Credit delinquencies across securitized nonprime auto loans reached their highest level in seven years as seasonal trends associated with the holidays slowed payments. The rate of nonprime securitized auto loans 30- to 59-days past due climbed 129 basis points (bps) year over year and 38 bps month over month to 10.43% in December, according to Kroll Bond Rating Agency’s Auto Loan asset-backed securitization (ABS) index published Jan. 21. The latest index reflects November performance data across securitized auto […]
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