GMAC to signal continued compression in German autos

Tom Porter

July 02, 2014 01:00 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

GMAC Bank, the auto finance arm of General Motors, will look to plot the next price point on a recent convergence between the top names in German auto ABS and their slightly wider trading peers next week, after mandating banks for the seventh deal from its E-Carat German auto loan securitization platform.

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Tom Porter