Ford Credit ABS increases excess spread to pad losses
Ford Motor Credit increased its excess spread by 42 basis points in its latest asset-backed securitization issued this week, according ...
Tag: Premium
Used-vehicle values crash to 3-year low
Wholesale used-vehicle values in April were unable to bounce back from Manheim’s first mid-month progress report, falling 11.4% from March. ...
Big Wheels: Outstandings hit record $1.2T despite slowdown
The auto finance market eked out 4.6% in growth in 2019, as loan and lease outstandings hit an all-time high ...
J.D. Power: Nation’s auto market signals recovery
The U.S. auto market is showing signs of recovery after shelter-in-place orders, spurred by the coronavirus pandemic, depressed retail sales ...
GMF has $3.7B for potential residual value declines
GM Financial is gearing up for potential losses on off-lease residual values as the extent of the COVID-19 economic crisis’ ...
F&I revenues climb at Group 1, fall off at Asbury
Automotive retailers Asbury Automotive and Group 1 Automotive are increasing cash reserves as vehicle sales drop amid the coronavirus pandemic, ...
Weekly Update
Auto Finance News Update: February 6, 2020 Auto Finance News Update: January 30, 2020 Auto Finance News Update: January 23, ...
Big Wheels: YOY Growth Slows at Nation’s Top 10 Financiers
Loan and lease outstandings increased 2.2% last year for the nation’s 10 largest auto financiers, and two top-10 players recorded ...
