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Carvana ABS issuance volume down 55% YoY 

Nonprime issuance volume plummeted 78% YoY  

Joey Pizzolato

Meteoric rises in the Federal Reserve’s benchmark interest rate and widening credit spreads in the auto asset-backed securities (ABS) market is depressing Carvana’s ABS issuance volume, which is pacing well behind 2021 volumes.   Securitization volume year to date across prime and nonprime issuances has fallen 54.7% year over year to $2.47 billion when compared with […]

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