Outlook for 2009
Even if Congress approves a bailout for the Big Three, the auto market in 2009 will face significant challenges. All signs point to dragging vehicle sales and difficult credit markets.
Will there be a few bright spots? Offer your thoughts in this 12-question survey.
No doubt, 2008 has been a rocky year. Financiers could not have expected the severity with which the economy and financial sectors tanked. Here’s a look at some of the responses to the 2008 Auto Finance Forecast:
* 52.6% of respondents expected net interest margins to increase in the 1%-to-10% range. Another 10.5% of respondents anticipate 10% to 20% growth.
* 89.5% of respondents expected originations to inch up for loans and leases. Respondents anticipated about 10% growth in lease and loan originations.
* Floorplan financing volume was expected to remain flat (46.2%) to slightly higher (30.8%).
* Delinquencies and chargeoffs were predicted to worsen.
