April Indices Results
April remittance reports for KBRA’s European auto ABS indices showed varied performance within the bounds of historical levels and seasonal trends. Annualised losses in the EUR40 billion auto loan market increased month-over-month (MoM) but declined year-over-year (YoY). Indexed annualised losses for the EUR30 billion in outstanding auto lease transactions increased both MoM and YoY. Auto loan and auto lease delinquency rates exhibited consistency with typical MoM variations in line with seasonal trends. Current index values as well as MoM and YoY changes are presented in Figure 1.
The data shown in this report and other indices metrics can be found here.
European Auto Loan Performance Indices
European Auto Loan Index annualised losses increased MoM but remain below their recent peak in July 2023. Delinquencies and losses have been on a rising trend in…