Podcasts by The Auto Finance Roadmap

Weekly Wrap discussion on Q3 earnings close, AFS from 2022-11-07T21:09:54

In this episode of the Weekly Wrap, Editor Joey Pizzolato and Associate Editor Riley Wolfbauer discuss the week’s top stories, and what to expect in the week ahead.  

Weekly Wrap on the Auto Finance Summit from 2022-10-31T21:06:03

In this episode of the Weekly Wrap, Deputy Editor Amanda Harris and Associate Editor Riley Wolfbauer discuss trends from the Summits. 

Weekly Wrap on Q3 earnings, Auto Finance Summit preview from 2022-10-24T05:00

Bank of America, Chase Auto, Citizens Bank, Fifth Third Bank, Huntington Bank, PNC Financial...

Weekly Wrap discussion on Q3 earnings kick off  from 2022-10-17T21:06:58

Third-quarter earnings season kicked off last week, painting yet again another dismal outlook for the auto finance industry. Chase Auto and Wells Fargo Auto reported origination volume declines ...

Weekly Wrap on used-vehicle market, diminishing demand from 2022-10-10T21:10:50

Used-vehicle values continue to stabilize amid slowing sales and a dip in consumer demand. At the same time, rising interest rates and a lack of used-vehicle supply are making it challenging for...

Listen: Dialing up fraud from 2022-10-03T23:10:34

For the last two months, the Auto Finance News editorial team has been investigating income and employment loan fraud and efforts by scammers to sell credit privacy numbers, fake pay st...

Weekly Wrap on floorplan, inventory and automation  from 2022-09-26T23:13:45

The auto finance landscape continues to evolve in the wake of rising interest rates, elevated vehicle prices and long-running supply shortages.

Last week, the Bank Automation Summit shed l...

Weekly Wrap on credit disputes and FinovateFall from 2022-09-19T21:58:24

Last week, FinovateFall in New York City was in full swing, bringing together fintechs and financial institutions for three days of technology demos, panel discussions and fireside chats, and the C...

Weekly Wrap on sliding car sales, affordability  from 2022-09-12T21:47:07

Solera, a Westlake, Texas-based vehicle lifecycle management solution provider, has partnered with fintech DigniFi to allow consumers to finance between $350 and $7,500 for vehicle repairs and m...

Weekly Wrap on shifting dynamics in auto finance from 2022-09-06T22:02:46

Last week, credit unions continued on a steady march to claim more market share, reaching a five-year high amid limited inventory and rising interest rates as the auto finance industry continues to...

Weekly Wrap on Santander lawsuit and powersports from 2022-08-29T19:53:13

This week brought a range of activity in the auto finance industry, with Elliot International suing Santander Holdings USA (SHUSA) following the company’s acquisition of Santander Consumer USA, whi...

Weekly Wrap on the newest tech investments, partnerships from 2022-08-22T20:59:55

Technology investments in the auto finance industry showed no signs of slowing last week as more lenders announced new partnerships and internal overhauls.  In this episode of the Weekly Wrap, the ...

Navigating data privacy from 2022-08-16T21:48:53

The landscape of data privacy is changing on the heels of the Federal Trade Commission’s (FTC) amendments to the Gramm-Leach Bliley Act (GLBA) and as states enact their own data...

Weekly Wrap on tech, leasing moves in auto finance from 2022-08-15T21:36:14

Auto lenders continued their investment in technology advancements as the industry leans into widespread digitization amid uncertain economic conditions. In this episode of the Weekly Wrap, the Aut...

Weekly Wrap on credit availability, used vehicles  from 2022-08-08T21:55:29

Last week the auto finance industry entered the tail end of second-quarter earnings season as used-vehicle values depreciated for the second straight month and the unemployment rate remained str...

Weekly Wrap on Ford, GM and powersports earnings from 2022-08-01T21:42:27

Earnings season continued in full swing last week, with two major powersports OEMs and two U.S.-based captives reporting second-quarter results. In this episode of the Weekly Wrap, the Auto Finance...

Weekly Wrap on Q2 pullback in auto from 2022-07-25T20:31:19

Ally Financial, Bank of America, Capital One, Huntington Bank and Truist posted auto loan growth, while U.S. Bank, Citizens and Fifth Third Bank logged sequential declines in outstandings. Capit...

Weekly Wrap on Q2 earnings season kicks off from 2022-07-18T19:36:31

Last week, second-quarter earnings season kicked off with Chase Auto, PNC Financial and Wells Fargo Auto reporting drops in auto loan production, painting a less-than-optimistic outlook for the ind...

