Report title: Prime Auto Loan Credit Indexes: June 2008
from Moody's Global Credit Research
4 page (2273 word) report published Aug 26, 2008

Price $550.00 available for immediate download
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About Moody's Global Credit Research

...Prime auto loan credit performance deteri orated in June 2008 as net loss and delin- quency rates increased compared to year-ago levels. Moody's prime auto loan net loss rate rose to 1.24% in June 2008, an increase of 87% from the level of 0.66% recorded in the year-prior period. The delinquency rate rose to 0.55% during June 2008, a 18% increase from its year-ago leve l of 0.46%. The Manheim Used Vehicle Value Index, an indicator of recovery values on repossessed vehicles, dropped 4% during June 2008 from the year-prior level. Lower prices for used vehicles lead to lower recovery rates on repossessed autos, thus increase loss severities. ...

Report Type: Index
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