Securitisation and Regulation News

The car engine stutters, but auto ABS is gaining in importance

While the European automotive market experienced a significant slump in the second half of 2018 - diesel crisis, technical upheaval, fears of brexit and growing economic risks, to name but a few - the European ABS market continued to develop steadily at a growth rate of 1.3 %. With the exception of the UK, all markets reported higher transaction volumes for their new business. Most of the new transactions - almost half - came from Germany. The captives of the major manufacturers continue to dominate the market, led by Volkswagen, which further expanded its leading role in 2018 and now brought almost one third of all new car ABS transactions to market.

Auto-ABS as the backbone for refinancing German auto industries

Particularly in view of the technical upheaval in the automotive industry with all its financing requirements, ABS is becoming increasingly important as a financing instrument in the automotive industry. A trend that will certainly continue over the next few years under the STS regime. In this year's TSI events, especially the TSI Congress 2019, we will devote special attention to the subject of auto ABS. A good overview of all these developments can be found in Creditreform's Financial Research Report "Recent Developments in the European Car Market and Auto ABS Issuance Activity":

Go to Creditreform Rating Annual Report 2018