Auto loan delinquencies hardly terrifying

Wednesday 10 July 2024

Via Fitch.

Prime Auto ABS Performance

Cumulative gross and net losses at 36 months after closing remained stable, at 1.4% and 0.8%, respectively. The charts show lower gross and net losses for the final months of the 2020, 2021 and 2022 vintages due to fewer transactions having seasoned past 32, 27, 24 and 22 months,
respectively. This means the data beyond these points only represent a subset of issues from the relevant vintages.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.