The National Automotive Finance Association will host its 14th Annual Below-Prime Credit Auto Financing Conference from June 2-4, 2010, at the Renaissance Worthington Hotel in Fort Worth, Texas.
The National Automotive Finance (NAF) Association coined the term “below-prime” to describe the levels of funding in which its members are engaged.
While the fate of the industry’s troubled automakers might be making headlines, finance sources say their focus is on dealer performance.
The NAF Association’s annual survey revealed the stress finance companies felt heading into 2009, but it also illustrated a firmer grasp of what was at stake. The question is whether this understanding will make financing widely available again.
Nothing could describe the month of July better than a headline I read in CNW Market Research’s July 16 newsletter. It read: “Time to Panic: Industry Pushes Into Auto DefCon4.” I wonder what the headline would have read if the newsletter was released nine days later.
It’d be easy to dedicate this entire editorial to all the recession talk. It’d definitely be a good read, but would it help?
Is it me or is just about everyone looking for that one kink in the armor of our business? Yes, blame the subprime-mortgage market all you want, but the reality is that it’s going to be guilt by association from here on out. What’s important now is that we don’t prove those “Chicken Littles” right.
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