Credit unions new source of growth for auto ABS

auto ABS 230x
By Jennifer Kang
07 Jan 2020

With new vehicle sales in decline, auto ABS issuance is expected to see muted growth in 2020. However, the rising fraction of auto loans funded through securitizations is a silver lining for the industry, along with the potential for more credit union issuers tapping ABS in the coming year.

Auto ABS volumes are expected to stay flat at about $125bn this year, according to Kroll Bond Rating Agency. It’s unlikely the sector will see increased supply, as new vehicle sales declined nearly 2% in 2019 to an estimated 16.9m units. However, offsetting the drop in new sales ...

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