
Articles
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1 day ago |
autofinance.live | Truth Headlam |Aidan Bush |James Van Bramer |Amanda Harris
Auto Finance News is pleased to announce that Scot Seagrave , chief executive of subprime auto lender , will join a discussion on subprime lending and alternative data during Auto Finance Summit East 2025, taking place May 12-14 at the JW Marriott in Nashville, Tenn. View the full event agenda here. Seagrave joined the company in November 2023 after more than two decades in similar roles in the auto finance industry.
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1 day ago |
autofinancenews.net | Amanda Harris
By Amanda Harris Capital One Auto Finance's originations climbed in the first quarter as the bank leaned into growth of its auto business amid improved credit performance. The bank's auto originations came in at $9.2 billion, up 22.4% year over year but down 2% quarter over quarter, according to the bank's April 22 earnings supplement. Outstandings totaled $77.7 [...]
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2 days ago |
autofinancenews.net | Amanda Harris
By Amanda Harris Delinquencies and net losses were higher year over year in March across securitized prime and nonprime auto loans, while issuance volume this month lagged that of a year ago as few lenders came to market in April. The rate of securitized prime auto loans 30 to 59 days delinquent rose 4 basis points (bps) YoY [...]
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3 days ago |
autofinancenews.net | Amanda Harris
First-quarter bank earnings highlighted mixed results as some banks saw an uptick in auto originations and leasing volume, while credit performance largely improved. Ally Financial 's auto originations increased 4.1% year over year as lease originations were up 28.6% YoY. The bank's retail auto delinquencies declined 9 basis points (bps) YoY to 3.79%. Across the regional banks, Huntington Bank 's auto originations rose 25% YoY , while 's indirect loan and lease originations were down 27.3% YoY .
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1 week ago |
autofinancenews.net | Amanda Harris
By Amanda Harris Ally Financial's auto originations grew in the first quarter, driven in part by an uptick in leasing, while credit performance improved due to the bank's underwriting strategy and consumer payment trends. Auto originations totaled $10.2 billion, up 4.1% year over year but down 1% quarter over quarter, according to the bank's earnings supplement today. So [...]
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Chase Auto’s originations picked up in the first quarter of 2025 as an increase in leasing drove portfolio growth. #autofinance #earningsseason https://t.co/sa11C8WTie

New-vehicle prices held steady as credit access improved in March, while sales were boosted by fears of higher prices to come amid tariffs. #autofinance #autoindustry #tariffs #prices https://t.co/b0E3vedKLD

Auto lenders may need to prepare for additional documentation requirements as a new bill aims to make auto loan interest tax deductible. #autofinance #autoindustry #taxdeduction #autotax https://t.co/ToGn3g1kXE