Moody's Investors Service | Auto Finance News | Page 7 | Auto Finance News - Part 7

Mercedes and BMW First to Market in 2015

Mercedes Benz Financial Services USA and BMW Financial Services LLC were the first auto lenders to come to market with securitizations in 2015, with two new issuances backed by auto lease contracts. The Mercedes Trust 2015-A totals $1.67 billion with a weighted average seasoning of 11 months and a weighted average Fico of 782 and […]

Moody’s: Auto ABS May Remain Flat in 2015, Loan Terms to Get Longer

Auto ABS issuance will “rise only slightly,” or remain flat in 2015, according to a 2015 outlook released in mid-December by Moody’s Investor Services. Year-to-date auto ABS issuance topped $93 billion through November, exceeding the $88.7 billion of volume issued in 2013. Meanwhile, ABS credit quality will decline “modestly” compared with performance in existing securitized pools, as lenders gradually relax tight […]

Moody’s Analysts: Where Auto ABS Is Heading

It's Day Two at the ABS East Conference in Miami Beach and, while walking to a panel about new regulatory oversight, AFN caught up with the auto team from Moody’s, SVP Mack Caldwell, and VP Corey Henry. Caldwell and Henry said that the overriding theme in the auto ABS market is that underwriting standards are still rational. Most of the consensus Caldwell and Henry have heard is that today’s auto ABS market is very much a lesson learned from the 1990s.
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