Τα καλύτερα The Auto Finance Roadmap podcast (2024)

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Weekly Wrap discussion on nonprime consumers, improvements on affordability 18:14

5d ago18:14

18:14

Near prime and nonprime consumers are seeing some relief from affordability challenges in the automotive industry following rate cuts by the Federal Reserve but remain cautious about elevated monthly payments. New-vehicle registrations among near prime and nonprime consumers increased 1% year over year and 7% month over month to 161,435 in the seco…

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Podcast: Synthetic fraud rises in powersports, auto 10:25

12d ago10:25

10:25

Auto originations have picked up industrywide even as average payments remain elevated, while manufacturers are increasing incentives to move inventory. Originations totaled 6.4 million contracts in the second quarter, up 0.7% year over year, according to the latest data from TransUnion. The return of leasing and an uptick in incentives are helping…

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Podcast: Discussion on automakers' October sales 5:03

19d ago5:03

5:03

Sales at most major automakers increased in October, driven in part by an increase in EV sales. Overall sales increased for American Honda, Ford Motor Co., Hyundai Motor America, Mazda North America and Subaru of America in October. Volvo, however, saw U.S. sales fall 17% year over year to 9,360 vehicles. American Honda’s EV sales rose 31.1% YoY in…

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Podcast: Discussion on Q3 earnings, auto lease ABS issuance 3:57

26d ago3:57

3:57

More auto lenders announced year-over-year origination growth last week in their third-quarter earnings reports. Carvana posted a 35.5% YoY increase in originations in Q3 as retail sales jumped 34.2% YoY and 7.1% quarter over quarter to 108,651 units. The increase in originations comes as the financier and retailer saw “record performance in virtua…

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Podcast: Q3 captive originations are mixed 8:01

1M ago8:01

8:01

Από τον James Van Bramer

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Q3 bank earnings offer mixed results 6:44

1M ago6:44

6:44

Bank earnings last week highlighted mixed results as some institutions saw an uptick in auto originations while others’ portfolios shrank. Bank of America’s auto originations rose 16.2% year over year to $7.9 billion in the third quarter, while U.S. Bank’s indirect auto loan and lease originations jumped 65% YoY to $1.8 billion. Huntington Bank’s a…

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Q3 earnings season kicks off, Octane enters marine market 4:17

2M ago4:17

4:17

Chase Auto and Wells Fargo kicked off the Q3 earnings season last week, with both lenders reporting flat or lower origination volume on a year-over-year basis. Wells Fargo’s auto originations hit $4.1 billion in Q3, up 11% sequentially and unchanged compared with Q3 2023, according to the bank’s earnings supplement published Oct. 11. The bank's aut…

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Auto credit performance worsens, prompts provision spike 6:24

2M ago6:24

6:24

High rates and rising consumer debt levels still drive a worsening auto loan landscape. Delinquencies and losses rose across prime and nonprime securitized auto loans in Kroll Bond Rating Agency’s August auto loan asset-backed securitization index published Sept. 23. Prime recovery rates increased while nonprime recoveries declined. CarMax Auto Fin…

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Podcast: Unlocking EV potential through leases, used market 19:39

2M ago19:39

19:39

Leasing an EV or buying a used one offers a more affordable option in today's challenging market, but many consumers remain hesitant. Nearly 8.5% of new purchases were EVs, and more than 46% of those are leased, according to Experian’s second-quarter state of the auto market report, published on Sept. 5. Part of the drive in EV leasing is affordabi…

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Used-car demand strong amid tight credit, rising DQs 6:53

3M ago6:53

6:53

Demand for used vehicles is strong as supply remains limited and affordability is top of mind for consumers. The used-car turnover rate rose 8.4% year over year in August to 43 days for franchise dealers, signifying that inventory is being sold quickly. As consumers look for more affordable cars, inflationary pressures weigh on credit performance. …

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Automakers pull back on DEI amid social shifts 6:09

3M ago6:09

6:09

Several companies in the automotive and powersports industries made changes to their diversity, equity and inclusion initiatives following social pressure to scale back targeted DEI strategies. Ford Motor Co. joined Harley-Davidson, Tractor Supply, John Deere and Polaris in publicly announcing changes to their DEI programs, including in how the com…

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Regulators eye AI, aftermarket sales practices 7:13

3M ago7:13

7:13

Regulators are scrutinizing practices surrounding the use of artificial intelligence and machine learning as well as aftermarket product sales, prompting auto lenders to review processes for themselves and their dealer partners. The Consumer Financial Protection Bureau this month published a letter to the U.S. Treasury making it clear that emerging…

