Auto ABS: Anchoring the industry

Dwindling credit card issuances push investors into the auto ABS market

Despite the COVID-19 pandemic sending waves through the auto finance industry during the past year, the asset-backed securities market continued to act as an anchor, holding lenders steady.   In March 2020, the coronavirus pandemic contributed to economic fallout that hit every aspect of the auto finance industry. The auto ABS market initially ground to a halt as uncertainty […]

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