Floorplan-backed securitizations all but disappeared in 2021. Nextgear Capital was the sole floorplan securitizer with a single $500 million transaction midyear. By comparison, in 2020, four floorplan lenders combined to securitize $4.4 billion of issuance, and in 2019, seven lenders issued $9.1 billion of floorplan asset-backed securities (ABS). In a nutshell, floorplan ABS plunged to […]
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