BMW Financial Services (BMWFS), GM Financial, Hyundai Capital America (HCA) and Santander Consumer USA (SCUSA) are the first issuers to enter the auto asset-backed securities market in 2022, injecting a combined $4.5 billion into the secondary market. Leasing issuances held the lion’s share of volume. Both BMWFS and HCA came to market with $1.3 billion […]