Capital & Funding
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...
SCUSA’s Betty Jotanovic on expanded small-business financing
Santander Consumer USA is expanding small-business vehicle financing options to its dealer network in response to demand and as the...
VW Credit to stop originating US auto loans
Volkswagen Financial Services will no longer originate retail loans in the United States starting in April 2025; Wells Fargo Auto...
Retailers vie for squeezed used-vehicle supply
Used-vehicle supply is constrained, creating a competitive market for dealers and retailers looking to acquire used cars directly from consumers. ...
Space Coast CU bullish on auto despite market slowdown
Space Coast Credit Union is prioritizing auto lending despite an overall slowdown in finance volume in the market and increased...
Off the lot: Asset-backed lending pullback prompts funding concerns
The exit or pullback of companies in the asset-backed lending market raises the question of where finance companies will secure...
Solera Auto Finance to rebrand as Arra Finance
Solera Auto Finance will be rebranded as Arra Finance after asset management firm Obra Capital acquired the company. Solera Auto...
CarMax Auto Finance plans to issue nonprime ABS on ‘regular cadence’
CarMax Auto Finance plans to split its auto asset-backed securitizations between prime and nonprime offerings after issuing its first non-prime...
