The Auto Finance Roadmap

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. 

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.