The Auto Finance Roadmap

Auto lenders homed in on subprime financing, liquidity management, technology and vehicle pricing last week during Auto Finance Summit 2023. 

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 this episode of the “Weekly Wrap,” Deputy Editor Amanda Harris and Senior Associate Editor Riley Wolfbauer discuss the top stories for the week ended Oct. 20, and what to expect in the week ahead.  

Chase Auto , PNC Financial and Wells Fargo kicked off third-quarter earnings season last week with mixed results, while consumer credit availability improved in September. In this episode of the “Weekly Wrap,” Deputy Editor Amanda Harris and Senior Associate Editor Riley Wolfbauer discuss the top stories for the week ended Oct. 13, and what to expect in the week ahead. 

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 September. In this episode of the “Weekly Wrap,” Deputy Editor Amanda Harris and Senior Associate Editor Riley Wolfbauer discuss the top stories for the week ended Oct. 6, and what to expect in the week ahead.

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. , General Motors Co. and Stellantis NV has looming implications on supply and pricing. In this episode of the “Weekly Wrap,” Deputy Editor Amanda Harris and Senior Associate Editor Riley Wolfbauer discuss the top stories for the week ende...

Rising interest rates have prompted shifts in market share and affordability concerns across the auto finance industry, while several auto lenders issued auto asset-backed securitization deals during the past few weeks. 

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 against the Detroit legacy manufacturers. In this episode of the “Weekly Wrap,” Deputy Editor Amanda Harris, Senior Associate Editor Riley Wolfbauer and Associate Editor Johnnie Martinez discuss the top stories for the week ended Sept. 15...

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 episode of the “Weekly Wrap,” Editor Joey Pizzolato, Deputy Editor Amanda Harris, Senior Associate Editor Riley Wolfbauer and Associate Editor Johnnie Martinez discuss the top stories for the week ended Sept. 8, and what to expect in the...

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 Wolfbauer about lessons he has learned during his career and how he conducts himself as a leader.  

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 episode of the “Weekly Wrap,” Editor Joey Pizzolato, Deputy Editor Amanda Harris and Senior Associate Editor Riley Wolfbauer discuss the top stories for the week ended Sept. 1, and what to expect in the week ahead.  

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,” Senior Associate Editor Riley Wolfbauer and Associate Editor Johnnie Martinez II discuss the top stories for the week ended Aug. 25, and what to expect in the week ahead. 

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 lost market share.  

Electric vehicle OEMs last week posted mixed production volume as inventory continues to improve.  In this episode of the “Weekly Wrap,” Editor Joey Pizzolato, Deputy Editor Amanda Harris, Senior Associate Editor Riley Wolfbauer, and Associate Editor Johnnie Martinez II discuss the top stories for the week ended Aug. 11, and what to expect in the week ahead.  

Subprime auto lenders posted mixed second-quarter earnings last week as credit tightened amid ongoing interest rate increases. In this episode of the “Weekly Wrap,” Editor Joey Pizzolato, Deputy Editor Amanda Harris and Senior Associate Editor Riley Wolfbauer discuss the top stories for the week ended Aug. 4, and what to expect in the week ahead. 

Captives’ second quarter earnings were mixed as rising interest rates push down origination volume and lenders pull back.

Banks continued pulling back on auto in the second quarter, with nearly every bank except Chase Auto posting year-over-year declines in auto originations. In this episode of the “Weekly Wrap,” Editor Joey Pizzolato, Deputy Editor Amanda Harris and Senior Associate Editor Riley Wolfbauer discuss the top stories for the week ended July 22, and what to expect in the week ahead. 

Second-quarter earnings kicked off last week to mixed results amid declining auto loan demand, even as sales remain strong. In this episode of the “Weekly Wrap,” the auto finance news editors discuss the top stories for the week ended July 14, and what to expect in the week ahead. 

June marked a continued pullback on indirect auto lending in a challenging market, but a strong sales month for electric vehicles. In this episode of the “Weekly Wrap,” Auto Finance News’ Deputy Editor Amanda Harris and Senior Associate Editor Riley Wolfbauer discuss the top stories for the week ending July 7, and what to expect in the upcoming earnings season.    

Shake-ups in the market continued last week as Fifth Third pulled back from indirect auto in western states, EV prices fell and negative equity on used-car loans increased. In this episode of the “Weekly Wrap,” the Auto Finance News Editor Joey Pizzolato, Senior Associate Editor Riley Wolfbauer and Associate Editor Johnnie Martinez discuss the top stories for the week ending June 30, and what to e...

In this episode of “On the Job,” Bruce Newmark , chief adviser at Vroom and United Auto Credit , speaks with Auto Finance News Senior Associate Editor Riley Wolfbauer about his leadership style and the lessons he has learned throughout his career. 

CarMax Auto Finance is the latest auto lender to brace for an increase in delinquencies ahead of second-quarter earnings season as rising interest rates continue to squeeze consumers. In this episode of the “Weekly Wrap,” the Auto Finance News Editor Joey Pizzolato, Deputy Editor Amanda Harris, Senior Associate Editor Riley Wolfbauer and Associate Editor Johnnie Martinez discuss the top stories fo...

Loan terms are shortening, leasing is making a return and market share is trending back toward normal breakdowns as interest rate increases slow .

Last week, Citizens Financial Corp . pulled out of indirect auto, marking the second bank to voluntarily exit auto financing and the fourth financier to shutter operations this year. 

Last week, new data showed that credit performance improved month over month in April across securitized loans on the heels of tax season, while Honda eyes incentive normalization as inventory builds. In this episode of the Weekly Wrap, Editor Joey Pizzolato and Associate Editors Riley Wolfbauer and Johnnie Martinez discuss these stories and what to expect in the week ahead.  

In this episode of the Weekly Wrap, Deputy Editor Amanda Harris and Associate Editor Riley Wolfbauer discuss last week's stories and what to expect in the week ahead.