Subprime stocks drop $7B in market cap since March | Auto Finance News | Auto Finance News

Subprime stocks drop $7B in market cap since March

The auto finance sector has been pressured from all sides since COVID-19 took root in the U.S. With vehicle production halted and dealership operations frozen, originations have stalled. Lenders are starting to load up loss reserves in anticipation of rising delinquencies and charge-offs. As the industry shuts down, investment in subprime auto finance stocks has […]

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