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Auto lenders face warnings of lower used-car prices

Published 10/27/2016, 12:32 PM
Auto lenders face warnings of lower used-car prices
  • "Losses are going to go higher - there's no question about that," says Hylton Heard, senior director at Fitch. Prices of used cars up to eight years old are down 3.6% in the year's first nine months, according to J.D. Power. It's the first "material" decline in prices since 2008, says the company's Larry Dixon.
  • The country's 2nd-largest auto-lender by volume, Ally Financial has responded to signs of weakness by tapping the brakes, writes Annamaria Andriotis in the WSJ, noting a 2% Y/Y fall in Q3 auto-loan originations.

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