| MANAGER ACTIVITY | ||||
| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| DEALER FLOORPLAN ABS | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| Deutsche Bank AG | 1,375.0 | 1 | 39.7 | 5 |
| JP Morgan | 875.0 | 2 | 25.3 | 4 |
| Citigroup | 500.0 | 3* | 14.4 | 1 |
| Banc One Capital Markets | 500.0 | 3* | 14.4 | 1 |
| Banc of America Securities LLC | 212.0 | 5 | 6.1 | 1 |
| Industry Total | 3,462.1 | – | 100.0 | 6 |
| Source: Thomson Financial | ||||
More From Asset Securitization Report
Portfolio managers see active fixed-income prospects in 2026
Investors expect economic growth to start accelerating this month and continue through April, as consumers benefit from tax cuts.
Westlake Flooring’s dealer floorplan ABS raises $230.9 million
WFLOOR 2025-1's annualized monthly yield, which averaged 20% since 2018, has been consistently higher than most other dealer floorplan trusts that Moody's rates.
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.
Volkswagen’s latest auto ABS sets out to raise up to $1.7 billion
Almost all the notes are fixed rate, except for the A2-B tranche which pay a coupon based on the one-month Secured Overnight Financing Rae (SOFR).
Regional Management pursues second ABS this year
Lender to consumers denied traditional credit raises $250 million after skipping 2023.
By
John Hintze
