Pulse of the Industry: Captives command over 50% of new-vehicle financing
Captive finance companies are eating up market share for new-vehicle financing as a result of aggressive 0% APR financing incentive ...
Tag: covid19
Q2 powersports sales strong despite low inventory
The coronavirus pandemic spurred powersports sales in the second quarter, but inventory woes continue to plague the industry. Many powersport vehicle dealers saw ...
Coronavirus and the global auto market: Fragile recovery begins [Feature]
The coronavirus spurred one of the worst periods for vehicle sales in markets across the globe. When the COVID-19 virus ...
Mid-July used values pacing for second-straight record month
Wholesale used-vehicle values have continued to outpace past reporting periods, evidenced by a spike to 155.9 in Manheim’s mid-July used-vehicle ...
Subprime Rising: How lenders are trying to dig out from the pandemic recession [Feature]
In late February, the financial department at Westlake Financial Services noticed something interesting: A few key words kept resurfacing during ...
Truist Bank ups credit loss provisions, boosts powersports loans
Truist Bank continues to accrue for potential loan losses as the country faces the coronavirus economic crisis. Truist’s provision for credit losses totaled $844 million “given ...
US Bank’s credit loss reserve climbs amid pandemic
U.S. Bank’s second quarter was marked by a 74% increase from last quarter in credit loss provisions, a decrease in auto lending, and low delinquency ...
Bank of America reports charge-off decline, credit loss increases
Bank of America increased its allowance for credit losses in line with an emerging trend set by Chase Auto and ...
