Weekly Wrap discussion on subprime market
Higher interest rates are just one challenge facing consumers and affecting their ability to make their car payments. Auto lenders are tightening credit and the whole industry is keeping a close eye ...
20 Nov 202313min
Weekly Wrap on subprime financing, affordability
Affordability, credit performance, cost of funds and regulatory compliance are top of mind for subprime auto lenders as inflationary pressures further squeeze consumers’ wallets.
13 Nov 20236min
Weekly Wrap on Auto Finance Summit 2023
Auto lenders homed in on subprime financing, liquidity management, technology and vehicle pricing last week during Auto Finance Summit 2023.
6 Nov 20239min
Weekly Wrap on earnings, subprime ABS
Third-quarter earnings season continued last week with Ally Financial, Bank of America, Citizens, Fifth Third, Huntington Bank, Truist and U.S. Bank all reporting. In this episode of the “Weekly Wrap,...
23 Okt 20236min
Weekly Wrap on start of Q3 earnings
Chase Auto, PNC Financial and Wells Fargo kicked off third-quarter earnings season last week with mixed results, while consumer credit availability improved in September. In this episode of the “Weekl...
16 Okt 20238min
Weekly Wrap on used vehicles, fraud, capital markets
Credit unions have tapped into the auto asset-backed securities market to raise capital amid liquidity concerns, while used-vehicle values inched up sequentially in September. In this episode of the “...
9 Okt 20236min
Weekly Wrap on Q3 sales, UAW strike, EVs
Third-quarter new vehicle sales are forecast to finish higher year over year after a strong September while the United Auto Workers strike against Ford Motor Co., General Motors Co. and Stellantis NV ...
2 Okt 20237min
Weekly Wrap on market share, interest rates, Carvana
Rising interest rates have prompted shifts in market share and affordability concerns across the auto finance industry, while several auto lenders issued auto asset-backed securitization deals during ...
26 Sep 20234min
