Swelling Used Vehicle Supply to Dent Recoveries for U.S. Auto ABS
Banking & Financial Services / United States / Wed 23 May, 2018
Falling used vehicle values and swelling supply are set to continue at least through next year, which will lead to worsening recoveries and heightened performance pressures for both auto loan and lease ABS.
Losses have been slowly trending higher since 2016, though "The prospect of higher defaults becomes more tangible if increased competition, a