Suzi Straffon, Director Finance Company Markets
Suzi Straffon serves as Director of Finance Company Markets for Allied and manages all activity within the auto and consumer markets. She brings 20 years of marketing and business development proficiency to the role. Prior to her current position, Straffon held business development and marketing leadership positions at DIMONT, Exeter Finance and RouteOne.
In this episode:
[0:31] Meet Suzi Straffon
[1:35] How did we get here?
[2:34] I saw an interesting stat – 88% rise in index pricing from April 2020-January 2022.
[5:25] Also on the table is a potential recession, many analysts expect a mild recession.
[8:00] Things that are affecting default rates.
[9:27] It’s really expensive to own a vehicle.
[9:41] The average transaction price for a new vehicle is $48,700.
[11:05] Used car prices have come down.
[13:38] Vehicle affordability is going to continue to be a challenge.
[16:07] The CFPB’s focus the last few years and how lenders are responding.
[19:01] Right now, there is a big competition for loan share.
[21:45] In this market, would you purchase new or used?