Annualized net losses rose across securitized auto loans in January alongside early- and late-stage delinquencies for prime and nonprime tiers. The annualized net loss (ANL) rate for securitized nonprime auto loans climbed 86 basis points (bps) year over year and 27 bps month over month in January to 10.9%, according to Kroll Bond Rating Agency’s auto loan asset-backed securitization (ABS) index, published Feb. 20. […]
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