Auto ABS volume reaches highest level since the credit crisis

Volume in the auto asset-backed securitization (ABS) market reached its highest level since the 2007-2008 credit crisis, fueled by low cost of funds, elevated used-vehicle values and increased investor demand as auto continues to be a well-performing asset class amid economic uncertainty. Auto ABS volume hit $128.4 billion as of Dec. 3, according to JPMorgan […]