| 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 |
| JP Morgan | 725.8 | 1 | 30.4 | 1 |
| Barclays Capital | 725.8 | 1 | 30.4 | 1 |
| Citigroup | 212.0 | 4 | 8.9 | 1 |
| Industry Total | 2,389.5 | – | 100.0 | 2 |
| Source: Thomson Financial | ||||
More From Asset Securitization Report
Yamaha Motor raises $400 million in ABS from dealer floorplan credits
The benchmark on the class A2 could change under certain circumstances, and the maximum allocation to the A2 notes will be 50% of the overall size of the A class.
Onslow Bay prepares to sell $452.7 million in ABS from HELOCs
First liens and junior liens account for 197 and 1,755 of the pool, respectively, DBRS said. They have unpaid balances of $30.5 million and $217 million, with FICO scores of 747 and 740 on a WA basis.
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.
Hertz issues two rental car ABS deals totaling $685 million
The transactions represent Hertz's 16th and 17th term ABS transactions from the Hertz Vehicle Financing platform.
