PNC Financial’s auto book shrinks for fourth consecutive quarter
PNC Financial Service’s auto book shrank for the fourth consecutive quarter, contributing to an overall decline in consumer loans during ...
Tag: Mag Leaders
Auto outstandings, digital transactions grow at Truist in Q1
Digital transactions have taken the lead at Truist as the bank continues to grow its auto book each quarter. Truist’s ...
Wells Fargo Auto invests in digital, logs increased originations in Q1
Wells Fargo Auto is looking to invest in better digital experiences as more than 80% of consumer deposits shift to ...
HyreCar sees surge in delivery drivers amid pandemic-spurred shift
Carsharing marketplace HyreCar continues to benefit from a pandemic-spurred shift to food and package delivery services, contributing to an increase ...
CarMax Auto Finance Q4 income surges on lower provisions, funding costs
CarMax Auto Finance (CAF) closed out the fourth quarter and fiscal year 2021 with $188.2 million in income, a 68.2% ...
Incentives reach six-year low in February amid tight supply
Tight vehicle supply has contributed to a six-year low in incentive spending, higher prices, and positive retention values. Incentive spend ...
Global Lending Services joins NMAC pass-through subprime financing program
Global Lending Services has joined Nissan Motor Acceptance Corp.’s dual pass-through program for subprime borrowers. NMAC has since 2014 offered ...
Carvana enjoys Q4 hike in finance GPU, origination volume
Online car retailer Carvana saw soaring finance gross profit per unit (GPU) and origination volume during the COVID-19 pandemic, fueled ...
