Auto asset-backed securitization issuance dropped year-to-date compared with 2025 as spreads tightened. Nonprime ABS issuance was down 27.8% YoY to $6.5 billion through Feb. 13, according to same-day data from JPMorgan Securities. This is the largest drop in issuance year-to-date across all auto ABS segments. Total ABS issuance is down 9.3% YoY to $29 billion. By loan type, issuance through Feb. 13 is: Prime: down 8.5% YoY to $14 billion; Lease: down 6% YoY to $6.3 billion; and Fleet and other issuance: up 120% YoY to $2.2 billion. […]
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