The Auto Finance Roadmap

Automakers are preparing for yet another month of slowing new-vehicle sales as the semiconductor chip shortage worsens and supply dries up. Meanwhile, the co-founders of the now-defunct subprime auto lender Honor Finance are facing further legal action.

Show Notes

In an August poll by Kelley Blue Book, 48% of consumers indicated they will wait at least three months to purchase a new car, up from 37% in a similar study in May. As a result, new-vehicle sales have been slowing for the past four months. 

Meanwhile, the co-founders of the now-defunct subprime auto lender Honor Finance are facing further legal action in a case that dates back to 2018. A Securities and Exchange Commission complaint, filed with the U.S. District Court for the Northern District of Illinois, accuses James Robert Collins and Robert Frank DiMeo of defrauding investors.

What is The Auto Finance Roadmap?

Auto Finance News is pleased to present The Roadmap, the podcast on best practices and trending topics in automotive lending and leasing. If you are in auto finance, this is your podcast.

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