Weekly Wrap on auto ABS, used-vehicle values and CPS’ credit facility from 2022-07-11T21:39:58

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 a...

Weekly Wrap on FTC junk fees and electric vehicle lease buyouts from 2022-07-06T21:02:28

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...

Weekly Wrap on Ford Credit debt exposure reduction, declining SAAR   from 2022-06-27T21:16:09

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...

Weekly Wrap on inflationary impacts in auto finance from 2022-06-21T21:00:31

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 ...

Weekly Wrap on auto lender compliance and longer-term loans in Q1 from 2022-06-13T21:25:11

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 Cour...

Weekly Wrap on cybersecurity, subprime lending and remote work from 2022-06-06T20:48:29

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.

Weekly Wrap on GM Financial’s floorplan offerings and today’s car-buying experience from 2022-05-31T20:57:32

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 c...

Weekly Wrap: CFPB oversight and fintech advancements from 2022-05-23T21:28:10

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 co...

Weekly Wrap: E-commerce retailers focus on cost reduction in Q1 from 2022-05-16T21:05:07

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...

Weekly Wrap: Drilling down on used-vehicle values, inflation and powersports earnings from 2022-05-09T19:13:35

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...

Weekly Wrap: Top takeaways from AFIS and AFRS 2022 from 2022-05-02T21:49:07

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 ...

Weekly Wrap on the start of Q1 2022 earnings from 2022-04-18T21:30:43

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 vary...

Weekly Wrap on used-vehicle values as demand holds strong from 2022-04-11T20:32:07

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 v...

Weekly Wrap on powersports seasonality and inflation from 2022-04-04T21:54:03

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 Week...

Weekly Wrap discussion on data management amid digital shift from 2022-03-28T20:14:42

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 New...

Weekly Wrap on increased interest rates, leasing trends and fraud from 2022-03-21T20:47:04

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 ...

Weekly Wrap: Takeaways from AFSA and CBA Live from 2022-03-15T20:54:29

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 A...

Listen: Weekly Wrap discussion on spring events season from 2022-03-07T18:29:25

 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...

Weekly Wrap on the state of subprime and rental markets from 2022-02-28T21:09:16

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,...

Weekly Wrap discussion on F&I trends and the rental car market from 2022-02-22T19:48:59

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: Automotive retailers' Q4 earnings kick off from 2022-02-14T22:14:48

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 ...

Weekly Wrap: Discussion on marine market updates and captive quarterly takeaways from 2022-02-07T21:38:26

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 price...

Weekly Wrap rounds up Q4 earnings from 2022-01-31T21:30:24

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 ...

Weekly Wrap: Q4 earnings results and trends from 2022-01-24T22:02:29

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 increa...

Weekly Wrap: Q4 earnings kick off with Chase Auto and Wells Fargo Auto from 2022-01-18T21:36:07

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 ep...

Weekly Wrap: Preparing for changes to the Gramm-Leach-Bliley Act from 2022-01-10T21:48:55

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...

Weekly Wrap: 2021’s top stories and Chinese Q4 deliveries from 2022-01-03T22:42:50

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 acr...

Industry Pulse: New technologies raise regulatory concerns, McGlinchey experts say from 2021-12-22T09:30

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.

Weekly Wrap: Capital funding and powersports trends from 2021-12-20T22:04:19

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 ...

Weekly Wrap: Conflicting economic trends and auto finance outlook from 2021-12-13T20:45:06

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: OEM technologies and dealership trends from 2021-12-06T21:32:23

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 — especia...

Market Scan’s Rusty West talks payments as a service: Industry Pulse from 2021-11-29T23:08:11

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 capita...

Weekly Wrap: Powersports lenders eye expansion from 2021-11-22T18:17:02

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 Week...

Weekly Wrap discussion of automation and AI dividends in Q3 earnings from 2021-11-15T22:51:23

Third-quarter earnings wrapped up last week, highlighting the importance of direct-from-consumer vehicle purchases to combat inventory challenges and the opportunities automation provides for growt...

Weekly Wrap: Industry execs receive Auto Finance Excellence Awards from 2021-11-08T22:29:27

The 2021 Auto Finance Excellence Awards were presented Oct. 28 at the Auto Finance Summit in Las Vegas as industry executives and automotive lenders were recognized for their notable efforts in com...

