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 and what to expect in the week ahead.
Sep 18, 2023•8 min•Ep. 197
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 week ahead.
Sep 11, 2023•10 min•Ep. 196
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.
Sep 07, 2023•19 min•Ep. 195
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.
Sep 05, 2023•7 min•Ep. 194
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.
Aug 28, 2023•7 min•Ep. 193
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.
Aug 21, 2023•8 min•Ep. 192
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.
Aug 14, 2023•13 min•Ep. 191
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.
Aug 07, 2023•14 min•Ep. 190
Captives’ second quarter earnings were mixed as rising interest rates push down origination volume and lenders pull back.
Jul 31, 2023•10 min•Ep. 189
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.
Jul 24, 2023•12 min•Ep. 188
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.
Jul 17, 2023•13 min•Ep. 187
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.
Jul 10, 2023•8 min•Ep. 186
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 expect in the week ahead.
Jul 03, 2023•10 min•Ep. 185
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.
Jun 27, 2023•21 min•Ep. 184
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 for the week ending June 23, and what stories to expect in the week ahead....
Jun 26, 2023•11 min•Ep. 183
Loan terms are shortening, leasing is making a return and market share is trending back toward normal breakdowns as interest rate increases slow .
Jun 20, 2023•7 min•Ep. 182
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.
Jun 12, 2023•9 min•Ep. 181
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.
Jun 05, 2023•8 min•Ep. 180
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.
May 30, 2023•10 min•Ep. 179
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.
May 22, 2023•9 min•Ep. 178
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 Nashville, Tenn.
May 15, 2023•10 min•Ep. 177
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.
May 08, 2023•11 min•Ep. 176
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.
May 01, 2023•10 min•Ep. 175
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.
Apr 24, 2023•9 min•Ep. 174
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.
Apr 17, 2023•9 min•Ep. 173
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.
Apr 10, 2023•9 min•Ep. 172
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.
Apr 03, 2023•8 min•Ep. 171
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.
Mar 27, 2023•8 min•Ep. 170
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.
Mar 20, 2023•4 min•Ep. 169
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.
Mar 14, 2023•13 min•Ep. 168
