More consumers slip into late-stage delinquency in Q2
More auto finance accounts rolled into later-stage delinquency status by the end of the second quarter compared with a year ...
Tag: subprime
Used-vehicle loan LTVs, negative equity climb
More consumers are prone to negative vehicle equity on used-vehicle loans on the heels of climbing loan-to-value ratios at the ...
Subprime lending execs will take the stage at AFS East
Executives from subprime lenders Automotive Credit Corp., Flagship Credit Acceptance and Tricolor Auto will take part in a panel discussion ...
Ford Credit, GM Financial, HCA prep prime ABS deals
Three prime issuers are gearing up to enter the auto asset-backed securities market following Silicon Valley Bank-spurred market volatility that ...
Subprime auto lender American Car Center closes for business
American Car Center told employees the business was closing its doors, a day after it pulled a $222 million bond ...
Prime auto ABS losses hold steady
Losses across prime auto asset-backed securitization (ABS) transactions held steady in June and July, even as delinquencies moved closer to ...
Subprime auto ABS delinquencies reach pre-Covid levels
Delinquencies on subprime auto asset-backed securitization (ABS) transactions are normalizing against a backdrop of macroeconomic uncertainty that could result in ...
Subprime rising: Lenders balance increased demand with affordability
Subprime lenders are taking action as used-vehicle values reach record highs and affordability remains a crucial concern by offering longer ...
