Mixed NCO rates, decreased credit loss provisions mark banks’ Q4 earnings
Fourth-quarter earnings results at the auto finance industry’s publicly traded banks are in, painting a picture of continued industry strength ...
Tag: delinquencies
PNC Financial’s auto book shrinks in Q4, remains higher than Q4 2020
PNC Financial’s auto portfolio inched down in the third and fourth quarters after its June 2021 acquisition of BBVA USA, ...
Consumers continue to prioritize auto payments, JPMorgan analysts say
Captive auto lenders continue to experience strong credit performance and above-average loan and lease payment trends as consumers prioritize vehicle ...
Listen: Weekly Wrap discussion on conflicting economic trends
Last week, a slew of new monthly macroeconomic mile-markers released, painting a murky picture of the economy’s recovery as new ...
Delinquencies expected to normalize in the next 18 to 20 months
Delinquency rates are expected to start normalizing in the next 18 to 20 months as high vehicle values and record-low ...
GM Financial lease originations down 31% YoY in Q3
GM Financial’s lease originations fell in the third quarter as vehicle sales, inventory and incentives remain low. U.S. lease originations ...
Axis Auto Finance originations top $115M in FY 2021
Canadian subprime lender Axis Auto Finance posted another year of growth for fiscal year 2021. Axis logged $115.2 million in ...
Delinquencies tick up in July as COVID assistance ends
Delinquencies began to rise in June and July following more than a year of record-low delinquency rates amid the COVID-19 ...
