Earnings
Debate Over a Subprime Auto ‘Bubble’ Blows Up
Is the subprime auto lending market in a credit bubble that is going to burst? This is a question that...
Where’s the Significant Erosion in Underwriting Standards?
Today's uneven auto finance credit performance is wholly acceptable, as long as the underlying underwriting is not being eroded, as...
There’s No ‘Ticking Time Bomb’ in Auto Finance
Some have suggested recently that auto finance underwriting is going so sideways that the sector is standing at the very...
PNC Sees ‘Disciplined Growth’
Jeffrey Turley, president of dealer finance at PNC Financial Services Group Inc., is “pleased” with the unit’s second-quarter performance, he told...
Nicholas Financial: Receivables Up; Earnings Down
It was an up and down day for Nicholas Financial. The Florida-based auto lender reported 3% growth in its loan...
CAC to Face Loan Competition
Credit Acceptance Corp. had $2.3 billion of loans outstanding at midyear, according to an earnings report filed July 30. In...
Russi: Ally on Pace for Continued Momentum
Ally Financial Inc. just finished its second-strongest quarter of originations in the bank’s history. Ally reported $10.9 billion in originations in the...
SCUSA Originations Up 65% Over Last Year
SCUSA grew its Q2 loan portfolio by about $1 billion dollars. Santander Consumer USA Holdings Inc. (SHUSA), the parent company...
