Synthetic auto securitization volume nears 2021 peak
Auto lenders are increasingly using synthetic risk transfer securitizations to offload part of the portfolio’s credit risk to third-party investors…
Vroom, pressed for capital, shutters e-comm
Vroom is discontinuing its e-commerce and used-vehicle dealership businesses as the retailer faces ongoing liquidity challenges. The retailer on Jan….
Auto lease ABS issuance hits 10-year high
Auto lease asset-backed securitization issuance volume reached a 10-year high this year, led by captive finance companies. “Retail auto lease…
Ford expands EV offerings to all US dealers to juice sales
Ford Motor Co. will sell its lineup of electric vehicles through all 2,800 of its US dealers in a bid…
Honda Powersports launches nonprime financing with Octane
Powersports lender Octane has inked an agreement with Honda that allows nonprime customers to finance Honda powersports products for the…
Average monthly new-vehicle loan payment hits $761 in June
Consumers are slowing purchases and auto lenders are tightening credit standards as auto loan delinquencies and monthly payments continue to…
US credit risk gauge shows fear rising as tariffs loom this week
A gauge of credit risk rose on Monday as looming tariffs stoked concerns of an economic slowdown and stock markets fell. The…
Source One, Octane invest in digital financing
Powersports lenders are gearing up for increased demand in 2025 by streamlining the financing process with technology though consumers in…
Inside Octane’s inaugural RV, marine securitization
Powersports lender Octane Lending is expecting double-digit origination growth in its RV and marine segments in 2025. The New York-based…
US jobs post smallest gain in six months as unemployment rises
US employers scaled back hiring in April and the unemployment rate unexpectedly rose, suggesting some cooling is underway in the…
Used vehicle values jump 4% YoY in April (Big Wheels)
Used-vehicle values are seeing a boost as consumer demand rises amid tariff concerns. The Exponential Used Vehicle Index, measuring wholesale prices of…
US consumer confidence drops on broad concerns about economy
US consumer confidence unexpectedly declined in June, underscoring lingering anxiety about the potential impacts on the economy and job market…
Mazda renews Toyota private label agreement
Mazda North American Operations has renewed its private-label financing agreement with Toyota Motor Credit Corp. Mazda Financial Services (MFS)…
Big Wheels: $91.2B in auto ABS volume outpaces 2023
Auto asset-backed securitization volume is steadily climbing as weekly reports through the first half of 2024 continue to outpace year-to-date…
Trump’s auto tariffs, threats on allies intensify trade war
President Donald Trump signed a proclamation to implement a 25% tariff on auto imports and pledged harsher punishment on the EU and…