Nonprime credit performance across securitized auto loans worsened in November as prime performance saw slight deterioration, a pattern that experts say will continue until consumers begin to receive tax refunds. The annualized net loss (ANL) rate for nonprime securitized auto loans climbed 87 basis points (bps) year over year and 119 bps month over month in November to 11.01%, according to Kroll Bond Rating […]
Already subscribed? Log in
