Lenders report mixed auto originations, delinquencies dip in Q1

Lenders’ auto originations were mixed in the first quarter, though most reported declining delinquencies.Originations reported by major banks include:Ally Financial, up 12.8% YoY to $11.5 billion;CarMax Auto Finance, down 1.5% YoY to $1.9 billion;Chase Auto, down 2.8% YoY to $10.4 billion;U.S. Bank indirect loan and lease production, mostly made up of auto loans, up 47.3% YoY to $1.7 billion; andWells Fargo Auto, up 110.9% YoY to $9.7 billion.Bank of America did not break out auto originations. However, its indirect and direct consumer outstandings, primarily consisting of auto and specialty lending loans, fell 0.4% YoY to $53.9 billion. Ally, Chase, U.S. Bank, Wells and PNC Financial reported YoY declines in auto loan delinquencies.Fifth Third Bank’s rate of 30- to 89-day delinquencies dropped 7 basis points YoY to 0.61%.Listen as Auto Finance News Editor Amanda Harris, Senior Associate Editor Truth Headlam and Senior Associate Editor Aidan Bush dive into first-quarter earnings and highlight trends across credit performance, auto loan growth and technology updates.Subscribe to “The Roadmap Podcast” on iTunes or Spotify or download the episode.Auto Finance News will present multiple invaluable events for industry professionals in 2026, starting with Auto Finance Summit East and Auto Finance Capital Summit in May. To see event agendas and register, visit autofinance.live.