Rising sales boost floorplan ABS performance

• Joey Pizzolato
• June 25, 2020
• Capital Markets, Risk Management

Floorplan asset-backed securities are performing well on the heels of rising vehicle sales in May...

Dealer woes spur negative floorplan ABS outlook

• Nicole Casperson
• April 13, 2020
• Capital Markets, Risk Management

Dealers may not have the financial stability to repay floorplan credit lines as the COVID-19...

CarMax, Mercedes-Benz, Toyota drive up ABS volume

• Nicole Casperson
• February 3, 2020
• Capital Markets, Sales & Marketing

Auto asset-backed securities volume has already outpaced last January's levels, reaching $5.8 billion as of...

Asbury Automotive amends $1.5b credit facility

• Joey Pizzolato
• September 27, 2019
• Capital Markets

Asbury Automotive has “amended and reinstated” its five-year, $1.45 billion syndicated senior credit facility, the...

Newly minted Daimler Mobility to focus on ride-hailing

• Joey Pizzolato
• July 24, 2019
• Earnings, Innovation & Technology

To coincide with its rebranding to Daimler Mobility AG, the captive lender formerly known as...

Mercedes-Benz Financial fosters innovation to drive originations

• Nicole Casperson
• July 17, 2019
• Innovation & Technology, Risk Management

Mercedes-Benz Financial Services’ focus on ushering a culture of innovation, collaboration, and new mobility fronts...

Group 1 extends $1.8B syndicated credit facility

• Joey Pizzolato
• July 1, 2019
• Capital Markets

Group 1 Automotive has extended its $1.8 billion revolving syndicated credit facility with 23 financial...

New MBFS Sales Exec Zeroes In on Tech Innovation

• Nicole Casperson
• March 28, 2019
• Innovation & Technology, Risk Management, Sales & Marketing, Update

Mercedes-Benz Financial Services USA plans to use artificial intelligence and machine learning to further adapt...