First-quarter earnings kicked off last week with banks reporting a decline in auto originations. Chase Auto and Wells Fargo Auto’s origination volume decreased year over year in Q1, while outstandings were mixed. Meanwhile, auto credit availability improved across all lender types in March ..read more

Used-vehicle values declined again in March while car sales improved as the industry shifts toward a buyers’ market.  ..read more

The return of higher supply levels is contributing to an uptick in incentives and increased new-vehicle sales projections. Meanwhile, the powersports market is feeling the ramifications of higher interest rates.  ..read more

Auto lenders have been active in the past week in funding initiatives, while competition has ramped up across the market ..read more

Powersports lenders project mixed origination volume in 2024 as credit unions and regional banks pull back in the space and consumer application quality declines. In this episode of the “Weekly Wrap,” Auto Finance News Deputy Editor Amanda Harris and Senior Associate Editor Riley Wolfbauer discuss the top trends during the week ended March 15.   ..read more

Wholesale used-vehicle values ticked down in February while electric vehicle residual values are causing concern for asset-backed securities investors. In this episode of the “Weekly Wrap,” Auto Finance News Deputy Editor Amanda Harris and Senior Associate Editor Riley Wolfbauer discuss the top trends during the week ended March 8.   ..read more

The auto finance industry continues to face a tightened credit environment, worsening credit performance and recoveries, and shrinking subprime market share as affordability concerns persist ..read more

Aftermarket product sales have become more crucial for dealerships as vehicle profits decline, prompting the industry to increasingly turn to digital finance and insurance offerings.   The ancillary product market is also a hot topic for regulators as the Consumer Financial Protection Bureau and the FTC look closely at how lenders manage the addition of aftermarket products within retail installment contracts and how financiers issue refunds when add-on products are canceled.   ..read more

Auto lenders expect 2024 to be a year of growth driven by technology updates and loosening credit standards. Powersports sales and financing performance are mixed.  ..read more

Earnings season continued last week with GM Financial and Credit Acceptance Corp. reporting a rise in originations and worsened consumer credit performance ..read more