This year the nonprime auto financing industry is facing challenges that it has never encountered before. The National Automotive Finance (NAF) Association hopes to address these challenges at its 13th annual nonprime auto finance conference from June 3 to 5, 2009 in Fort Worth, Texas.
Conference attendees will have several issues to address. The auto ABS market is only nominally performing and industry financing sources are struggling to fund their operations. Auto dealers are facing more stringent credit underwriting guidelines. The banking system is in disarray with minimal levels of credit flowing. Two of the domestic manufactures teeter on bankruptcy.
In an economic climate like this how should a nonprime auto financing conference provide meaningful information for its attendees? The NAF Association decided to address these challenges on conference sessions that will either enlighten or provide solutions. Informed views of the industry and where it is headed are provided by J.D. Powers and Associates, Standard & Poors, National Automobile Dealers Association, Manheim, and a panel of CEOs from institutions that still are providing nonprime financing.
Practical solutions are provided in sessions on new technology being used in collections and a panel that addresses operational issues. A unique session on stress testing an institution's risk management approach is also provided.
The conference will not make the problems go away but attendees will go away better informed about the future of the industry and in possession of knowledge to better address portfolio management concerns.