The Auto Finance Roadmap

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.

With the Federal Trade Commission’s changes to its rules for how financial institutions safeguard consumer data, which went into effect today, auto lenders will need to get moving in order to bring their compliance departments up to the status quo within the next year. In this episode of the Weekly Wrap, the Auto Finance News editors discuss what auto lenders can do to begin preparing for the chan...

Last week, the Auto Finance News editorial team highlighted 2021’s top stories as electric vehicle (EV) manufacturers started posting fourth quarter deliveries, showing year-over-year increases across the board as Q4 comes to a close.

Technology advancements in the auto finance industry have been a top priority for lenders during the last two years, and regulators have also turned their watchful eyes toward the space.

Last week, the asset-backed securities (ABS) market posted its highest volumes since the 2008 credit crisis, Shift technologies ended its search for a wholesale financier, and a powersports lender entered new markets. 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.

Last week, a slew of new monthly macroeconomic mile-markers released, painting a murky picture of the economy’s recovery as new COVID-19 variants continue to disrupt the U.S. 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.

Last week, Exeter Finance expanded its product offering to near-prime while dealers auto dealers continue to flourish in the industry’s new normal. Profitability has continued to increase — especially in the F&I office — but many dealers are concerned that increased profits could spur increased scrutiny from regulators. Meanwhile, OEMs continue to make investments in in-vehicle technologies. I...

In the November episode of the Industry Pulse webinar, Rusty West, president of Market Scan Information Systems, discusses payments-as-a-service and the importance of data as lenders look to capitalize on digitization.

Last week, RumbleOn and Octane Lending sought to increase the reach of their powersports financing products as another auto lender ramped up its presence in the segment. 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 for the week ahead.