter as realized retail credit losses grew. Provision ...
Tag: outstandings
Ally Financial’s floorplan outstandings rise 46% from Q3
Ally Financial’s floorplan outstandings grew in the fourth quarter as the lender gained momentum in a rising rate environment. While ...
US Bank’s auto outstandings increase for sixth consecutive quarter, up 26% YOY
Auto loan production in the fourth quarter pushed up U.S. Bank’s retail loan growth as the lender prepares for more ...
PNC Financial completes BBVA USA digital migration in Q3
PNC Financial’s auto portfolio shrank in the third quarter following a second-quarter spike brought on by the bank’s acquisition of ...
Direct loans and APR prop up Flagship ABS
Flagship Credit Acceptance’s July 23 securitization, which funneled $213 million into the ABS market, saw a rise in the APR ...
Mazda Financial Services to offer new bundled insurance product
Mazda Financial Services will launch a new bundled insurance product Aug. 1, President Pete Carey told Auto Finance News. Customers ...
Wells Fargo Auto ups allowance for loan losses amid COVID-19
Wells Fargo Auto’s second quarter was marked by increases in allowance for credit losses and net charge-offs, and a fall ...
CU auto outstandings top $374B in 3Q
Credit unions closed out the third quarter with a combined $374.2 billion of new- and used-auto loan outstandings, up 3.5% ...
