The Auto Finance Roadmap

Last week, used-vehicle values continued to shift amid improving inventory and slowing used-car sales. Meanwhile, CarMax Auto Finance, Hyundai Capital America, Santander Consumer USA and Vroom all announced plans to close $4 billion in prime and subprime asset-backed securities (ABS) deals on July 20.   Also last week, Consumer Portfolio Services (CPS) looked to revamp its operational strategy and...

Last week, the Federal Trade Commission zeroed in on junk fees as regulators increase their focus on auto lending, and Ford Motor Co. halted lease buybacks on its electric vehicle (EV) product line to control the secondary market. In this episode of the Weekly Wrap, the Auto Finance News editors discuss the top stories for the week ended July 1, and what to expect in the week ahead.

Last week, Ford Credit increased its purchase offer on outstanding debt securities to $3 billion as the industry forecasts declining vehicle sales in June, while interest rates rise and consumer sentiment and confidence decline.   New-vehicle sales are projected to slump year over year in June, with the retail seasonally adjusted annualized rate (SAAR) falling 2.3 million units to 11.3 million, ac...

Affordability concerns continue to plague the auto finance industry amid high prices and rising interest rates in a global economy marked by supply shortages and rampant inflation. Elevated prices have been compounded by interest rate increases across the industry following the Federal Reserve’s decision last week to raise its benchmark rate by 75 basis points. In this episode of the Weekly Wrap,...

Auto lenders should take a close look at their credit decisioning and dealer relationships following a recent Consumer Financial Protection Bureau (CFPB) bulletin and a decision by the Supreme Court of California. In this episode of the Weekly Wrap, Deputy Editor Amanda Harris, Associate Editor Whitney McDonald and Editor Joey Pizzolato discuss the top stories for the week ended June 10, and in th...

Last week, the Non-Prime Auto Financing Conference in Plano, Texas highlighted cybersecurity needs, potential new opportunities for subprime lenders and the benefits of widening talent pools.

Last week, the Auto Finance News team wrapped up the June issue of its monthly magazine, highlighting the evolution of GM Financial’s floorplan offering that has been a driving force in capturing commercial floorplan penetration at General Motors’ franchise dealerships. In this episode of the Weekly Wrap, Deputy Editor Amanda Harris, Associate Editor Whitney McDonald and Editor Joey Pizzolato disc...

Last week, the Consumer Financial Protection Bureau continued to ratchet up its auto finance industry oversight with a fresh bulletin focused on ancillary product refunds, and the FinovateSpring conference in San Francisco wrapped up last week, highlighting the steps banks are taking to launch digital transformation. In this episode of the Weekly Wrap, the Auto Finance News editors discuss last we...

Automotive retailers Shift and Vroom focused on profitability rather than growth in the first quarter following rising interest rates and declining investor sentiment. In this episode of the Weekly Wrap, Auto Finance News Deputy Editor Amanda Harris and Associate Editor Whitney McDonald discuss last week’s top stories, and what to expect in the week ahead.

Last week, used-vehicle values cooled for the third straight month in a positive sign for the U.S. Labor Department’s forthcoming consumer price index, even as rental companies continue to shake up the used-car market. Still, finance and insurance (F&I) profits at publicly traded automotive retailers continued their upward trajectory as pent-up demand coupled with rising new- and used-vehicle...

Automation, data management and compliance strategies were a focus of discussion last week at the Auto Finance Innovation and Auto Finance Risk Summits in San Diego. In this episode of the Weekly Wrap, the Auto Finance News editors discuss the week’s top stories coming out of the Auto Finance Innovation Summit and the Auto Finance Risk Summit.

Auto finance institutions including Ally Financial, CarMax Auto Finance, Chase Auto, PNC Financial, U.S. Bank and Wells Fargo Auto kicked off 2022 first-quarter earnings reports last week with varying results as vehicle inventory remains crunched. In this episode of the Weekly Wrap, Auto Finance News Deputy Editor Amanda Harris and Associate Editor Whitney McDonald discuss last week’s top stories,...

