Auto ABS performed slightly better in January versus December with net losses and delinquencies dipping and recovery rates increasing, according to Standard & Poor's.

The aggregate net losses decreased to 1.64% from 1.68% the prior month. Meanwhile, the percentage of 60-plus-days delinquent loans dipped to 0.95% from 0.99% as of January. The recovery rates also strengthened, going up to 60.19% in January from 59.93% the prior month, the rating agency reported.

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