Nov. 3 at 10:27 PM
$CVNA Potential subprime auto lenders at risk of similar issues to Tricolor, based on high delinquency trends (12-15%) and market warnings:
1. Credit Acceptance Corp,
2. Santander Consumer USA,
3. Ally Financial,
$ALLY
4. Westlake Financial, <====================
5. Exeter Finance,
6. DriveTime,
7. American Credit Acceptance,
8. Consumer Portfolio Services,
9. Nicholas Financial,
10. Flagship Credit Acceptance.
Carvana does have a subprime lending arm (via Bridgecrest), with ~40% non-prime loans, so it could be exposed.