Though paltry in comparison to previous quarters, credit cards continued to dominate new issuance in the consumer ABS market, as it has for the past year.

However, the numbers don't show a bright future for the sector, with only $9.86 billion in issuance in 3Q08, according to the ASR Scorecards Database, a nosedive from the $20.7 billion in issuance in 2Q08 and 29.7 billion in 1Q08.

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