Lithia $462M+ Lasar 2026-A near-prime auto ABS premarketing

Lithia Motors Inc. has initiated premarketing for its Lasar 2026-A securitization, a near-prime auto asset-backed securities (ABS) offering with a proposed size of $462 million or more [1]. The transaction is expected to be structured as a revolving pool, with a stated final maturity of 2026. The collateral will consist of retail installment sale contracts (RISCs) primarily secured by new and used passenger vehicles, sourced from Lithia’s dealership network.

The premarketing process involves presenting the transaction to potential investors, including details on the credit quality of the underlying assets, structural features, and expected performance metrics. The deal is being marketed as a near-prime offering, indicating that the underlying loans are expected to have credit profiles slightly below prime but still with a relatively low default risk.

Investors are being provided with preliminary offering memoranda and other due diligence materials to assess the risk-return profile of the transaction. The final structure and pricing will be determined based on investor feedback and market conditions.