Earnings
Podcast: Q3 earnings season begins, Octane enters marine
Chase Auto and Wells Fargo kicked off the Q3 earnings season last week, with both lenders reporting flat or lower...
Wells Fargo enters co-branded agreement with Volkswagen Financial Services in Q3
Wells Fargo and Volkswagen Financial Services entered a multiyear, co-branded agreement in the third quarter. “In the first half...
Chase originations fall 2% year over year
Chase Auto’s origination volume fell year over year in the third quarter while delinquencies inched up. Originations dipped to $10...
CarMax Auto Finance provision for credit losses up 25%
CarMax Auto Finance increased its provision for credit losses due to an uptick in expected losses, while originations ticked down...
Thor incentives rise as yearend sales decline
RV retailer Thor Industries increased promotional offers year over year in the fourth quarter of its fiscal 2024 as inflationary...
BRP North American retail sales down 18% year over year
North American retail sales for Canadian powersports manufacturer Bombardier Recreational Products fell year over year in its second fiscal quarter...
America’s Car-Mart’s originations fall 9% year over year amid credit tightening
Originations through buy here, pay here car dealer America’s Car-Mart's new loan origination system represented 40% of the outstanding portfolio...
Podcast: ‘Weekly Wrap’ on originations, AI-driven lending
Tech-focused companies are looking for new ways to enter the auto space amid economic headwinds and fluctuating origination performances in...
