Auto loans have been one of the busiest asset classes in the securitization market, but new issuance has been largely dominated by the so-called captive finance companies that lend to consumers buying cars and trucks sold by their parent companies.

Banks, by comparison, have been largely reluctant to securitize the auto loans they make. Cheap deposits are plentiful, so funding these loans isn’t an issue, and auto loans are attractive assets to keep on their balance sheets.

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.