Deloitte’s Kalish, Bank of America’s Thierry to kick off Auto Finance Summit 2024 with market outlook
Auto Finance News is excited to kick off the 2024 Auto Finance Summit with an economic market outlook that will explore the state of the automotive market from the perspectives of an economist and a C-suite auto lender at 2:15 p.m. PT on Oct. 7.
The outlook session features two parts in which key market leaders will share their expertise and perspectives about where the auto finance market is and where it’s headed in 2025.
Ira Kalish, chief global economist at Deloitte, will lead the first portion of the outlook at 2:15 p.m. PT, focusing on the economy and automotive industry amid inflationary uncertainty. Kalish will explore topics such as elevated interest rates and consumer health, forecasts related to the auto finance market in 2025 and assessment of the seasonally adjusted annualized rate as inventory improves.
Fabien Thierry, head of consumer vehicle lending products at Bank of America, will then provide his market perspective during a one-on-one fireside chat at 2:45 p.m. PT, drawing from more than 17 years’ experience at the bank. Thierry will discuss topics such as affordability concerns, rising auto delinquencies, originations growth and profitability, and technology to improve underwriting.
Thierry is responsible for Bank of America’s product strategy across end-to-end client strategy, product design and development and consumer vehicle lending management. Bank of America was the11th-largest auto lender by outstandings at yearend 2023 with a portfolio of $43.2 billion, according to the latest Big Wheels Rankings data.
The market outlook session kicks off a range of content aimed at preparing summit attendees for what’s in store in 2025 and beyond. Auto Finance Summit 2024 invites participants to learn about key updates and strategies related to capital funding, the EV market, subprime financing, growing lease demand and changing used-vehicle values.
Auto Finance Summit, the premier industry event for auto lending and leasing, returns Oct. 7-9 at Wynn Las Vegas. To learn more about the 2024 event and register, visit www.AutoFinanceSummit.com.
