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.
6 Marras 20239min
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,...
23 Loka 20236min
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 “Weekl...
16 Loka 20238min
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 “...
9 Loka 20236min
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 ...
2 Loka 20237min
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 ...
26 Syys 20234min
Weekly Wrap on BMO indirect exit, RV values
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 manufacturer...
18 Syys 20237min
Weekly Wrap discussion on Carvana ABS, floorplan shakeup
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 ...
11 Syys 20239min