Weekly Wrap: Takeaways from the Auto Finance Summit from 2021-11-01T22:16:29

During last week’s 2021 Auto Finance Summit, industry executives shared updates on return-to-office plans, future changes to the auto market, continued fallout from the inventory shortage and co...

Weekly Wrap: Q3 earnings highlight supply shortage, consumer demand from 2021-10-22T21:51:20

At Ally Financial, for one, floorplan fell 8.4% YoY and 2.4% from the second quarter to $7.6 billion. 

Ally joins a growing list of lenders this quarter to post some of the highest origina...

Weekly Wrap: Q3 earnings bring floorplan declines, strong consumer originations from 2021-10-18T17:52:46

This week brought a closer look at third-quarter earnings at some of the largest banks, painting a picture of how supply constraints are shaping financial institutions’ performance. Both Bank of...

Weekly Wrap: Q3 earnings predictions from 2021-10-11T22:10:59

Last week, new September data points in unemployment, used-vehicle values and new-vehicle sales painted a less-than-optimistic picture of what’s to come during the third-quarter earnings season ...

Weekly Wrap: Inside Rivian’s IPO from 2021-10-05T14:20:16

Last week, electric vehicle manufacturer Rivian unsealed its initial public offering filing with the U.S. Securities and Exchange Commission, which brought to light further details on its financing...

Weekly Wrap: New-vehicle sales decline, legal woes plague subprime lender from 2021-09-27T20:51:36

In an August poll by Kelley Blue Book, 48% of consumers indicated they will wait at least three months to purchase a new car, up from 37% in a similar study in May. As a result, new-vehicle sale...

Weekly Wrap: Credit union trends and the risk of complex tech stacks from 2021-09-20T21:47:42

Last week, the Auto Finance News team examined credit union trends in auto finance and attended the 2021 FinovateFall, the latter of which highlighted a handful of promising startups. Auto financie...

Weekly Wrap: Eyeing vehicle values, funding and digital adoption from 2021-09-13T21:02:04

Used-vehicle prices have begun to stabilize in part due to increased inventory, but the trend is likely to be short-lived as wholesale prices increased 0.6% in August as manufacturers are callin...

Weekly Wrap: Rise of new partnerships, acquisitions from 2021-09-07T17:31:17

Stellantis N.V. agreed to acquire F1 Holdings Corp., the parent company of Houston, Texas-based subprime lender First Investors Financial Services Group, in a step toward establishing the compan...

Weekly Wrap: Tight supply brings new norms in automotive and powersports industries from 2021-08-30T20:00:54

Pandemic-related inventory constraints continue to force automotive and powersports OEMs, dealers, lenders and consumers to adapt, with some OEMs, such as General Motors, announcing that low inv...

Weekly Wrap: Powersports dealers adapt to low inventory from 2021-08-23T22:22:45

The powersports finance industry is facing many of the same challenges as auto, including a lack of new supply due to the chip shortage, production constraints and high consumer demand. Powersports...

Weekly Wrap: Auto lenders eye low cost of funding, rideshare rebound, return to office from 2021-08-17T22:22:45

Consumer Portfolio Services, for one, benefited from the low cost of funding on the asset-backed securities market, selling on June 30 $50 million in 7.86% notes backed by residual interests ret...

Weekly Wrap: Descending used-vehicle values and an influx of funding from 2021-08-09T21:32:02

The auto finance industry is poised for change as used-vehicle values declined for the second straight month following nearly a year of record increases. Meanwhile, the industry also saw an influx ...

Weekly Wrap: Lenders find new ways to combat low inventory from 2021-08-02T22:16:18

Squeezed inventory could mark a shift in the auto finance industry as OEMs look for alternative ways to meet consumer demand. Ford Motor Chief Executive James Farley, for one, said during the comp...

Weekly Wrap: Q2 earnings brings recoveries on NCOs, auto book growth from 2021-07-26T22:55:50

Several auto lenders have benefited from positive recoveries and growth in their auto portfolios during the second quarter of 2021. In this episode of the Weekly Wrap, Associate Editor Amanda Harri...

Weekly Wrap: Q2 earnings season kicks off from 2021-07-19T17:53:23

Last week, second-quarter earnings season kicked off, with Bank of America, Chase Auto, Truist Bank, U.S. Bank and Wells Fargo Auto all reporting growth in auto loan volume and strong credit perfor...

Weekly Wrap: Santander Consumer’s potential acquisition and used vehicle values from 2021-07-12T20:16:18

Last week, used-car values began to cool after meteoric rises over the past five months set new records for the Manheim Index and drove up the country’s inflation figure. Meanwhile, the Auto Financ...

