Strong Used Vehicle Values Provide a Buffer to a Range of Entities Impacted by the Coronavirus

DBRS, Inc. (DBRS Morningstar) published a commentary analyzing the rebound of used vehicle values following an unprecedented decline in April 2020. Used vehicle values have returned quicker and stronger than anticipated providing a buffer for auto finance companies, rental car companies, banks, and commercial fleet lessors against other Coronavirus Disease (COVID-19) related pressures.