Weekly Wrap discussion on earnings, sales
First-quarter earnings continued to bring mixed results as vehicle sales slowed in April.
Apr 29, 2024•4 min•Ep. 227
The Auto Finance Roadmap
Auto Finance News is pleased to present The Roadmap, the podcast on best practices and trending topics in automotive lending and leasing. If you are in auto finance, this is your podcast.
Auto Finance News, published by Royal Media, is the flagship publication for the auto finance industry. Published since 1996, Auto Finance News is the nation’s leading source for news, insights and analysis on automotive lending and leasing.
Auto Finance News offers a Premium subscription service, which includes a monthly newsletter, a weekly email Update, exclusive event discounts, and much more. The Auto Finance News Premium subscription provides its subscribers with valuable data and exclusive market knowledge. Subscribe now to the News That Drives The Industry at https://www.autofinancenews.net/subscribe/.
Auto Finance News produces the following leading industry events: the Auto Finance Innovation Summit, the Auto Finance Risk Summit, and the Auto Finance Summit, the industry’s premier event.
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Episodes
Weekly Wrap discussion on Q1 earnings kickoff
First-quarter earnings kicked off last week with banks reporting a decline in auto originations. Chase Auto and Wells Fargo Auto’s origination volume decreased year over year in Q1, while outstandings were mixed. Meanwhile, auto credit availability improved across all lender types in March.
Apr 15, 2024•5 min•Ep. 226
Weekly Wrap discussion on used-car values, new-vehicle sales
Used-vehicle values declined again in March while car sales improved as the industry shifts toward a buyers’ market.
Apr 08, 2024•4 min•Ep. 225
Weekly Wrap discussion on sales, incentives
The return of higher supply levels is contributing to an uptick in incentives and increased new-vehicle sales projections. Meanwhile, the powersports market is feeling the ramifications of higher interest rates.
Apr 01, 2024•5 min•Ep. 224
Weekly Wrap discussion on capital funding, competition
Auto lenders have been active in the past week in funding initiatives, while competition has ramped up across the market.
Mar 25, 2024•5 min•Ep. 223
Weekly Wrap on powersports, tech investment
Powersports lenders project mixed origination volume in 2024 as credit unions and regional banks pull back in the space and consumer application quality declines. In this episode of the “Weekly Wrap,” Auto Finance News Deputy Editor Amanda Harris and Senior Associate Editor Riley Wolfbauer discuss the top trends during the week ended March 15.
Mar 18, 2024•9 min•Ep. 222
Weekly Wrap on used vehicle values, EVs
Wholesale used-vehicle values ticked down in February while electric vehicle residual values are causing concern for asset-backed securities investors. In this episode of the “Weekly Wrap,” Auto Finance News Deputy Editor Amanda Harris and Senior Associate Editor Riley Wolfbauer discuss the top trends during the week ended March 8.
Mar 11, 2024•8 min•Ep. 221
Weekly Wrap discussion on credit tightening, performance
The auto finance industry continues to face a tightened credit environment, worsening credit performance and recoveries, and shrinking subprime market share as affordability concerns persist.
Mar 04, 2024•9 min•Ep. 220
Weekly Wrap discussion on aftermarket compliance, EVs
Aftermarket product sales have become more crucial for dealerships as vehicle profits decline, prompting the industry to increasingly turn to digital finance and insurance offerings. The ancillary product market is also a hot topic for regulators as the Consumer Financial Protection Bureau and the FTC look closely at how lenders manage the addition of aftermarket products within retail installment contracts and how financiers issue refunds when add-on products are canceled.
Feb 26, 2024•9 min•Ep. 219
Weekly Wrap discussion on auto finance growth, powersports earnings
Auto lenders expect 2024 to be a year of growth driven by technology updates and loosening credit standards. Powersports sales and financing performance are mixed.
Feb 12, 2024•8 min•Ep. 218
Weekly Wrap discussion on GM Financial, CAC earnings
Earnings season continued last week with GM Financial and Credit Acceptance Corp. reporting a rise in originations and worsened consumer credit performance.
Feb 05, 2024•4 min•Ep. 217
Weekly Wrap discussion on Vroom, Sonic Automotive closures
Rising costs and limited supply have created challenges for used-car retailers, evidenced by Vroom’s planned shutdown of its used-car sales and e-commerce business and the closure of several Sonic Automotive-owned dealerships last week.
Jan 29, 2024•10 min•Ep. 216
Podcast: ‘Weekly Wrap’ on mixed Q4 bank earnings
Elevated interest rates contributed to a competitive landscape that prompted some banks to slow auto lending activity in the fourth quarter while others saw growth in origination volume.
Jan 22, 2024•7 min•Ep. 215
Weekly Wrap discussion on Q4 earnings kickoff
Fourth-quarter earnings season kicked off with several banks reporting mixed results in auto originations as some tightened credit and others picked up auto lending activity.
Jan 16, 2024•5 min•Ep. 214
Weekly Wrap discussion on EV tax credit changes
Stricter federal tax credit requirements for electric vehicles have prompted price cuts, incentives, and dealer operation changes. Lower interest rates and low unemployment also drive economists’ prediction of a soft landing in 2024.
Jan 08, 2024•7 min•Ep. 213
‘On the Job’ with CULA’s Mark Chandler
Mark Chandler, vice president for business development at Credit Union Leasing of America, lives and breathes the auto industry and leads his team with an infectious positive energy to create a productive work environment.
