Carvana posts triple-digit origination growth YOY
Carvana’s originations hit $1.9 billion in the third quarter, a 115% year-over-year increase. Third-quarter revenue increased 105% to $1.1 billion, ...
Tag: earnings
Santander increases Chrysler penetration rate to 36%
Santander Consumer USA drove up its Chrysler Capital loan origination volume and quarterly penetration rate during the third quarter, an ...
Ford Credit increases cash distribution
Ford Motor Credit increased its cash distribution to Ford Motor Co., injecting $1.1 billion into the OEM, compared with $700 ...
Daimler edges past torrid few months to see strong rest of year
Daimler AG showed signs of moving past a rough few months marred by two profit warnings by predicting a strong rest of ...
Earnings roundup: Ally, Chase, US Bank boost auto originations in 3Q
Ally Financial, Chase Auto, and U.S. Bank Dealer Services all grew origination volumes in the third quarter despite a mixed ...
Wells Fargo Auto originations climb 45% YOY
Origination volume for Wells Fargo Auto is on a growth trajectory, as the bank reported a 45% year over year ...
GM and Ford can’t shake anguish over where US sales are headed
General Motors Co. posted a quarterly sales gain, and Ford Motor Co. sales fell less than expected. But both are ...
HyreCar adds dealers to boost 2Q revenue, cut losses
HyreCar has been focused on expanding commercial accounts — which include auto dealers and fleet managers — to boost revenue ...
