Auto Loans Weaken in July: Moody?s

The credit performance of both prime and subprime auto loans declined in July, according to two reports from the Structured Finance group of Moody’s Investors Service. 

Prime auto loans saw worsening loss rates in July compared with June and with July of 2006, according to the “Prime Auto Loan Credit Indexes” report from Moody’s analyst Rakesh Arora.