Weekly Wrap: Eyes on delinquencies, incentives and a new IPO
his week, all eyes were on first-quarter delinquency rates, incentives, and Vroom's IPO.
12 Kesä 202012min
Weekly Wrap: May sales figures hint at promising gains for the auto industry
This week, OEMs’ monthly sales figured pointed toward promising signs of recovery in the new-vehicle market, with American Honda, Mazda and Hyundai all reporting improvements on a month-over-month bas...
5 Kesä 202011min
Weekly Wrap: COVID-19 pressures used market, ABS deals
This week, the potential bankruptcy news of rental car conglomerate Hertz shook the industry as the liquidation of its fleet, combined with an influx of off-lease vehicles, could flood the used-vehicl...
15 Touko 202012min
Weekly Wrap: GDP contraction signals recession, lenders stock up on cash
This week, news of a 4.8% contraction in the nation’s gross domestic product in the first quarter signaled a recession brought on by the economic fallout of COVID-19, and auto lenders are stocking up ...
1 Touko 202014min
Weekly Wrap: Banks stock up on capital, vehicle values plummet
In the second week of first-quarter earnings season, Ally Financial reported the addition of $2.8 billion to its retail auto reserves, joining last week’s reporters, including Bank of America, JP Morg...
24 Huhti 202012min
Weekly Wrap: Earnings season kicks off, COVID-19 spurs increased reserves
First-quarter earnings season kicked off with JPMorgan Chase, Wells Fargo, Bank of America and Consumer Portfolio Services reporting increased loss reserves as the COVID-19 economic crisis continues t...
17 Huhti 20202min
Regulatory risks in providing coronavirus-based payment deferrals
The coronavirus outbreak has resulted in an economic recession spurred by shelter-in-place orders that have shuttered doors for nonessential businesses, including most car dealerships. During a compli...
15 Huhti 202034min
Filling the gap in servicing, collections with data-driven technology
During the past ten years, lenders have focused on improving data-driven technology on the origination side, yet that same technology hasn’t been as actively applied to the servicing and collections s...
26 Helmi 20209min
