Monthly Overview
Annualised net losses in KBRA’s European Auto Loan and Auto Lease ABS Indices moved in opposite directions this month, rising 5 basis points (bps) month-over-month (MoM) in our auto loan index and falling 12 bps MoM in our auto lease index. Meanwhile, early-stage delinquencies (30-59 days) improved 3 bps-4 bps MoM across both indices, while late-stage delinquencies (60+ days) improved 1 bp MoM in each index.
On a year-over-year (YoY) basis, annualised net losses have increased across both indices, with our auto loan index rising by 19 bps and our auto lease index up 7 bps compared to the same period last year. Meanwhile, early- and late-stage delinquency rates were mostly stable YoY across both indices.
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 here.