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The vehicle valuation firm said the depreciation rate will rise from 17.3% in 2016 to 17.8%, while Fitch said Auto ABS performance will continue to slow in 2017 as losses slowly rise to more normalized levels.
Read More →Annualized net losses for prime auto loan ABS declined on a monthly basis in October, while subprime losses rose 32 basis points to 9.61%, according to the ratings agency. Subprime ANL, however, remain within levels recorded earlier this year.
Read More →Moody’s expects the performance of new and outstanding auto loan ABS deals to suffer temporarily due to current regulatory activity, but it does see a silver lining in the increased scrutiny of the auto finance marketplace.
Read More →U.S. auto loan ABS asset performance continues to be solid with historically low delinquency rates and loss rates at or near record lows, despite a slight uptick in loss rates during June.
Read More →Fitch Ratings’ latest index reading indicates steady performance within the auto ABS segment, with prime annualized net losses dropping 24 percent.
Read More →Prime delinquencies are stable and prime cumulative net losses have improved, but the ratings agency says economic volatility and the European financial crisis could dampen growth prospects.
Read More →In a note to bondholders, Fitch Ratings said it believes the move toward slightly riskier borrowers in prime auto ABS pools is unlikely to present a near-term risk.
Read More →More than $5 billion in auto asset-back securities sales were made on Wednesday, providing more proof that investor demand for auto bonds remains high.
Read More →Performance remained stellar for U.S. prime auto ABS, with losses dropping to a new record low, according to the latest index results from Fitch Ratings.
Read More →Rising gas prices are likely to have a limited impact on U.S. auto loan and lease asset-back securities (ABS) performance, particularly compared to 2008 — when the price of regular grade gasoline spiked to nearly $4.15 a gallon, according to Fitch Ratings.
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