(The following statement was released by the ratings agency) March 31 - Despite poor economic fundamentals and issues surrounding the auto industry, prime annualized net losses (ANL) posted a 7% monthly decline in February, according to Fitch Ratings. Seasonal patterns along with improving wholesale vehicle values, supported performance in February, according to Managing Director John Bella. 'Tax refunds and rebates will aid performance in the next couple months,' said Bella. 'However, ...
Premium Content (PAID Subscription Required)
"TEXT-Fitch: seasonal factors slow U.S. auto ABS declines" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.