{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Auto Finance Roadmap","title":"Banks’ auto originations rise in Q4 ","html":"","width":"100%","height":180,"duration":725,"description":"Banks reported growth in auto originations in the fourth quarter as credit performance was mixed.  \nAuto originations at Ally Financial, Capital One, Chase Auto, U.S. Bank and Wells Fargo increased year over year, according to the banks’ earnings reports. \nThe increases were:  \nAlly’s originations rose 4.9% YoY to $10.8 billion; \nCapital One’s originations increased 8.5% YoY to $10.2 billion; \nChase Auto’s originations ticked up 1.9% YoY to $10.8 billion; \nU.S. Bank’s indirect loan and lease production, mostly comprised of auto loans, grew 2.7% YoY to $1.4 billion; and \nWells Fargo Auto’s originations soared 104% YoY to $10.2 billion \nHuntington Bank’s auto originations, however, declined 4.6% YoY to $2.1 billion in Q4.  \nWhile Bank of America did not break out auto originations, auto outstandings came in at $55.3 billion, up 0.7% YoY, according to the bank’s earnings supplement. \nMeanwhile, auto credit performance was mixed across major banks in Q4. Ally Financial, Capital One, Chase Auto and Wells Fargo reported YoY dips in auto loans delinquent by 30 days or more. Huntington's auto delinquencies rose, while Fifth Third Bank and Truist reported declines in 30- to 89-day auto delinquencies YoY.  \nPNC Financial’s rate of auto loans 30 to 59 days past due was 0.45%, down 9 basis points (bps) YoY, according to the bank’s earnings supplement. \nBank of America’s net charge-offs across its indirect and direct consumer book, which is largely made up of auto loans, rose 5 bps YoY to 0.22%.  \nListen as Auto Finance News Editor Amanda Harris, Senior Associate Editor Truth Headlam and Associate Editor Aidan Bush dive into fourth-quarter earnings and highlight trends across credit performance, auto loan growth and technology updates.  ","thumbnail_url":"https://img.transistorcdn.com/bGxHLOFkdbybG6Gmvn9PfxjEHJwxVQSrreBhCWUsXKc/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzM5MTcvMTY4ODY1/ODM4OC1hcnR3b3Jr/LmpwZw.webp","thumbnail_width":300,"thumbnail_height":300}