Chase Auto originations tick down 3%
Chase Auto’s first-quarter originations dipped year over year as the bank prioritized margins. Auto originations totaled $8.9 billion in ...
Tag: delinquencies
Credit tightening at CarMax Auto Finance paves way for ACL reduction
Ongoing credit tightening at CarMax Auto Finance paved the way for allowance for credit loss reductions as the lender’s portfolio ...
Lenders battle recovery woes with collections, servicing strategies
Auto lenders must creatively prioritize servicing and collections initiatives as recovery rates fall to historically low levels across the industry, ...
Under the Hood: Creative payment options can shift customer mindset
While buy now, pay later plans are increasingly popular, auto financiers might benefit from urging customers to buy now and ...
Podcast: ‘Weekly Wrap’ on credit tightening, performance
The auto finance industry continues to face a tightened credit environment, worsening credit performance and recoveries, and shrinking subprime market ...
Lower prices, rising repo costs contribute to falling recoveries
Securitized auto loan recoveries aren’t likely to improve in the coming months as used-vehicle values decline and repossession costs rise. ...
Further credit tightening might be on horizon
Auto lenders are likely to further tighten underwriting criteria in the coming months as the rate of new auto loan ...
Podcast: ‘Weekly Wrap’ on GM Financial, CAC earnings
Earnings season continued last week with GM Financial and Credit Acceptance Corp. reporting a rise in originations and worsened consumer ...
