Auto Loan Losses Decline

Most lenders reported “historically low credit losses” among automobile loans in the second quarter, according to Fitch Ratings, but that “emerging competition, continued normalization of underwriting standards and moderating prices for used cars” could result in “modest weakening” of credit metrics over the next 12 months.

  • 09 Aug 2012

Most lenders reported “historically low credit losses” among automobile loans in the second quarter, according to Fitch Ratings, but that “emerging competition, continued normalization of underwriting standards and moderating prices for used cars” could result in “modest weakening” of credit metrics over the next 12 months.

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