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Recoveries dip across auto ABS deals 

Losses and delinquencies ticked up in November  

Amanda Harris

Annualized net losses increased across prime and nonprime auto asset-backed securities (ABS) transactions in November as declining used-vehicle values contributed to lower recoveries across both sectors.   Prime net losses ticked up to 0.41%, an increase of 8 basis points (bps) compared with October, according to Kroll Bond Rating Agency (KBRA)’s November auto loan index, […]

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