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Home » AFRS: Consumer spending key metric to managing portfolios, execs say

AFRS: Consumer spending key metric to managing portfolios, execs say

Lenders should look to consumer spending habits when monitoring expected rises in delinquencies and NCOs

Joey PizzolatobyJoey Pizzolato
May 13, 2021
in Risk Management
Reading Time: 1 min read
0
Recovery quickens as US retail sales soar, jobless claims ease

Photographer: Roger Kisby/Bloomberg

As the industry continues to recover from the pandemic, auto lenders should keep a close eye on outside economic factors to properly manage the expected rise in delinquencies and net charge-offs. Ally Financial, for one, is closely watching consumer spending habits, Mike Goyer, senior vice president of consumer asset management at the bank, said during […]

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