Dealer woes spur negative floorplan ABS outlook | Auto Finance News | Auto Finance News

Dealer woes spur negative floorplan ABS outlook

© Can Stock Photo / Apriori

Dealers may not have the financial stability to repay floorplan credit lines as the COVID-19 economic crisis collapse vehicle sales and dealer revenue, Fitch Ratings announced this afternoon. As a result, the performance of dealer floorplan asset-backed securities has been revised to negative. The outlook change reflects the $20.2 billion of notes outstanding Fitch rated […]

Get Auto Finance News Premium for as low as $8 per week!

Start your free one week trial today for access to the latest industry news and trends.

Subscribe

Latest Magazine Issue
Sign Up Email List