AmeriCredit’s third subprime auto loan securitization for the year displays the company’s recent shift toward more new car originations with lengthier terms.

AmeriCredit Automobile Receivables (AMCAR) Trust 2016-3 is a preliminary $1.025 billion issuance of fixed and floating rate notes split among seven classes of senior and subordinated classes. The deal could be upsized to $1.3 billion by the time of closing, according to presale reports from Standard & Poor’s and Fitch Ratings.

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