American Honda Finance Corp. | Auto Finance News | Page 2 | Auto Finance News - Part 2

Captive Finance Overtakes Banks in 2017 Loan Originations

Captive finance companies saw an increase in auto loan originations in 2017 compared to last year, beating out most banks, according to a new report from CU Direct and AutoCount. Toyota Financial Services reached to No. 2 in 2017, up from No. 6 in 2016, as its originations grew 41% to 1.1 million. American Honda […]

Auto Securitization Report Highlights Riskier Outliers

AmeriCredit and Santander Consumer USA stand out as the two lenders securitizing auto loans with an average loan term above 70 months and below a 600 credit score, according to the latest report from DBRS. In AmeriCredit’s most recent issuance included in the report the lender had an average credit score of 580 and an […]

5 Powersports OEMs Tackle Slow Season With Finance Offers

There is a lull in the season that hits around the fall and wintertime for powersports, as colder weather causes consumers to store their motorcycles. However, manufacturers are tackling the slow season with value-added bargains. From low-rate financing to customer cash-back offers, OEMs are ramping up incentives to help bolster new sales and help clear […]
  • Natalie Mattila
  • December 14, 2017

DBRS Highlights New Asset-Level Data in Auto ABS Transactions

Independent rating agency DBRS detailed an in-depth look at new asset-level data provided within its database of publicly issued auto ABS transactions — and the risks associated with these pools — in a report released this month. Starting in November 2016, lenders issuing public auto ABS transactions were required to disclose loan-level data about the […]

Honda Issues Third ABS of 2017 for $975 Million

American Honda Finance Co. issued its third securitization of 2017, this time for $975 million dollars. The captive’s first ABS was issued in January at $1.2 billion, and the second was issued in June valued at more than $1 billion. Honda Auto Receivables 2017-3 Owner Trust is backed by prime auto loans with a weighted […]
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