Kerper and Bowron LLC

400 Vestavia Parkway, Suite 131

Birmingham, AL 35216                   205-588-4028 (Main)

© 2019 by Kerper and Bowron LLC

September 16, 2016

If you follow GAP, you may have noticed that many companies are seeing dramatically higher losses.  What are the reasons this is happening?

First, we need to know how we got here.  After the financial crisis, loss ratios were historically low, due to the combination of robust used car prices and restrictive financing.  In other words, consumers couldn’t finance much more than the car was worth and the vehicle wasn’t depreciating as fast as in the past.  This double benefit had industry...

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