Earnings
AutoNation Finance originations surpass $1B
AutoNation Finance surpassed $1 billion in auto originations in 2024 as the captive lender continues its rapid growth. The $1.1...
Upstart auto originations soar 224%
AI-driven lending platform Upstart’s auto originations soared 224% year over year in the fourth quarter amid improved liquidity and revamped...
Lithia Motors’ captive sees originations up 16.8% YoY
Driveway Finance Corp., Lithia Motors’ finance arm, grew originations 16.8% year over year in the fourth quarter. Driveway Finance Corp.’s...
Asbury Auto, Group 1 F&I revenue see double-digit YoY jump
Asbury Automotive and Group 1 Automotive saw double-digit year-over-year gains in finance and insurance profits in tandem with higher fourth-quarter...
Ford Credit lease portfolio up 6.5%
Ford Credit’s lease volume rose in the fourth quarter as lease return rates picked up, while credit losses rose. The...
HDFS originations down 16%, credit losses rise
Harley-Davidson Financial Services increased its provision and allowance for credit losses in the fourth quarter as originations and sales slowed. ...
CACC originations rise 0.3%
Credit Acceptance Corp.’s originations and number of active dealers rose in the fourth quarter as the subprime lender’s used-vehicle market...
Tesla Finance’s lease penetration hits 5.4%
Tesla Finance’s lease penetration ticked up in the fourth quarter while full-year sales dropped year over year for the first...
