Joseph Cioffi was quoted in a Structured Credit Investor article, "Subprime Auto Performance Eyed."
NEW YORK, June 24, 2020 – Auto market participants are expecting subprime auto loan performance to deteriorate, and many predict COVID-19 will have a long-term impact on the sector. However, participants also show signs of resiliency, according to the second annual market study released today by Davis & Gilbert LLP’s Credit Chronometer.
Joseph Cioffi was quoted in an Asset Securitization Report article, "Credit Chronometer: Auto ABS Market COVID-era Outlook Similar to Pre-pandemic."
Credit Chronometer's second annual market study "Participants' Expectations in a Time of Crisis" was quoted in an AUTO Connected Car News article "Coronavirus COVID-19 Automotive News: Research, Rides & Growth."
What does automobile ownership mean to consumers today? It is certainly something different, more complex, than pre-Covid. America’s relationship with the automobile has always been complicated. Even so, there has never been a shortage of bold predictions. Now, projections of the future can be downright foolish given we don’t know where we are today as a starting point.
Joseph Cioffi was quoted in a GlobalCapital article, "Shift in Consumer Behaviour Rewrites the Book on ABS Risk.”
On Wednesday, July 15, 2020, the Davis & Gilbert Insolvency, Creditors' Rights & Financial Products practice group and authors of Credit Chronometer will be presenting a webinar focused on the subprime auto market. Industry players — originators, investors, servicers, trustees and their advisors — will especially find topics discussed of interest.
