Annualised net losses in KBRA’s European Auto Loan and Auto Lease ABS Indices moved in opposite directions this month, rising 5 basis points (bps) month-over-month (MoM) in our auto loan index and falling 12 bps MoM in our auto lease index. Meanwhile, early-stage delinquencies (30-59 days) improved 3 bps-4 bps MoM across both indices, while late-stage delinquencies (60+ days) improved 1 bp MoM in each index.
On a year-over-year (YoY) basis, annualised net losses have increased across both indices, with our auto loan index rising by 19 bps and our auto lease index up 7 bps compared to the same period last year. Meanwhile, early- and late-stage delinquency rates were mostly stable YoY across both indices.
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 here…
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.