Auto-loan securitizations encompassed 9% of the total European ABS volume during the year 2000, according to a recent report by Moody's Investors Service. The market also saw some unique deals come to market.
Fiat offered it's first deal last year. The EURO965 million transaction that launched in August was not only Italy's first auto-loan securitization, but the largest European transaction of that asset class. Sources have hinted that Fiat will come to the market sometime this year, securitizing its portfolio of German auto loans.