NEW YORK (S&P Global Ratings) May 7, 2025--U.S. auto loan asset-backed securities (ABS) performance to reflect normal seasonal trends, showing improvement month over month for most metrics in both the prime and subprime segments, according to "U.S. Auto Loan ABS Tracker: March 2025 Performance," published May 6, 2025. For the third month in a row, prime auto loan recoveries and delinquencies improved. Prime annualized losses remained relatively flat at 69 basis points, while recoveries increased to 61.32% in March from 55.83% in February. Additionally, 60-plus-day delinquencies declined slightly, reflecting the lowest level of delinquencies we have observed over the past year. On a year-over-year basis, prime losses rose slightly, 60-plus-day delinquencies remained stable, and recoveries improved from last year. Subprime
