Edgar Faler, industry economist at the Center for Automotive Research, will join the Auto Finance Summit speaker faculty to provide an economic forecast for the auto finance industry at 11:45 a.m. on Thursday, Oct. 28 at the Wynn Las Vegas.
Faler will discuss long-term seasonally adjusted annualized rate (SAAR) forecasting, inflation and profitability, and the ongoing economic effects of the COVID-19 pandemic on the industry.
In his more than 25 years as an automotive analyst, Faler has worked as a consultant, advisor and analyst at OLDE Financial Corporation, Ducker Worldwide Advisor and now at the Center of Automotive Research.
The Michigan-based nonprofit research center produces independent research and analyzes economic impact in the auto industry. It was first founded in the late 1970s as part of the University of Michigan and became a stand-alone nonprofit in 2003.
Faler has also served as an advisory board member at The Empowerment Plan, a Detroit nonprofit focused on breaking the generational cycle of homelessness, where he was the former chief executive and financial officer.
The Summit’s Oct. 28 sessions will kick off with a panel focusing on the aftermath of the pandemic including outstandings, competition and inflation featuring Head of Wells Fargo Auto Tanya Sanders and executives from Chase Auto, Oregon Community Credit Union, Santander Consumer USA and U.S. Bank.