Nissan Motor Corp. | Auto Finance News | Page 2 | Auto Finance News - Part 2

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 […]

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 […]

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 […]

RCI Bank and Services Positions Itself for Future Mobility

RCI Bank and Services grew its balance sheet to $46.6 billion, as compared to approximately $29 billion seven years ago, thanks — in part — to focusing its business model on mobility rather than just captive financing, Auto Finance News has learned. Formerly known as Renault Crédit International, RCI Bank and Services is a France-based automotive […]

OEMs May Raise Incentives on EVs, Experts Say

San Diego — Manufacturers may be forced to highly incentivize electric vehicles to comply with state laws, despite the cars’ continued low residual values, experts said during a panel discussion at the Auto Finance Risk and Compliance Summit last week.  Electric vehicles on the market today have not retained their value, which makes it more difficult for lenders to […]

Nissan Scouts Opportunities in Mobility for New Credit Card

Nissan Motor Co. is seeking mobility opportunities for its new Visa co-branded credit card, Auto Finance News has learned. The Visa consumer credit card, which was released May 4, is a creation between Nissan Motor Acceptance Corp. (NMAC) and Synchrony Financial. The card allows cardholders to earn points toward the purchase or lease of a new Nissan or certified pre-owned vehicle, automotive services, […]

Wireless EV Charging Offers Investment Options for Financiers

There is a massive rush to advance mobility, beyond just traditional rideshare, and the financing beneath the mobility infrastructure has caught the attention of many major automakers and captives. From Toyota Financial Services’s partnerships with Uber and Getaround, to General Motors Co.’s Book by Cadillac and Maven carshare programs, OEMs are making sure they remain […]
Page 2 of 4«1234 »