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Home » Store » Performance » Clouds on the Auto Loan ABS Horizon: Both Prime, Subprime Weaker M/M, Y/Y, S&P Finds

Clouds on the Auto Loan ABS Horizon: Both Prime, Subprime Weaker M/M, Y/Y, S&P Finds

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Investors in auto loan ABS may need to buckle up. Both prime and subprime auto loan ABS have weakened month-over-month and year-over-year, according to S&P Global Ratings. “Collateral performance in the U.S. prime auto loan ABS sector was weaker in July, with net losses and 60-plus-day delinquencies increasing month-over-month, while recovery rates decreased,” the S&P analysts said. “Collateral performance for the subprime sector deteriorated...
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