Auto Finance News | The News That Drives the Industry

A Fifth Third Bank branch in Royal Oak, Michigan, US, on Thursday, April 13, 2023. Fifth Third Bancorp is scheduled to release earnings figures on April 20.

Regional bank earnings roundup: Auto loan appetite improves for some

April 22, 2024

Additional regional bank earnings released late last week point to an improved appetite for auto loans even as activity remained...

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TECHNOLOGY

Technology

E-contracting origination volume jumps 37%

April 19, 2024

Technology

Auto dealers embrace digital tools, lender hesitation remains

April 19, 2024

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Fed: Auto sales follow sluggish trend

byAsh Savage

April 18, 2024

Automotive retail sales continued to slow in March due to high interest rates and vehicle prices paired with affordability concerns. ...

Ally Financial ups auto allowances as losses rise

byAmanda Harris

April 18, 2024

Ally Financial increased its allowance for auto credit losses in the first quarter as delinquencies and net charge-offs rose on...

Ally Financial stock price rises post Q1 earnings

byJames Van Bramer

April 18, 2024

Ally Financial's stock rallied after strong first-quarter earnings released today, closing the day at $38.71, a 6.7% gain after it...

Price competition between dealers ramps up

byJames Van Bramer

April 17, 2024

Pricing competition has ramped up among dealerships as inventory returns to more normal levels and lenders’ appetite for auto loans...

Five questions with … NextGear Capital’s VP of portfolio management

byAmanda Harris

April 17, 2024

Nicole Graham-Ponce, vice president of portfolio management at NextGear Capital, has spent much of her life around cars and has...

RV retail registrations fall 9%, shipments jump

byAsh Savage

April 17, 2024

Retail RV sales slowed in February as shipments from OEMs ratcheted up, forcing some dealers to mark down prices on...

Help shape the conversation at 2024 AFS East

byJoey Pizzolato

April 17, 2024

The Auto Finance News editorial team is calling on subscribers and 2024 Auto Finance Summit East attendees to help shape...

A Bank of America branch in Austin, Texas, US

Bank of America originations down 6%

byJames Van Bramer

April 16, 2024

Bank of America’s auto originations rose in the first quarter while credit performance continued to normalize and commercial loans to...

News from Equipment Finance News

Weakened demand for business loans in 4th quarter: ELFF survey

byMichael Archuleta

2024-04-22

Investment into real equipment and software for the equipment financing market is expected to grow 2.2% in 2024, despite weakened…

Special Counsel Mehul Madia joins Equipment Finance Connect faculty

byMichael Archuleta

2024-04-22

Mehul Madia, special counsel at Sheppard Mullin Richter & Hampton’s Washington, office, will discuss best practices for dealers to navigate…

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