Santander Consumer USA is in the market with a $526.3 million auto receivable deal named Santander Consumer Acquired Receivables Trust 2011-S1 (SCART 2011-S1) managed by Citigroup Global Markets.

The collateral consists of an equity interest in CitiFinancial Auto Issuance Trust 2009-1 (CFAIT 2009-1), which is the underlying issuing entity, and the funds on deposit in the CFAIT 2009-1 reserve account.

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