Weekly Wrap discussion on Q2 earnings kickoff
Second-quarter bank earnings kicked off this week and showed a continued slowdown in auto originations compared with a year ago. Chase Auto’s originations declined 10% year over year to $10.8 billion ...
15 Heinä 20247min
Weekly Wrap discussion on sales, incentives
June marked mixed vehicle sales and an uptick in incentives ahead of the July Fourth holiday, while the industry continues to keep an eye on impacts from cyberattacks that halted dealer operations.
8 Heinä 20247min
Weekly Wrap discussion on rising debt, tech, compliance
Higher costs for everyday expenses such as gas, groceries and vehicle insurance have prompted many consumers to turn to credit cards, with rising expenses making it harder for consumers buried in debt...
1 Heinä 20248min
Discussion on retail POS lending as an opportunity for lenders
Point-of-sale financing as an alternative payment method is a growing opportunity for lenders, technology company Pagaya’s President Sanjiv Das says on this episode of “The Buzz” podcast, shared to Th...
27 Kesä 202421min
Weekly Wrap discussion on CDK attacks, powersports
Car dealerships are leaning on manual processes following consecutive cyberattacks against software provider CDK Global last week. In powersports, RV and marine manufacturer Winnebago Industries’ prom...
24 Kesä 20247min
Weekly Wrap discussion on loan production, inflationary pressures
The auto finance industry is showing slight improvements in affordability and loan production while worsening credit performance and inflationary pressures remain concerns. Auto outstandings held stea...
17 Kesä 20244min
Weekly Wrap discussion on leasing, NAF Summit
Leasing is picking up in tandem with incentives while used-vehicle values decreased in May — positive signs toward improving affordability. While some measures indicate better deals and lower prices,...
10 Kesä 20247min
Weekly Wrap discussion on market share, powersports
Auto lenders were active in the capital markets last month as credit union issuance picked up, while market share among banks and credit unions shifted in the first quarter. In powersports, Canadian m...
3 Kesä 20247min
