Truist Bank’s auto portfolio shrinks in Q1 2022
Truist Bank’s indirect auto portfolio fell both year over year and sequentially in the first quarter as inventory constraints in...
Listen: Weekly Wrap on the start of Q1 2022 earnings
Auto finance institutions including Ally Financial, CarMax Auto Finance, Chase Auto, PNC Financial, U.S. Bank and Wells Fargo Auto kicked...
Lenders talk tech: Managing data in a new era of auto finance
As the automotive industry continues to shift toward digitization, lenders have more data at their fingertips than ever, and managing...
PNC Financial’s auto portfolio jumps 18% YoY in Q1
PNC Financial posted auto portfolio growth, net charge-off improvement and declines in auto delinquencies in the first quarter of 2022...
US Bank posts low net charge-offs and delinquencies in Q1 2022
U.S. Bank’s auto outstandings grew year over year but inched down slightly sequentially as supply constraints continued to impact vehicle...
Birgit Boehm named CEO of BMW Financial Services
BMW Financial Services has named Birgit Boehm its new chief executive, marking the financial institution's second CEO in less than...
National Auto Care finalizes Frost Financial Services acquisition
National Auto Care Corp. (NAC) announced last week that it has acquired guaranteed asset protection (GAP) insurance administrator Frost Financial...
Listen: Weekly Wrap on used-vehicle values as demand holds strong
Last week, Honda Motor Co. added 10-year-old vehicles to its certified pre-owned vehicle platform in an effort to expand its...
