Honda auto finance market analysts forecast Honda Auto

Market analysts forecast Honda Auto Finance’s securitization volume to exceed $1.3B in 2024, suggesting ample liquidity and competitive loan rates—a potential catalyst for Honda Motor stock sentiment. On a PCP finance deal, the Honda is only £20 per month more than the Corolla (and given that it's a bigger, more practical car, that might be justified) and cheaper than a Golf. In addition, Honda Finance failed to promptly correct its reporting on roughly 30,000 accounts after determining that the amount originally charged off — when a creditor writes off an unpaid debt as a loss and gives up on collecting it — had been reported inaccurately. The company had reported the accounts as charged off, but did not report any charge-off amounts.