Firstmac analysis shows the number of borrowers on hardship is falling (MPA Magazine)

The latest data from Firstmac’s $12.6b loan book shows that the number of Australians on COVID-19 hardship arrangements is steadily falling despite the second wave of lockdown in Victoria. MPA spoke with chief financial officer James Austin about how Victoria compares with other states and why the ACT is doing the best nationwide.

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12 Jun 2020

Firstmac reports car market is "recovering strongly" (Australian Broker)

New data from a non-bank lender has indicated the car market is “recovering strongly” after plummeting in April, with borrowers ready to begin buying cars again as the COVID-19 crisis has been largely contained within Australia.

In the month of May, Firstmac recorded a record number of car loan applications, with activity strengthening towards the second half of the month and continuing into June.

After taking just 721 car loan applications in March and 657 in April, Firstmac took 1,051 in May, setting a new monthly record.

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