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Prime, nonprime net losses dip sequentially across securitized loans

Nonprime losses fell 47 bps MoM but rose 51 bps YoY

C.J. Moore

Net losses improved on a sequential basis across securitized prime and nonprime auto loans in May but grew year over year.  Annualized net losses across prime securitized auto loans fell 13 basis points (bps) month over month to 0.54% and rose 2 bps YoY, while nonprime losses were down 47 bps MoM to 8.87% but […]

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