Santander Consumer USA is in the market with Santander Drive Auto Receivables Trust 2011-1(SDART 2011-1). The eight-tranche offering, which is over $800 million, is backed by auto receivables.

The deal is Santander Consumer’s fourth securitization this year and twelfth securitization of auto receivables originated via the former Drive Financial Services platform since  Banco Santander bought Drive in December 2006, according to a DBRS presale report. 

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