What’s been going on this year in the auto lending industry? In this blog post, we’ll take a look at the top five things that have been happening in 2020 in the auto lending industry, and give you tips to help your financial institution thrive in 2021.1. Global Consumer Confidence Index Declines SharplyAccording to The Conference Board, “In 2020 Q2, The Global Consumer Confidence Index fell sharply from a near historic high of 106 in Q1 to 92, indicating there were more pessimistic consumers than optimistic ones globally for the first time since 2016 (a reading below 100 is considered negative). The 14-point drop is the largest quarterly decline since the index began in 2005 Q1 and is double the largest drop in the index during the global financial crisis in 2008-09.”2. Longer Loan Terms Could Be a Troubling Sign for LendersFinancial institutions typically offer auto loan terms that range anywhere from 24 to 72 months. However, one trend that the industry has seen in recent years has been financial institutions issuing loans over much longer periods. In fact, 84 months is not an uncommon term length for borrowers. This post is currently collecting data… ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr This is placeholder text continue reading »
Miami-Dade County Mayor Carlos Gimenez signed an emergency order on Friday closing all county beaches beginning July 3.A restriction of any gatherings and parades of more than 50 people is also part of that emergency order.After consulting with our County’s public health experts, I will be signing an emergency order on Saturday to close all beaches in Miami-Dade County starting Friday, July 3, and ending Tuesday, July 7. More info: https://t.co/oSgkrB8CrS pic.twitter.com/CydnVmljz5— Mayor Carlos A. Gimenez (@MayorGimenez) June 27, 2020 Independence Day will go on without a “splash” this year in at least one South Florida county. The mayor says he made the decision after speaking to the county’s public health experts.“As we continue to see more COVID-19 positive test results among young adults and rising hospitalizations, I have decided that the only prudent thing to do to tamp down this recent uptick is to crack down on recreational activities that put our overall community at higher risk,” the mayor said in a statement.He continued, “I have been seeing too many businesses and people ignoring these lifesaving rules. If people are not going to be responsible and protect themselves and others from this pandemic, then the government is forced to step in and restore common sense to save lives.”
– Brian Ó Beaglaoich of An Ghaeltacht will make his League debut for Kerry after being named at corner-back for Saturday’s clash with Dublin while Philip O’Connor will make his first League start after being named as part of a full-forward line that also contains Tommy Walsh and Barry John Keane.– There’s only seven survivors from the Cork side that started in last year’s All-Ireland qualifier defeat to Kildare as they prepare to face Mayo on Sunday – Ken O’Halloran, Colm O’Driscoll, Eoin Cadogan, Jamie O’Sullivan, James Loughrey, Mark Collins and Paul Kerrigan.– Tyrone manager Mickey Harte has handed league debuts to four players for Sunday’s clash with Cavan. Goalkeeper Mickey O’Neill, wing-back Niall Sludden and forwards Conor Meyler and Lee Brennan will all get their chance to impress.