Risk & Repos: The Current State of Auto Financing & Delinquencies

In this episode of The Allied Angle, Allied's VP of Recovery Services Brooks Stewart along with special guest Melinda Zabritski, Head of Automotive Financial Insights for Experian Automotive, join the show to discuss the rise of delinquency rates and the cost of buying a vehicle in today's market. 

 

In this episode:

 

00:42  -  Meet Brooks and Melinda

04:14  -  The trends that are contributing to the rise in delinquency rates.

06:35  -  How are FIs adapting their risk management strategies to adapt to the rising delinquency rates? 

09:27  -  The reasons behind the increased costs of purchasing a new vehicle.

14:45  -  How consumers have responded to these increased costs.

17:39  -  How are credit unions balancing competitive rates with the need to manage risk in the current market? 

21:46  -  The changing demographics of borrowers and the generational changes impacting the buying process. 

26:33  -  Are younger generations more likely to lease or buy? 

28:05  -  How these demographic changes are influencing lending strategies and product offerings. 

30:33  -  What impact have these younger generations had on delinquency rates? 

35:47  -  Predictions on what the future holds for both delinquency and auto finance rates. 

38:07  -  Advice for lenders on navigating this challenging time for auto lending.