JP Morgan: Credit losses to hit crisis levels as residual values drop | Auto Finance News | Auto Finance News

JP Morgan: Credit losses to hit crisis levels as residual values drop

© Can Stock Photo / J5M

The negative impacts of the coronavirus crisis on the auto industry will likely put pressure on residual values and increase lenders’ credit losses as vehicle sales slow and unemployment rises, according to a research note by J.P. Morgan Chase this week. Residual values will likely feel pressure from a number of different directions, the note […]

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