Borrowers Market $9 Billion of Deals Backed by Auto Loans Before CPI Release
- Honda, Stellantis, Hyundai, Harley-Davidson all tapping market
- More than $76 billion of auto ABS deals have priced in 2024
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At least 10 issuers are marketing deals in the US auto asset-backed securities market, with many hoping to finalize terms early this week to avoid potential volatility ahead of the latest consumer price index data release on Wednesday.
Vehicle makers like Honda Motor Co., Stellantis NV, Hyundai Motor Co. and Harley-Davidson Inc., as well as financial firms like Bank of America Corp. and Santander Bank, have brought around $9 billion of auto-backed ABS deals to kick off a busy start to the week, data compiled by Bloomberg News shows.