Weekly Wrap: Exeter acquisition and revised June SAAR from 2021-07-06T21:32

Last week, subprime lender Exeter Finance announced it will be acquired yearend 2021 by private equity firm Warburg Pincus from a fund managed by Blackstone, which has owned 91.26% of Exeter since ...

Weekly Wrap: CarMax reaps the benefits of lower cost of funds, investment in auto finance ramps from 2021-06-28T21:56:37

The auto finance industry has in many ways benefited from a combination of lower funding costs and pricier cars, but ancillary service providers are feeling the pinch of rising product costs. CarMa...

Weekly Wrap: Cryptocurrency 101 for auto lenders, and asset recovery from 2021-06-21T19:29:23

Last week’s look at the asset recovery industry showed that repossession companies have yet to see repo volume return to pre-pandemic levels. Meanwhile, blockchain and cryptocurrency company Carnom...

Weekly Wrap: CUs put increased deposits to work in auto from 2021-06-14T19:46:59

Last week, credit unions once again took center stage, with CU Loan Direct posting 100% year-over-year origination growth as the company expands into new markets and increases the number of partici...

Weekly Wrap: How long can used-vehicle values stay elevated? from 2021-06-08T21:15:39

This week, the Manheim Used Vehicle Value Index reached 203.3, the highest in its history and the first time it has ever surpassed the 200 mark, reigniting affordability concerns as new-vehicle inv...

Weekly Wrap: Declining vehicle demand, increased NCOs may be on the horizon from 2021-06-01T16:56:16

The average listing price on used vehicles surpassed $22,000 in April for the first time ever as inventory sat at 35 days’ supply. Eventually, prices may become too high to entice consumers to p...

Weekly Wrap: Can e-commerce momentum continue? from 2021-05-24T14:00

Last week, the Auto Finance News team rounded out the last of first-quarter earnings results from online retailers Carvana, Vroom and Shift Technologies, all of which posted continued growth on the...

Weekly Wrap: Top takeaways from the Auto Finance Risk Summit from 2021-05-17T18:15:27

Last week, the Auto Finance News team wrapped up its final event of the spring season, the Auto Finance Risk Summit. Auto lenders from all corners of the industry cited growing affordability concer...

Weekly Wrap: Navigating looming risk factors during COVID-19 recovery from 2021-05-10T18:48:16

Rebounding origination volumes, improving recovery rates and strong credit performance have defined the auto finance industry’s first quarter of 2021 for many lenders, but risks related to unuse...

Weekly Wrap: A look at COVID recovery in Q1 2021 from 2021-05-04T21:44:28

The first quarter of 2021 has proved a bright spot after many months of stressed vehicle sales due to the COVID-19 pandemic. Multiple auto lenders saw their auto books reach new levels in Q1 as tig...

Weekly Wrap: EV financing trends and auto’s post-pandemic resurgence from 2021-04-26T20:31:22

Last week, an Auto Finance News analysis provided a window into electric vehicle financing trends financed on Vroom’s platform, and more banks, such as Fifth Third, PNC Financial and Citizens Bank,...

Weekly Wrap: Q1 2021 earnings point to auto’s further recovery from 2021-04-20T18:55:27

Last week, publicly-traded banks started releasing their earnings reports, and once again, performance remains strong this quarter. Optimism is running high as last week’s jobless claims fell by...

Weekly Wrap: Tackling compliance ambiguities in auto finance from 2021-04-12T20:35

The auto finance industry has recently seen the removal of certain ambiguities in compliance and regulation practices.

The U.S. Supreme Court, for one, clarified the definition of an autom...

Examining effective specialty recovery processes in auto finance from 2021-04-12T17:33:53

Lenders are coming face to face with the ever-growing need for a strategy for effective specialty recoveries, and no two auto lenders are alike. Auto portfolios have unique complexities and process...

Weekly Wrap: Inventory woes ripple into incentive spending, monthly payments from 2021-04-05T21:33:41

Last week, the Auto Finance News editorial team examined the decrease in incentive spend in February and rising monthly payments in the new- and used-vehicle market, two trends that are likely to c...

Weekly Wrap: Pass-through agreements and the upside of chip shortages from 2021-03-30T00:10:15

Last week, Global Lending Services entered into a pass-through agreement with Nissan Motor Acceptance Corp., and a report from Moody’s Investors Services outlined the upside of the semiconductor ch...

