Bank of America Merrill Lynch expects issuance of securities backed by auto loans to hold steady in 2015 at about $100 billion. Continued growth in vehicle sales will be the driving factor; the bank’s economic team is looking for sales to increase 6.1% to 17.4 million units next year.  

So why isn’t BofA calling for a 6% increase in auto loan securitization? The larger larger banks lenders and credit unions have not been active in the securitization market, which is instead dominated by so-called captive finance companies, those affiliated with manufacturers.

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