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Standard and Poor's

CarFinance Capital Completes $304 Million Asset-Backed Securitization

CarFinance Capital finalized its $304 million asset-backed securitization in a transaction that closed in late October.

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World Omni Financial Retains Strong S&P Ranking

World Omni Financial Corp./CenterOne Financial Services LLC has maintained its strong ranking since 2004, making it the only consumer finance, automobile loan and lease servicer in the nation to achieve this distinction.

Flagship Completes $222M Asset-Backed Securitization

The below-prime finance source also announces the completion of a new $100 million senior lending facility with Barclays Bank PLC, and plans to open a Western regional office in Phoenix, Ariz.

Santander, Third-Party Investors Eyeing DriveTime

DriveTime’s vehicle financing portfolio is expected to be purchased by Santander Consumer USA, while third-party investors are looking to purchase the buy-here, pay-here group’s operations and facilities.

S&P Reaffirms World Omni/CenterOne’s Strong Servicer Ranking

World Omni Financial Corp/CenterOne Financial Services keeps its strong rating with Standard & Poor’s for the eighth year.

Defaults Pick Up for All Credit Segments Except Auto, S&P/Experian Reports

Auto loans were the only credit segment to experience a decrease in defaults in September, falling to 1.29 percent from August’s 1.31 percent, according to the S&P/Experian Consumer Credit Default Indices.

Auto Loan Default Rate Up Slightly in August, S&P/Experian Says

Data from the S&P/Experian Consumer Credit Default Indices indicated that the auto loan default rate inched up from July to August.

Default Rates Drop in June

Falling from 1.29 percent to 1.27, the auto loan default rate continued to improve along with other credit categories in July, according to the S&P/Experian Consumer Credit Default Indices.

Falling Demand Forcing Manufacturers to Respond, CNW Reports

The downgrade of U.S. debt and the 400-point swings of the Dow Jones Industrial Average last week didn’t sit well with consumers, according to CNW’s preliminary data for August. The good news is automakers are responding by boosting incentive spending. But will it be enough?

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Industry Reacts to S&P Downgrade

The head of at least one key financial services association doesn’t expect the auto finance segment to be severely impacted by the downgrade of U.S. debt, but the impact on consumer confidence remains a question.