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Prime auto ABS losses hold steady

Delinquencies ticked up in June and July

Amanda Harris

Losses across prime auto asset-backed securitization (ABS) transactions held steady in June and July, even as delinquencies moved closer to pre-COVID levels and overall performance normalizes following the expiration of pandemic-related financial assistance.   Auto portfolios performed better than anticipated in 2020 and 2021 as consumers received stimulus funds and additional unemployment benefits, and many […]

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