Auto finance executives will join Auto Finance News at 9:45 a.m. on May 11 at Auto Finance Summit East in Nashville, Tenn., to discuss how their enterprises are navigating a challenging market.
Origination activity in auto finance has been mixed amid increased pricing competition, rising interest rates that are compressing margins and elevated vehicle prices. At the same time, credit performance continues to normalize to pre-pandemic levels.
The executive dialogue panel at the event provides an opportunity for attendees to hear how banks, captives and credit unions are responding to market conditions and preparing for what lies ahead.
The speakers:
Jud Chamblee, director of wholesale business development at TDECU, has more than 38 years of experience in the auto industry and is responsible for the credit union’s dealer relationship management for the lender’s indirect-recreational products lending programs. Lake Jackson, Texas-based TDECU has more than $4.7 billion in assets and relationships with more than 400 auto, RV, boat and powersports dealers.
Chamblee joined TDECU in December 2009 as director of indirect business services, and in April 2010 was named the Houston-Lake Jackson market manager, managing operations for recreational products, the East market and Houston market for indirect auto dealers. Chamblee took over the role of director of wholesale business development in February 2016.
Craig Harter is head of auto at Fifth Third, where he returned in November 2021. Harter had previously served at Fifth Third in business banking and dealer services from 2004 to 2010. His 30-year career has spanned roles across auto finance and insurance, underwriting, collections and funding as well as indirect lending at Bank One, BMO Harris Bank and Citizens.
Fifth Third had $16.5 billion in indirect secured consumer loan outstandings in Q1, down 5.4% year over year.
Petar Vucurevic is senior vice president of financial services at American Honda Finance Corp., where he oversees all national operations and sales financing business as well as corporate operations, marketing, risk, wholesale, customer and dealer communication, commercial lending, compliance, procurement and business process groups supporting Honda Financial Services and Acura Financial Services. He joined Honda in 2000 and has served in several leadership roles spanning leasing, regional operations and sales.
American Honda Finance had $69 billion in oustandings as of yearend 2021, according to Big Wheels Auto Finance 2022.
Auto Finance Summit East also offers a workshop on improving internal operations, a presentation on capital markets, and a diversity, equity and inclusion luncheon headlined by Santander U.S. Chief Diversity Officer and Executive Vice President Virnitia Dixon.
Auto Finance Summit East, Auto Finance News’ new spring event, is set for May 10-12 at the JW Marriott Nashville featuring a fireside chat with Peter Muriungi, CEO of Chase Auto. Visit autofinance.live.
