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.
Toyota Motor Corp. announced it will not reach its goal of manufacturing 9 million cars in its fiscal year, which ends in March.
An increased flow of semiconductor chips allowed the Detroit automaker to operate every plant this week.
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.
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.
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.
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 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.
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.
New report from Black Book and Fitch Ratings says rise in vehicle depreciation poses no detriment to 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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