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Exeter taps tech provider to improve operational performance

Exeter Finance will leverage a new partnership with software provider Nextworld to spur development of web-based digital applications, according to a company press release. Irving, Texas-based Exeter last week signed a five-year contract with NuVerge – a software and tech firm – to use Nextworld’s technology. NuVerge is Nextworld’s formal reseller. The nonprime financier will […]

Auto ABS Volume Closes In on $60B

Year-to-date auto securitization volume hit $57.8 billion at the end of April, with prime loan issuance accounting for the lion’s share of transactions, according to research released today by Deutsche Bank. Prime loan securitization volume totaled $23.7 billion, and subprime volume reached $12.8 billion. The remaining volume was comprised of retail lease ($9.8 billion), fleet […]