Weekly Wrap: Industry execs receive Auto Finance Excellence Awards
The 2021 Auto Finance Excellence Awards were presented Oct. 28 at the Auto Finance Summit in Las Vegas as industry executives and automotive lenders were recognized for their notable efforts in commun...
8 Nov 20218min
Weekly Wrap: Takeaways from the Auto Finance Summit
During last week’s 2021 Auto Finance Summit, industry executives shared updates on return-to-office plans, future changes to the auto market, continued fallout from the inventory shortage and complian...
1 Nov 202112min
Weekly Wrap: Q3 earnings highlight supply shortage, consumer demand
At Ally Financial, for one, floorplan fell 8.4% YoY and 2.4% from the second quarter to $7.6 billion. Ally joins a growing list of lenders this quarter to post some of the highest origination volume i...
22 Okt 20219min
Weekly Wrap: Q3 earnings bring floorplan declines, strong consumer originations
This week brought a closer look at third-quarter earnings at some of the largest banks, painting a picture of how supply constraints are shaping financial institutions’ performance. Both Bank of Ameri...
18 Okt 20217min
Weekly Wrap: Q3 earnings predictions
Last week, new September data points in unemployment, used-vehicle values and new-vehicle sales painted a less-than-optimistic picture of what’s to come during the third-quarter earnings season as the...
11 Okt 202110min
Weekly Wrap: Inside Rivian’s IPO
Last week, electric vehicle manufacturer Rivian unsealed its initial public offering filing with the U.S. Securities and Exchange Commission, which brought to light further details on its financing fo...
5 Okt 202115min
Weekly Wrap: New-vehicle sales decline, legal woes plague subprime lender
In an August poll by Kelley Blue Book, 48% of consumers indicated they will wait at least three months to purchase a new car, up from 37% in a similar study in May. As a result, new-vehicle sales have...
27 Sep 202112min
Weekly Wrap: Credit union trends and the risk of complex tech stacks
Last week, the Auto Finance News team examined credit union trends in auto finance and attended the 2021 FinovateFall, the latter of which highlighted a handful of promising startups. Auto financiers ...
20 Sep 202110min