Weekly Wrap: Where do EV batteries fit into auto finance? from 2021-03-22T22:28:04

Last week’s Auto Finance Innovation Summit brought the nation’s top lending and leasing executives together to discuss the changing role technology plays in the customer journey. And while many agr...

Weekly Wrap: How significant are affinity partnerships in auto finance? from 2021-03-16T12:50:07

Last week, Navy Federal Credit Union, the nation’s largest credit union in auto loan volume, announced a new affinity partnership that allows it access to digital retailer TrueCar’s online marketpl...

Weekly Wrap: Inside auto refinance trends from 2021-03-08T19:21:57

Last week, Amanda Harris took a deep dive into the growing trend of digital refinancing in our March cover story, “Auto refinance enters the spotlight,” examining the driving forces behind the rece...

Weekly Wrap: An all-in interest rate cap looms, inclusive lending in the spotlight from 2021-03-02T17:36:50

Regulatory changes have long been expected with the administration change in Washington, D.C. As the dust beings to settle on the transition, new priorities for Democrats on Capitol Hill are becomi...

What will it take to prop up subprime auto originations? from 2021-02-22T21:49:48

Subprime origination volume in the third quarter of 2020 continues to lag behind 2019 levels, driven by tightened credit boxes and inventory shortages, even as many lenders turn to digital financin...

Q4 earnings wrap on a positive note, dealers prioritize digital at NADA Show from 2021-02-17T01:11:11

Last week, GM Financial joined Ally Financial and Chase Auto in reporting the surge in fourth-quarter originations that pushed the lenders’ yearend into positive territory. Meanwhile, the virtual N...

Harley, Truist eye new initiatives as loan performance wavers from 2021-02-09T14:10:35

Last week’s earnings reports in the auto finance industry were marked by new initiatives from Harely-Davidson and Truist Bank, and signs from Santander Consumer USA and Capital One Auto Finance tha...

Weekly Wrap: Q4 earnings and credit access trends from 2021-02-04T18:30:56

ecent fourth-quarter earnings from some of the biggest players in the auto finance industry paint mixed results in loan performance and origination growth. U.S. Bank, for one, saw an uptick in d...

Weekly Wrap: Auto lenders eye growth through innovation from 2021-01-20T14:33:40

Several auto lenders last week announced innovative ways to expand or improve their business. Chase Auto, for one, has joined with electric vehicle manufacturer Rivian, forming Rivian Financial Ser...

Weekly Wrap: Riots, credit performance and inventory from 2021-01-15T22:49:53

As the country prepares for a shift in leadership, the industry is looking ahead to 2021 and making predictions. Cox Automotive, for one, expects to see tight supply, low interest rates and incr...

Weekly Wrap: Flagship Credit, Vroom forge new partnerships from 2020-12-21T17:30:32

The auto finance industry saw multiple partnerships take hold last week. Flagship Credit Acceptance partnered with Pagaya, a fintech asset manager, to add a loan-to-value program to its financin...

Weekly Wrap: 2021 origination growth and rising fraud from 2020-12-14T22:34:22

The first half of 2021 is projected to see increased auto originations as the world prepares for the launch of the COVID-19 vaccine as well as car sales driven by pent-up demand and improved inv...

Weekly Wrap: Dwindling subprime, falling interest rates and AFN’s Executive of the Year from 2020-12-07T22:23:16

Last week, Auto Finance News announced that its second annual Auto Finance Executive of the Year Award goes to Ravi Raghu, executive vice president of Capital One Auto Finance’s Auto Dealer busines...

Weekly Wrap: A budding leasing trend and the state of auto ABS from 2020-11-24T14:50:28

Last week, the Auto Finance News team highlighted an uptick of low-mileage lease options as consumers change their driving habits, which could have lasting implications for both consumers and lesso...

Weekly Wrap: Spotlight on used vehicles from 2020-11-09T14:00

Last week, used-car values in the Manheim Used Vehicle Value Index increased once again after a month of decline back toward normal seasonality. Used-vehicle values have squeezed some consumers on ...

Weekly Wrap: Recovery momentum builds in latest Q3 earnings from 2020-10-30T16:25:48

This week, the Auto Finance News team took a deep dive into third-quarter earnings for auto lenders and found that, overall, the industry is seeing further signs of recovery.  In this e...

Weekly Wrap: Industry pushes forward with cautious optimism from 2020-10-23T21:18:42

This week, the Auto Finance Summit was in full swing, and a resounding theme among executives in the industry was one of cautious optimism. Initial forecasts surrounding the fallout of the coronavi...

