Capital & Funding
Ent Credit Union issues inaugural auto ABS deal
Ent Federal Credit Union has issued its first-ever auto asset-backed securitization deal as credit unions turn to capital markets amid...
UAW strike may prompt increased recovery rates
A prolonged United Auto Workers strike could reduce vehicle production and limit new-vehicle inventory, potentially prompting an uptick in new-...
Asbury Automotive’s $1.2B deal for Koons highlights dealership M&A strength
The deal Asbury Automotive inked last week to acquire Jim Koons Automotive Companies for $1.2 billion, the largest auto retail...
Carvana preps third subprime auto ABS deal of 2023
Carvana is originating a higher share of nonprime loans than in past years amid improved spreads, as reflected in its...
Subprime auto ABS servicers build support as losses rise
Certain servicers of subprime auto asset-backed securitization transactions are forgoing their fees and helping build credit enhancement as cumulative net...
Podcast: ‘Weekly Wrap’ takes on auto ABS market, powersports
Banks continued to tap the auto asset-backed securitization market last week to offload consumer debt amid shrinking deposits. Fifth Third,...
Under the Hood: Lenders spice up funding routines
Financiers are getting creative in the securitization market as investor demand spurs auto-backed issuance. Seasoned issuers are finding new ways...
JPMorgan, Wells Fargo, Citigroup top auto ABS underwriters in H1 2023
JPMorgan Securities, Wells Fargo Securities and Citigroup landed as the top three underwriters of auto asset-backed securities deals in the...
