Capital & Funding
Wells Fargo Auto Originations Down 2% YoY
Via Flickr Wells Fargo Dealer Services saw a 2% year-over-year drop in originations -- at $8.1 billion -- in the third quarter, compared with $8.3...
Powersports Sales Down for 2016, So Far
LAS VEGAS -- ATV sales dropped 6% through September year over year, while motorcycle sales experienced a 2.2% drop, Erik Pritchard,...
Auto ABS Credit Shows Continued Deterioration, S&P Says
U.S. auto loan ABS continued to weaken in August, according to a report from S&P Global. Net losses and 60-plus-day...
CPS Diversifies Funding To Prep For Next Recession
With a recession on the horizon, Consumer Portfolio Services Inc. is “putting away acorns for a rainy day,” President and...
Toyota Preps For Public Lease ABS Program
MIAMI — Toyota Motor Credit Corp. is “laying the groundwork” for what it hopes will become a public lease securitization program, National...
Fitch: Subprime Auto ABS Losses Jump 27% YoY
Subprime auto ABS annualized net losses reached 8.9% in August, 27% higher versus the same time a year prior, according to...
Demand Outstrips Supply in TMCC’s Latest ABS Deal
MIAMI — Toyota Motor Credit Corp. was oversubscribed on its August $1.3 billion asset-backed securitization, due to greater investor demand,...
World Omni: Latest ABS Issuance Brings ‘Broad Investor Interest’ [VIDEO]
MIAMI -- World Omni Financial Corp. heated up the securitization pipeline for the second time this year with a $941.5 million...
