Auto Finance News
  • Home
  • News
  • Features
  • Events
    • Auto Finance Summit East
    • Equipment Finance Connect
    • Auto Finance Summit
    • PowerSports Finance Summit
  • Webinar
    • Harnessing AI & Machine Learning to Address Vehicle Affordability Issues
    • Webinar Library
  • Podcast
  • Powersports
  • Big Wheels Data

No products in the cart.

Subscribe
  • Capital & Funding
  • Compliance
  • Risk
  • Technology
  • Best Practices
  • Compliance Monitor
Log In
No Result
View All Result
Auto Finance News
  • Home
  • News
  • Features
  • Events
    • Auto Finance Summit East
    • Equipment Finance Connect
    • Auto Finance Summit
    • PowerSports Finance Summit
  • Webinar
    • Harnessing AI & Machine Learning to Address Vehicle Affordability Issues
    • Webinar Library
  • Podcast
  • Powersports
  • Big Wheels Data
BIG Wheels
Log In
No Result
View All Result
Auto Finance News
No Result
View All Result

Podcast: ‘Weekly Wrap’ on market share, powersports 

Listen as AFN editors break down top stories from the past week  

Amanda HarrisbyAmanda Harris
June 3, 2024
in Powersports Finance News, Risk Management
Reading Time: 6 mins read
0

Auto lenders were active in the capital markets last month as credit union issuance picked up, while market share among banks and credit unions shifted in the first quarter. 

First Community Credit Union issued its first auto asset-backed securitization deal, bringing credit issuance over the $4 billion mark since 2017.  

Banks again became the leading lender type in the used-vehicle market in Q1 with 28.4% of the market compared with credit unions’ 27.98%, according to Experian. . Captives held the majority share of the new-vehicle market at 61.8%, boosted by incentives.  

Meanwhile, rising early payment defaults indicated an uptick in fraud risk when lenders approve a deal initially rejected by a different financier.  

In powersports, Canadian manufacturer Bombardier Recreational Products’ North American retail sales fell 5% year over year. Motorhome values, too, fell 9.4% YoY in April while towables values declined 7.2% YoY. . Recreational vehicle values increased sequentially, in line with seasonal demand. 

In this episode of the “Weekly Wrap,” Auto Finance News Editor Amanda Harris and Associate Editors James Van Bramer and Ashley Savage discuss updates on technology, market dynamics and powersports for the week ended May 31. 

Subscribe to “The Roadmap Podcast” on iTunes or Spotify, or download the episode.  

Transcript:  

Editor’s note: This transcript has been generated by software and is being presented as is. . Some transcription errors may remain. 

