Tag: Weekly Wrap

Subprime auto lenders posted mixed second-quarter earnings last week as credit tightened amid ongoing interest rate increases. Credit Acceptance Corp. ...

Captives’ second quarter earnings were mixed as rising interest rates push down origination volume and lenders pull back. GM Financial, ...

Banks continued pulling back on auto in the second quarter, with nearly every bank except Chase Auto posting year-over-year declines ...

Second-quarter earnings kicked off last week to mixed results amid declining auto loan demand, even as sales remain strong. Wells ...

June marked a continued pullback on indirect auto lending in a challenging market, but a strong sales month for electric ...

Shake-ups in the market continued last week as Fifth Third pulled back from indirect auto in western states, EV prices ...

CarMax Auto Finance is the latest auto lender to brace for an increase in delinquencies ahead of second-quarter earnings season ...

Loan terms are shortening, leasing is making a return and market share is trending back toward normal breakdowns as interest ...