Asset Backed Securities Market Improves

NEW YORK - Kroll Bond Rating Agency (KBRA) noticed “signs of improvement” within the auto loan ABS market in December.

According to its latest report shared with SubPrime Auto Finance News, analysts indicated annualized net losses in KBRA’s Prime Auto Loan Index remained flat on both a month-over-month and year-over-year basis, coming in at 0.74%. KBRA reported the percentage of prime contract holders who were 60 days or past due rose 1 basis point month-over-month in December by edged 4 basis points lower year-over-year to settle at 0.45%. READ MORE

Auto Finance News Predicts Top Compliance Issues for 2020

Wow, 2019 has blown by, and we now turn our sights to 2020 — a new decade.

Building on my 2019 Year in Review December column, let’s explore some possible topics on the compliance horizon for 2020. There has been speculation as to the year’s financial forecast, with mixed messages on what to expect from the economy, fueled in part by the recent jobs report. READ MORE

Auto Theft Hot Spots

After conducting an in-depth analysis of the latest data and reports (2018) published by the National Insurance Crime Bureau (NICB) and the National Crime Information Center (NCIC), Gavop lists the top 10 states with the highest and lowest number of auto thefts in the country.

States with the Most Auto Thefts