COVID-19: Auto finance faces the global pandemic [FEATURE]
Editor's note: This article first appeared in the April edition of the magazine, available now. After a decade of exponential ...
Tag: Coronavirus
Chase virtual sessions up 5x since COVID-19 outbreak
JPMorgan Chase has executed almost 150,000 concurrent virtual sessions in the past few weeks which, according to CEO Jamie Dimon, is ...
UK March car sales plunge most since late 1990s on coronavirus
U.K. car sales dropped the most in two decades in March as the coronavirus pandemic brings the auto industry to ...
American Honda Finance liquidity at risk if capital markets dry up
American Honda Finance Corp.’s heavy reliance on capital markets for funding and liquidity could spell trouble for the captive as ...
Weekly Wrap: COVID-19 implications for lenders sink in [Video]
This week the auto lending industry saw the negative impacts of the coronavirus crisis put pressure on captives to maintain ...
Volume declines spur Crescent Bank to furlough auto staff, tighten underwriting
Subprime lender Crescent Bank & Trust has tightened its underwriting policies and furloughed a “significant” number of its staff as ...
JP Morgan: Credit losses to hit crisis levels as residual values drop
The negative impacts of the coronavirus crisis on the auto industry will likely put pressure on residual values and increase ...
Consumers delay off-lease returns
Consumers are delaying their off-lease returns as COVID-19 shelter-in-place orders have shuttered dealership doors and limited consumer movement. Some auto ...
