GM Financial Canada is preparing to offer $577.5 million in prime auto ABS notes
The undiscounted residual value composition is 77.54%, higher than prior GCOLT deals, such as the GCOLT 2021-1, which was 70.50%.
Source: americanbanker.com
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World OMNI prepares to issue $804 million in ABS secured by auto loans
Prime loans comprise the collateral pool, and the deal has a more diverse loan maturity profile than previous deals.
United States North Carolina South Carolina Auto Lease Securitization World Omni Financial Corp Lease Securitization Trust
Source: americanbanker.com
FAST turns over a new platform to raise $434.1 million, in auto ABS
Some 74.8% of the loans had original terms greater than 60 months, higher than 68.5% than the FAST 2020.
Nesbitt Burns Moody Investors Service Ford Auto Securitization Ford Auto Securitization Trust Ford Credit Canada Scotia Capital
Source: americanbanker.com
ACC Auto Trust readies $222.791 million in ABS notes on subprime fixed rate installment loans
The offering is the latest securitization in the fertile automobile ABS market
Source: americanbanker.com
High FICO scores and extended payments are key to up-and-coming Capital One Prime ABS
Both used and new cars make up the collateral in COPAR 2022-1
United States Pasquale Giordano Katrina Broski Wells Fargo Securities Mellon Trust Of Delaware Capital One
Source: americanbanker.com
America's Car-Mart heads to market with first rated ABS securitization
KBRA says the Southern subprime used-vehicle retailer’s experience brings credibility to the space
Source: americanbanker.com
After acquisition, FIAOT 2022-1 to issue $311 million in ABS | Asset Securitization Report
This deal appears to be the first since the Netherlands-headquartered multinational acquired First Investors in an all-cash transaction finalized last November.
Stellantis Financial Services First Investors Auto Owner First Investors Servicing Corporation Kroll Bond Rating Agency First Investors Auto Owner Trust First Investors
Source: americanbanker.com
OSCAR US 2022-1 prepares to issue $438.3 million in auto ABS notes
The collateral pool is comprised of receivables assets based in Japan, and several classes of the transaction will issue dollar-denominated notes.
Source: americanbanker.com
General Motors opens 2022 with a $1.2 billion auto ABS
While the mix of vehicle types in GMF originations is shifting, Chevrolet remains the top vehicle make in the 2022-1 deal, comprising about 57.5% of the pool.
New York United States Suvs Cuvs Gm Financial Consumer Automobile Receivables Fitch Ratings General Motors
Source: americanbanker.com
Will Biden's CFPB clamp down on subprime auto lenders?
Last month, prominent investor Steve Eisman pegged Credit Acceptance Corp. as his new big short, based on a belief the subprime auto lender and its industry may come under closer CFPB scrutiny under the new administration. Analysts are taking note, as well.
Source: americanbanker.com