Auto Finance Performance Stable

By Staff Writer September 12, 2018

Securitized auto credit performance was stable to slightly weaker in August, according to Kroll Bond Rating Agency.

Performance continues to improve year-over-year, as the used car market has rebounded and many issuers have tightened their credit. Month-over-month deterioration in both indices should continue through the remainder of the year, as summer travel and holiday spending weigh on borrower finances.

Last modified on Wednesday, 12 September 2018 13:31

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