June losses of subprime auto lenders were 50% higher than a year earlier, according to Moody's Investment Services.

In a June survey of 106 securities linked to $18 billion in auto loans, Moody's said the greatest increases were in loan pools created by Consumer Portfolio Services Inc., First Merchants Acceptance Corp., and Union Acceptance Corp., where loan losses rose by 25% to 50%. KeyCorp's Auto Finance Group's transactions showed the greatest improvement, with losses falling about 10%, the debt rating agency said.

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