Finance Insurance

Recession concerns overblown, auto lenders say

While U.S. new-vehicle sales are down 1.6 percent this year, analysts say the market is still on track to hit 17 million or more for the fifth straight year, an unprecedented streak. Still, higher fleet sales have offset weaker retail demand, a key driver of F&I products. (DAVID PHILLIPS)
October 30, 2019 04:37 PM

LAS VEGAS — Economists and analysts anticipate a downturn in the next year or so, and auto lenders are taking note. Yet, in a strong U.S. economy with low unemployment and high consumer confidence levels, several auto lender executives say much of the hype is premature.

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