Lenders Face Challenges
Lenders are experiencing steeper deficiency balances as repo levels climb.
Auto repossessions are nearing 2 million units this year, which will lead to an increase in vehicles at auction.
This surge in auctioned vehicles is expected to pressure used-car prices and result in higher deficiency balances for lenders.
Stay updated on the latest news through the following newsletters:
- Auto Finance News Daily Newsletter
- The Week from Auto Finance News
- Capital & Funding News Alert
No specific quote available.
Author's summary: Lenders face challenges with rising repo levels.
More News
- 12 A-List Actors Who Got Their Start in Horror Movies
- Sanderson's late game-tying goal propels Senators past Flames in shootout for comeback win | Ottawa Senators
- Quick start, steady goaltending propel Sharks to first home win of season
- Will Wood, defense lead Xaverian football past Malden Catholic
- Treasurer to Block Mayne Pharma Takeover - Sharecafe
- Postgame 5: Zegras and Vladar Spur Flyers Win | Philadelphia Flyers
- Football Ferns coach Michael Mayne has offered a short- and long-term solution for New Zealand to close the gap to the top nations in the world - 31-Oct-2025 - NZ Soccer news
- Despicable FIRB ploy undermines Chalmers’ foreign investment pitch
- Clare-Based ASTI President Says High Income Households Shouldn't Be Exempt From Exam Fees - Clare FM
- Wood Scores First NHL Goal as Preds Fall to Flyers | Nashville Predators