Auto Finance News

Auto Finance News serves as the premier publication for the auto finance sector. Established in 1996, it stands as the top source for news, insights, and analysis related to automotive lending and leasing in the country. Packed with essential data and unique market insights, this subscription service offers a monthly newsletter and a weekly email update, helping subscribers enhance their performance.

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Capital One leans into auto growth, eyes tariffs

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 [...]
Delinquencies, losses climb across securitized auto loans

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 [...]
Ally Financial, Huntington originations rise in Q1

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 .
Ally Financial lease originations up 28.6%

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 [...]
Tariffs prompt lower auto ABS forecasts, DQ rise

1 week ago | autofinancenews.net | Amanda Harris

By Amanda Harris Prolonged auto tariffs could lead to a decline in auto securitization issuance and worsened credit performance. Deutsche Bank lowered its forecast for 2025 auto asset-backed securitization (ABS) volume in tandem with a 500,000-unit reduction in its projection for U.S. light vehicle sales to 15.4 million at the end of March due to anticipated tariff-induced price [...]
Southeast Toyota Finance's Bill Shope retires

1 week ago | autofinancenews.net | Amanda Harris

By Amanda Harris Long-time Southeast Toyota Finance leader Bill Shope has retired after 35 years with the company, prompting leadership changes. Southeast Toyota Finance (SET Finance) is a subsidiary of JM Family Enterprises and is a division of World Omni Financial Corp. Shope, who retired at the end of March, became president of the lender in May 2023 [...]
Bank of America auto net charge-offs flat

1 week ago | autofinancenews.net | Amanda Harris

By Amanda Harris Bank of America's credit performance and auto portfolio growth was steady in the first quarter as digital activity ramped up. Auto net charge-offs sat at 0.51% in Q1, flat YoY and up 1 basis point (bps) quarter over quarter, according to the bank's earnings presentation today. Bank of America's auto loans 30-plus days delinquent [...]
S&P sees high risk of Ford, GM ratings downgrade on auto tariffs

1 week ago | autofinancenews.net | Dorothy Ma

Ford Motor Co. and General Motors Co., along with nearly a dozen car-parts suppliers, are at high risk of a negative ratings action in the coming weeks if looming tariffs from the Trump administration take effect, according to an S&P Global Ratings report. Tariffs could impact the earnings and cash flows of Ford and GM in ways that won't be offset by mitigating factors, analysts including Nishit Madlani wrote in a Monday report.
Powersports leaders weigh in on potential HDFS sale

1 week ago | autofinancenews.net | Amanda Harris |Aidan Bush

By Amanda Harris, Aidan Bush The news that Harley-Davidson could be exploring a sale of its financing arm Harley-Davidson Financial Services is sparking concerns that the move could put the motorcycle maker at a disadvantage. On April 10, news broke that Harley-Davidson was considering the sale of HDFS, estimated at least $1 billion, according to Bloomberg reports citing people familiar [...]
Dip in auto ABS contributes to weakened industry health (Big Wheels)

1 week ago | autofinancenews.net | Amanda Harris

By Amanda Harris A decrease in auto asset-backed securitization issuance and an increase in auto loan rejection rates contributed to a year-over-year decline in the auto finance industry's overall health, offset by stronger new-vehicle sales and improved stock performance. The Auto Finance Composite Index landed at 133.86 in March, down 16.2% YoY and 0.9% month over month. [...]