HANOVER, Md. — The National Automotive Finance Association recently announced that it has lowered its registration fees for the upcoming 12th Annual Non-Prime Auto Financing Conference, which is to be held June 4 to 6.

"Budgets, especially travel budgets, have been reduced due to the economic downturn," explained Jack Tracey, NAF's executive director. "And trade conferences have been experiencing falling attendance because of it."

According to the association, it made this decision in order to help the conference fit the budgets of NAF members and other industry professionals.

"Difficult economic conditions, rising delinquencies and losses and contraction in the securitization markets have placed financial limitations on companies who attend this event," commented Tracey.

"And we felt that a registration fee reduction would make it possible for more people to attend the conference where these and other issues affecting the non-prime auto market will be addressed by industry experts," Tracey added.

Officials added that the conference is open to both members and non-members. For more information or to register, visit www.nafassociation.com.