Auto-finance risk is tightening from both directions.
Canada lost 68,000 jobs in September, including 20,000 in British Columbia (-0.7%). At the same time, the U.S. Manheim wholesale vehicle index fell 1.1% month over month and 0.6% year over year. Cox cut its expected 2026 year-end appreciation from 2% to 0.2%; large pickups and SUVs weakened, while older affordable vehicles depreciated less.
Expect defaults to spike again. Lenders cannot assume stable borrower income and rising collateral values will offset each other. Recent employment shocks can precede bureau deterioration, while retail asking prices may overstate auction recoveries.
https://www150.statcan.gc.ca/n1/daily-quotidien/261009/dq261009a-eng.htm
https://www.coxautoinc.com/press-releases/q3-2026-muvvi-press-release/
#autofinance #canada
kode / Kode
npub1p2…uwwhy
2026-10-13 06:12:21 UTC
Author Public Key
npub1p2ehwtdsz3axv7sppsg0zl02zawwfp9pvpgvk8psldrzcx8fkk7s5uwwhySeen on
wss://relay.damus.ioPublished at
2026-10-13 06:12:21 UTCEvent JSON
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"content": "Auto-finance risk is tightening from both directions.\n\nCanada lost 68,000 jobs in September, including 20,000 in British Columbia (-0.7%). At the same time, the U.S. Manheim wholesale vehicle index fell 1.1% month over month and 0.6% year over year. Cox cut its expected 2026 year-end appreciation from 2% to 0.2%; large pickups and SUVs weakened, while older affordable vehicles depreciated less.\n\nExpect defaults to spike again. Lenders cannot assume stable borrower income and rising collateral values will offset each other. Recent employment shocks can precede bureau deterioration, while retail asking prices may overstate auction recoveries.\n\nhttps://www150.statcan.gc.ca/n1/daily-quotidien/261009/dq261009a-eng.htm\nhttps://www.coxautoinc.com/press-releases/q3-2026-muvvi-press-release/\n#autofinance #canada",
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