The Auto Finance Roadmap

Coverage from the Auto Finance Summit East 2023 conference continued last week as the industry prepares for a potential downturn and fraud exposure hit a record high. In this episode of the Weekly Wrap, Editor Joey Pizzolato and Associate Editor Riley Wolfbauer discuss the top stories of Auto Finance Summit East and what to expect in the week ahead.    

In this episode of the Weekly Wrap, Editor Joey Pizzolato, Deputy Editor Amanda Harris and Associate Editor Riley Wolfbauer discuss the top stories of Auto Finance Summit East and what to expect in the week ahead. Artificial intelligence-driven underwriting, credit performance, digitization and subprime financing characterized discussions during the inaugural Auto Finance Summit East last week in...

Carvana and Ford Credit are having very different experiences in the capital markets, illustrating the volatile nature of the securities market as interest rates continue to increase. In this episode of the Weekly Wrap, Editor Joey Pizzolato, Deputy Editor Amanda Harris and Associate Editor Riley Wolfbauer discuss the top stories for the week ending May 5 and what to expect in the week ahead. 

In this episode of the Weekly Wrap, Editor Joey Pizzolato, Deputy Editor Amanda Harris and Associate Editor Riley Wolfbauer discuss the top stories for the week ending April 28 and what to expect in the week ahead.   

In this episode of the Weekly Wrap, Editor Joey Pizzolato, Deputy Editor Amanda Harris and Associate Editor Riley Wolfbauer discuss the top stories for the week ending April 21 and what to expect in the week ahead.  

First-quarter earnings season kicked off last week to mixed results with CarMax Auto Finance , Chase Auto , PNC Financial and Wells Fargo reporting. In this episode of the Weekly Wrap, Editor Joey Pizzolato, Deputy Editor Amanda Harris and Associate Editor Riley Wolfbauer discuss the top stories for the week ending April 14 and what to expect in the week ahead. 

In this episode of the Weekly Wrap, Editor Joey Pizzolato and Associate Editors Johnnie Martinez and Riley Wolfbauer discuss the top stories for the week ending April 7 as well as what to expect in the week ahead.  

The Consumer Bankers Association conference was in full swing last week with lenders navigating rising interest rates and turmoil in financial markets. In this episode of the Weekly Wrap, Deputy Editor Amanda Harris, Editor Joey Pizzolato and Associate Editor Riley Wolfbauer discuss the top stories for the week ended March 31, and what to expect in the week ahead.  

While auto ABS spreads are widening amid market volatility, tax refunds supported improvement in ABS cure rates in February and the Federal Reserve raised the federal funds rate by 25 basis points last week. In this episode of the Weekly Wrap, Editor Joey Pizzolato and Associate Editors Riley Wolfbauer and Johnnie Martinez discuss the week’s top stories and what to expect in the week ahead. 

Silicon Valley Bank ’s collapse continued to reverberate through financial markets last week into Europe as Swiss bank Credit Suisse was absorbed Sunday by its top competitor, UBS Group . In this episode of the Weekly Wrap, the Auto Finance News editors discuss the top stories for the week ended March 17, and what to expect in the week ahead. 

Silicon Valley Bank entered Federal Deposit Insurance Corp. receivership on Friday in the wake of a run on the bank. The fallout has cascaded to the auto finance industry. In this episode of “Weekly Wrap,” Deputy Editor Amanda Harris and Editor Joey Pizzolato discuss SVB’s collapse and what it means for lenders. 

Delinquencies across prime and nonprime securitized auto loans are moving closer to pre-pandemic levels, while rising interest rates and declining used-vehicle values are expected to lead to higher losses.

The past week was marked by shifting dynamics in auto finance, with Mechanics Bank exiting the indirect auto lending business, while Hyundai Motor America launched its national electric vehicle subscription service. In this episode of the Weekly Wrap, Deputy Editor Amanda Harris and Associate Editor Riley Wolfbauer discuss the week’s top stories and what is in store for the week ahead.  

S&P Mobility last week acquired pricing and incentive intelligence provider Market Scan Information Systems , while the automotive asset-backed securitization market has gotten off to a strong start in 2023. In this episode of the Weekly Wrap, Deputy Editor Amanda Harris and Associate Editor Riley Wolfbauer discuss the week’s top stories and what’s in store for the week ahead. 

In this episode of the Weekly Wrap, Deputy Editor Amanda Harris, Editor Joey Pizzolato and Associate Editor Riley Wolfbauer discuss the week’s top stories and what’s in store for the week ahead. Credit demand is weakening as high new and used car prices, rising interest rates and limited supply are muting consumer appetite for automobiles.  

Ford Credit ’s U.S. and Canada outstandings climbed 1.7% sequentially but remained down 3.9% YoY at $77.5 billion in Q4. The captive does not expect to pay distributions to Ford Motor in 2023 on the heels of an 82% YoY decline in earnings before taxes amid a dip in financing margin along with lower credit loss and lease residual releases. 

In this episode of the Weekly Wrap, Editor Joey Pizzolato, and Associate Editor Riley Wolfbauer discuss the 2023 Vehicle Finance Conference, National Auto Dealers Association Show, lease penetration and ongoing Q4 earnings. 

Banks last week announced in their earning calls plans to continue pulling back on auto lending as interest rates constrained vehicle sales amid improved supply. In this episode of the Weekly Wrap, the Auto Finance News editors discuss ongoing Q4 earnings and what is to come in the week ahead. 

A discussion on the top stories for the week ended Jan. 13. In this episode of the Weekly Wrap, Deputy Editor Amanda Harris, Editor Joey Pizzolato and Associate Editor Riley Wolfbauer discuss the start of Q4 earnings and what is to come in the week ahead.  

In this episode of the Weekly Wrap, Editor Riley Wolfbauer discusses last week’s top stories, and what is to come in the week ahead. Last week was marked by records as supply improved, ATP hit a record high for the second month in a row, and dealer sentiment fell to its lowest point since the pandemic.  

Ally Financial Chief Executive Jerry Brown said he sees minimal exposure risk to Carvana’s woes. Still, website traffic for the retailer has been declining for three months, and consumer complaints continue to increase.  

Carvana’s financing volume dropped for the sixth straight month in October as high interest rates and inflation impact affordability, falling 24.3% year over year to 16,604 contracts, according to the latest AutoCount data. In this episode of the Weekly Wrap, Deputy Editor Amanda Harris, Editor Joey Pizzolato and Associate Editor Riley Wolfbauer discuss this week’s top stories, and what is to come...

Auto credit availability continued to improve in October while regulation scrutiny ramped up. Regulators continue to home in on fees related to auto lending. Florida Attorney General Ashley Moody’s office is investigating several dealerships and lenders following consumer complaints regarding fees associated with lease end buyouts.  

Each of the major automotive retailers recorded year-over-year increases in finance and insurance (F&I) revenue in the third quarter amid strong penetration rates.  Asbury Automotive recorded the largest YoY jump at 99% while Sonic Automotive recorded the smallest increase of 1%.

In this episode of the Weekly Wrap, Editor Joey Pizzolato and Associate Editor Riley Wolfbauer discuss the week’s top stories, and what to expect in the week ahead.