This week we saw a flurry of data and earnings reports released. This new data helps us adjust the way we think about our underwriting approach. Specialty Capital believes that the current economic cycle is difficult to tread and it is integral to be data-dependent. As we are a revenue-based finance company, we need to …
As expected and in line with one of our previous posts, CPI has come down from the June high of 9.1% to 8.5% in July. Breaking down the headline number, core cpi was 5.9% (ex food and energy). Food and fuel inflation continue to be the biggest drivers, if you zoom in on the food index, it …
Nonfarm payroll numbers were released this morning and there was a big surprise to the upside. Payrolls rose by 528,000 for the month of July and the unemployment rate was 3.5%, easily surpassing estimates of 258,000 and 3.6% respectively. Wages grew month-over-month (adjusted for inflation it was actually negative). Gains in job growth were spread …
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 …
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 …
Auto Loan Defaults & Specialty Capital’s View On Auto Dealers 26th July Read More »
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@2022 Specialty Capital LLC. All Rights Reserved.
