What is market position of auto loan in COVID-19

Question

Accepted Answer

The market position of auto loans in COVID-19 is uncertain and has been impacted by economic factors.

Auto loan demand has decreased due to economic uncertainty and job losses.
Lenders have tightened their credit standards and increased interest rates.
Delinquency rates on auto loans have increased.
Government stimulus packages and relief programs have provided some support to the auto loan market.
Online car sales and contactless financing options have gained popularity.
Used car sales have seen a surge as people opt for more affordable options.
Auto manufacturers have offered incentives and discounts to stimulate sales.
The market position varies by region and depends on the severity of the pandemic's impact.

Accepted Answer

Better after lockdown

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