auto ABS Archives

Ford Credit, DriveTime prepare for downturn despite healthy consumer credit

GM Financial and Westlake Financial are the first entrants into the auto asset-backed securities market in 2023 following a less-than-favorable ...

2022 auto ABS issuance volume drops 17% YoY

byJoey Pizzolato

January 5, 2023

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Auto asset-backed securities volume dropped year over year as widening spreads and inflationary pressures created a less-than-ideal funding market for ...

2022 in review: EVs, technology and changing market share

byAmanda Harris

December 28, 2022

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Auto Finance News’ top-read stories in 2022 reflect electric vehicle (EV) finance strategies, technology advancements, debt challenges and changing market ...

Deep subprime loan terms fall to 8-year low

byAmanda Harris

December 16, 2022

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Loan terms fell to an eight-year low in October across deep subprime auto asset-based securities (ABS) transactions in tandem with ...

A Carvana Vending Machine location in Novi, Michigan, U.S., on Wednesday, Nov. 3, 2021. Hertz Global Holdings Inc., fresh off a blockbuster order for 100,000 Teslas, reached an exclusive agreement to supply Uber drivers with electric vehicles and signed up Carvana Co. to dispose of rental cars it no longer wants. Photographer: Emily Elconin/Bloomberg

Carvana ABS issuance volume down 55% YoY

byJoey Pizzolato

September 18, 2024

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Meteoric rises in the Federal Reserve’s benchmark interest rate and widening credit spreads in the auto asset-backed securities (ABS) market ...

Lendbuzz expands credit availability with JPMorgan

byAmanda Harris

November 28, 2022

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Artificial intelligence (AI)-based auto finance startup Lendbuzz is unlikely to issue in the capital markets for the remainder of the ...

ABS losses tick up in October

byAmanda Harris

September 18, 2024

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Annualized net losses ticked up across auto asset-backed securitization (ABS) transactions in October even as delinquencies improved sequentially for both ...