May. 7 at 7:19 PM
U.S. Auto Loan ABS Tracker: In March 2026, US prime & subprime auto loan ABS performance continued to reflect normal seasonal trends, showing improvement month over month due to tax refunds, which help consumers lower their delinquencies & drive up demand & prices for used vehicles, as reflected by stronger month over month recoveries. These trends contributed to lower month-over-month losses in subprime & lower delinquencies in both sectors.
On an annualized basis, prime losses were stable at 0.64% month over month despite higher recoveries (up +405bps to 62.76%), while 60+day delinquencies declined by -4bps, to 0.52%. Year over year, prime losses decreased by -4bps, while recoveries improved by +116bps & 60+day delinquencies remained stable.
Subprime annualized losses declined by -65bps month over month to 8.34%, while recoveries increased +825bps to 46.04%, and 60+day delinquencies declined -38bps to 5.83%. Year over year, losses increased +39bps, while recoveries rose +228bps & 60+day delinquencies rose +30bps.
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