Auto loan ABS credit performance showed signs of improvement in December, with KBRA’s Prime Auto Loan Index and Non-Prime Auto Loan Index posting stable or lower delinquency and loss rates. Despite the favorable month-over-month and year-over-year performance, we expect delinquency and loss rates to remain elevated over the next couple of months, before beginning a downward trend in March (February collection period), as borrowers begin to receive tax refunds, providing an additional source of cash flow to help them pay their auto loans.
To view the report, click here.
CONNECT WITH KBRA
About KBRA and KBRA Europe
KBRA is a full-service credit rating agency registered with the
Business Development Contact: