...Asset Performance Remains Stable: The performance of the Fitch 30+ Delinquency Index improved slightly to 1.3% while the 60+ Delinquency Index remained stable in 1Q14 at 0.6%. The Annualised Loss Index stayed at 0.4%, but increased slightly within the margins of rounding. Auto Market Improving: New car registrations increased across all the EU top five countries in 1Q14. Used car prices in the EU remained stable on an aggregate basis in 1Q14, after increasing from crisis-level lows in 4Q13 (see page 4). Auto ABS Issuance: Auto ABS issuance across Europe was up 36% on a volume basis in 1Q14 relative to 1Q13; on a number basis, issued transactions more than doubled. Macroeconomic Environment Recovering: Consumer confidence levels displayed increasing trends across Europe in 1Q14 and unemployment levels decreased on an aggregate basis. However, trends varied between countries (see page 3)....
