Weekly Wrap: COVID-19 implications for lenders sink in [VIDEO] | Auto Finance News | Auto Finance News

Weekly Wrap: COVID-19 implications for lenders sink in [VIDEO]

(Photo by Toru Hanai/Getty Images)

This week the auto lending industry saw the negative impacts of the coronavirus crisis put pressure on captives to maintain liquidity as major OEMs reported sales declines. Further, the fallout on the auto industry will likely result in declines for residual values and increase lenders’ credit losses. The industry also saw the first subprime lender […]

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