Capital & Funding

Losses rise across securitized auto loans, but tax refunds a bright spot

Nonprime ANL rate climbed 97 bps YoY but fell 125 bps MoM in March

Truth Headlam

April 17, 2026

Losses across securitized auto loans rose year over year in March but improved on a month-to-month basis as borrowers received tax refunds. The annualized net loss (ANL) rate for securitized nonprime auto loans sat at 9.97%, up 97 basis points (bps) YoY but down 125 bps MoM, according to Kroll Bond Rating Agency’s auto loan asset-backed securitization index published April 17. The ANL rate for securitized prime auto loans was 0.71%, up 6 bps YoY but down 13 bps MoM. Tax season typically […]

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Capital & Funding

Losses rise across securitized auto loans, but tax refunds a bright spot

Nonprime ANL rate climbed 97 bps YoY but fell 125 bps MoM in March

Related Posts

Auto lenders look to agentic AI, ‘vibe coding’ in underwriting, compliance, collections

Lenders eye expanded leasing options as affordability challenges grow

Forward-flow picks up steam as private investors eye auto finance

Dealers fight growing transport fraud, when scammers impersonate shipping companies

Bank of America consumer vehicle net charge-offs tick down

CarMax Auto Finance originations down 1.5%

Wells Fargo Auto originations soar 110% YoY

Chase Auto originations down 3% YoY

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