When Anthony Capizzano, senior vice president, head of consumer lending at Axos Bank, returned from the U.S. Marine Corps in 1997, he was interested in two jobs: selling cars and selling coffins. The auto industry drew him in, and he has yet to pull away. In this podcast episode, Capizzano speaks with AFN Senior Associate Editor Riley Wolfbauer about how he aligns his team, the lessons he has learned during his career and how he carries himself as a leader. 

Delinquencies and net losses in the prime and subprime auto asset-backed securities market continued to increase in September, while captive market share of total auto financing reached its highest level in the third quarter since Q1 2018. In this episode of the “Weekly Wrap,” Deputy Editor Amanda Harris and Senior Associate Editor Riley Wolfbauer discuss the top stories for the week ended Dec. 1, and what to expect in the week ahead. 

The Consumer Financial Protection Bureau continued to focus on the sale of ancillary products to consumers, fining Toyota Motor Credit Corp. $60 million for violations related to ancillary products and bad data reporting to credit agencies. In this episode of the “Weekly Wrap,” Deputy Editor Amanda Harris and Senior Associate Editor Riley Wolfbauer discuss the top stories for the week ended Nov. 24, and what to expect in the week ahead.  

Higher interest rates are just one challenge facing consumers and affecting their ability to make their car payments.  

Auto lenders are tightening credit and the whole industry is keeping a close eye on delinquencies and rising defaults.  

Affordability, credit performance, cost of funds and regulatory compliance are top of mind for subprime auto lenders as inflationary pressures further squeeze consumers’ wallets.  

Auto lenders homed in on subprime financing, liquidity management, technology and vehicle pricing last week during Auto Finance Summit 2023. 

Third-quarter earnings season continued last week with Ally Financial, Bank of America, Citizens, Fifth Third, Huntington Bank, Truist and U.S. Bank all reporting. In this episode of the “Weekly Wrap,” Deputy Editor Amanda Harris and Senior Associate Editor Riley Wolfbauer discuss the top stories for the week ended Oct. 20, and what to expect in the week ahead.  

Chase Auto, PNC Financial and Wells Fargo kicked off third-quarter earnings season last week with mixed results, while consumer credit availability improved in September. In this episode of the “Weekly Wrap,” Deputy Editor Amanda Harris and Senior Associate Editor Riley Wolfbauer discuss the top stories for the week ended Oct. 13, and what to expect in the week ahead. 

Credit unions have tapped into the auto asset-backed securities market to raise capital amid liquidity concerns, while used-vehicle values inched up sequentially in September. In this episode of the “Weekly Wrap,” Deputy Editor Amanda Harris and Senior Associate Editor Riley Wolfbauer discuss the top stories for the week ended Oct. 6, and what to expect in the week ahead.

Third-quarter new vehicle sales are forecast to finish higher year over year after a strong September while the United Auto Workers strike against Ford Motor Co., General Motors Co. and Stellantis NV has looming implications on supply and pricing. In this episode of the “Weekly Wrap,” Deputy Editor Amanda Harris and Senior Associate Editor Riley Wolfbauer discuss the top stories for the week ended Sept. 29 and what to expect in the week ahead.