FORT WORTH, Texas — The National AutomotiveFinance (NAF) Association has released the first details of its 13th Annual Non-Prime Auto Finance Conference, to be held June 3–5, 2009 in Fort Worth.
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.
The NAF Association hopes to address these
challenges by planning 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 non-prime 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
To view the conference