June remittance reports showed weaker month-over-month (MoM) credit performance during the May collection period, with higher annualized net losses and delinquencies in our headline index and sub-indices (see Figures 1-3). The uptick in our headline index was predominantly driven by a handful of large ticket 2023 vintage transactions from various issuers that experienced higher defaults during the month. These transactions have concentrations in trucking-related collateral. Current index values as well as MoM and year-over-year (YoY) changes are presented in the table below.
The data shown in this report and other indices metrics can be found here.