Subprime auto lenders prepare for delinquency, NCOs rise as stimulus support ends


Subprime auto lenders are preparing for an imminent rise in delinquencies and net charge-off rates as government stimulus payments come to an end. Stimulus payments have been a lifesaver for the auto finance industry, especially for the subprime lenders who service consumers sensitive to economic downturns. Santander Consumer USA, for one, saw a correlated decline […]

Source : AutoFinanceNews