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November 16, 2017 | Moody’s: Negative Outlook for Largest Ever $1.1 Trillion Auto Loan Market

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

“Signs are there that we might be approaching an inflection point in the marketplace for autos,” William Black, managing director at Moody’s, said in  on Tuesday.  No credit expansion lasts forever.

Moody’s is also forecasting a drop in used-car prices thanks to pressure from a record number of off-lease supply.

When it comes to auto loans, Moody’s said strong competition among banks, credit unions and finance companies has led to looser underwriting standards. That is “driving rising delinquencies and losses,” the report said. Here is a direct video link.

Moody’s: We might be approaching an inflection point for autos from CNBC.

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November 16th, 2017

Posted In: Juggling Dynamite

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