Analysts tracking auto finance lenders project loan delinquency rates to plateau in H2 2024, giving the sector breathing room. Stock valuations could re-rate higher if consumer credit health sustains. As previously mentioned, subprime lenders specialize in offering loans to borrowers with poor credit history. Often, these folks have nowhere else to turn for a loan. Bloomberg reports that Tricolor was known for lending to low-income Hispanic communities, and the company estimated many of its borrowers were undocumented immigrants. Anirban Sen is the Editor in Charge of Market Structure at Reuters in New York where he leads the news agency's coverage of stock exchanges, and market-making firms including Jane Street and Citadel Securities. Previously Anirban was M&A Editor at Reuters, leading a team of reporters who regularly broke market-moving news about the biggest deals in corporate America. Some of his scoops have included Mars' $36 billion deal for snack maker Kellanova, design software firm Synopsys' $35 billion deal for Ansys, and buyout firm GTCR’s $18.5 billion deal for merchant services provider Worldpay. In 2023, Anirban was part of a Reuters team that won a Gerald Loeb Award for the agency's coverage of the collapse of FTX. After starting with Reuters in Bangalore in 2009, he left in 2013 to work as a technology deals reporter in several leading business news outlets in India, including The Economic Times and Mint. Anirban rejoined Reuters in 2019 as Editor in Charge, Finance, to lead a team of reporters in India, covering everything from investment banking to venture capital. Auto finance stock analysts highlight strong loan-to-value ratios in recent portfolios, reducing risk exposure. This prudent lending boosts investor confidence in asset quality.