KBRA’s Prime U.S. Auto Loan ABS performance remained broadly stable month-over-month (MoM), with annualized net losses and both delinquency measures moving 4 basis points (bps) or less. In the non-prime index, net losses increased 67 bps MoM, while early-stage delinquencies increased 5 bps and late-stage delinquencies fell 9 bps.
On a year-over-year (YoY) basis, prime performance also remained generally steady, with net losses and both delinquency measures moving 4 bps or less. In the non-prime index, net losses and early-stage delinquencies increased 34 bps and 26 bps YoY, respectively, while late-stage delinquencies declined 5 bps.
Figures 1-14 show performance metrics over the last 10 years and the table below presents current index values as well as MoM and YoY changes. The data shown in this report and other index metrics can be found here.
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