| MANAGER ACTIVITY | ||||
| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| AUTO ABS | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| JP Morgan | 7,871.8 | 1 | 17.3 | 11 |
| Credit Suisse First Boston | 5,805.2 | 2 | 12.8 | 10 |
| Deutsche Bank AG | 5,349.0 | 3 | 11.8 | 9 |
| Citigroup | 4,389.3 | 4 | 9.7 | 6 |
| Bank One Capital Markets | 4,011.7 | 5 | 8.8 | 7 |
| Morgan Stanley | 3,873.9 | 6 | 8.5 | 7 |
| Banc of America Securities LLC | 3,512.5 | 7 | 7.7 | 7 |
| Barclays Capital | 3,068.8 | 8 | 6.8 | 8 |
| Merrill Lynch & Co Inc | 1,635.8 | 9 | 3.6 | 3 |
| Goldman Sachs & Co | 1,289.4 | 10 | 2.8 | 3 |
| Industry Total | 45,394.7 | – | 100.0 | 57 |
| Source: Thomson Financial | ||||
More From Asset Securitization Report
Lobel’s latest subprime auto ABS pool raises $223.8 million
Borrowers in the pool had a non-zero weighted average credit score of 608, with a 112.12% loan-to-value (LTV) ratio.
GLS raises $1.1 billion from subprime auto notes
The three class A notes, A1, A2 and A3, of GCAR 2026-2 notes will all benefit from hard credit enhancement levels, plus haircut to excess spread of 56.07%.
Global Lending ready to sell $225.3 million from auto loans
Transactions from 2024 are performing better than deals issued in 2023, and deals from 2025 and 2024 are performing well with in expectations.
Westlake Automotive raises $1.3 billion from retail auto contracts
While Westlake's customer accounts usually have credit bureau scores ranging from 500 to 700, the WLAKE 2026-1 collateral pool's non-zero weighted average credit bureau score was 620.
LADAR 2025-3 readies a $600 million auto ABS, its first prime deal
LADAR 2025-3's loss levels are notably lower than the rating agency's assumptions on the LADAR 2025-1 because the sponsor excluded borrowers with credit scores lower than 701 from the collateral pool.
