Displaying 61 - 90 of 282 in total
Weekly Wrap on used vehicle values, EVs
Wholesale used-vehicle values ticked down in February while electric vehicle residual values are causing concern for asset-backed securities investors. In this episode...
Weekly Wrap discussion on credit tightening, performance
The auto finance industry continues to face a tightened credit environment, worsening credit performance and recoveries, and shrinking subprime market share as afforda...
Weekly Wrap discussion on aftermarket compliance, EVs
Aftermarket product sales have become more crucial for dealerships as vehicle profits decline, prompting the industry to increasingly turn to digital finance and insur...
Weekly Wrap discussion on auto finance growth, powersports earnings
Auto lenders expect 2024 to be a year of growth driven by technology updates and loosening credit standards. Powersports sales and financing performance are mixed.
Weekly Wrap discussion on GM Financial, CAC earnings
Earnings season continued last week with GM Financial and Credit Acceptance Corp. reporting a rise in originations and worsened consumer credit performance.
Weekly Wrap discussion on Vroom, Sonic Automotive closures
Rising costs and limited supply have created challenges for used-car retailers, evidenced by Vroom’s planned shutdown of its used-car sales and e-commerce business and...
Podcast: ‘Weekly Wrap’ on mixed Q4 bank earnings
Elevated interest rates contributed to a competitive landscape that prompted some banks to slow auto lending activity in the fourth quarter while others saw growth in ...
Weekly Wrap discussion on Q4 earnings kickoff
Fourth-quarter earnings season kicked off with several banks reporting mixed results in auto originations as some tightened credit and others picked up auto lending ac...
Weekly Wrap discussion on EV tax credit changes
Stricter federal tax credit requirements for electric vehicles have prompted price cuts, incentives, and dealer operation changes. Lower interest rates and low unemplo...
‘On the Job’ with CULA’s Mark Chandler
Mark Chandler, vice president for business development at Credit Union Leasing of America, lives and breathes the auto industry and leads his team with an infectious p...
Weekly Wrap discussion on 2023 highlights, 2024 expectations
Affordability and profitability were top of mind for auto lenders in 2023, and 2024 is set to be a year of cautious growth as rates come down.
Weekly Wrap discussion on tightened credit, powersports growth
Elevated interest rates and inflationary pressures have prompted auto lenders to tighten credit, leading credit unions to step back and create opportunities for other ...
Weekly Wrap discussion on sales, pricing
Incentives and lower monthly payments are helping drive leasing as vehicle sales improved in November. More than 27% of prime and superprime consumers chose to lease ...
'On the Job' with Axos Bank's Anthony Capizzano
When Anthony Capizzano, senior vice president, head of consumer lending at Axos Bank, returned from the U.S. Marine Corps in 1997, he was interested in two jobs: selli...
Weekly Wrap discussion on delinquencies, captive market share
Delinquencies and net losses in the prime and subprime auto asset-backed securities market continued to increase in September, while captive market share of total auto...
Weekly Wrap discussion Toyota CFPB oversight, subprime credit tightening
The Consumer Financial Protection Bureau continued to focus on the sale of ancillary products to consumers, fining Toyota Motor Credit Corp. $60 million for violations...
Weekly Wrap discussion on subprime market
Higher interest rates are just one challenge facing consumers and affecting their ability to make their car payments. Auto lenders are tightening credit and the whole...
Weekly Wrap on subprime financing, affordability
Affordability, credit performance, cost of funds and regulatory compliance are top of mind for subprime auto lenders as inflationary pressures further squeeze consumer...
Weekly Wrap on Auto Finance Summit 2023
Auto lenders homed in on subprime financing, liquidity management, technology and vehicle pricing last week during Auto Finance Summit 2023.
Weekly Wrap on earnings, subprime ABS
Third-quarter earnings season continued last week with Ally Financial, Bank of America, Citizens, Fifth Third, Huntington Bank, Truist and U.S. Bank all reporting. In ...
Weekly Wrap on start of Q3 earnings
Chase Auto, PNC Financial and Wells Fargo kicked off third-quarter earnings season last week with mixed results, while consumer credit availability improved in Septemb...
Weekly Wrap on used vehicles, fraud, capital markets
Credit unions have tapped into the auto asset-backed securities market to raise capital amid liquidity concerns, while used-vehicle values inched up sequentially in Se...
Weekly Wrap on Q3 sales, UAW strike, EVs
Third-quarter new vehicle sales are forecast to finish higher year over year after a strong September while the United Auto Workers strike against Ford Motor Co., Gene...
Weekly Wrap on market share, interest rates, Carvana
Rising interest rates have prompted shifts in market share and affordability concerns across the auto finance industry, while several auto lenders issued auto asset-ba...
Weekly Wrap on BMO indirect exit, RV values
The indirect auto lending landscape continues to shift as BMO Financial Group exited indirect auto lending Friday following layoffs while the UAW went on strike agains...
Weekly Wrap discussion on Carvana ABS, floorplan shakeup
The floorplan financing landscape is changing as inventory improves and dealerships consolidate in the face of elevated interest rates and pent-up demand. In this epis...
‘On the Job’ with FreedomRoad Financial EVP and Managing Director Tom Collins
In this episode of “On the Job,” Tom Collins, executive vice president and managing director of FreedomRoad Financial speaks with AFN Senior Associate Editor Riley Wol...
Weekly Wrap discussion on rising delinquencies, dealer consolidation
Late-stage delinquencies were on the rise in the second quarter as the Federal Reserve’s hawkish monetary policy continued to affect the auto finance industry. In this...
Weekly Wrap discussion on auto ABS market, powersports
Banks continued to tap the auto asset-backed securitization market last week to offload consumer debt amid shrinking deposits. In this episode of the “Weekly Wrap,” Se...
Weekly Wrap discussion on captives, credit access
Vehicle affordability and credit access improved in July in a positive sign for the auto finance industry following months of credit tightening as captive’s reclaimed ...