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Lower prices, rising repo costs contribute to falling recoveries 

Recoveries landed at 45.7% for securitized prime auto loans 

Amanda Harris

Securitized auto loan recoveries aren’t likely to improve in the coming months as used-vehicle values decline and repossession costs rise. At the same time, credit performance continues to weaken across prime and nonprime auto loan pools.  Recoveries landed at 45.7% for securitized prime loans in January, down 4.5 percentage points sequentially and 2.5 percentage points […]

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