GMAC subsidiary Ally Bank is in the market with a dealer floorplan securitization. The $546.9 million transaction is lead managed by Credit Suisse.
Preliminary details on the offering are available via the link below from the ASR Scorecard database.
More From Asset Securitization Report
Hyundai Floorplan sells $634.9 million in dealer floorplan revenue
Each manufacturer commits to repurchasing unsold new vehicles in inventory when the dealer terminates the agreement—if they are undamaged and unused.
Ford Credit raises nearly $1 billion from dealer floorplan revenue
Ford Credit Floorplan pays a fixed rate to ABS investors, while the dealers' assets pay a rate pegged to the flexible prime rate, so there is the potential of eroding excess spread.
GMCAR’ second issuance of 2025 raises $956.1 million
The WA original term is about 68 months for all three pools. That is shorter than the term on the previous series, but within the range of terms on recent deals.
NextGear floats $328.6 million in dealer floorplan receivables
The senior tranche will sell a mix of floating and fixed-rate notes, benefiting 22.5% in credit support. The class B notes are covered to a level of 15.0% and the tranche sells all fixed-rate notes.
Nissan markets up to $1 billion in dealer floorplan notes through two series
Revenue from auto dealer floorplan receivables will secure $920.2 million in class A notes from the Nissan Master Owner Trust Receivables, both series 2024-A and 2024-B, according to Moody’s Investors Service. Various Nissan entities have key roles on the deal, as Nissan Motor Acceptance is sponsor, servicer and administrator, and Nissan Wholesale Receivables is depositor, […]
