The economy is strong, loans are rising and higher-priced cars and trucks are being financed. At the same time, loan terms are becoming longer and are being extended to more non-prime borrowers. The average loan amount has increased but delinquency rates are on the rise: 2.7 million are 30-60 days delinquent.
There’s a rise in repossessions in the middle of a healthy economy. Do lenders have what it takes to keep their balance in 2019 and beyond?
This webinar will explore the fragile state of vehicle lending and discuss ways of minimizing risk in this turbulent climate.
Key takeaways attendees can expect from the webinar: