Delinquencies and losses rose across prime and nonprime securitized auto loan pools in July as declining used-car values and inflationary pressures impacted consumer credit performance. Early-stage delinquencies were stable while late-stage delinquencies and annualized net losses increased, according to the Kroll Bond Rating Agency (KBRA) July auto loan ABS index, which measured performance during the […]
Source : AutoFinanceNews
