July 25, 2024
News

Auto ABS volume outpaces 2023 with $91.2B in sales

Auto asset-backed securitization volume is consistently increasing as recent reports in the first half of 2024 surpass the volume reported in 2023. According to data from JPMorgan Securities, auto asset-backed securitization (ABS) issuance as of June 14 reached $91.2 billion year-to-date, compared to $65.4 billion in 2023. Prime auto ABS issuance saw a significant rise […]

FAQ

  • What is auto asset-backed securitization?
  • How does ABS issuance impact the automotive industry?

Conclusion

In conclusion, the steady increase in auto asset-backed securitization volume is a positive indicator for the market. With higher issuance levels in 2024 compared to 2023, it shows confidence and growth in the industry.

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