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unemployment rates

Cox: September Sales to Decline 7.2% From Year-Ago Levels

Despite the expected volume decline, the firm put September’s seasonally adjusted annual sales rate at a healthy 17.1 million, down from last September’s 18.1 million SAAR. The company said higher interest rates and talks of tariffs may be having some pull-ahead impact in the market.

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Road to Recovery Began in 2010, But Concerns Remain

Despite three automakers reporting sales gains and the world’s largest retail association predicting that December will see the biggest increase in spending since 2006, the Conference Board reported that consumer confidence dipped in the year-end month for the first time in two months.

December Unemployment Rate Increases in 43 States

The national unemployment rate was unchanged in December at 10 percent, but was 2.6 percentage points higher than the year-ago period, according to the U.S. Bureau of Labor Statistics.

Auto ABS Performs Well in 2009 Despite Pressure From High Unemployment

The U.S auto loan ABS sector has performed relatively well in 2009 compared to other ABS asset classes despite the increase in unemployment, bankruptcies of GM and Chrysler and the volatility in the used-car market, according to ratings firm DBRS.

Unemployment Rates vs. Defaults

Understanding why the performance of auto loan-based portfolios is improving even as the economy is contracting is the key to knowing when to package and sell your retail installment contracts.