Fitch Ratings-New York/Chicago-19 November 2020: Expiring auto loan extensions, a form of payment relief that surged this spring and summer, will result in a moderate increase in delinquencies, particularly for subprime auto ABS, says Fitch Ratings. LEARN MORE
Used-vehicle sales last month fell 5% from October 2019, Cox Automotive estimated in analysis around its latest Manheim Used Vehicle Value Index, which was released Friday.
The company pegged the seasonally adjusted annualized rate for used-car sales to be 37.5 million for October, versus 39 million in September and 39.6 million in October 2019. LEARN MORE