Rising rates contribute to PNC auto loan dip
PNC Financial is the latest bank to report a shrinking auto book in the third quarter as interest rates rise. ...
Tag: auto outstandings
Truist auto outstandings rise 5% on prime business
Truist expanded its auto portfolio in the third quarter by growing its prime auto lending business for the second straight ...
Chase Auto originations fall 35% YoY
Chase Auto originations fell 34.8% year over year in the third quarter amid tight vehicle supply and rising rates. Originations ...
Upstart originates first $10M in retail loans
Artificial intelligence (AI)-based lending marketplace Upstart’s financing partners in the second quarter originated the platform’s first $10 million in auto ...
Listen: Weekly Wrap discussion on credit availability, used vehicles
Last week the auto finance industry entered the tail end of second-quarter earnings season as used-vehicle values depreciated for the ...
Auto credit demand weakens in Q2, Fed reports
Banks’ credit standards on auto loans held steady in the second quarter amid weakening demand for auto financing as they ...
Nicholas Financial direct originations rise 10%
Nicholas Financial’s indirect and direct originations climbed year over year in the first quarter as the lender focuses on underwriting ...
GM Financial originations grow 11% QoQ
GM Financial’s originations ticked up sequentially despite an industrywide slowdown in sales as new-vehicle inventory remains constrained and interest rates ...
