This week, the Auto Finance Summit was in full swing, and a resounding theme among executives in the industry was one of cautious optimism. Initial forecasts surrounding the fallout of the coronavirus pandemic haven’t yet come to pass, as the third quarter was marked by strong credit performance, origination volume and used-vehicle values.

Still, peak credit losses are expected in 2021, which could be problematic as lenders look to forecast the coming year amid flattening credit loss provisions.