Weekly Wrap: Lender liquidity and automaker furloughs [VIDEO] | Auto Finance News | Auto Finance News

Weekly Wrap: Lender liquidity and automaker furloughs [VIDEO]

Photographer: David Paul Morris/Bloomberg

This week the auto lending industry continues to be negatively impacted by the COVID-19 economic crisis.

Auto Finance News uncovered liquidity figures for more of the top 25 auto lenders, such as CarMax Auto Finance, Daimler Mobility and Santander Consumer USA.

Bank of America also reported “tens of thousands” of auto deferrals since first unveiling its relief package in March, and several auto companies — CarMax, Honda, Nissan, Tesla and Toyota — furloughed or laid off thousands of employees.

In this editors’ roundtable Nicole Casperson and Joey Pizzolato, of the AFN editorial team, discuss news developments during the week ending April 10, and give some hints as to what the team will cover in the forthcoming week.

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