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,...
Capital & Funding
Floorplan lenders eye volume, acquisition growth in 2026Â
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 plansÂ
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 ratingsÂ
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 $2.2BÂ
Pagaya Technologies’ auto book grew in the third quarter as it secured more money to grow originations in a reflection...
Tricolor’s frantic end was sparked by a phone call from JPMorgan
Daniel Chu was in Italy, a world away from the sweltering Texas car lots he had built his fortune on,...
Subprime auto ABS market sees ‘stress’ as immigration enforcement mounts, DQs riseÂ
Subprime auto securitizations are experiencing heightened stress and increased delinquencies, while transactions with large concentrations of loans to immigrant borrowers...
