Two additional subprime auto securitizations were launched last week by Prestige Financial Services and Flagship Acceptance Corp., pushing the sector’s third-quarter asset-backed volume beyond $4 billion.

Prestige’s $335.2 million offering backed by originations from its indirect lending program is the first of the year for the Utah-based lender, which specialized in funding car buyers emerging from bankruptcy.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.