Ally launched two transactions backed by dealer floorplan receivables Friday, capping a week where primary securitization volumes were largely driven by the asset class.

The two Ally's transactions, which total $671 million, will be issued from the same master owner trust. The shorter dated series 2015-1 will offer  ‘AAA’ rated securities that mature January 2017; the series 2015-2’ 'AAA’ notes mature January 2019. Fitch Ratings has assigned ratings to both series of notes but will not rated the class B, C, D and E notes of the offerings.

The deal follows pricing on $1.7 billion of securities backed by the asset class this week and two series of notes marketed by Ford Motor Credit Co. By comparison, Ally’s triple-A notes benefit from higher credit enhancement at 26.5%; Nissan’s deal which priced last week had credit enhancement at 19.4% and Ford’s, triple-A rated note have credit enhancement at 24.38%.

Like those deal, Ally’s is pooling receivables that are secure by mostly new cars. As of Jan. 6, 2015, the AMOT, eligible, wholesale receivables pool totaled $16.6 billion. Of this amount, new vehicles financed accounted for 90.3% and used vehicles were 9.7% according to Fitch. Credit Suisse is the lead underwriter.

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