Auto production shrinks, credit worsens in Q3
Rising interest rates, inflationary pressures and supply chain challenges contributed to dampened auto loan production in the third quarter as ...
Tag: delinquencies
Citizens continues auto retreat in Q3
Citizens One Auto Finance’s portfolio shrank 5.1% sequentially in the third quarter as the bank continued a planned pullback on ...
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. ...
Wells Fargo Auto originations plummet 41%
Wells Fargo Auto’s originations declined year over year in the third quarter as a result of increased pricing competition, while ...
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 ...
CFPB: Subprime consumers ‘priced out of the market’
Subprime automotive consumers are struggling with vehicle affordability as high prices and rising interest rates drive up loan amounts and ...
August marks third month of rising ABS delinquencies
August marked the third consecutive month of weakening credit performance across prime and subprime auto asset-backed securitization (ABS) transactions as ...
Prime auto ABS losses hold steady
Losses across prime auto asset-backed securitization (ABS) transactions held steady in June and July, even as delinquencies moved closer to ...
