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Total Recall: Is There Additional Risk From Recalled Vehicles in Your Portfolio?

 More than 37 million vehicles have been recalled so far in 2014. Will these recalls have an adverse impact to lender portfolios? I’d like to see if you have time to review new research from Black Book Lender Solutions that takes a closer look at what lenders  might expect. Click here to download the report.

While safety has understandably been the main concern with these and most vehicle recalls, how has vehicle retention fared following these situations? When a particular vehicle undergoes a recall, should auto lenders steer clear of the vehicles when determining their portfolio expansion strategies? Black Book Lender Solutions’ new white paper analyzes several recalls in recent history to help auto lenders make the right decision for their portfolios:

  • 2008 & 2009 Toyota Camry retention pattern following the 2009 “unintended acceleration” recall
  • 2000 Ford Explorer retention pattern following the 2000 rollover crisis
  • 2005 & 2006 Chevy Cobalt retention pattern following the 2014 GM ignition system recall
  • 2013 Ford Escape retention pattern following the EcoBoost engine fires

Black Book® is best known in the automotive industry for providing timely, independent and accurate vehicle pricing information, and is available to industry-qualified users through online subscription products, mobile applications and licensing agreements. A leading provider since 1955, Black Book has continuously evolved to ensure that it achieves its goal of delivering mission-critical information to its customers, along with the insight necessary to successfully buy, sell, and lend. Black Book data is published daily by National Auto Research, a division of Hearst Business media, and the company maintains offices in Georgia, Florida, and Maryland.

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Tags: autos, black, book, cars, used, vehicles

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