At least one auto loan-backed deal is coming down the pike in Mexico, with Scotiabank Inverlat rumored to have the mandate, according to sources. The transaction, a debut for the sector, is unlikely to spur a mad rush in the short term, but a few factors point to further deals next year.

For starters, originators are talking to bankers about branching out from their myopic reliance on plain-vanilla issuance. So far, Ford Motor Credit, GMAC, Volkswagen and DaimlerChrysler have issued paper.

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