Cost of funds rises in ABS market amid uncertainty | Auto Finance News | Auto Finance News

Cost of funds rises in ABS market amid uncertainty

© Can Stock Photo / Elwynn

Five prime and subprime auto lenders brought $5.1 billion of asset-backed securities to market this week, marking one of the most active weeks in capital markets since the coronavirus outbreak. Yet, the cost of funds for auto issuers entering the market continues to rise as the spread and peak of coronavirus pandemic remains uncertain. Ford […]

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