As Consumers’ Monthly Debt Loads Increase, Auto Lenders Must Adapt to Manage Risk, Increase Originations
TransUnion (TRU)
Last transunion earnings: 4/28 06:50 am
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Source: GlobeNewswire
CHICAGO, June 27, 2024 (GLOBE NEWSWIRE) -- A new TransUnion (NYSE: TRU) study released today found that consumer affordability challenges and tighter lending restraints are impacting new vehicle originations across the auto industry. The study, Originating Auto Loans With Confidence, explored trends in auto originations, consumer savings, debt burdens and credit scores in the pandemic era, as well as in the years before and after. The study also looked at consumer performance in the auto market, particularly at a time when overall consumer performance is beginning to see some measure of deterioration. In addition, the study explored potentially valuable credit models that may offer lenders an opportunity to increase slumping originations in a risk-appropriate manner. With the exception of a brief post-lockdown spike in 2021, auto lenders have seen consistent year-over-year (YoY) declines in auto originations in the quarters since the start of the pandemic period. Supply shortages
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- 6/24/24 - Form 4
- TRU's page on the SEC website