The Aftermath of the COVID-19 Crises: Establishing Resilience with Your Risk Assessment Decisions

The current global crises have made a significant impact on auto finance industry driving many auto lenders to rethink their risk assessment strategies. Approximately 26 million people are still unemployed in the United States, expecting to have an unsteady journey back to financial security. Numerous factors will define the speed and robustness of their recovery journey. In contrast, existing risk management tools are designed for scenarios addressing a more stable environment of economic exchange.