The consumer's prolonged stressed state and seasonal pressures drove auto loan ABS losses and delinquencies higher in the most recent period, as reported by Fitch Ratings' latest auto loan ABS index results.

"Weaker used vehicle values driven by seasonal factors contributed to the worsening auto ABS  performance," Hylton  Heard, senior director at Fitch, said. "However, used vehicle values remain strong overall and declines were less than typically experienced during this time of the year."

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