The third year of the pandemic brings with it questions of when normalization might occur in subprime auto lending and securitization. All eyes are on supply shortages, which have kept used vehicle prices in the stratosphere, and inflation, which could cause consumers financial distress. With these issues in mind, in a recent article in Structured Credit Investor, we compared Credit Chronometer’s...
Joseph Cioffi and Nicole Serratore's article "Same as Ever?" was published in Structured Credit Investor. Click here to view the full article.
Joseph Cioffi and Nicole Serratore's blog post was republished as an Auto Remarketing article "COMMENTARY: Nearly year-end market review".
Delinquencies and losses should be the canary in the coal mine for performance trends, but they can also wag the dog, drawing attention away from looming issues. In subprime lending, borrowers could demonstrate the first indications of trouble for the economy at large, as economic issues tend to impact them first. Now, as auto loan forbearance programs and extended unemployment benefits and...
Joseph Cioffi was quoted in a GlobalCapital article "Rental car securitization enters climate change era with Hertz-Tesla deal".
Joseph Cioffi was mentioned in a SCI article “Securitization key to Hertz's near-fatal collapse and its resurrection“.
Joseph Cioffi was interviewed for an Auto Remarketing podcast episode, "PODCAST: Davis+Gilbert’s Joseph Cioffi on vehicle-titling challenges," September 7, 2021
