CPS originations drop 31%
Consumer Portfolio Services tallied a decline in origination volume in the third quarter as the lender held firm on tightened ...
Tag: delinquencies
Balancing Act: The key factors shaping auto finance in 2024
The auto finance industry is teetering on the fulcrum of the U.S. economy. On one hand, auto outstandings have never ...
FICO migration prompts subprime response
Subprime auto lenders have updated their credit scoring models following the inflation of FICO scores spurred by the pandemic. Government ...
Consumer Portfolio Services acceptance rate falls to 51%
Subprime lender Consumer Portfolio Services’ acceptance rate has fallen by 21 percentage points so far this year when compared with ...
Ford Credit’s portfolio grows, profits fall
Ford Credit’s consumer financing volume increased year over year in the third quarter while higher credit losses and lower financing ...
Capital One auto originations drop 10% YoY
Origination volume at Capital One Auto Finance dipped in the third quarter as margins started to normalize and late movers ...
GM Financial lease originations rise 23% YoY
GM Financial’s lease originations grew year over year in the third quarter as retail sales improved. Lease originations totaled $4.3 ...
Huntington originations flat YoY
Huntington Auto Finance’s originations were flat year over year in the third quarter while net interest margins rose and the ...
