Fitch: U.S. Auto ABS Losses Rise as 'Softer Fall' Approaches

Newswire

(The following statement was released by the rating agency) NEW YORK, August 26 (Fitch) Losses on both prime and subprime U.S. auto ABS rose in July following lows seen earlier in the spring, according to Fitch Ratings. Despite the increase, used vehicle values have stayed strong in the past two months. Additionally, overall asset performance remains strong heading into the softer fall months thanks to the healthy wholesale vehicle market and slowly improving economic factors. That ...

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