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.
2 Jan 20244min
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.
18 Dec 20237min
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 abo...
11 Dec 20236min
'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 ...
6 Dec 202318min
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 le...
4 Dec 20237min
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 an...
27 Nov 20235min
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 ...
20 Nov 202313min
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.
13 Nov 20236min
