S&P: Issuance Pace of Subprime Auto ABS Beats 2012

While the issuance of overall auto-related ABS is running behind 2012’s year-to-date figure, the sub-prime sector is actually ahead of the same time frame last year, according to a research note by Standard & Poor’s.

The agency said that so far in 2013, there has been issuance worth a total $11 billion, a number that includes an $891.14 million deal from Santander Consumer USA whose pre-sale report was released just yesterday.