Losses across securitized auto loans continued to rise in November 2025, highlighting sustained affordability challenges facing consumers. Annualized losses across subprime auto asset-backed securitizations (ABS) climbed 54 basis points (bps) year over year to 9.68% in November and ticked up 2 bps YoY to 0.76% for prime securitized auto loans, according to an S&P Global ABS tracker published Jan. 7. The average recovery rate for subprime loans fell 164 bps YoY to 33.45% and climbed 308 bps YoY to 55.48% for prime loans. In 2025, “that K-shaped economy that we’ve been seeing — where […]
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