UK auto ABS treated to more supply as GMAC mandates

Tom Porter

September 03, 2014 02:00 PM

GMAC — HOLD FOR BUSINESS PHOTO-- The sun is reflected in the grill of a 2013 GMC Yukon Denalli AWD on Tuesday, July 23, 2013 in Pittsburgh. (AP Photo/Gene J. Puskar) | Gene J. Puskar/AP/Press Association Images

Hungry buyers of sterling denominated auto ABS will be treated to more supply next week after GMAC UK mandated banks for its fourth UK E-Carat transaction, following on from Volkswagen’s Driver Two trade priced on Wednesday.

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Tom Porter