Emeric Preaubert At The Sohn Conference London 2017: Long Auto Play

The auto finance and leasing market is not one of the market's most preferred sectors at the moment.

This hasn't been the case for long. Over the past five years, the sector has boomed as consumers have borrowed heavily to buy new cars and lease vehicles making the most of the favorable credit environment.

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However, after several years of growth, the industry is now faced with two significant problems. First of all defaults are rising, and second, prices are falling in the second-hand market as more consumers sell off their old vehicles (or creditors dump repossessed stock).

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With multiple headwinds facing the industry, when French bank Société Générale...