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 ...
Tag: third quarter
PNC Financial completes BBVA USA digital migration in Q3
PNC Financial’s auto portfolio shrank in the third quarter following a second-quarter spike brought on by the bank’s acquisition of ...
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 ...
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 ...
Credit Acceptance 3Q Profits Accelerate Despite Downturn in Active Dealer Volume
Credit Acceptance Corp. headquarters in Southfield, Mich., via Yelp Net income at Credit Acceptance Corp. shot up 50% year over ...
Ally Boosts Used Financing to Offset Lower GM, Chrysler Penetration Rates in 3Q
Via media.ally.com Despite lower penetration rates financing General Motors and Chrysler vehicles, Ally Financial's efforts to diversify originations kept volume ...
