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Lower than expected losses for 2009 U.S. prime auto ABS loans are positioning this vintage for continued positive rating performance as the broader economy slowly improves, according to Fitch Ratings.
Read More →The prolonged stressed state of the U.S. consumer and seasonal pressures pushed U.S. auto loan ABS losses and delinquencies higher in the most recent period, according to the latest Auto Loan ABS index results from Fitch Ratings.
Read More →AmeriCredit Corp. announced Wednesday the pricing of an $850 million offering of automobile receivables-backed securities.
Read More →The performance of U.S. auto loan ABS is starting to exhibit seasonal negative trends, according to the auto loan ABS indices results from Fitch Ratings.
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The magazine’s resident finance expert points out the good, the bad and the ugly about the recovery. He then offers his take on what lending sources are really saying these days.
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Nonprime auto finance continues to show signs of recovery, but dealers say they will need more than just good feelings to ride out the storm.
Read More →The New York State Assembly proposed a new bill called the Vehicle Lienholder Accountability Act, which may limit auto loan ABS issuers from including receivables originated in New York state in auto loan securitizations, according to ratings firm DBRS.
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With more than 40 percent of the buying public now in the lower credit tiers, could franchised dealers be missing out on a prime opportunity?
Read More →With lenders in a better mood these days, could we see a return to normalcy? Well, not so fast. Consumers still need some TLC.
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The U.S auto loan ABS sector has performed relatively well in 2009 compared to other ABS asset classes despite the increase in unemployment, bankruptcies of GM and Chrysler and the volatility in the used-car market, according to ratings firm DBRS.
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