Despite the different negative indicators, U.S.  auto  ABS  delinquency  and annualized net losses (ANL) improved  at  a  time  of the year when performance usually starts to deteriorate, Fitch Ratings said.

The  60+  day  delinquencies on U.S. prime auto loan ABS dropped 10.7% while ANL levels  dipped  5.4%,  this  despite  elevated  unemployment rates as well as declining consumer credit.

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