A pool of fixed-rate, retail installment sale contracts financing new and used vehicles, and extended to better qualified borrowers, will back the AutoNation Finance Trust 2026-3, which is set to raise $550 million in auto asset-backed securities (ABS).
A majority of underlying borrowers in the pool had a FICO score of at least 700, while only 6.2% of borrowers had a score below 650 or no FICO score at all, according to analysts at Fitch Ratings. That compared with 53.3% who had 700-plus FICO scores in the AutoNation 2026-2 series of notes, the rating agency said.
