Auto Industry Could ‘Get Scary’ if Coming Off-Lease Supply Isn’t Managed

The party can’t last forever, Joseph Derkos, director, consulting & analytics, Power Information Network (PIN) said at the Standard & Poor’s Auto Industry Hot Topics conference earlier this month. Derkos was referring to the continued growth and recovery the auto industry has experienced since the recession. The seasonally adjusted annual rate (SAAR) has grown to […]
  • Larissa Padden
  • October 28, 2015
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CREDIT: Subprime Inches Up as Delinquencies Remain ‘Under Control’

Auto loan delinquencies are “under control,” despite a continued rise in subprime lending, while recent concern about a so-called subprime “bubble” slowly deflates. That’s the upshot of auto finance credit performance today, analysts said. Subprime Continues to Rise Subprime or nonprime loans, as a percent of all lending, are at 18.2%, according to Jason Laky, […]
  • Larissa Padden
  • August 26, 2015
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CREDIT: Delinquencies Remain Low Even as Subprime Grows

DELINQUENCIES Auto loan delinquencies are on the rise, loan terms are getting longer, and as subprime auto lending continues to grow, so does the fear that the industry is on the brink of creating a similar financial crisis that caused the recession about five years ago. That’s the upshot in auto finance credit performance today. […]
  • Larissa Padden
  • January 28, 2015
  • 0
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