Given that the subprime auto ABS market has rebounded in the last three years, Wells Fargo believes that the new-issue volume in the sector “should easily” exceed last year’s $12.6 billion. 

Issuance in subprime autos now stands at $10.6 billion year-to-date, increasing from $8.2 billion from the same time in 2011, Wells Fargo said.

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