What’s New (and Used) in Auto Finance

New and used car prices, sky-high interest rates and the looming impacts of inflation. Director of Finance Company Markets, Suzi Straffon, breaks down the latest trends in Auto Finance. 

In this episode…

[0:31] Meet Suzi Straffon

[1:35] How did we get here?

[2:34] I saw an interesting stat – 88% rise in index pricing from April 2020-January 2022.

[5:25] Also on the table is a potential recession, many analysts expect a mild recession.

[8:00] Things that are affecting default rates.

[9:27] It’s really expensive to own a vehicle.

[9:41] The average transaction price for a new vehicle is $48,700.

[11:05] Used car prices have come down.

[13:38] Vehicle affordability is going to continue to be a challenge.

[16:07] The CFPB’s focus the last few years and how lenders are responding.

[19:01] Right now, there is a big competition for loan share.

[21:45] In this market, would you purchase new or used?

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