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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 Pizzolato

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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