• It's Coming...

    MARKET EDGES

    Identify global risks and opportunities with essential macro intel using Hedgeye’s Market Edges.

Takeaway: Auto loans tightened in 3Q16 for the first since the survey broke out the category in 2Q11.

Editor’s Note: Looking to better understand why General Motors (GM) and Ford (F) auto sales came in light this week? Below is a brief excerpt from an institutional research note written by Hedgeye Financials Analyst Josh Steiner and U.S. Macro analyst Christian Drake. To access our institutional research email sales@hedgeye.com.

A Disconcerting Trend In Auto Loans… Watch Out General Motors & Ford! - ford

"Auto Loans:  With concerns rising over auto loans, especially in the subprime space, banks have begun to tighten standards for the first time since the Senior Loan Officer Survey introduced this category.  Although the introduction of the auto loan category post-dates the GFC, the implications of consumer credit tightening are fairly straightforward vis-à-vis the capacity for Main Street credit and consumption. On net, 8.1% of banks reported tightening standards for Auto loans."

A Disconcerting Trend In Auto Loans… Watch Out General Motors & Ford! - auto loans