Tag: delinquencies

Ongoing credit tightening at CarMax Auto Finance paved the way for allowance for credit loss reductions as the lender’s portfolio ...

Auto lenders must creatively prioritize servicing and collections initiatives as recovery rates fall to historically low levels across the industry, ...

While buy now, pay later plans are increasingly popular, auto financiers might benefit from urging customers to buy now and ...

The auto finance industry continues to face a tightened credit environment, worsening credit performance and recoveries, and shrinking subprime market ...

Securitized auto loan recoveries aren’t likely to improve in the coming months as used-vehicle values decline and repossession costs rise. ...

Auto lenders are likely to further tighten underwriting criteria in the coming months as the rate of new auto loan ...

Earnings season continued last week with GM Financial and Credit Acceptance Corp. reporting a rise in originations and worsened consumer ...

Pandemic-era forbearance programs have run their course, putting auto loan delinquency rates — particularly for low-income borrowers — on an ...