Weekly Wrap: digital financing, auto ABS and subprime rates

This week, the news cycle was dominated by the Democratic National Convention and former Vice President Joe Biden’s presidential nomination amid increasing jobless claims following two straight weeks of decline. On the auto finance front — and against the now-constant backdrop of the pandemic — the Auto Finance News team took a deep dive into the emerging trend of online financing, the health of the auto ABS market and macroeconomic factors directly impacting the industry.