Black Book | Auto Finance News | Page 2 | Auto Finance News - Part 2

Nonprime Originations Shrink Despite a Rise in Portfolio Balances

Nonprime portfolio balances increased year-over-year to $34.6 billion at yearend 2017, yet the number of loans originated during that time decreased, according to data from the 2018 Nonprime Automotive Finance Survey. Balances grew by 5.3% year-over-year in 2017 for the seventh consecutive increase for the 40 nonprime lenders surveyed. However, the number of loans originated dropped by […]
  • Nicole Casperson
  • June 5, 2018
  • Strategy

OEMs May Feel Pressure to Follow Ford’s Sedan Phase-Out

DALLAS — Ford Motor Co. is eliminating all but its Mustang brand of new sedans because of faltering consumer demand and impending fuel efficiency regulations, and residual value analysts predict other OEMs could be pressured to follow suit. “Everyone can see the trend that customers are currently buying SUVs,” Eric Ibara, director of residual value […]

Rising Gas Prices Help Boost Electric Vehicle Values

DALLAS — Electric-vehicle values have been on the rise in part due to rising gas prices and greater acceptance of the technology, but the category still faces roadblocks in residual retention, panelists said at the Auto Finance Performance and Compliance Summit. “Over the last three to six months we have seen an uptick in almost […]

New Models Spark Interest in Electric Bikes, But Values Remain Uncertain

Although a number of electric motorcycles were on display at the Consumer Electronics Show (CES) in Las Vegas in early January, uncertainty remains around the financing and value retention of these innovative bikes. “My data is so sparse on [electric bikes] that I haven’t been able to draw any conclusions,” Scott Yarbrough, motorcycle editor at […]

Electric Vehicle Sales Lean Heavily on Leasing, Study Finds

U.S. leasing penetration of electric and hybrid vehicles is more than double the national average for its gas counterparts, according to a new study from Bloomberg New Energy Finance. Nearly 80% of battery electric vehicles and 55% of plug-in hybrids are leased in the U.S. compared with a 30% penetration rate across the industry. Those […]

Buy-Here, Pay-Here Poised to Grow in 2018, Black Book Says

Buy-here, pay-here dealers could “get back into the mix” of auto financing in 2018 after being largely shut out by increased bank competition, Anil Goyal, executive vice president of operations at Black Book, told Auto Finance News. In the first quarter of 2011, buy-here-pay-here dealers held a market share of 9.5% of used financing and […]

Used-Vehicle Values Expected To Further Decline In 2018

Black Book expects used vehicles to depreciate at a rate of 16.5% this year, up from 13.2% the year prior, reflecting an influx of off-lease vehicles, Anil Goyal, executive vice president of operations told Auto Finance News. The increased severity of used-vehicle depreciation that was expected in 2017 never came due to hurricanes destroying excess inventory […]
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