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Lenders weighing benefits of force-placed insurance 7:09

3M ago7:09

7:09

Subprime lenders are weighing the risks and benefits of protecting assets through force-placed insurance as credit-challenged borrowers face continued affordability issues, while some lenders tap into “buy here, pay here” opportunities, in this episode of the Weekly Wrap.Από τον Auto Finance News

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Weekly Wrap discussion on originations, AI-driven lending 4:19

4M ago4:19

4:19

In this episode of the “Weekly Wrap,” Auto Finance News Associate Editors Ashley Savage and James Van Bramer discuss trends in financier earnings, AI-based lending updates, finance and insurance revenue and the powersports market for the week ended Aug. 9.Από τον Auto Finance News

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Weekly Wrap discussion on Q2 earnings, e-contracting 4:03

4M ago4:03

4:03

In this episode of the “Weekly Wrap,” Auto Finance News Associate Editors Ashley Savage and James Van Bramer discuss trends in financier earnings, technology, EVs and the powersports market for the week ending Aug. 2.Από τον Auto Finance News

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Weekly Wrap discussion on leasing, HOG earnings 5:24

4M ago5:24

5:24

Captives’ second-quarter earnings last week reflected portfolio growth despite affordability and incentive challenges. Leases are a key driver for dealers as consumers continue to be hesitant amid inflationary pressures, high interest rates and elevated vehicle prices. In powersports, Harley-Davidson Financial Services’ originations ticked down 4% …

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Weekly Wrap discussion on leasing, earnings, sales 3:47

4M ago3:47

3:47

Second-quarter bank earnings continue to point to mixed loan production volume and a rise in leasing spurred by EVs. U.S. Bank originated $1.9 billion in Q2, up 21.5% year over year while outstandings fell 30.6% YoY to $8 billion. PNC Financial’s auto outstandings dipped 1.6% YoY to $14.8 billion, and Citizens’ auto book continued to run off. Ally …

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Weekly Wrap discussion on Q2 earnings kickoff 7:17

5M ago7:17

7:17

Second-quarter bank earnings kicked off this week and showed a continued slowdown in auto originations compared with a year ago. Chase Auto’s originations declined 10% year over year to $10.8 billion and Wells Fargo Auto’s originations decreased 22.9% YoY to $3.7 billion. Powersports sales slowed in June.…

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Weekly Wrap discussion on sales, incentives 7:34

5M ago7:34

7:34

June marked mixed vehicle sales and an uptick in incentives ahead of the July Fourth holiday, while the industry continues to keep an eye on impacts from cyberattacks that halted dealer operations.Από τον Auto Finance News

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Weekly Wrap discussion on rising debt, tech, compliance 8:57

5M ago8:57

8:57

Higher costs for everyday expenses such as gas, groceries and vehicle insurance have prompted many consumers to turn to credit cards, with rising expenses making it harder for consumers buried in debt to qualify for auto loans.Από τον Auto Finance News

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Discussion on retail POS lending as an opportunity for lenders 21:30

5M ago21:30

21:30

Point-of-sale financing as an alternative payment method is a growing opportunity for lenders, technology company Pagaya’s President Sanjiv Das says on this episode of “The Buzz” podcast, shared to The Roadmap. According to auto lender and Pagaya partner Ally Financial, POS financing is expected to reach a value of more than $81 billion by 2030.…

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Weekly Wrap discussion on CDK attacks, powersports 7:00

5M ago7:00

7:00

Car dealerships are leaning on manual processes following consecutive cyberattacks against software provider CDK Global last week. In powersports, RV and marine manufacturer Winnebago Industries’ promotional liabilities decreased 26.4% year over year as demand for RVs was sluggish during Q3.Από τον Auto Finance News

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Weekly Wrap discussion on loan production, inflationary pressures 4:30

6M ago4:30

4:30

The auto finance industry is showing slight improvements in affordability and loan production while worsening credit performance and inflationary pressures remain concerns. Auto outstandings held steady above $1.5 trillion in the first quarter, down 0.2% sequentially but up 2.4% year over year. Access to auto credit worsened for the second month in…

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Weekly Wrap discussion on leasing, NAF Summit 7:08

6M ago7:08

7:08

Leasing is picking up in tandem with incentives while used-vehicle values decreased in May — positive signs toward improving affordability. While some measures indicate better deals and lower prices, external costs such as vehicle insurance continue to burden borrowers, especially affecting consumers with lower credit scores.…

