Moody's Investors Service | Auto Finance News | Page 3 | Auto Finance News - Part 3

BMW’s First Loan Issuance in 2 Years Provides Portfolio Insights

BMW Financial Services issued its first North American securitization deal in two years, and the parameters of the transaction reflect the rising loan term environment seen across the industry. BMW’s 2018-A transaction backed by $1.4 billion in auto loans has the highest average loan term — 63 months — of any of its issuances dating […]

NMAC Sets Goal of 100% Auto-Decisioning, President Says

Nissan Motor Acceptance Corp. will invest “significant resources” in technology over the next few years — starting in 2018 — to allow the captive to be open 24/7, President Kevin Cullum told Auto Finance News. “Customer demand for online shopping and financing is really driving our businesses, and it’s vital that we invest in new […]

Moody’s Highlights Residual Value Concerns of Battery EVs

Residual values for battery-electric-vehicles (BEVs) remain an issue for the auto industry, particularly for auto lease-backed securities, according to a report from Moody’s Investors Service. Compared to internal-combustion-engine (ICE) vehicles, BEV cars suffer from higher residual uncertainty because of three primary reasons. The first is the lower predictability of BEVs’ value proposition compared to ICE vehicles. […]

NMAC’s Third ABS Shows Higher Fico, Longer Terms

Nissan Motor Acceptance Corp. closed its third ABS of 2017 yesterday, to the tune of $1.5 billion, and featured a higher Fico and longer loan terms than previous 2017 securitizations. The 2017-C securitization is backed by prime-quality retail installment auto loan contracts including a mix of prime receivables, backed by cars, crossover vehicles, sports utility […]

Auto Securitizations Become ‘Less Important,’ Moody’s Says

While Moody’s Investors Service indicated that auto securitizations are becoming “less important,” a separate report from S&P Global indicates that the sector is stable. “Of the approximately $1.1 trillion in outstanding auto loans, 14% are financed through securitizations,” according to a report from Moody’ released Tuesday. That is less than the approximately 20% funded through […]

Powersports Lenders Pull Back on Securitizations as Whole Loan Market Heats Up

While there may be only two issuers in the powersports asset-backed securitization space, the market is notably slowing as both companies have foregone issuing transactions this year. But the pullback is not due to a lack of investor demand, Tom Baurle, managing director of investment banking and structured finance at Oak Ridge Financial, told Powersports Finance. […]
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