Jan 03, 2024•21 min•Ep. 212
Weekly Wrap discussion on 2023 highlights, 2024 expectations
Affordability and profitability were top of mind for auto lenders in 2023, and 2024 is set to be a year of cautious growth as rates come down.
Jan 02, 2024•5 min•Ep. 211
Weekly Wrap discussion on tightened credit, powersports growth
Elevated interest rates and inflationary pressures have prompted auto lenders to tighten credit, leading credit unions to step back and create opportunities for other financiers.
Dec 18, 2023•8 min•Ep. 210
Weekly Wrap discussion on sales, pricing
Incentives and lower monthly payments are helping drive leasing as vehicle sales improved in November. More than 27% of prime and superprime consumers chose to lease their vehicles in Q3, up from about 21% a year earlier, driven by lower payments compared to financed purchases, according to Experian. Deals are also helping prompt leasing, with several OEMs offering low-rate and cash incentives on leases.
Dec 11, 2023•6 min•Ep. 209
'On the Job' with Axos Bank's Anthony Capizzano
When Anthony Capizzano , senior vice president, head of consumer lending at Axos Bank , returned from the U.S. Marine Corps in 1997, he was interested in two jobs: selling cars and selling coffins. The auto industry drew him in, and he has yet to pull away. In this podcast episode, Capizzano speaks with AFN Senior Associate Editor Riley Wolfbauer about how he aligns his team, the lessons he has learned during his career and how he carries himself as a leader....
Dec 06, 2023•19 min•Ep. 208
Weekly Wrap discussion on delinquencies, captive market share
Delinquencies and net losses in the prime and subprime auto asset-backed securities market continued to increase in September, while captive market share of total auto financing reached its highest level in the third quarter since Q1 2018. In this episode of the “Weekly Wrap,” Deputy Editor Amanda Harris and Senior Associate Editor Riley Wolfbauer discuss the top stories for the week ended Dec. 1, and what to expect in the week ahead.
Dec 04, 2023•7 min•Ep. 207
Weekly Wrap discussion Toyota CFPB oversight, subprime credit tightening
The Consumer Financial Protection Bureau continued to focus on the sale of ancillary products to consumers, fining Toyota Motor Credit Corp. $60 million for violations related to ancillary products and bad data reporting to credit agencies. In this episode of the “Weekly Wrap,” Deputy Editor Amanda Harris and Senior Associate Editor Riley Wolfbauer discuss the top stories for the week ended Nov. 24, and what to expect in the week ahead....
Nov 27, 2023•6 min•Ep. 206
Weekly Wrap discussion on subprime market
Higher interest rates are just one challenge facing consumers and affecting their ability to make their car payments. Auto lenders are tightening credit and the whole industry is keeping a close eye on delinquencies and rising defaults.
Nov 20, 2023•13 min•Ep. 205
Weekly Wrap on subprime financing, affordability
Affordability, credit performance, cost of funds and regulatory compliance are top of mind for subprime auto lenders as inflationary pressures further squeeze consumers’ wallets.
Nov 13, 2023•7 min•Ep. 204
Weekly Wrap on Auto Finance Summit 2023
Auto lenders homed in on subprime financing, liquidity management, technology and vehicle pricing last week during Auto Finance Summit 2023.
Nov 06, 2023•9 min•Ep. 203
Weekly Wrap on earnings, subprime ABS
Third-quarter earnings season continued last week with Ally Financial, Bank of America, Citizens, Fifth Third, Huntington Bank, Truist and U.S. Bank all reporting. In this episode of the “Weekly Wrap,” Deputy Editor Amanda Harris and Senior Associate Editor Riley Wolfbauer discuss the top stories for the week ended Oct. 20, and what to expect in the week ahead.
Oct 23, 2023•7 min•Ep. 202
Weekly Wrap on start of Q3 earnings
Chase Auto , PNC Financial and Wells Fargo kicked off third-quarter earnings season last week with mixed results, while consumer credit availability improved in September. In this episode of the “Weekly Wrap,” Deputy Editor Amanda Harris and Senior Associate Editor Riley Wolfbauer discuss the top stories for the week ended Oct. 13, and what to expect in the week ahead.
Oct 16, 2023•9 min•Ep. 201
Weekly Wrap on used vehicles, fraud, capital markets
Credit unions have tapped into the auto asset-backed securities market to raise capital amid liquidity concerns, while used-vehicle values inched up sequentially in September. In this episode of the “Weekly Wrap,” Deputy Editor Amanda Harris and Senior Associate Editor Riley Wolfbauer discuss the top stories for the week ended Oct. 6, and what to expect in the week ahead.
Oct 09, 2023•7 min•Ep. 200
Weekly Wrap on Q3 sales, UAW strike, EVs
Third-quarter new vehicle sales are forecast to finish higher year over year after a strong September while the United Auto Workers strike against Ford Motor Co. , General Motors Co. and Stellantis NV has looming implications on supply and pricing. In this episode of the “Weekly Wrap,” Deputy Editor Amanda Harris and Senior Associate Editor Riley Wolfbauer discuss the top stories for the week ended Sept. 29 and what to expect in the week ahead....
Oct 02, 2023•7 min•Ep. 199
Weekly Wrap on market share, interest rates, Carvana
Rising interest rates have prompted shifts in market share and affordability concerns across the auto finance industry, while several auto lenders issued auto asset-backed securitization deals during the past few weeks.
Sep 26, 2023•4 min•Ep. 198
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