Weekly Wrap: Q3 earnings kick off from 2020-10-16T16:34:08

This week, the Auto Finance News team discussed third-quarter earnings for some of the major publicly traded banks, and found some positive trends. In this edition of the Weekly Wrap, A...

Weekly Wrap: The auto finance industry’s future from 2020-10-02T16:46:48

Auto finance industry professionals are keeping a close eye on demand for new and used vehicles, digital tool adoption and potential leadership changes at the Consumer Financial Protection Burea...

Weekly Wrap: Regulators step up enforcement from 2020-09-25T16:58:14

This week, the Consumer Financial Protection Bureau announced an uncharacteristic enforcement action against subprime lender Lobel Financial, columnist Marcie Belles penned an analysis on regulator...

Weekly Wrap: Auto lenders get creative from 2020-09-18T16:17:50

Auto lenders continue to experience ups and downs through the COVID-19 pandemic, and it’s becoming clearer by the week what changes are in store for the industry. Still, industry players have fo...

Weekly Wrap: Auto industry continues recovery from 2020-09-11T16:53:18

This week, the auto finance industry may be reaping the benefits of lenders and dealers adapting to offer Listen

Weekly Wrap: Signs point to recovery from 2020-09-04T18:35:48

This week, all signs point to the continued recovery of the auto finance sector as the unemployment rate dipped to 8.4% and consumers continued to make partial payments on loans in extensions status.

Weekly Wrap: Auto industry pulls back on consumer assistance from 2020-08-28T13:00

This week, the auto industry is eyeing potential increases in delinquency rates as long-term deferrals come to an end. Since the COVID-19 pandemic hit the country in March, lenders have made it a p...

Weekly Wrap: digital financing, auto ABS and subprime rates from 2020-08-21T18:02:10

This week, the news cycle was dominated by the Democratic National Convention and former Vice President Joe Biden’s presidential nomination amid increasing jobless claims following two straight wee...

Weekly Wrap: Carvana, the refi market and compliance from 2020-08-14T13:00

This week, Carvana reported that it was maintaining its tighter credit underwriting policies, an emerging trend Auto Finance News first reported last week in the Federal Reserve’s senior loan offic...

Weekly Wrap: Ford Credit earnings and compliance experts on best practices from 2020-08-07T16:55:14

This week, Ford Motor Credit propped up Ford Motor Co.’s Listen

Weekly Wrap: The tail end of Q2 earnings from 2020-07-31T20:35:47

This week, second-quarter earnings wrapped up on a positive note with presentations from GM Financial, Santander Consumer USA and Harley-Davidson. An Auto Finance News analysis also found that Carv...

Weekly Wrap: subprime performance and captives’ market share from 2020-07-24T20:05:44

This week, the Auto Finance News team took a deep dive into how the pandemic is affecting subprime lenders. Auto, however, may shine bright in the coming months. Capital One saw an increase in auto...

Weekly Wrap: second-quarter earnings season kicks off from 2020-07-19T12:22:06

This week Bank of America, Chase Auto, PNC Financial, U.S. Bank and Wells Fargo Auto all reported increases in allowances for credit losses despite a dip in delinquencies and charge-off rates, a tr...

Fintech, CFPB complaints and vehicle values: a closer look from 2020-07-10T19:41:52

This week, Auto Finance News took a deep dive into the driving factors behind the goals of two fintech lenders entering the auto finance space on the heels of pandemic-driven growth. We also looke...

Is innovation becoming a revitalized focus in auto finance? from 2020-06-26T12:00

This week was ripe with news on the innovation front, as Ford Credit outlined the details of its new financing product, the Ford Option, and Upgrade, a personal loan fintech, has plans to enter the...

Weekly Wrap: Pandemic car buying, mid-June gains, and rising fraud from 2020-06-19T14:00

This week, the Auto Finance News team took a hard look at what the car buying and financing experience was like for consumers and dealers at the height of the pandemic, explored recovering used-veh...

Weekly Wrap: Eyes on delinquencies, incentives and a new IPO from 2020-06-12T08:00

his week, all eyes were on first-quarter delinquency rates, incentives, and Vroom's IPO.

Weekly Wrap: May sales figures hint at promising gains for the auto industry from 2020-06-05T15:00

This week, OEMs’ monthly sales figured pointed toward promising signs of recovery in the new-vehicle market, with American Honda, Mazda and Hyundai all reporting improvements on a month-over-month ...

