Auto issuance expected to defy headwinds in 2015

Autobahn
By Ryan Bolger
10 Dec 2014

Market participants are expecting 2015 to be an even bigger year than 2014 for prime and subprime auto ABS issuance, even as rising delinquencies and strong competition among issuers push up yields for new transactions.

Auto ABS issuance is expected to reach $102bn in 2015 — higher than the $96bn issued so far this year, and the $88bn issued in 2013 — but weaker collateral backing the deals could result in worse performance for the asset class, said Standard & Poor's in a ...

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