Car Credit Crunch: September 2017

Friday 15 September 2017

Lease finance questions rise as UK vehicle market stalls Drivers are choosing not to buy cars outright, leaving automakers with all the risks

Lease finance questions rise as UK vehicle market stalls Drivers are choosing not to buy cars outright, leaving automakers with all the risks

https://www.ft.com/content/d80f738a-5824-11e7-80b6-9bfa4c1f83d2

Wednesday 13 September 2017

Pushing through ‘alarm bells’ within the subprime auto ABS market

Pushing through ‘alarm bells’ within the subprime auto ABS market

www.autoremarketing.com/subprime/pushing-through-‘alarm-bells’-within-subprime-auto-abs-market

UK Used diesel cars have lost up to a quarter of their value since the start of 2017

www.telegraph.co.uk/news/2017/09/11/used-diesel-cars-have-lost-quarter-value-since-start-2017/

Here’s Why S&P Isn’t Worried About Subprime Auto Loans Credit metrics for subprime auto loans are getting worse, but the ABS market is stable, says S&P.

Here’s Why S&P Isn’t Worried About Subprime Auto Loans Credit metrics for subprime auto loans are getting worse, but the ABS market is stable, says S&P.

www.barrons.com/articles/heres-why-s-p-isnt-worried-about-subprime-auto-loans-1505153277

Plug In Adventures becomes first team to complete epic Mongol Rally challenge in all-electric Nissan Leaf car

Plug In Adventures becomes first team to complete epic Mongol Rally challenge in all-electric Nissan Leaf car
http://nissannews.com/en-US/nissan/usa/releases/plug-in-adventures-becomes-first-team-to-complete-epic-mongol-rally-challenge-in-all-electric-car

Auto financing sector to hit 2 trillion yuan by 2020, doubling 2016

Auto financing sector to hit 2 trillion yuan by 2020, doubling 2016

http:// www.chinadaily.com.cn/bizchina/motoring/2017-09/11/content_31839176.htm

Monday 11 September 2017

Every single category of UK motorcycle sales is down…

Every single category of UK motorcycle sales is down…

www.motofire.com/2017/09/news/every-single-category-uk-motorcycle-sales/

Saturday 9 September 2017

uk car-buyer-debt-increases-further-despite-warnings

uk car-buyer-debt-increases-further-despite-warnings/

www.thecarexpert.co.uk/car-buyer-debt-increases-further-despite-warnings/

Friday 8 September 2017

Thursday 7 September 2017

The Wells Fargo Board Should Be on the Next Stagecoach Out of Town

The Wells Fargo Board Should Be on the Next Stagecoach Out of Town

www.truth-out.org/buzzflash/commentary/the-wells-fargo-board-should-be-on-the-next-stage-coach-out-of-town

LAST GENERATION OF FOSSIL FUEL CAR BUYERS

LAST GENERATION OF FOSSIL FUEL CAR BUYERS

https://www.thehrdirector.com/business-news/environment/last-generation-fossil-fuel-car-buyers/

It is a changing time for the market and with this we’re likely to a shift in the way drivers purchase vehicles, too.

We expect the number of drivers choosing personal contract hire (PCH) will rise as dealers start to push these plans to steer clear of the negative rhetoric surrounding personal contract purchase (PCP).

Fleet sales have also dipped New sales to the fleet sector were down 3.2% y/y in August after a drop of 10.1% in July.

https://www.economicvoice.com/6-percent-year-on-year-drop-in-new-uk-car-sales/

Fleet sales have also dipped New sales to the fleet sector were down 3.2% y/y in August after a drop of 10.1% in July.

This may be of particular concern to the car sector as the fleet sector had held up pretty well through the first half of 2017.

This could well be due to businesses becoming more reluctant to replace or add to their fleets amid heightened economic and political uncertainties. Fleet sales were flat y/y over the first eight months of 2017. Reinforcing the weakened picture, new car sales to the business sector fell 14.1% y/y although this sector is now small with sales at just 971 in August.

Tuesday 5 September 2017

Auto loan delinquency rates rise in Alaska since recession began

Auto loan delinquency rates rise in Alaska since recession began

https://www.adn.com/business-economy/2017/09/01/auto-loan-delinquency-rates-rise-in-alaska-since-recession-began/

Tesla Model S durability: cars with 250K and 300K miles still humming along happily

Tesla Model S durability: cars with 250K and 300K miles still humming along happily

www.greencarreports.com/news/1112465_tesla-model-s-durability-cars-with-250k-and-300k-miles-still-humming-along-happily

UK car sales fall for 5th month running - Diesel sales slide by 21%

UK car sales fall for 5th month running

Breaking! Britain’s car industry has suffered its fifth monthly fall in sales.

New car registrations shrank by 6.4% in August, extending a sales decline that began in April and has fuelled worries over the UK economy.

It means that sales in 2017 are 2.4% lower than a year ago, with 1,640,241 new cars joining British roads since January.

9h ago 09:20 Diesel sales slide by 21% Diesel bore the brunt of the sales decline in August, the SMMT says: Demand for petrol hybrid and pure electric battery powered cars increased substantially, up 74.9% and 62.5%, while plug-in hybrid registrations rose 38.5%. Conventional petrols grew 3.8% and diesels fell -21.3%.

https://www.theguardian.com/business/live/2017/sep/05/markets-uk-service-sector-car-sales-china-growth-business-live?page=with:block-59ae5a42e4b07c775243ecec#block-59ae5a42e4b07c775243ecec

Saturday 2 September 2017

Capital One Continues To Push Auto Loans Despite Weakening Industry Conditions

Capital One Continues To Push Auto Loans Despite Weakening Industry Conditions

https://www.forbes.com/sites/greatspeculations/2017/08/31/capital-one-continues-to-push-auto-loans-despite-weakening-industry-conditions/#65e4b2ba2641

Car Credit Crunch