Used Car NewsUsed Car News

  • ABG -2.47 - -4.43%
  • AN -1.70 - -3.49%
  • CACC -5.24 - -2.94%
  • CAR -3.10 - -8.91%
  • CARZ -2.20 - -6.77%
  • CPRT -1.79 - -3.62%
  • CPSS -0.19 - -5.18%
  • CRMT -0.32 - -1.22%
  • DAI
  • F -0.88 - -6.57%
  • FIATY +0 - +0%
  • GM -1.47 - -4.93%
  • HMC -1.36 - -5.11%
  • HTZ -1.13 - -9.53%
  • KAR -0.63 - -1.54%
  • KMX -0.66 - -1.40%
  • LAD -2.58 - -3.50%
  • MZDAF +0.00 - +0.00%
  • NSANY -0.95 - -4.82%
  • PAG -3.83 - -10.35%
  • SAH -0.40 - -2.28%
  • TM -5.99 - -5.45%
  • TRAK +0.00 - +0.00%
  • TSLA -3.25 - -1.65%
  • TTM -2.90 - -7.88%
  • VLKAY -2.11 - -6.85%
  • VROM

Featured News

IAS Buys AWG, AuctionMaster
Integrated Auction Solutions, LLC (IAS) has acquired the assets of AWG Simulcast (AWG) and AuctionMa...

Read more

Maserati Recalls Vehicles for Transmissions
Maserati North America Inc. is recalling 13,092 model year 2014 Quattroporte and Ghibli vehicles man...

Read more

ADESA Promotes within Dealer Services Team
ADESA announced two promotions within the dealer services team.
C.J. Lopez, previously major ...

Read more

Used Car Sales Flat as New Car Sales Surge
Used car sales are expected to come in flat this month, but new-car sales are on track for the best ...

Read more

IAS Buys AWG, AuctionMaster
Maserati Recalls Vehicles for Transmissions
ADESA Promotes within Dealer Services Team
Used Car Sales Flat as New Car Sales...

Used Car News | Home

Fiscal Cliff Threatens ABS Market

fiscalCliffStrengthening performance and issuance tailwinds in most U.S. structured finance sectors are likely to push growth further in 2013, according to Fitch Ratings in its outlook report. However, one key area to watch in the coming year will be the potential drag created by fiscal cliff-related issues.

The consumer asset-backed securities sector, which includes auto ABS, would be the most adversely affected by any resulting increase in unemployment and taxes. That said, Fitch believes the auto and credit card sectors are well positioned to withstand additional stress given the current very low level of delinquencies and losses.

The commercial real estate and corporate sectors may be impacted by increased tax rates, reduced spending and a decline in the growth of GDP.

Unresolved regulatory issues also have to potential to hold back the speed of the market's recovery.