Day: August 23, 2022

Specialty Capital News & Views 23th July

US employers added more jobs in June than forecast and the unemployment rate held near a five-decade low, suggesting hiring needs are so far eclipsing concerns about the economic outlook. Here are the key numbers from Friday’s Non-Farm Payroll report: Non-farm payrolls: +372,000 vs. +268,000 expected and a revised +384,000 in May Unemployment rate: 3.6% vs. 3.6% expected …

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Auto Loan Defaults & Specialty Capital’s View On Auto Dealers 26th July

The auto repossession numbers have been climbing in recent months. The numbers are staggering, especially in the subprime market. Subprime repos are now 11% on average across the nation, double the rate in 2020. The more concerning figure is that the rate of prime borrower repossessions are also double the rate of 2020, around 4%. With interest rates moving higher and easing supply dynamics …

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