Weekly Wrap: Declining vehicle demand, increased NCOs may be on the horizon
Jun 01, 2021•17 min•Ep. 79
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Episode description
The average listing price on used vehicles surpassed $22,000 in April for the first time ever as inventory sat at 35 days’ supply. Eventually, prices may become too high to entice consumers to purchase.
Meanwhile, the future of another round of government stimulus support remains undecided, prompting subprime auto lenders to prepare for an imminent rise in delinquencies and net charge-off rates.
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