Earnings
Upstart adds Stellantis, decreases funding time
AI-driven lending platform Upstart’s auto loan originations jumped 46% quarter over quarter in the third quarter as the company began...
Open Lending certification volume down 8.4% year over year
Automation fintech Open Lending’s certification volume declined in the third quarter. Total certified loans, or “certs,” landed at 27,435, down...
Podcast: Lenders’ Q3 originations climb
More auto lenders announced year-over-year origination growth last week in their third-quarter earnings reports. Carvana posted a 35.5% YoY increase...
Retailers’ margins hurt by Stellantis’ supply challenges
Auto retailers reported weaker margins for sales of Stellantis brands in the third quarter as supply challenges persisted. Asbury Automotive's...
Brunswick boat sales sink 19% year over year
Marine manufacturer Brunswick saw its boat sales fall year over year in the third quarter as dealer ordering remained cautious. ...
Credit Acceptance Corp. originations climb 17.7%
Subprime financier Credit Acceptance Corp.’s origination volume posted double-digit growth year over year in the third quarter. Credit Acceptance Corp....
Carvana originations up 35.5% YoY
Carvana’s originations jumped 35.5% year over year in the third quarter as sales increased. “We had record performance in virtually...
Stellantis cites progress on US inventories as revenue drops
Stellantis NV’s third-quarter revenues slumped 27% as the automaker shipped fewer cars from factories in most of its major markets....
