Consumer ABS

General Motors priced an upsized, $1 billion subprime auto loan securitization

Ally Financial Inc. upsized its subprime auto deal, Capital Auto Receivables Asset Trust 2013-1, to $1.56 billion from $940 million.

The Term Asset-backed securities Lending Facility has turned a profit of $173 million, so far.

Hertz Corp. plans to launch a $750 million securitization backed by its rental fleet vehicles, according to a presale published yesterday by Moody's Investors Service.

Ford, Honda, BMW and First Investors have collectively added $3.18 billion of auto-related securtizations to the new issue pipeline, bringing volume sold or marketed so far this year to $8.7 billion.

GM Financial, formerly known as AmeriCredit, prepped a $975.2M auto Receivables backed securitization deal, bringing year to date auto related issuance to $5.0bn in January 2013.

Canadian Imperial Bank of Commerce is marketing a credit card receivables deal backed by a pool of approximately $13.4 billion in receivables called CARDS II Trust‘s series 2013-1.

Macquarie Bank is marketing $500 million of notes targeting the U.S. investor base under its Australian auto securitization deal, SMART ABS Series 2013-1US Trust

Santander Consumer USA priced its $1.25 billion securitization of subprime auto receivables called Santander Drive Auto Receivables Trust 2013-1.