U.S. prime auto ABS, backed by both leases and loans, have experienced robust performance; but the subprime sector has not shared the same fate.

Net loss levels for prime auto ABS deals dropped for the fourth straight month in May while prime 60-plus delinquencies saw their lowest level in the past 10 years at 0.29%, according to Fitch Ratings’ latest index results which it published in a report today.

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