Q&A: Andrew Kang, director of capital markets at Santander Consumer USA
The subprime auto asset-backed securities sector accounted for $18 billion of a total $45 billion in auto ABS this year, or 10.7% of this year’s total ABS issuance, according to research from JPMorgan and Wells Fargo. Santander Consumer USA kicked in about $8.2 billion--nearly half of the subprime sector’s total volume. Andrew Kang, director of capital markets at Santander, spoke with SI senior reporter Marissa Capodanno about what he sees for 2013.
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