Unemployment stokes U.S. auto ABS losses - Fitch


NEW YORK, Oct 29 (Reuters) - Rising unemployment levels have accelerated losses in auto loans made to prime borrowers supporting auto ABS securities this year, but sufficient credit support has kept ratings stable, said Fitch in a report on Wednesday. The deteriorating performance of auto ABS has coincided with rising job losses in 2008. Job cuts have driven the unemployment rate from 5.0 percent in December 2007 to 6.10 percent in September, a 22 percent hike. Fitch expects auto loan ...

Premium Content (PAID Subscription Required)

"Unemployment stokes U.S. auto ABS losses - Fitch" 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!

For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.

Feb 10, 2017

Volvo V60 Polestar 2.0L Turbo/Supercharged DOHC 4-cyl. -- 2017 Award Acceptance

Stefan Hermelin, general manager-Monitoring & Concept Center, accepts Volvo Cars' award at the 2017 Wards 10 Best Engines ceremony....More


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×