Porsche ABS deal reveals changes in luxury market (Under the Hood)
PFS issued $912M auto ABS deal in October
Porsche Financial Services‘ latest loan securitization was its smallest since the captive reentered the ABS market in 2023, yet the loans backing the trust’s securities have grown 35%. Despite these higher vehicle prices, financing terms have largely remained in the 61- to 72-month range. In other words, buyers are keeping pace with Porsche vehicles’ steep […]
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