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I would call August and September fairly similar, but it was a reversal of the steep depreciation
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2024 Q2
10 Oct 23
May, June and July, there was probably about $3,000 of depreciation
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2024 Q2
10 Oct 23
there was a steep depreciation in June and July and quite honestly, it started in May
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2024 Q2
10 Oct 23
experiencing steep depreciation that was concentrated primarily in June and July
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2024 Q2
10 Oct 23
So June and July were the worst. August, actually was up a little bit. And then September in AAA data is probably flattish to a little bit up from a depreciation standpoint or an appreciation standpoint.
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2024 Q2
10 Oct 23
definitely a rise in delinquencies
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2023 Q4
23 Apr 23
So looking out hard to say where losses and delinquencies are going to be, but we think we're in that 2% to 2.5% range as we always have. We think we're well reserved and we'll watch the consumer carefully.
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2023 Q4
23 Apr 23
I think the entire industry is feeling a higher sense of delinquency in the consumer for us in the existing book of business.
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2023 Q4
23 Apr 23
With regard to losses and delinquencies, as mentioned in the prepared remarks, again, we've taken our reserve up to $507 million, that's 3.02% of receivables.
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2023 Q4
23 Apr 23
if you look at August through or really September through December, it was decreasing market shares month-over-month
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2023 Q4
23 Apr 23
we did observe year-over-year tightening as both rising interest rates and delinquencies likely led to these adjustments
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2023 Q4
23 Apr 23
This sequential 7 basis point adjustment in the reserved to receivable ratio reflects unfavorable performance within the portfolio, as well as the uncertain macro environment along with the continued increase in cash Tier 2 and Tier 3 volume.
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2023 Q4
23 Apr 23
The loan loss provision in Q4 of $98 million results in an ending reserve balance of $507 million or 3.02% of ending receivables. This is compared to a reserve of $491 million last quarter, which was 2.95% of receivables.
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2023 Q4
23 Apr 23
Wholesale average selling price declined approximately $3,200 per unit or 28% year-over-year, that we saw some appreciation beginning in January.
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2023 Q4
11 Apr 23
I think December, January, my hope is we've kind of bottomed out there. We don't have the February data yet, but I'm hoping that we bottomed out
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2023 Q4
11 Apr 23
We hit August, August, I would call was fairly flat, and then we saw declining gains really from September through December.
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2023 Q4
11 Apr 23
For the first-half of the year, we saw good market share gains.
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2023 Q4
11 Apr 23
I think we feel very comfortable where we're running the retail GPUs
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2023 Q3
22 Dec 22
if ASPs fall another 5% to 10% over the next couple of quarters either given market conditions or just changing of mix? Are you guys still confident that the $2200 GPU level is achievable?
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2023 Q3
22 Dec 22
Used retail margin of $403 million and wholesale vehicle margin of $115 million declined 21% and 46% respectively.
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2023 Q3
22 Dec 22