Monthly Overview
Annualised net losses and early-stage delinquencies (30-59 days) in KBRA’s European Auto Loan Index moved 7 basis points (bps) and 5 bps higher month-over-month (MoM), respectively, while 60+ day delinquencies fell 2 bps MoM. Meanwhile, annualised net losses and both delinquency metrics remained stable in KBRA’s European Auto Lease Index, changing less than 3 bps MoM. On a year-over-year (YoY) basis, annualised net losses and delinquencies remained steady in the auto loan index, rising less than 4 bps. However, auto lease early-stage delinquencies decreased 2 bps YoY, but net losses and 60+ day delinquencies climbed 30 bps and 8 bps YoY, 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 here.
European Auto Loan ABS Index Performance
On a seasonally…