Strong auto sales are driving an increase in auto floorplan securitization, according to Moody's Investors Service.

Floorplans are financing, generally lines of credit, used by dealerships to fund the purchase of cars and trucks from manufacturers. When they resell these vehicles to consumers, moving them off the lot or showroom floor, the financing is paid down. Securitizing this financing allows manufacturers to get the financing off of their balance sheets.

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