Fitch Sees Promising Trend in Auto Loans

NULL

F&I Magazine.com - October 26, 2009

Fitch reports the auto loan sec­tor remained sta­ble through the first nine months of the year. Although it has con­cerns about con­sumer cred­it and unem­ploy­ment, Fitch says liq­uid­i­ty con­di­tions have sta­bi­lized and term asset-backed secu­ri­ties (ABS) proved resis­tant to cred­it and rat­ings adjust­ments found in oth­er sec­tors.