Modest high risk growth for new financing; used down YOY
Leasing reaching all-time highs at 28.9% of all new consumer transactions
Loan amounts continue to grow; with gap between new and used payments rising despite increase in terms
Rates on new financing have increased in conjunction with growth in high risk originations
Open balances reach all-time highs with majority of loans/balances in prime+
30 day down, yet 60 day delinquency creeping up with both percentage of units and dollars on the rise
Hannah Lutz has more.