Amanda Harris 0:38
Hello everyone and welcome to the roadmap from auto Finance News. .
Since 1996, the nation’s leading newsletter and automotive lending and leasing, it is Monday, June 3rd, and I’m Amanda Harris, joined by associate editors James Van Bramer and Ashley Savage, this is our weekly wrap on what happened in auto finance for the week ending May 31st, 2024 and Economic news, the core personal Consumption Index, which doesn’t factor food and energy costs increased .2% sequentially in April, marking the smallest advance of the year. . Inflation adjusted consumer spending fell point 1%, while wage growth moderated. . Gross domestic product also rose 1.3% annualized in the first quarter, below the previous estimate of 1.6% the economies main growth engine, personal spending advanced 2% versus the previous estimate of 2.5% and Automotive News. . Us electric vehicle sales were flat in the first quarter, prompting 4 to scale back expansion plans and Tesla to cut 10% of its global workforce. . However, six of the 10 biggest EV makers in the US saw sales growth in Q1, some in the double digits. . Hyundai Kia sales rose 56% and Ford Evie sales were 86% year over year. . The numbers reflect consumer demand for brands with better battery ranges and more affordable prices and auto finance. . Auto lenders were active in the capital markets last month, first Community Credit Union issued its inaugural auto asset backed securitization deal, bringing credit issuance over the $4 billion mark since 1017, when the National Credit Union administration approved securitization as a funding method for credit unions. . Through May three credit union securitizers have combined to issue $1 billion of auto ABS volume, compared with $2 billion spread among seven issuers for all of 2023. . Balance sheet pressure and equity concerns will likely continue to attract new credit union issuers to the asset backed curation market this year in market share dynamics, banks again became the leading lender type in the used vehicle marketing queue, one with 28.4% of the market up 79 basis points year over year compared with credit unions 27.98% which is a year over year decline of 237 basis points according to Experian, captives held the majority share of the new vehicle market at 61.8%, which is largely boosted by incentives. .
He also had some more insight into auto finance fraud last week. .
So, James, you had the details there. .
James Van Bramer 3:04
Yes, thank you, Amanda. . We had several stories covering how fraud has impacted the auto finance industry, and last week it culminated in how it is affecting early payment defaults. . Early payment defaults refers to a loan default within the first six months, which occurred on 5% of all loans in 2023, according to a May 9th report from risk management platform point predictive. . These rates double to more than 10% for loans that are kicked back, which are loans that are rejected by 1 lender and then picked up by another as we previously as we previously recorded up to 70% of these loans, uh contain an element of fraud. . And as you might have seen, as as you might have found interesting in our most recent story last week, lenders and dealers appear to be at odds regarding who holds the bag on these loans going bad again. .
In these cases, sometimes not even a single payment is made, as evidenced by the kickback figures doubling from 10 to 10% from 5%. . These are also opted in. . What are considered red flag indicators of fraud? But as we’ve seen in the auto finance industry, efficiency has really become a key element of auto finance. . And sometimes that extra step to safeguard from fraud or even second, you know, a one to two steps, you know, safeguard from fraud, might take a little bit too long for some, you know, dealers they might not or lenders, you know that extra step kind of can go can lead to a deal from being accepted to perhaps another lender, another letter stepping in and being perhaps more efficient and quicker to the deal and ready to pounce. . Of course, that said, based on these figures, that lender who White expedited deal in lieu of protecting a little bit more against fraud might have a greater fraud exposure. . One last point, the piece touches on the continued risk of first party fraud, which sometimes goes a little bit overlooked as we’ve seen synthetic identity fraud really target the auto finance industry, which evidenced by some of our more recent reporting and some of the other stories. . As you may have seen in the the most like the most recent piece, first party part continues to, you know, come after dealers per sorry lenders portfolios for example, income and employment fraud accounted for the largest risk to the auto finance industry at about 45% of the total exposure according to the report. . So a lot going on in the in the auto finance world. . So with that Ash, I know you have some more power sports. .
Ashley Savage 5:50
Yeah. . Thank you, James. . Last week we covered a few corners of the powersports world, including BRP’s earnings from the first quarter of fiscal year 2025, where we saw that retail sales had fallen 5% year over year. . Executives with BRP, said it’s dealers are likely to remain cautious with respect to inventory as they continue to navigate uncertain economic conditions and high interest rates, which is a truth that transcends the world of powersports. .
Overall revenue for the manufacturer was down in Q1 following lower shipments as the company focuses on reducing network inventory levels and higher sales program. . Also last week we covered the latest update on Motorhome and Tobo values had auction, motorhome and Tobo values fell year over year in April, but continued an upward climb sequentially, falling in line with the side excuse me, with the simultaneous increase we saw in both segments in Mark, we talked with Eric Lawrence from Black Book and he highlighted that the decrease is not unusual for this time of year as April and May tend to be more profitable for dealers due to increasing temperatures and higher demand Lawrence, made the point that not every person that comes into. . Buy a new RV is gonna have a trade in and only makes sense that dealers are supplementing their used offerings at auction across the powersports market. . Those are expected to face headwinds to the end of the year as affordability concerns continue to weigh on the consumer and in turn prompt a waiver promotion. . We see it on the auto side and it’s the same for the powersports fire consumer is being more selective about their purchases. . And Susan Medrano from Synchrony confirm this. . When we spoke last week, she highlighted again that the consumer right now is picky about where they spend their money and that they’re doing their homework beforehand. . Given what we know, powersport promotions are likely to remain elevated in the coming months with Polaris, BRP and Yamaha among the most aggressive and their rebates and offerings right now that’s all I’ve got for today. . But you told coverage on the powersports segment is available on our site where we offer an in-depth look into the powersports inventory levels, promotions, earnings and. .
Amanda Harris 7:35 Fantastic great. . Thank you, James and Ashley and I’ll do it for today’s episode. .
So thank you so much for joining us on the roadmap and be sure to follow us on X and LinkedIn and I’m going to see you online at autofinancenews.net and here next time.
Tags: auto ABSauto finance fraudincome and employment fraudmarket sharepowersportsWeekly Wrap
Previous Post

April delinquencies near 3.5% 

Next Post

New vehicle lease share up nearly 5 percentage points 

Related Posts

Risk Management

Used-vehicle floorplan to see uptick ahead of tariffs

May 21, 2025
Bruce Newmark hosting a panel with Robert DeJarnette, VP of Risk Management at Consumer Portfolio Services, Charlie King the Chief Technology Officer at Arivo Acceptance, Eduardo Perez the Chief Customer Officer at Tricolor, and Scot Seagrave the Chief Executive Officer at FinBe USA during Auto Finance East Summit 2025 in Nashville, Tenn.
Risk Management

Subprime lenders see opportunity in recession talks  

May 20, 2025
Inside A Flo Electric Vehicle Charger Assembly Facility
Risk Management

Charging installations drop as Trump ramps up attacks on EVs

May 20, 2025
Next Post
digital contract

New vehicle lease share up nearly 5 percentage points 

Stay Informed with Our Newsletters

PowerSports Finance

The Roadmap Podcast

ABOUT US

HELP CENTER

ADVERTISE

PRIVACY TERMS

ADA COMPLIANCE

CODE OF JOURNALISM ETHICS

Manage Cookie Consent

EXECUTIVES OF THE YEAR

AUTO FINANCE EXCELLENCE AWARDS

MAGAZINE ARCHIVE

INDUSTRY GLOSSARY

facebook linkedin twitter podcast podcast
© 2025 Royal Media
No Result
View All Result
  • Home
  • News
    • All News
    • Capital & Funding
    • EVs
    • Technology
    • Management
    • Powersports Finance News
    • Risk Management
    • Sales & Marketing
  • Events
    • Auto Finance Summit East
    • Equipment Finance Connect
    • Auto Finance Summit
    • PowerSports Finance Summit
  • Features
    • Latest Issue
    • Features
    • New Tracks
    • Car Culture
    • Staffing Shuffles
    • Under The Hood
    • Spotlight
    • Issue Archive
  • Webinar
  • Podcast
  • Big Wheels Data
  • SUBSCRIBE
  • Log In / Account

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • All News
    • Capital & Funding
    • EVs
    • Technology
    • Management
    • Powersports Finance News
    • Risk Management
    • Sales & Marketing
  • Events
    • Auto Finance Summit East
    • Equipment Finance Connect
    • Auto Finance Summit
    • PowerSports Finance Summit
  • Features
    • Latest Issue
    • Features
    • New Tracks
    • Car Culture
    • Staffing Shuffles
    • Under The Hood
    • Spotlight
    • Issue Archive
  • Webinar
  • Podcast
  • Big Wheels Data
  • SUBSCRIBE
  • Log In / Account

THIS WEBSITE USES COOKIES

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “I CONSENT”, you consent to the use of ALL the cookies.

Cookie settingsI CONSENT

Review our Cookie Policies
.
Manage Cookie Consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
34f6831605sessionGeneral purpose platform session cookie, used by sites written in JSP. Usually used to maintain an anonymous user session by the server.
a64cedc0bfsessionGeneral purpose platform session cookie, used by sites written in JSP. Usually used to maintain an anonymous user session by the server.
CookieConsentPolicy1 yearUsed to apply end-user cookie consent preferences set by our client-side utility.
cookielawinfo-checkbox-advertisement1 yearSet by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category .
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
crmcsrsessionGeneral purpose platform session cookie, used by sites written in JSP. Usually used to maintain an anonymous user session by the server.
JSESSIONIDsessionThe JSESSIONID cookie is used by New Relic to store a session identifier so that New Relic can monitor session counts for an application.
LS_CSRF_TOKENsessionCloudflare sets this cookie to track users’ activities across multiple websites. It expires once the browser is closed.
LSKey-c$CookieConsentPolicy1 yearUsed to apply end-user cookie consent preferences set by our client-side utility.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
CookieDurationDescription
__cf_bm30 minutesThis cookie, set by Cloudflare, is used to support Cloudflare Bot Management.
_zcsr_tmpsessionZoho sets this cookie for the login function on the website.
663a60c55dsessionThis cookie is related to Zoho (Customer Service) Chatbox
e188bc05fesessionThis cookie is set in relation to Zoho Campaigns
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
CookieDurationDescription
_ga2 yearsThe _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors.
_gid1 dayInstalled by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously.
CONSENT2 yearsYouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data.
vuid2 yearsVimeo installs this cookie to collect tracking information by setting a unique ID to embed videos to the website.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
CookieDurationDescription
__Host-GAPS2 yearsThis cookie allows the website to identify a user and provide enhanced functionality and personalisation.
_dc_gtm_UA-1038974-31 minuteUsed to help identify the visitors by either age, gender, or interests by DoubleClick - Google Tag Manager.
_fbp3 monthsThis cookie is set by Facebook to display advertisements when either on Facebook or on a digital platform powered by Facebook advertising, after visiting the website.
fr3 monthsFacebook sets this cookie to show relevant advertisements to users by tracking user behaviour across the web, on sites that have Facebook pixel or Facebook social plugin.
test_cookie15 minutesThe test_cookie is set by doubleclick.net and is used to determine if the user's browser supports cookies.
VISITOR_INFO1_LIVE5 months 27 daysA cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface.
YSCsessionYSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages.
yt-remote-connected-devicesneverYouTube sets this cookie to store the video preferences of the user using embedded YouTube video.
yt-remote-device-idneverYouTube sets this cookie to store the video preferences of the user using embedded YouTube video.
yt.innertube::nextIdneverThis cookie, set by YouTube, registers a unique ID to store data on what videos from YouTube the user has seen.
yt.innertube::requestsneverThis cookie, set by YouTube, registers a unique ID to store data on what videos from YouTube the user has seen.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
CookieDurationDescription
caf_ipaddrsessionNo description available.
citysessionNo description available.
countrysessionNo description available.
gnt_eidsessionNo description available.
gnt_eu6 hoursNo description
iamcsrsessionZoho (Customer Support) sets this cookie and is used for tracking visitors (for performance purposes)
systemsessionNo description available.
traffic_targetsessionNo description available.
Save & Accept
Powered by CookieYes Logo