Cut-price new cars to shorten German auto ABS

Tom Porter

November 05, 2014 01:00 PM

german auto ABS ford 230x — German Chancellor Angela Merkel gets out of a S-Max Concept of car manufacturer Ford at the International Motor Show (IAA) in Frankfurt Main, Germany, 12 September 2013. Almost 1100 exhibitors from around the world present novelties at the world's largest automobile show IAA until 22 September 2013. Photo:UWE ANSPACH | Uwe Anspach/DPA/Press Association Images

Shorter contract terms and falling interest rates to support new car sales in Germany could increase payment rates and reduce the cash flow cushion provided by interest rate spreads for some securitizations, according to DBRS.

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Tom Porter