The auto portion of TransUnion’s Q4 2022 Quarterly Credit Industry Insights Report (CIIR) included a metric that dipped to its lowest reading in nearly a decade.
Viewed one quarter in arrears to account for reporting lag, TransUnion reported this week that auto finance originations in the third quarter of 2022 softened by 9.8% year-over-year to 6.6 million, representing the lowest seasonal volume since 2013.
Analysts explained this reading represented the second consecutive year that …
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During the same week as S&P/Experian Consumer Credit Default Indices noted the December auto reading, the newest analysis Kroll Bond Rating Agency (KBRA) revealed more performance softening based on data from the securitization market.
KBRA said December remittance reports showed mixed credit performance across securitized prime and non-prime auto pools during the November collection period.
Analysts indicated annualized net losses in …
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Auto finance appears to be in a much better state than credit cards and personal loans based on TransUnion’s 2023 Consumer Credit Forecast released on Wednesday.
While experts are expecting delinquency rates for credit card and personal loans to rise to levels not seen since 2010, TransUnion is forecasting that serious auto finance delinquency rates are expected to decline modestly to …
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Last week, both Kroll Bond Rating Agency (KBRA) and S&P Global Ratings shared intriguing findings based on analysis of September and October data generated by the automotive securitization market, noting trends about originations, extensions, collections and delinquencies.
SubPrime Auto Finance News obtained additional information from S&P Global Ratings, which said in a news release, “U.S. ABS prime auto loan performance strengthened in September 2022, recording …
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Reinforcing what Cox Automotive and other experts are seeing from a retail perspective, TransUnion’s Q3 2022 Quarterly Credit Industry Insights Report (CIIR) showed how much auto finance originations are slowing.
According to the report released on Tuesday, TransUnion said originations in the second quarter of this year (viewed one quarter in arrears) declined …
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If you were looking for upbeat news about auto finance payment performance or the economy in general, Kroll Bond Rating Agency (KBRA), Fitch Ratings and Comerica Bank didn’t have too much to offer last week.
While Fitch shared its expectations for when an official recession might arrive, and Comerica discussed inflation, KBRA indicated that September remittance reports showed mixed credit performance across securitized prime and non-prime auto pools.
Analysts determined delinquency rates edged higher in …
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The newest data and analysis from Kroll Bond Rating Agency (KBRA) might be reinforcing the observations and comments made by finance company executives and repossession agents during the North American Repossessors Summit a little less than a month ago.
KBRA reported that June remittance reports showed softening credit performance across securitized prime and non-prime auto securitization pools during the May collection period, especially in …
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S&P Global Ratings highlighted positive trends for net losses, recoveries and delinquency in connection with the U.S. auto ABS sector’s performance for the first quarter
According to the report shared with SubPrime Auto Finance News, subprime net losses decreased month-over-month to …
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As an added benefit for Cherokee Media Group Premium Members, we are offering special episodes of the Auto Remarketing Podcasts featuring general sessions from this year’s Auto Intel Summit.
The next episode in this series features a discussion about remote work and increasing delinquencies, featuring George Hunter of American Credit Acceptance, John Sibbitt of Recovery Database Network and Jeremiah Wheeler of DRN | MVTRAC.
To listen to the episode, go to this webpage.
According to the April 15 update from the Internal Revenue Service, the IRS had issued $242.62 billion in federal income tax refunds so far this season, representing at 15.2% lift year-over-year.
Kroll Bond Rating Agency (KBRA) noticed that consumers appear to be using at least a portion of those funds to get your portfolio into better shape.
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