Last week, Honda Motor Co. added 10-year-old vehicles to its certified pre-owned vehicle platform in an effort to expand its used-vehicle inventory options in an environment plagued with elevated values and crunched inventory. In this episode of the Weekly Wrap, the Auto Finance News editors discuss last week’s top stories and what’s to come in the week ahead.

Powersports lender Octane and manufacturer BRP are leaning into seasonal trends, while inflation concerns continue to present looming uncertainty for the larger economy. In this episode of the Weekly Wrap, the Auto Finance News editors discuss last week’s top stories and what’s to come in the week ahead.

Auto lenders are rethinking how they manage the influx of data coming down the pike as the industry increasingly shifts to digital channels. In this episode of the Weekly Wrap, the Auto Finance News editors discuss last week’s top stories, and what’s to come in the week ahead.

Issues related to the pandemic continue to linger, evidenced by last week’s Federal Reserve rate hike, an influx in fraudulent activity, and suppressed leasing incentives in the automotive lending space. In this episode of the Weekly Wrap, Auto Finance News Associate Editor Whitney McDonald and Editor Joey Pizzolato discuss the week’s top stories and what to expect in the week ahead.

Top takeaways for the auto finance industry from the AFSA Vehicle Finance Conference and CBA Live industry events of last week. In this episode of the Weekly Wrap, Auto Finance News Deputy Editor Amanda Harris and Associate Editor Whitney McDonald discuss the week’s top stories.

 Last week, news on the regulatory front kicked into high gear with the Consumer Financial Protection Bureau (CFPB) signaling it would take an increased focus on illegal auto repossessions and U.S. Senators reintroducing a bill aimed at modernizing e-sign requirements.   Separately, four U.S. Senators reintroduced the E-SIGN Modernization Act designed to eliminate outdated regulations that require...

In a market defined by elevated used-vehicle values and limited new- and used-inventory, both subprime lenders and rental car companies are feeling the pressure. In this episode of the Weekly Wrap, the Auto Finance News editors discuss the March magazine feature stories and what to expect in the week ahead.

Rental car companies are starting to re-enter the auction space through fleet sales and public dealer group trends have surfaced as fourth-quarter earnings come to a close. In this episode of the Weekly Wrap, Associate Editor Whitney McDonald and Editor Joey Pizzolato discuss the week’s top stories and what to expect in the week ahead.

Last week, automotive retailers began reporting their Q4 earnings, with results from Group 1, Lithia Motors and Penske Auto painting a continued picture of increasing finance and insurance profits amid low inventory and floorplan balances. In this episode of the Weekly Wrap, the Auto Finance News editors discuss the week’s top stories and what to expect in the week ahead.

Increased boat prices have yet to deter consumers, evidenced by activity at this year’s New York Boat Show. Powerboat retail sales are expected to exceed 300,000 units at yearend 2021 despite prices escalating 15% to 50% above 2020 values, according to a BMO Capital research note. In this episode of the Weekly Wrap, the Auto Finance News editors discuss fourth quarter earnings reports, and what to...

All reporting publicly traded banks posted decreases in allowance coverage rates in the fourth quarter as strong credit and used-vehicle values propped up the market. In this episode of the Weekly Wrap, the Auto Finance News editors discuss the week’s top stories, and what to expect for the week ahead.

Trends began to surface as fourth-quarter 2021 earnings reports continued to file in during the past week, with Ally Financial, Citizens One Auto Finance and U.S. Bank all posting sequential increases and year-over-year declines for net charge-offs on auto loans. In this episode of the Weekly Wrap, the Auto Finance News editors discuss the week’s top stories, and what to expect for the week ahead.

Fourth-quarter 2021 earnings kicked off late last week with Chase Auto and Wells Fargo Auto reporting split performance on origination volume as delinquencies ticked up across the board. In this episode of the Weekly Wrap, the Auto Finance News editors discuss the week’s top stories, and what to expect for the week ahead.