| 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 | 6,891.9 | 1 | 14.1 | 10 |
| Citigroup | 6,499.6 | 2 | 13.3 | 11 |
| Deutsche Bank AG | 6,028.7 | 3 | 12.4 | 11 |
| Merrill Lynch & Co Inc | 5,884.5 | 4 | 12.1 | 8 |
| Banc of America Securities LLC | 4,323.1 | 5 | 8.9 | 8 |
| Barclays Capital | 4,302.5 | 6 | 8.8 | 8 |
| Credit Suisse First Boston | 4,111.9 | 7 | 8.4 | 8 |
| Wachovia Corp | 3,712.5 | 8 | 7.6 | 8 |
| Goldman Sachs & Co | 1,841.0 | 9 | 3.8 | 2 |
| HSBC Holdings PLC | 1,826.8 | 10 | 3.8 | 3 |
| Industry Total | 48,759.9 | – | 100.0 | 47 |
| Source: Thomson Financial | ||||
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Smaller and largely unrated non-investment grade entities compose the assets, but the historical managed portfolio and securitized delinquencies and losses remain low, even during recessions.
