To date the performance of Fitch rated dealer floorplan ABS is within expectations with few signs of stress from the financial pressure being experienced at the manufacturer, captive finance company
and dealership levels.
The Company has repositioned itself in the independent automobile marketplace as an independent dealer group, providing point of sales financing through its captive finance company
Navigator Holdings, LLC owns and operates eight independent automobile dealerships ("Navigator Dealer Group LLC") and a captive finance company
("Navigator Acceptance LLC").
We're pleased to continue to expand our relationship with Subaru of America by offering additional products for dealers," said Marc Sheinbaum, CEO of Chase Auto Finance, which is Subaru's captive finance company
Fitch's criteria generally permit a one-notch differential in the IDR for a captive finance company
VCI, a captive finance company
, services Volkswagen, Audi and Bentley customers, authorized automotive dealers and their affiliated stores as Volkswagen Credit, Audi Financial Services and Bentley Financial Services.
If there was ever a time to come to the aid of a neighbor, now is it," said Jeff Edwards, vice president at Nissan Motor Acceptance Corporation (NMAC) Dallas, Nissan's captive finance company
which has its customer center in Dallas.
HMFC, a captive finance company
, joins an expanding group of lenders linked to the Web-based platform -- both to accelerate the entire dealer-to-lender relationship and to enhance the level of service and responsiveness provided to dealer customers.