Henry Reardon - Asymmetric Contrarian
The Business Brew
Is Used Car Lending Getting Better?
In 2021, when you had auto retailers realizing the best margins that that industry has ever experienced, and now we're in the process of those coming down. The asset values being a strong secondary source of repayment, no matter what your LTV is on them. That's a good way to put it. Yeah. Well, you know, markets will produce wild things over time,. You always have to be humble and watching closely what your levels or your positions are.
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