Capital & Funding
Floorplan lenders see boost as banks pull back
Independent dealership floorplan financing providers First Business Bank and NextGear Capital’s floorplan financing portfolios have grown year to date as...
Porsche Financial Services adds EVs in prime ABS deal
Porsche Financial Services issued its first prime auto asset-backed securitization deal of the year, including electric vehicles for the first...
EVs help drive 6.7% year-over-year sales jump
Strong EV and hybrid sales are contributing to an industrywide jump in new-vehicle sales. Nearly every OEM reporting November sales...
Dealers push for more e-contract deals
Dealers are increasingly choosing e-contract transactions, prioritizing speed over more favorable terms. Auto loans originated via e-contract nationwide rose 28%...
Aston Martin to raise more cash after another profit warning
Aston Martin Lagonda Global Holdings Plc plans to tap investors for more funds as the luxury carmaker issued its second...
American Heritage FCU issues first auto ABS deal (Big Wheels)
American Heritage Federal Credit Union has issued its first auto asset-backed-securitization deal, pushing credit unions' total transaction volume for the...
Auto ABS volume up 11.5% YoY (Big Wheels)
Auto asset-backed securitization issuance volume has outpaced 2023, largely driven by substantial prime deals this month from lenders including Ford...
Nonprime new EV financing up 53% YoY
The share of nonprime consumers financing EVs rose sharply over the past year and has doubled since 2020. In the...
