SUBPRIME AUTO TERM ABS SECURITIZATION OVERVIEW 1Q 2024

Subprime auto securitization in 1Q 2024 by the numbers …

$57 BILLION.
Volume of new issue auto securitization in 1Q 2024.

Issuers are not taking their foot off the gas as the first quarter demonstrated; instead, they’re accelerating rapidly, setting a pace to demolish the industry’s $143 billion record issuance in 2023.

23 PERCENT.
Proportion of issuance that was subprime.

Investors continue to demonstrate voracious appetite for debt back by subprime auto obligors.

$556 MILLION.
Average size of a subprime auto term transaction priced in 1Q 2024.

With 5 transactions containing $1 billion or more in collateral, big deals are common, with three issuers coming to market more than once in the first quarter.

Learn more in the attached “Subprime Auto Term Securitization Overview 1Q 2024”

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TECH CONTROLS “ON-RAMP” TO PERSONAL LOAN APPS

Lenders that provide financing to sub-prime borrowers should understand how tech firms can grant or limit access to applications lenders rely on to communicate with their end customer.

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AGGRESSIVE FEDERAL RESERVE INTEREST RATE HIKES

The Fed raised interest rates in May by 0.25%, its eleventh consecutive increase, but signaled that it might pause as it awaits further signs as to the direction that the economy might take.

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LEHNS Capital Publishes Auto Finance Industry Overview

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