BMO: Auto Loans & Credit Cards To Witness Slow Growth But Fear Not!

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Mani
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US Auto loans growth

System-wide U.S. credit card debt growth will decline moderately, while auto loans growth will fall markedly over the next two years, believe BMO Capital Markets analysts. James Fortheringham and Aman Gherger forecast benign credit trends driven by falling unemployment in their April 12 research note titled “Stop Fretting About Credit Card and Auto Lending.” Improving credit quality for credit card and auto loans Fortheringham and his colleague say that the seemingly intensifying investor concerns regarding credit cards and auto loans are unwarranted. They applied macroeconomic regression models to forecast system-wide credit quality and growth for U.S. credit cards and auto loans. Their analysis suggests that…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports