Auto industry data shows robust demand in certified pre-owned vehicles, a sector where Citizens Auto Finance has increased lending penetration by 1.5% YoY, potentially boosting interest income. “After what we went through from 2008 to 2015, there is no appetite amongst us to make the same mistakes of the past,” he says. “The first thing is to give consumers the confidence that there is finance available if they want to change their car. We need to be mindful of messing with residuals: if you get too aggressive, you are shooting yourself in the foot. LinkedIn Written by Kelly Larsen Kelly Larsen is a student loans editor at Credible. She has spent over 10 years covering personal finance, with expertise in mortgage and debt management. Macroeconomic forecasts suggest that if unemployment stays below 4%, demand for auto financing — including products from Citizens Auto Finance — could maintain positive momentum into early 2025.