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      • Ally Financial originations dip 5.7% YoY 
        by James Van Bramer on July 17, 2024 at 7:24 pm

        Ally Financial’s second-quarter auto originations dipped year over year while credit performance worsened.   Originations landed at $9.8 billion, unchanged sequentially but down 5.7% YoY, according to the bank’s‘ earnings supplement, released today. Ally received 3.7 million auto finance applications during Q2.   “In terms of where we are going to compete, we find that

      • Nominations for the 2024 Auto Finance Excellence Awards now open
        by Ash Savage on July 17, 2024 at 5:52 pm

        The Auto Finance Excellence Awards, first established in 2005, are designed to celebrate achievement in the automotive lending and leasing industries.   Winners for the 2024 awards will be announced on Oct. 8 at 12:30 p.m. during a ceremony and luncheon held at the Auto Finance Summit. The summit will be held from Oct. 7-9 at

      • Document intelligence for auto finance, dealerships, better CX
        by Jessica Gonzalez, Informed.IQ on July 17, 2024 at 5:06 pm

        Is your finance department bogged down by paper documents and manual data entry? Are you struggling with slow financing approvals and customer dissatisfaction? Are outdated processes hindering your ability to provide top-notch customer service?  Many auto finance professionals would answer “yes” to these questions if they were still using the same old “good enough” processes.

      • Bank of America originations down 11.8% to $6B 
        by Ash Savage on July 16, 2024 at 8:57 pm

        Bank of America’s auto originations fell in the second quarter, while the bank’s dealership financing portfolio grew.  Originations totaled $6 billion, down 9.1% QoQ and 11.8% YoY, according to the bank’s earnings presentation today. Outstandings fell 0.9% QoQ and 0.6% YoY to $53.6 billion.  Bank of America joined  Chase Auto and Wells Fargo Auto in

      • Big Wheels: Higher auto credit rejection rates hamper industry  
        by Amanda Harris on July 16, 2024 at 8:54 pm

        The auto finance industry’s overall performance declined in June as auto loan application rejection rates jumped.  Auto Finance News’ proprietary Auto Finance Composite Index fell to 120.89 in June compared with 159.74 in May and 123.93 in June 2023, representing a downward turn in the industry’s overall health on a sequential and year-over-year basis.  

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      • Flash Commentary No, 1460b
        on June 21, 2021 at 12:57 am

        • Fundamentals Could Not Be Stronger for Gold and Silver, nor Weaker for the U.S. Dollar and Stocks, Despite Fed or Market Nonsense to the Contrary • There Is No V-Shaped Recovery • Battered, Non-Recovered May 2021 Payrolls and Unemployment Confirmed a Still-Ravaged Economy on Par With the Great Depression • Severely Negative Annual Revisions to Industrial Production Mean the Economy Was in Recession Well Before the Pandemic Hit • Business-Cycle Conditions Are Collapsing Rapidly, Amidst an Extreme Acceleration in Inflation • 2021 Social Security Cost of Living Adjustment (COLA) Could Spike to a 40-Year High, Based on Potential Third-Quarter 2021 CPI-W • Bureau of Labor Statistics Reveals It Cannot Measure the CPI Properly, At Present • FOMC Has Trouble Forecasting Inflation One Quarter Ahead, Let Alone Two Years Ahead • Despite Talk of ?Tightening? in 2022 or 2023, FOMC Is ?Easing? Anew in Its Latest Actions

      • Flash Commentary No. 1460a
        on May 31, 2021 at 11:07 pm

        • Benchmarked Industrial Production Revised Sharply Lower; Both Manufacturing and Mining Were Hit Hard • New Numbers Indicate the Economy Was in a Deepening Recession, Well Before the Pandemic Shutdown and Collapse • Old Numbers Showed Production Peaked in December 2018 and Flattened Out, February 2020 Pre-Pandemic Peak Was 3.75% Higher Than the Pre-Great Recession Peak • New Numbers Show Production Peaked in August 2018 and Entered Protracted Decline, February 2020 Pre-Pandemic Peak Was 1.11% (-1.11%) Below the Pre-Great Recession Peak • Manufacturing Sector Has Never Recovered Pre-Great Recession Peak Levels • April 2020 Pandemic/Economic Trough Revised Lower by 5.1% (-5.1%) • Economic Recovery Is Not as Close as Hyped by the Consensus Outlook • Negative Implications Here for the July 29th GDP Benchmarking • Chances Are Reduced for Moderating Extreme Monetary and Fiscal Policies • Evolving Circumstances Remain Extremely Strong for Gold and Silver, and Weak for the U.S. Dollar and Stocks, Despite Central Bank or Other Systemic Machinations to the Contrary

