NMAC to Funnel More Loans to Santander, Exeter to Curb Delinquencies

Nissan Motor Acceptance Corp. plans to lean “more aggressively” this year on subprime partners Santander Consumer USA and Exeter Finance Corp. in an effort to reduce delinquencies while bolstering sales, President Kevin Cullum told Auto Finance News. “If a customer application comes in from our dealer that doesn’t fit our customer profile, we automatically pass […]
  • Natalie Mattila
  • January 12, 2018
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NMAC to Overhaul Wholesale Management System After Delay

Nissan Motor Acceptance Corp. plans to overhaul its wholesale management system by September to provide dealers with real-time functionality, the captive’s President Kevin Cullum told Auto Finance News. The long-term project kicked off in August 2016, with an aim to be completed within 18 months, but the project has ended up taking longer for a number […]
  • Natalie Mattila
  • January 9, 2018
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NMAC Eyes Opportunities in User-Based Leasing

Connected car technology offers a unique opportunity to revolutionize traditional finance, such as offering user-based insurance and leasing, Kevin Cullum, Nissan Motor Acceptance Corp.’s president, told Auto Finance News. User-based insurance (UBI) “has great momentum behind it,” he said, and that technology could roll over to auto finance along the lines of user-based leasing. UBI […]
  • Natalie Mattila
  • January 3, 2018
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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 […]
  • Natalie Mattila
  • December 18, 2017
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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 […]
  • Emma Sandler
  • December 14, 2017
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Nissan Adds $1.3 Billion to Leasing ABS Pipeline

Nissan Motor Acceptance Corp. issued its second auto-lease securitization of the year — worth $1.3 billion — backed primarily by three-year lease contracts for new Nissan and Infiniti vehicles through franchised dealers. While credit quality is improving, the securitization’s performance could be impacted by deteriorating residual values of off-lease vehicles, according to a presale report […]
  • Emma Sandler
  • October 5, 2017
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Gearing Up for Retirement, NMAC VP Talks 32 Years of Industry Change

Nissan Motor Acceptance Corp. Consumer Debt Vice President of Operations Mike McConnell has a seen a lot of change in the industry in the course of his nearly 32 years working within automotive sales and finance. When McConnell initially joined the auto space, there was one computer in the office and everything was manual — […]
  • Emma Sandler
  • October 5, 2017
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Average Fico Drops in Nissan’s Latest ABS Issuance

The weighted average Fico score in Nissan Motor Acceptance Corp.’s latest securitization dropped 3 points to 772 — as compared to the captive’s previous transaction — yet still ranks among the highest credit quality of issuances that Moody’s Investors Service has rated, according to the presale report released last week. “Nissan’s Fico score is currently […]
  • Huixin Deng
  • August 15, 2017
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NMAC Makes Several Management Changes

  Shortly after installing a new president of Nissan Motor Acceptance Corporation (NMAC), the captive announcing a couple other executive changes, according to a press release today. After almost 32 years working with Nissan, Mike McConnell, vice president of operations for NMAC, will retire on Aug. 31. He will be replaced by Andres de la Parra, the current […]
  • Emma Sandler
  • August 4, 2017
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NMAC Penetration Dips Despite Nissan’s Climb in Sales

Nissan Motor Acceptance Corp. saw a dip in market penetration for both leases and retail sales during its fiscal-year first quarter, despite Japanese automaker Nissan Motor Co.’s strong sales, according to the OEM’s earnings call today. Nissan — whose fiscal year ended March 31, marking April through June as its first quarter — experienced a […]
  • Emma Sandler
  • July 27, 2017
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