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
European Auto Lease ABS Index Performance
Annualised…
Log in or Sign up for free access to this report.
KBRA is a global full-service rating agency with a mission to set a standard of excellence and integrity. Established in 2010, KBRA remains dedicated to the restoration of trust in credit ratings by creating new standards for assessing risk and by offering timely and transparent ratings. KBRA provides market participants with an alternative solution by delivering in-depth research across various sectors within the United States and European markets. We strive to provide the investment community with the products and tools needed to make informed investment decisions.