NAF Association Non Prime Times MayJune 2012 : Page 4
Association President’s Message Asbel Perez Viciedo NAF Association: Putting the Pieces Together F or more than 15 years the National Automotive Finance Association (NAF) has been delivering valuable industry insight to the non-prime auto lend-ers. Whether times are good or bad NAF has proven to be a wealth of information for lend-ers of all sizes. NAF has always been looking for ways to not only benefit the association, but to be a positive force for the entire auto-motive non-prime arena. Now the parts have all come together. Non-Prime Times After only three issues, Non-Prime Times has already received great recognition and outstand-ing feedback from industry leaders. I wish to thank all involved in its creation and specifi-cally those that have taken the lead in making it such a valuable source of information for all. It’s not easy to identify what subject matter and content is the most pertinent by lenders, but the editorial committee, along with the editor, has done a fantastic job doing just that. Since I haven’t spoken about the publication in my president’s note since its inception, I wish to share the general response we have received thus far. After every issue, e-mails and calls are received about the quality of its content. They range from how timely the information seems to be to what an accurate indicator of the con-cerns of today’s lenders in our space. We have even received positive feedback from non-prime lenders outside of the auto lending space asking to subscribe because some of our concerns and needs are the same. The magazine highlights trends in the industry, legal updates, member news, company spotlights, the business side of what we do, the credit process, collections and technology. As NAF continues to pride itself as the only non-prime auto lending associa-tion, the magazine will continue to share timely, valuable and relevant information. Following are just two of several com-ments received. “GM Financial – AmeriCredit has been a long time member and supporter of the National Auto Finance Association (NAF). We have worked with the organization to make it more attractive to new companies, as well as existing companies serving the non-prime auto finance industry. Over the years, we have built solid relationships with executives from other member financial institutions and with com-panies that provide services to improve lender/ dealer relationships in non-prime lending. “Recently, the NAF began publishing Non-Prime Times . It is a publication that focuses on topics that are relevant to not only non-prime financing, but to the auto financing indus-try in general. Articles related to legal issues in our industry, economic and risk manage-ment updates, as well as executive profiles and interviews can be found in the magazine. It is also a great opportunity for service partners in our industry to advertise their products and services. GM Financial – AmeriCredit will continue to be an active member and supporter of the NAF.” Kyle Birch, executive vice president, GM Financial – AmeriCredit “Emerging from the mayhem of 2008 and 2009, the automobile finance industry and especially the non-prime/sub-prime sector have emerged as an extremely safe asset class. The National Auto Finance Association (NAF), with its exclusive focus on the non-/sub-prime sector of our industry, provides valuable industry insight through conferences, webinars and the recently launched publication Non-Prime Times . “Our team at First Investors has derived a great deal of value from our membership in NAF. Whether it involves networking with industry leaders and vendors or participating in presentations on relevant industry topics such as developments in structured finance, rating agency updates or emerging trends in the used car market, the information and access provided by NAF and its member firms continues to be a trusted resource for First Investors. “Given the regulatory uncertainty in today’s lend-ing environment, NAF’s role as our industry’s pri-mary advocate has never been more important.” Tommy A. Moore Jr., chairman/CEO, First Investors Financial Services NAF Conference Now that we feel we have the pieces in place there is still plenty of work to do. This begins with the upcoming NAF Annual Conference. If you have not made plans to attend there is still time. Join us and network with attendees and exhibitors. And while you are there, stop by the Non-Prime Times booth. Non-Prime Times is quickly becoming one of the “must reads” in the non-prime finance segment. Share your comments and ideas of what you would like addressed in the magazine. If the non-prime lender is your customer, you may also want to stop by the Non-Prime Times booth and see how they can help you promote your products and services. With the growing success of Non-Prime Times , the annual NAF Conference and the association’s involvement in the non-prime industry, the NAF Association has put together the pieces to lead this industry for years to come. Thank you to all who have helped over the years! 4 Non-Prime Times May/June 2012 nafassociation.com
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