Captives gain new-vehicle finance share
Captive finance companies regained new-vehicle financing market share in the second quarter amid an uptick in incentives. Captives accounted for ...
Tag: delinquencies
Driveway Finance originations dip amid profitability focus
Driveway Finance Corp.’s originations declined sequentially in the second quarter as Lithia Motors prioritized profitability and steady growth of its ...
GM Financial originations up 1%, loan share shrinks
GM Financial’s origination volume was flat in the second quarter as the captive’s loan share declined, even as retail sales ...
Capital One leans back into auto
Capital One’s auto originations rose on a sequential basis in the second quarter following four consecutive quarters of intentional pullback ...
Auto ABS nonprime losses rise 197 bps YoY
Credit performance across securitized prime and nonprime auto loan pools weakened further in June in line with seasonality. The rate ...
Ally Financial originations down 22% YoY amid tight credit requirements
Ally Financial’s auto originations declined 22% year over year as the bank prioritized higher-quality credit, while electrified vehicle financing volume ...
Bank of America prepares first auto ABS deal in 11 years
Bank of America is gearing up to come to market with its first auto asset-backed securitization deal in over a decade ...
Chase Auto originations up 71% YoY
Chase Auto’s origination volume jumped in the second quarter, even as other banks stepped back from auto finance. Auto ...
