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Fitch Ratings

Toyota Announces Manufacturing Miss

Toyota Motor Corp. announced it will not reach its goal of manufacturing 9 million cars in its fiscal year, which ends in March.

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Chip Flow Increasing for GM

An increased flow of semiconductor chips allowed the Detroit automaker to operate every plant this week.

Report: 2019 Depreciation Rate Up Sharply to 15%

Black Book and Fitch Ratings’ annual used-vehicle depreciation and auto ABS report predicts a 15% depreciation rate for U.S.-registered vehicles, up from 12.4% in 2018.

Black Book/Fitch: Vehicle Depreciation to Reach 17.8% in 2017

The vehicle valuation firm said the depreciation rate will rise from 17.3% in 2016 to 17.8%, while Fitch said Auto ABS performance will continue to slow in 2017 as losses slowly rise to more normalized levels.

Fitch: Subprime Auto ABS Losses Creep Up, Prime Stable

Annualized net losses for prime auto loan ABS declined on a monthly basis in October, while subprime losses rose 32 basis points to 9.61%, according to the ratings agency. Subprime ANL, however, remain within levels recorded earlier this year.

Black Book: Vehicle Depreciation to Rise in 2015

Vehicle depreciation is expected to increase in 2015 as a larger used-car supply and off-lease volumes place pressure on retention rates, according to a report from Black Book and Fitch Ratings.

Depreciation Nearing Recession Levels, Black Book Reports

Depreciation rates on used vehicles are nearing levels not seen since the recession, but the trend is expected to reverse, leading to marginally higher losses for U.S. auto ABS, according to a new joint report from Black Book and Fitch Ratings.

Fitch: U.S. Auto ABS Performance Going Strong

U.S. auto loan ABS asset performance continues to be solid with historically low delinquency rates and loss rates at or near record lows, despite a slight uptick in loss rates during June.

Black Book, Fitch Ratings: Rise in Vehicle Depreciation Poses No Threat to Auto ABS

New report from Black Book and Fitch Ratings says rise in vehicle depreciation poses no detriment to U.S. Auto ABS.

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Fitch: Losses Hold Steady for U.S. Auto ABS

Fitch Ratings’ latest index reading indicates steady performance within the auto ABS segment, with prime annualized net losses dropping 24 percent.

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