The percentage of delinquent securitized European auto loans and lease receivables reached record lows in the fourth quarter, Fitch Ratings reported Tuesday.

The Fitch European Auto ABS delinquency indices for both early (30+ days) and late (60+) delinquencies fell to 0.69% and 0.34% respectively, the lowest point in the last 11 years for each. The figures were down from 0.76% in arrears for the 30-day+ index in the third quarter of last year, and 0.37% for 60-day+ loans and leases in its third quarter index.

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