October Indices Results
Annualised net losses in KBRA’s European Auto Loan and Auto Lease ABS Indices moved 6 basis points (bps) and 13 bps higher month-over-month (MoM), respectively. Early-stage delinquencies (30-59 days) exhibited mixed performance during the month, rising 4 bps MoM in our auto loan index, but falling 3 bps MoM in our auto lease index. Meanwhile, the percentage of borrowers in late-stage delinquency remained stable.
On a year-over-year (YoY) basis, annualised net losses in our auto loan index remained unchanged, while early- and late-stage delinquencies increased 2 bps and 5 bps, respectively. However, annualised net losses in our auto lease index climbed 31 bps versus year-ago levels, while early- and late-stage delinquencies were up 3 bps and 16 bps, respectively.
The table below presents current index values as well as MoM and YoY changes.
The data shown in this report and other indices metrics can be found