While automobile loans have displayed some increasing defaults in recent months, the absolute level of defaults remains low, especially within Prime Auto ABS loans.
Automobile ABS, with a focus on Mercedes and BMW
![C Class vs 3 Series-GL](https://emadzikry.com/wp-content/uploads/2023/09/C-Class-vs-3-Series-GL.jpg)
While automobile loans have displayed some increasing defaults in recent months, the absolute level of defaults remains low, especially within Prime Auto ABS loans.