Light Truck RV Performance to Slow in US Auto Lease ABS
Banking & Financial Services / United States / Tue 05 Jun, 2018
The supply of used light trucks (SUVs/CUVs/Trucks) will continue to swell in 2018 and into 2019, placing downward pressure on residual values (RV) in auto lease asset backed securities (ABS). Auto lease ABS pools have high exposure to these segments, particularly 2016-2018 vintages, given the vehicles' high popularity and strong sales patterns.
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