Weekly Wrap: COVID-19 pressures used market, ABS deals from 2020-05-15T15:00

This week, the potential bankruptcy news of rental car conglomerate Hertz shook the industry as the liquidation of its fleet, combined with an influx of off-lease vehicles, could flood the used-veh...

Weekly Wrap: GDP contraction signals recession, lenders stock up on cash from 2020-05-01T13:45

This week, news of a 4.8% contraction in the nation’s gross domestic product in the first quarter signaled a recession brought on by the economic fallout of COVID-19, and auto lenders are stocking ...

Weekly Wrap: Banks stock up on capital, vehicle values plummet from 2020-04-24T12:30

In the second week of first-quarter earnings season, Ally Financial reported the addition of $2.8 billion to its retail auto reserves, joining last week’s reporters, including Bank of America, JP M...

Weekly Wrap: Earnings season kicks off, COVID-19 spurs increased reserves from 2020-04-17T11:00

First-quarter earnings season kicked off with JPMorgan Chase, Wells Fargo, Bank of America and Consumer Portfolio Services reporting increased loss reserves as the COVID-19 economic crisis continue...

Regulatory risks in providing coronavirus-based payment deferrals from 2020-04-15T14:00

The coronavirus outbreak has resulted in an economic recession spurred by shelter-in-place orders that have shuttered doors for nonessential businesses, including most car dealerships. During a com...

Filling the gap in servicing, collections with data-driven technology from 2020-02-26T11:15

During the past ten years, lenders have focused on improving data-driven technology on the origination side, yet that same technology hasn’t been as actively applied to the servicing and collection...

Measuring and mitigating fraud risk from 2020-01-28T17:00

As auto lenders look to technology to scale and grow their businesses, the susceptibility to fraud grows. Technology can help lenders catch fraud, and detection can be achieved at a greater scale w...

PenFed outlines strategies for perfecting the digital customer journey from 2019-12-19T13:00

When it comes to customer service, auto lenders are constantly being compared with companies like Amazon that deliver an easy-to-use — digital — customer service experience. Today, consumers expect...

Creating a personalized approach to customer communication from 2019-12-17T10:00

Gone are the days of reaching out to customers solely via mail or phone. WhatsApp, Facebook Messenger, and live chat are quickly gaining popularity as channels of choice among customers seeking sup...

Innovative uses for AI in auto finance from 2019-11-18T12:00

The term artificial intelligence has been around for decades, and recently the technology has become a part of the auto finance industry — infiltrating lenders’ underwriting processes, loan payment...

Episode 23: Veros Credit outlines steps to prepare for CFPB's revised debt collection rule from 2019-10-01T10:00

While the Consumer Financial Protection Bureau mulls industry feedback on its proposed amendments to the Fair Debt Collection Practices Act, lenders should be proactive in their...

Episode 22: Looking Beyond the Traditional Credit Score from 2019-08-19T16:45:36

Emerging financier Lendbuzz is using learning algorithms to tap into a population of 45 million potential auto loan customers. Rather than rely on traditional credit scores, Lendbuzz analyzes educa...

Episode 21: Social Media Do’s and Don’ts in Auto Finance from 2019-07-16T15:06:27

Engaging with prospective and existing customers through social media is becoming a topic of increasing interest in the auto finance industry, but many questions remain when it comes to how — and i...

Episode 20: Building and Retaining Customer Loyalty in the Digital Age from 2019-06-27T16:21:51

Technology is playing a more prominent role in auto financing as car buyers increasingly look for lenders to provide digital options for communication and payment. Today, customers expect content t...

Episode 19: Sharpening Decisions With Alternative Data from 2019-05-30T17:18:49

Auto lenders are increasingly relying on nontraditional data as they hone underwriting to gain a competitive edge. Alternative data can open the door to unbanked and under-banked consumers, enablin...

Episode 18: Information Security Questions Every Lender Should Answer from 2019-05-06T14:03:56

Stiffer regulatory oversight of information protection practices has spurred lenders to reevaluate the way they collect and use personally identifiable consumer data. In this episode of The Roadmap...

Episode 17: Chase Exec Outlines the Intersection Between Women, Marketing, and Auto Finance from 2019-04-24T14:18:16

Successful marketing hinges on knowing what consumers want — and part of that is knowing who your customers are. In this episode of The Roadmap, Auto Finance Excellence talks with Chase Auto's Chie...

Episode 16: How Lenders Can Take Advantage of Mobility as a Service from 2019-02-28T15:12:05

The carshare and rideshare markets are gaining traction, and financiers must adapt their strategies or risk getting left behind. In this episode of The Roadmap, Auto Finance Excellence talks with B...

