EV credit elimination could contribute to higher losses in ABS deals
Expiration of federal tax credits for new and used electric vehicles could contribute to price volatility, hurting recoveries and leading...
Capital & Funding
Auto delinquencies rise 88 bps across securitized nonprime loans
Early-stage delinquencies rose across prime and nonprime securitized auto loans in October, while net losses improved, and auto asset-backed securitization...
S&P says Prestige’s halting of loan originations likely won’t affect ratings
Auto lender Prestige Financial Services’ decision to stop originations is not expected to negatively affect ratings across its securitization transactions,...
Floorplan lenders eye volume, acquisition growth in 2026
Floorplan financiers are seeing steady volume headed into yearend and expect an uptick in 2026, driven in part by growth...
Inside Autonomy’s $25M funding, expansion plans
Electric vehicle subscription company Autonomy will double the size of its fleet and expand beyond Tesla vehicles after securing a $25 million investment. The...
S&P lowers Tricolor auto ABS ratings
Unpaid interest across six classes of notes in Tricolor Auto’s asset-backed securitization deal rated by S&P Global has prompted the agency to reinstate and lower its...
Porsche ABS deal reveals changes in luxury market (Under the Hood)
Porsche Financial Services‘ latest loan securitization was its smallest since the captive reentered the ABS market in 2023, yet the...
Pagaya auto run rate rises 10% to $2.2B
Pagaya Technologies’ auto book grew in the third quarter as it secured more money to grow originations in a reflection...
