CarMax, Mercedes-Benz, Toyota drive up ABS volume | Auto Finance News | Auto Finance News

CarMax, Mercedes-Benz, Toyota drive up ABS volume

© Can Stock Photo / labamba

Auto asset-backed securities volume has already outpaced last January’s levels, reaching $5.8 billion as of Jan. 17, a 9.4% increase compared with the prior-year period, according to JP Morgan Securities. A handful of lenders — including CarMax Auto Finance, Consumer Portfolio Services, Exeter Finance, GM Financial, Hyundai Capital America and Santander Consumer USA — bolstered […]

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