      • Flash Commentary No. 1460a
        on May 31, 2021 at 11:07 pm

        • Benchmarked Industrial Production Revised Sharply Lower; Both Manufacturing and Mining Were Hit Hard • New Numbers Indicate the Economy Was in a Deepening Recession, Well Before the Pandemic Shutdown and Collapse • Old Numbers Showed Production Peaked in December 2018 and Flattened Out, February 2020 Pre-Pandemic Peak Was 3.75% Higher Than the Pre-Great Recession Peak • New Numbers Show Production Peaked in August 2018 and Entered Protracted Decline, February 2020 Pre-Pandemic Peak Was 1.11% (-1.11%) Below the Pre-Great Recession Peak • Manufacturing Sector Has Never Recovered Pre-Great Recession Peak Levels • April 2020 Pandemic/Economic Trough Revised Lower by 5.1% (-5.1%) • Economic Recovery Is Not as Close as Hyped by the Consensus Outlook • Negative Implications Here for the July 29th GDP Benchmarking • Chances Are Reduced for Moderating Extreme Monetary and Fiscal Policies • Evolving Circumstances Remain Extremely Strong for Gold and Silver, and Weak for the U.S. Dollar and Stocks, Despite Central Bank or Other Systemic Machinations to the Contrary

      • Benchmark Commentary No. 1459
        on April 21, 2021 at 9:15 am

        • Intractable and Deteriorating Conditions Still Signal No Imminent Economic Recovery, Irrespective of Some Bounces in March Activity Against Weather-Driven February Collapses • Monthly Annual and Post-Pandemic Payroll Declines Have Stabilized Around Minus Six-to-Seven Percent for the Last Eight Month, Weakest Showing Since 1946 • Annual-Change Gyrations Are Just Beginning for Economic, Inflation, Money Supply and Financial Return Numbers, as the Pandemic-Driven Collapse Passes It First Anniversary • Beyond Year One, Multi-Year, Crisis-Driven Collapses Need to Be Assessed Against Pre-Crisis Levels, or Stacked Two-Year Change, As Well As Year-to-Year Change • The Federal Reserve Overhauled Its Money Supply Reporting, Redefining Traditional M1 from 34.8% to 93.4% of a Not-Redefined Total M2 • This Masked Accelerating Flight-to-Liquidity in Traditional M1 from Non-M1 Components of M2 • ShadowStats Defined “Basic M1” — Combined Currency and Demand Deposits — Still Reflects the Extraordinary Liquidity Flight to, and Surge in the Narrower Money Supply • Expanded Federal Reserve Accommodation Remains Likely Well Into 2023, Given the Increasingly Negative Outlook for Imminent U.S. Economic Recovery • Fed Chair Powell Noted That Surging Money Supply No Longer Boosts the Economy • That Is Because the Current Collapse Is Pandemic, Not Business-Cycle Driven; Surging Money Growth in a Non-Business-Cycle Collapse Can Trigger Hyperinflation • Surging Monetary Base, Reserves and Currency Indicate Intensifying Systemic Problems • Underlying Fundamentals Remain Extremely Strong for Gold and Silver, and Weak for the U.S. Dollar and Stocks, Despite Central Bank or Other Systemic Machinations to the Contrary

      • Post Title
        on April 21, 2021 at 9:12 am

        Download the full Commentary as a PDF Document

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        • Carvana Settles Dispute with State of Illinois
          by Staff on January 25, 2023 at 8:02 pm

          The used car retailer will continue to operate in Illinois under some restrictions.

        • Green Bond Availability Grows
          by Staff on January 25, 2023 at 7:49 pm

          Around $28 billion in green bonds are available globally for automakers to help fund their transition to electric vehicles.

        • Jaguar Land Rover Reports Profit for Q3 of its Fiscal Year
          by Staff on January 25, 2023 at 7:35 pm

          The company reported a profit before tax of $326 million for the quarter ending in December.

        • Getting Everyone EV Ready
          on January 25, 2023 at 12:30 am

          It’s time to create an environment and culture that welcomes the inherent fears and curiosities of EV buyers, and those who aren’t EV buyers-yet.

        • Black Book: Weekly Market Update
          by Staff on January 25, 2023 at 12:05 am

          Last week, wholesale price declines lessened, coming in at a level on par with last July (apart from the weeks around Thanksgiving and Christmas when volume and conversions were down), before the declines began to accelerate for Q3 and Q4.

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