Subprime auto ABS

Subprime Auto Watch: Biggest Auto ABS Movers (2026)

A source-backed subprime auto ABS watchlist for subprime auto delinquency rates, deep subprime auto loans, subprime auto loan default signals, biggest deterioration, improving deals, issuer shelves, vintage context, and direct chart links.

Deteriorating deals Deep subprime Issuers

Latest disclosure date in this tracker: 2026-09-24. Latest-window coverage (2026-08-25 onward) includes 79 rows: 59 rising, 13 falling, 7 flat. Explicit FICO-supported subprime/deep-subprime rows: 130; high-delinquency proxy rows: 18.

Watch-universe rows148

Avg current delinquency21.0%

Explicit subprime/FICO rows130

Deep-subprime rows127

Worst current dealCRVNA 2021-N2 (48.2%)

Top 10 deteriorating deals

Subprime auto ABS rows with the largest delinquency-rate increases

10 rows ranked by basis-point increase

Deal	Issuer	FICO evidence	Previous	Current	Move	Why included	Disclosure date	Chart
BLAST 2026-3	BLAST	Deep-subprime (56.2%)	2.04%	6.69%	+465 bps	FICO chart reports 56.2% deep-subprime concentration	2026-09-15	Open
EART 2026-3	EART	Deep-subprime (42.1%)	3.25%	7.20%	+395 bps	FICO chart reports 42.1% deep-subprime concentration	2026-08-31	Open
BLAST 2026-2	BLAST	Deep-subprime (56.3%)	10.1%	13.9%	+374 bps	FICO chart reports 56.3% deep-subprime concentration	2026-09-15	Open
BLAST 2025-4	BLAST	Deep-subprime (53.3%)	13.4%	16.2%	+277 bps	FICO chart reports 53.3% deep-subprime concentration	2026-09-15	Open
BLAST 2024-2	BLAST	Deep-subprime (62.9%)	25.9%	28.5%	+257 bps	FICO chart reports 62.9% deep-subprime concentration	2026-09-15	Open
BLAST 2025-2	BLAST	Deep-subprime (63.0%)	17.8%	20.4%	+254 bps	FICO chart reports 63.0% deep-subprime concentration	2026-09-15	Open
DRIVE 2021-1	DRIVE	Deep-subprime (45.4%)	23.9%	26.4%	+250 bps	FICO chart reports 45.4% deep-subprime concentration	2025-05-15	Open
AMCAR 2021-2	AMCAR	Deep-subprime (46.9%)	21.5%	23.9%	+248 bps	FICO chart reports 46.9% deep-subprime concentration	2026-01-23	Open
BLAST 2024-4	BLAST	Deep-subprime (62.3%)	22.2%	24.6%	+235 bps	FICO chart reports 62.3% deep-subprime concentration	2026-09-15	Open
DRIVE 2017-2	DRIVE	Deep-subprime (53.5%)	19.2%	21.5%	+231 bps	FICO chart reports 53.5% deep-subprime concentration	2021-12-15	Open

Top 10 improving deals

Subprime auto ABS rows with the largest delinquency-rate declines

10 rows ranked by basis-point decline

Deal	Issuer	FICO evidence	Previous	Current	Move	Why included	Disclosure date	Chart
SDART 2019-1	SDART	Deep-subprime (30.8%)	15.0%	12.1%	-293 bps	FICO chart reports 30.8% deep-subprime concentration	2023-04-17	Open
DRIVE 2018-5	DRIVE	Deep-subprime (51.6%)	24.7%	22.5%	-226 bps	FICO chart reports 51.6% deep-subprime concentration	2023-02-15	Open
EART 2021-3	EART	Deep-subprime (53.7%)	36.7%	34.5%	-217 bps	FICO chart reports 53.7% deep-subprime concentration	2026-03-31	Open
AMCAR 2018-2	AMCAR	Deep-subprime (47.4%)	16.3%	14.3%	-190 bps	FICO chart reports 47.4% deep-subprime concentration	2023-03-20	Open
AMCAR 2017-3	AMCAR	Deep-subprime (51.0%)	17.0%	15.2%	-178 bps	FICO chart reports 51.0% deep-subprime concentration	2022-03-23	Open
DRIVE 2019-1	DRIVE	Deep-subprime (48.6%)	21.2%	20.5%	-73 bps	FICO chart reports 48.6% deep-subprime concentration	2023-03-15	Open
EART 2021-2	EART	Deep-subprime (57.5%)	40.0%	39.3%	-68 bps	FICO chart reports 57.5% deep-subprime concentration	2026-03-03	Open
EART 2023-2	EART	Deep-subprime (41.3%)	26.9%	26.3%	-53 bps	FICO chart reports 41.3% deep-subprime concentration	2026-08-31	Open
EART 2023-3	EART	Deep-subprime (38.2%)	25.9%	25.4%	-51 bps	FICO chart reports 38.2% deep-subprime concentration	2026-08-31	Open
AMCAR 2021-1	AMCAR	Deep-subprime (43.3%)	16.1%	15.7%	-48 bps	FICO chart reports 43.3% deep-subprime concentration	2025-06-23	Open

Deep subprime spotlight

Highest current delinquency rows with deep-subprime FICO evidence

10 rows shown from 127 deep-subprime disclosure rows

Deal	Issuer	Deep-subprime FICO	Current delinquency	Move	Chart
CRVNA 2021-N2	CRVNA	57.9%	48.2%	+143 bps	Open
CRVNA 2021-N1	CRVNA	58.4%	46.6%	+130 bps	Open
CRVNA 2021-N3	CRVNA	50.5%	40.3%	+109 bps	Open
EART 2021-2	EART	57.5%	39.3%	-68 bps	Open
DRIVE 2021-3	DRIVE	50.0%	37.0%	+106 bps	Open
EART 2021-1	EART	56.7%	36.6%	+91 bps	Open
CRVNA 2021-N4	CRVNA	49.1%	36.1%	+71 bps	Open
EART 2021-3	EART	53.7%	34.5%	-217 bps	Open
EART 2021-4	EART	50.0%	33.3%	+88 bps	Open
DRIVE 2021-2	DRIVE	46.9%	32.5%	+111 bps	Open

Issuer heatmap

Subprime auto watch rows by issuer shelf

10 issuer rows ranked by mapped watch-universe coverage

Issuer / shelf	Rows	Avg delinquency	Avg move	Rising / falling / flat	Highest current deal
SDART	42	20.9%	+38 bps	32 / 7 / 3	SDART 2021-4 (27.6%)
EART	30	24.1%	+26 bps	18 / 9 / 3	EART 2021-2 (39.3%)
DRIVE	21	23.8%	+75 bps	17 / 3 / 1	DRIVE 2021-3 (37.0%)
AMCAR	21	17.2%	+59 bps	17 / 4 / 0	AMCAR 2021-2 (23.9%)
BLAST	12	20.6%	+244 bps	12 / 0 / 0	BLAST 2024-1 (29.0%)
CRVNA	6	32.3%	+117 bps	6 / 0 / 0	CRVNA 2021-N2 (48.2%)
CARMX	6	11.2%	+41 bps	5 / 1 / 0	CARMX 2021-3 (12.4%)
WOSAT	5	12.4%	+21 bps	3 / 2 / 0	WOSAT 2021-A (14.9%)
CMXS	4	13.9%	+57 bps	4 / 0 / 0	CMXS 2024-A (20.2%)
ESART	1	10.5%	-12 bps	0 / 1 / 0	ESART 2025-1 (10.5%)

Historical context

Subprime auto watch rows by vintage

Vintage context uses current DealCharts rows grouped by issuance vintage, not a long-run external index.

Vintage	Rows	Avg delinquency	Avg move	Rising / falling / flat	Highest current deal
2026	9	10.2%	+198 bps	9 / 0 / 0	SDART 2026-1 (14.4%)
2025	18	17.8%	+85 bps	15 / 2 / 1	DRIVE 2025-1 (23.4%)
2024	19	22.7%	+60 bps	13 / 3 / 3	BLAST 2024-1 (29.0%)
2023	16	22.2%	+15 bps	9 / 5 / 2	BLAST 2023-1 (27.3%)
2022	18	24.3%	+36 bps	13 / 4 / 1	EART 2022-2 (31.6%)
2021	23	27.7%	+88 bps	20 / 3 / 0	CRVNA 2021-N2 (48.2%)
2020	11	20.3%	+64 bps	9 / 2 / 0	EART 2020-3 (32.5%)
2019	11	18.4%	+19 bps	8 / 3 / 0	DRIVE 2019-4 (25.1%)
2018	13	18.5%	+20 bps	9 / 4 / 0	DRIVE 2018-2 (23.8%)
2017	10	16.2%	+83 bps	9 / 1 / 0	DRIVE 2017-2 (21.5%)

Methodology

How Subprime Auto Watch is built

Start with Auto ABS delinquency chart rows generated from SEC-filed servicer reports.
Parse the chart sentence for previous and current delinquency percentages.
Join FICO distribution chart rows and keep explicit Subprime or Deep-subprime FICO disclosures.
Add high-delinquency proxy rows above 10% current delinquency when FICO labels are not explicit.
Rank deterioration, improvement, deep-subprime spotlight rows, issuer heatmap rows, and vintage context from the same parsed data.

Boundary

FICO-supported watchlist, not a legal classification

Subprime Auto Watch uses disclosed FICO buckets where DealCharts has them and clearly labels high-delinquency proxy rows. It does not infer legal, rating-agency, or shelf marketing classifications when the public chart index does not support them.

Full Auto ABS tracker Auto ABS deals Ask Cairn

FAQ

Questions this subprime auto page answers

What is the current subprime auto delinquency rate in this tracker?

The current mapped Subprime Auto Watch average is 21.0% across 148 FICO-supported subprime, deep-subprime, or high-delinquency proxy Auto ABS rows. The latest disclosure date in the tracker is 2026-09-24.

Which subprime auto ABS deal is currently worst in the tracker?

CRVNA 2021-N2 has the highest current delinquency rate in this watch universe at 48.2%.

Does DealCharts classify legal subprime auto ABS shelves?

No. This page uses FICO distribution chart labels when they are present and separately includes high-delinquency proxy rows. It does not infer legal, ratings, or marketing classifications when the public chart data does not support them.

Where does the subprime auto watch data come from?

The page is built from DealCharts Auto ABS delinquency and FICO chart rows derived from SEC-filed servicer reports. Every table row links back to the deal page and the chart used for the parsed previous-to-current movement.