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Weekly Wrap discussion on market share, powersports 7:23

6M ago7:23

7:23

Auto lenders were active in the capital markets last month as credit union issuance picked up, while market share among banks and credit unions shifted in the first quarter. In powersports, Canadian manufacturer Bombardier Recreational Products’ North American retail sales fell 5% year over year. Motorhome values, too, fell 9.4% YoY in April while …

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Weekly Wrap discussion on AI adoption, affordability 7:39

6M ago7:39

7:39

Optimizing efficiency, improving accuracy and customer experience, and automating credit decisions are core uses of artificial intelligence in the auto finance industry as lenders look to grow their portfolios and manage risk.Από τον Auto Finance News

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Weekly Wrap discussion on underwriting themes at AFS East 2024 4:56

7M ago4:56

4:56

Several auto lenders had to adjust their underwriting strategies in 2023 to account for worsening credit performance across loans originated in 2021 and 2022, a theme prevalent during Auto Finance Summit East 2024.Από τον Auto Finance News

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Weekly Wrap discussion on Auto Finance Summit East 2024 7:04

7M ago7:04

7:04

Gaining operational efficiencies through artificial intelligence, navigating a challenging EV market and embracing the return of leasing were top themes at Auto Finance Summit East 2024 last week in Nashville.Από τον Auto Finance News

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Weekly Wrap discussion on earnings, sales 3:32

7M ago3:32

3:32

First-quarter earnings continued to bring mixed results as vehicle sales slowed in April.Από τον Auto Finance News

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Weekly Wrap discussion on Q1 earnings kickoff 5:11

8M ago5:11

5:11

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.Από τον Auto Finance News

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Weekly Wrap discussion on used-car values, new-vehicle sales 4:19

8M ago4:19

4:19

Used-vehicle values declined again in March while car sales improved as the industry shifts toward a buyers’ market.Από τον Auto Finance News

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Weekly Wrap discussion on sales, incentives 5:24

8M ago5:24

5:24

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.Από τον Auto Finance News

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Weekly Wrap discussion on capital funding, competition 5:09

8M ago5:09

5:09

Auto lenders have been active in the past week in funding initiatives, while competition has ramped up across the market.Από τον Auto Finance News

1
Weekly Wrap on powersports, tech investment 9:29

9M ago9:29

9:29

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.…

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Weekly Wrap on used vehicle values, EVs 7:54

9M ago7:54

7:54

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. …

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Weekly Wrap discussion on credit tightening, performance 9:19

9M ago9:19

9:19

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.Από τον Auto Finance News

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Weekly Wrap discussion on aftermarket compliance, EVs 9:26

9M ago9:26

9:26

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…

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Weekly Wrap discussion on auto finance growth, powersports earnings 8:19

10M ago8:19

8:19

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.Από τον Auto Finance News

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Weekly Wrap discussion on GM Financial, CAC earnings 4:01

10M ago4:01

4:01

Earnings season continued last week with GM Financial and Credit Acceptance Corp. reporting a rise in originations and worsened consumer credit performance.Από τον Auto Finance News

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Weekly Wrap discussion on Vroom, Sonic Automotive closures 10:06

10M ago10:06

10:06

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.Από τον Auto Finance News

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Podcast: ‘Weekly Wrap’ on mixed Q4 bank earnings 7:04

10M ago7:04

7:04

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.Από τον Auto Finance News

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Weekly Wrap discussion on Q4 earnings kickoff 4:47

11M ago4:47

4:47

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.Από τον Auto Finance News

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Weekly Wrap discussion on EV tax credit changes 6:56

11M ago6:56

6:56

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.Από τον Auto Finance News

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‘On the Job’ with CULA’s Mark Chandler 21:04

11M ago21:04

21:04

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.Από τον Auto Finance News

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Weekly Wrap discussion on 2023 highlights, 2024 expectations 4:40

11M ago4:40

4:40

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.Από τον Auto Finance News

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Weekly Wrap discussion on tightened credit, powersports growth 7:50

12M ago7:50

7:50

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.Από τον Auto Finance News

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Weekly Wrap discussion on sales, pricing 6:26

12M ago6:26

6:26

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 seve…

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'On the Job' with Axos Bank's Anthony Capizzano 18:47

12M ago18:47

18:47

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 abo…

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Weekly Wrap discussion on delinquencies, captive market share 7:16

12M ago7:16

7:16

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 …

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Weekly Wrap discussion Toyota CFPB oversight, subprime credit tightening 5:57

1y ago5:57

5:57

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…

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