Auto Finance:
Using Analytics to Increase
Loan Profitability and
Mitigate Portfolio Risk
Networking Dinner at Ocean Prime, Detroit

Here’s what we discussed:

As we enter the second half of 2023, we continue to witness a very competitive auto finance market that is poised for disruption. Consider this: US auto loan origination grew just 2 percent a year from 2016 to 2020. In 2021, demand spiked 20 percent, accompanied by a corresponding increase in vehicle prices, and this trend is continuing to this day.

On the other hand, interest rate hikes, the increasing cost of funds, a shrinking market of subprime borrowers, and an emerging wave of delinquencies make lenders focus more on bottom-line profitability and the overall health of their loan portfolios.

What strategies and tools can help lenders to maintain their competitive position while focusing on the bottom line?

Earnix – a global leader in pricing analytics and digital decisioning – invites leading auto lenders to join a roundtable discussion. We will talk about the recent events shaping the US auto finance market, trends, issues, opportunities, and how to utilize AI-backed analytics and pricing capabilities to increase profitability and create a well-rounded and turbulence-proof portfolio.

Discussion topics:

• Finding the sweet spot for loan pricing in a constantly changing market
• Using pricing to control portfolio risk profile
• Maintaining the balance between volume, profitability, and competitiveness
• Using a centralized platform to automate your pricing processes while enforcing governance and enabling auditability