Episode 15: CU Direct Offers Tips for Origination Growth Despite Looming Economic Downturn from 2018-12-03T18:55:16

Though credit unions have thrived in the current auto finance market, CU Direct is warning the 1,100 lenders on its platform to remain cautious as near-term macroeconomic factors -- like rising int...

Episode 14: Ally Exec Outlines How Lenders Can Navigate the Challenges of Unintentional Bias from 2018-09-18T20:20:02

Though regulators have relaxed discriminatory lending rules, auto lenders are stepping up diversity education. Ally Financial, for one, is bolstering training efforts to reduce unintentional snap j...

Episode 13: Ramping Up Operations With an Eye Toward Acquisition from 2018-08-29T14:26:01

If there is one lesson Westlake Financial Services has learned since it started purchasing portfolios back in 2011, it’s to be prepared for hiccups along the way. Proactive communication and proced...

Best Practices For Automotive Lending in China from 2018-08-14T14:05:25

Whether you’re lending in Los Angeles or Shanghai, some auto finance fundamentals stay the same. Chas Roscow is an industry veteran with more than 35 years of experience in the space and he joins A...

Episode 12: How to Incorporate Diversity and Inclusion Practices in the Workplace from 2018-07-25T17:37:36

Collaborative corporate strategy, healthy relationships with other businesses, and opportunities that enable colleagues to fully express themselves are just a few of the benefits that come with a w...

Episode 11: Navigating and Strengthening Lender-Startup Partnerships from 2018-06-22T16:17:05

Strategic partnerships are at risk of being marred by culture clash, when the turn-on-a-dime mentality of a startup challenges the red-tape decision-making of larger finance companies. In this epis...

Episode 10: How to Embrace AI to Improve Originations from 2018-06-11T15:36:29

As auto lenders struggle to integrate artificial intelligence into origination models, powersports lessor MotoLease has fully embraced the technology. In this episode of The Roadmap, MotoLease Chie...

Episode 9: Randolph-Brooks Federal CU Details the Relationship Between Customer Service and Growth from 2018-04-30T14:42:01

As credit unions continue to seize auto financing marketshare, knowing how they position themselves for success is key to understanding their growth. In this episode of The Roadmap, Sonya McDonald,...

Episode 8: What the FTC Says Should Be on the Auto Industry’s Radar from 2018-03-29T14:25:16

With lingering uncertainty over what will become of the CFPB and unconfirmed appointees to the Federal Trade Commission, lenders’ compliance obligations are in flux. In this episode of The Roadmap,...

Episode 7: How ABS Credit Enhancements Are Masking Subprime Risk from 2018-02-26T16:53:38

As multiple subprime auto securitizers come to the market with lower average Fico scores, longer terms, and higher loan-to-value ratios than their previous issuances, many of these deals are being ...

Episode 6: How AutoGravity’s New CTO Is Tackling ‘Blocking Points’ from 2018-01-23T14:53:16

From new security features to 3-D images and biometrics, AutoGravity has several technology development projects on its roadmap this year, according to the online auto finance company’s new Chief T...

Episode 5: Why Alternative Deal Structures Are Gaining Momentum from 2017-12-20T20:10:33

Alternative deal structures — in which lenders can offer potential borrowers with multiple finance options in response to a single credit request — are becoming more prominent as borrowers continue...

Episode 4: Cordray Successor Confusion Placed a ‘Cloud’ Over the CFPB from 2017-11-28T19:24

Following the resignation of Consumer Financial Protection Bureau Director Richard Cordray, there has been much confusion surrounding the future of the CFPB and its leadership. Cordray named Leandr...

Episode 3: Managing Success Based on Service, Not Marketshare from 2017-10-30T14:10:59

Security Service Federal Credit Union attributes its No. 1 rankings in the annual Auto Finance Performance report to managing success by focusing on dealer and member service, and not by trying to ...

Episode 2: Navigating Subprime Auto Credit Risk from 2017-09-18T14:05:35

Deep-subprime lending has notably expanded in the nonbank auto space, reaching $38.9 billion outstanding as of June. Additionally, subprime auto defaults reached $1.8 billion in June, making up abo...

Episode 1: Where’s the End for Depreciating Used-Car Values? from 2017-08-14T15:05:14

Industry leaders continue to predict where the end of the line will be for declining used-car values, but what can lenders do to prepare in the meantime? In this episode of The Roadmap, Chuck Jones...