Tag: Fitch Ratings

Used Auto Supply in U.S. Could Pressure Performance of Asset Backed Securities

Used Auto Supply in U.S. Could Pressure Performance of Asset Backed Securities

| January 31, 2014

Increased supplies of off-lease vehicles coupled with rising inventories and new vehicle production could hurt the wholesale market and auto asset backed securities (ABS) performance metrics over the long term, Fitch Ratings says. If these trends continue, Fitch expects “decreasing auto loan recoveries and lease residual realizations to contribute to increased loss levels on auto […]

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