4 June 2025
/ Sara M. Costanzo
Reflecting on the Future of Auto Finance: Insights from the Auto Finance Summit East
Shareholder Sara Costanzo recently attended the Royal Media & Auto Finance News Auto Finance Summit East, where industry leaders came together to discuss the evolving landscape of auto finance. One of the most engaging parts of the event was a dynamic roundtable workshop that encouraged attendees to collaborate, share insights, and rotate through groups to explore diverse perspectives.
The discussions centered around the past, present, and future of the auto industry. A consistent theme emerged: prices are rising—and they're not likely to reverse course. While extended 72-month financing terms are helping consumers manage higher costs, the used car market is growing increasingly competitive.
Participants also noted a potential shift away from customization in favor of more standardized vehicle features. This trend could be a cost-saving measure as manufacturers look to streamline production. With the continued rise of hybrid and remote work models, some households may opt to reduce vehicle ownership and share cars, reflecting a broader shift in consumer behavior.
Finally, looming trade uncertainties, including potential tariffs and foreign policy dynamics, are expected to significantly influence the design and cost of 2026 model vehicles.
Sara returned from the summit energized by the thoughtful conversations and forward-looking strategies shared among peers—underscoring the importance of collaboration and agility in a fast-changing market.
If you have questions about Weltman’s consumer collections solutions, connect with Sara at any time.
These blogs are not a solicitation for business and are not intended to constitute legal advice on specific matters, create an attorney-client relationship, or be legally binding in any way.
The discussions centered around the past, present, and future of the auto industry. A consistent theme emerged: prices are rising—and they're not likely to reverse course. While extended 72-month financing terms are helping consumers manage higher costs, the used car market is growing increasingly competitive.
Participants also noted a potential shift away from customization in favor of more standardized vehicle features. This trend could be a cost-saving measure as manufacturers look to streamline production. With the continued rise of hybrid and remote work models, some households may opt to reduce vehicle ownership and share cars, reflecting a broader shift in consumer behavior.
Finally, looming trade uncertainties, including potential tariffs and foreign policy dynamics, are expected to significantly influence the design and cost of 2026 model vehicles.
Sara returned from the summit energized by the thoughtful conversations and forward-looking strategies shared among peers—underscoring the importance of collaboration and agility in a fast-changing market.
If you have questions about Weltman’s consumer collections solutions, connect with Sara at any time.
These blogs are not a solicitation for business and are not intended to constitute legal advice on specific matters, create an attorney-client relationship, or be legally binding in any way.
