Rising sales boost floorplan ABS performance | Auto Finance News | Auto Finance News

Rising sales boost floorplan ABS performance

Vehicles sit parked outside the Nissan Motor Co. manufacturing facility in Smyrna, Tennessee, U.S. Photographer: Luke Sharrett/Bloomberg

Floorplan asset-backed securities are performing well on the heels of rising vehicle sales in May and early June, according to a report issued by Fitch Ratings yesterday, diminishing former concerns that dealers might not have enough capital to pay their floorplan lines of credit.  Monthly payment rates (MPR) from dealers, the metric by which Fitch […]

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