This year’s TechSpotlight will put the focus on new technologies in Auto Finance and how to implement them to maximize profits.
Sessions Include:
• Presentation Futurewatch: A Deep Dive Into the Technology of Tomorrow
• Presentation Credit Scoring and Analytics
• Panel Technology Operations: How to Excel at IT
Speakers Include:
• Ron Guerrier, Vice President & Chief Information Officer, Toyota Financial Services
• Arjan Schutte, Managing Partner, Core Innovation Capital
• Daniel Parry, Chief Credit Officer, Exeter Finance Corp.
• Talvis Love, Vice President & Chief Information Officer, TD Auto Finance
• Chandra Dhandapani, Senior Vice President and Chief Information Officer, Capital One Financial
• Marty Crowley, Chief Information Officer, Gateway One Lending & Finance
Once the real estate industry returns to “normal underwriting”, this comparison of relative default rates will not be valid. However, since we know how dumb Congress is on such matters (most agree that it was Congress that played a major role when they “authorized” the mortgage mess), I suspect they will eagerly swallow the data in exchange for support from lobbiest.
Additionally, the prices of used cars are temporarily high in this same period which helps lower losses.
People cannot afford $30000 pickup trucks when they are unemployed and underemployed. Look at the sales volume jumps of the lowest price new car brands which may be cheaper to buy than a traditional used vehicle.
Finally, did the Grant Thorton study include the sub-prime car market as part of the asset class analysis? If things are so “rosey” why did it collapse?