June 16, 2024

Securitized nonprime auto loan losses increase by 202 basis points

Net losses and delinquencies across high-quality and subprime securitized auto loans showed a month-over-month improvement in April. However, the year-over-year comparison revealed a deterioration in performance. This improvement was partly attributed to tax refunds enabling borrowers to meet their loan obligations, as per the latest auto loan index from Kroll Bond Rating Agency.


  • What factors contributed to the improvement in auto loan performance in April?
  • How did tax refunds impact consumers’ ability to make loan payments?


Overall, the latest data suggests a mixed picture for the auto loan market, with some positive trends in the short term but lingering concerns about long-term performance.

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