CarMax Auto Finance (CAF) has launched a $1.14 billion securitization of used prime car and truck loans, adding to market momentum behind a quick start to the auto ABS market in 2017.

The CarMax Auto Owner Trust 2017-1 is among six asset-backed transactions so far this year involving both prime and subprime auto loan and lease pools identified through ratings agency presale reports and regulatory filings. Both Ford Motor Credit and Consumer Portfolio Services are set to close on recent deals, and Hyundai Capital America has introduced the year’s initial collection of collateralized leases.

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