The auto industry continues to brace for potential increases in delinquency and charge-off rates, spikes in repossessions and ongoing inventory shortages. Robert Dye, senior vice president and chief economist for Comerica Bank, will discuss the lasting macroeconomic implications of the COVID-19 pandemic and the future of auto sales on Oct. 21 during the Auto Finance Summit, returning as a virtual event Oct. 20-22.
During the session, Dye will highlight how consumer confidence will affect vehicle sales in the long term and how to stress-test portfolios for a recessionary economy.
Dye leads the Comerica Economics Department, which provides research and analysis vital to Comerica and its customers, as well as business leaders and policy makers throughout the country. He provides insights on the economies of California, Texas, Arizona, Florida and Michigan — Comerica’s primary markets.
Dye’s research has appeared in multiple publications, including the monthly U.S. Economic Update, the Comerica Economic Weekly, daily economic alerts and monthly state-level Economic Activity Indexes.
Before joining Comerica in 2011, Dye served as director of the National Association of Business Economics. He also is the chairman of the Economic Advisory Committee of the American Bankers Association and is the past president of the Economic Club of Pittsburgh.
As financial assistance programs come to an end and COVID-19 cases continue to spread, it’s crucial that auto lenders adequately prepare for changes in their portfolio in the next few months. To participate in this important discussion, register for the Auto Finance Summit here.