Vehicle Value by: Dr. Elliot Eisenberg, Ph.D. The nation's second largest auto lender wrote off an annualized 1.37% of its outstanding auto loans in Q3, up from 1.01% in Q2. Why? Used car prices are falling for the first time since 2008 as the number of cars coming off leases in 2016 is expected to reach 3.1 million, up 33% from 2015. In 16Q2, leasing accounted for 31.4% of all new-vehicle sales compared to 13.5% in 09Q2.
Dr. Elliot Eisenberg was 2016 Austin Conference Keynote speaker. He produces a daily blog of important economic data for an easy read on the news about monetary and fiscal policy. Here is Dr. Eisneberg's information if you would like to subscribe to his blog:
Elliot F. Eisenberg, Ph.D
Cell: 202.306.2731 www.econ70.com