Know More. Risk Better. Autos Mythbuster: Under the Hood of Consumer Credit
Nov 20, 2025
In this engaging discussion, Peter Simon, Co-head of U.S. Financials, provides insights on consumer credit trends and rising repossession rates. Todd Duvick, Head of Autos, explores vehicle pricing and the impact of tariffs on affordability. Jory Eisenberg, a Special Situations analyst, delves into the used-car market and financing challenges. Together, they tackle the implications of 2022 vintage loans, the operational contrast between Carvana and CarMax, and the current stability in the auto sector, concluding that systemic risk remains unlikely.
AI Snips
Chapters
Transcript
Episode notes
The Green Dragon Corsica
- Zachary Griffiths' first car was a 1996 Chevy Corsica nicknamed the 'Green Dragon.'
- He left it to his sister when he went to college and it met its demise under her stewardship.
A Rusty Beetle First Ride
- Todd Duvick bought a 1962 Volkswagen Beetle from his brother‑in‑law that was a 'rust bucket.'
- It lacked a radiator and required creative winter solutions like scraping and plywood battery placement.
Banks See Improving Consumer Credit
- Consumer credit broadly stabilized after deterioration in 2023–24 driven by post‑COVID origination excesses.
- Delinquencies and net charge-offs are down year‑over‑year for banks, reflecting tighter underwriting and resilience outside the lowest income tier.