Earnings
Forecast for Auto Finance’s Future
In today's rising rate environment, and despite surging car sales, the industry's future remains shaky. Compliance and competition -- call...
Did Ally’s CEO Deserve Nearly $10 Million in 2013?
Much has been made about the $0 salary of Ally Financial Inc. CEO Michael Carpenter over the last few years....
Carfinco’s U.S. Ops Could Represent 10% of Earnings in 2014
Carfinco’s move into the United States ― 118 days before yearend ― contributed $700,000 to earnings last year. At that...
Is Market Saturation Driving Down Rates?
Time magazine weighed in on the auto finance industry this weekend with a piece looking at the low rates currently being offered to...
Chase Cuts Dealerships
Chase Auto Finance has stopped accepting loan applications from 1,800 dealers ― about 11% of its dealer base ― according...
Ally Expects at Least $90 Million of Profit for 4Q13
Ally Financial Inc. expects to report net income in the $90-million-to-$110-million range when it releases fourth-quarter 2013 earnings on Feb....
GM Financial Reports Origination Growth, ‘Phenomenal’ Credit Performance in 2Q
General Motors Financial released 2Q12 earnings this afternoon, reporting a net income of $136 million, up from $96 million in...
Bank of America Indirect Credit Performance Deteriorates
Bank of America Corp. showed marked deterioration in its auto finance portfolio last quarter, as the Charlotte, N.C., increased its...
