European Auto ABS: UK Portfolios Transition to Alternatively Fueled Vehicles
This is the first in a series of commentaries that discusses the transition towards alternatively fueled vehicles and the relevance for auto asset-backed securities (ABS). This commentary focuses exclusively on the United Kingdom. DBRS Morningstar reviewed recent vehicle fuel type-related trends in the auto ABS market and discusses their impact on transactions backed by auto loans and auto leases, including:-- UK market trends,
-- Relevance for auto ABS, and
-- Recent portfolio compositions.
DBRS Morningstar expects the collateral supporting receivables in auto ABS transactions it rates to continue shifting towards alternatively fueled vehicles.
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