05/06/2024 | Press release | Distributed by Public on 05/06/2024 12:05
Accrued Interest Date: |
3/25/24
|
Collection Period Ending:
|
3/31/24
|
||
Current Payment Date: |
4/25/24
|
Period:
|
9 |
Balances
|
|||||||||||||||||
Initial
|
Beginning of Period
|
End of Period
|
|||||||||||||||
Pool Balance
|
$ |
1,670,093,594.79
|
$ |
1,187,451,828.03
|
$ |
1,138,896,035.38
|
|
||||||||||
Yield Supplement Overcollateralization Amount
|
$ |
131,629,368.54
|
$ |
78,457,653.04
|
$ |
73,642,969.07
|
|
||||||||||
Adjusted Pool Balance
|
$ |
1,538,464,226.25
|
$ |
1,108,994,174.99
|
$ |
1,065,253,066.31
|
|||||||||||
Reserve Account
|
$ |
3,846,160.57
|
$ |
3,846,160.57
|
$ |
3,846,160.57
|
|||||||||||
Overcollateralization
|
$ |
38,464,226.25
|
$ |
38,461,605.66
|
$ |
38,461,605.66
|
|||||||||||
Notes
|
|
Ratio | |||||||||||||||
Class A-1 Notes
|
$ |
350,000,000.00
|
|
-
|
|
-
|
|
0.0% |
|||||||||
Class A-2a Notes
|
$ |
345,000,000.00
|
$ |
292,778,545.56
|
$ |
264,034,388.43
|
|
25.7%
|
|||||||||
Class A-2b Notes
|
$ |
180,000,000.00
|
$ |
152,754,023.77
|
$ |
137,757,072.22
|
13.4% |
||||||||||
|
|||||||||||||||||
Class A-3 Notes
|
$ |
525,000,000.00
|
$ |
525,000,000.00
|
$ |
525,000,000.00
|
|
51.1%
|
|||||||||
Class A-4 Notes
|
$ |
100,000,000.00
|
$ |
100,000,000.00
|
$ |
100,000,000.00
|
|
9.7%
|
|||||||||
$ |
1,500,000,000.00
|
$ |
1,070,532,569.33
|
$ |
1,026,791,460.65
|
|
100.0% |
||||||||||
Reconciliation of Collection Account
|
||||||||||||||||||
Available Funds:
|
||||||||||||||||||
Available Interest:
|
||||||||||||||||||
Interest Collected on Receivables
|
$ |
4,237,160.68
|
||||||||||||||||
Servicer Advances
|
145,629.93
|
|||||||||||||||||
Servicer Advance Reimbursement
|
142,329.67
|
|||||||||||||||||
Administrative Purchase Payment
|
0.00
|
|||||||||||||||||
Warranty Purchase Payment
|
5,060.20
|
|||||||||||||||||
Recoveries
|
681.72
|
|||||||||||||||||
Investment Earnings from Reserve Account
|
17,143.83
|
|||||||||||||||||
Investment Earnings from Collection Account
|
0.00
|
|||||||||||||||||
Total Available Interest
|
$ |
4,263,346.69
|
||||||||||||||||
Available Principal:
|
||||||||||||||||||
Principal Collection on Receivables
|
||||||||||||||||||
Receipts of Scheduled Principal
|
$ |
33,052,633.78
|
||||||||||||||||
Receipts of Pre-Paid Principal
|
14,808,408.10
|
|||||||||||||||||
Liquidation Proceeds
|
139,838.77
|
|||||||||||||||||
Administrative Purchase Payment
|
0.00
|
|||||||||||||||||
Warranty Purchase Payment
|
453,543.86
|
|||||||||||||||||
Total Available Principal
|
$ |
48,454,424.51
|
||||||||||||||||
Advances from the Reserve Account
|
$ |
0.00 | ||||||||||||||||
Release from the Reserve Fund Account
|
$ |
0.00 | ||||||||||||||||
Total Available Funds
|
$ |
52,717,771.20
|
||||||||||||||||
Distributions:
|
||||||||||||||||||
Servicing Fees
|
$ |
989,543.19
|
||||||||||||||||
Non-recoverable Servicer Advance Reimbursement
|
11,692.15
|
|||||||||||||||||
Noteholder's Accrued and Unpaid Interest
|
4,982,598.61
|
|||||||||||||||||
First Priority Principal Distribution Amount to Noteholders
|
5,279,503.02
|
|||||||||||||||||
Reserve Account Deposit to achieve the Specified Reserve Account Balance
|
0.00
|
|||||||||||||||||
Regular Principal Distributable Amount to Noteholders
|
38,461,605.66
|
|||||||||||||||||
Amounts paid to Indenture Trustee, Owner Trustee and Asset |
0.00
|
|||||||||||||||||
Representations Reviewer (subject to annual cap) |
||||||||||||||||||
Amounts paid to Indenture Trustee, Owner Trustee and Asset |
0.00
|
|||||||||||||||||
Representations Reviewer (not subject to annual cap) |
||||||||||||||||||
Certificate Distribution Account (any remaining payments)
|
2,992,828.57
|
|||||||||||||||||
Total Distributions
|
$ |
52,717,771.20
|
||||||||||||||||
Monthly Period Receivables Principal Balance Calculation
|
||||||||||||||||||
Beginning Receivable Principal Balance
|
$ |
1,187,451,828.03
|
||||||||||||||||
Monthly Principal Received
|
||||||||||||||||||
Regular Principal Received
|
$ |
33,052,633.78
|
||||||||||||||||
Prepaid Principal Received
|
14,808,408.10
|
|||||||||||||||||
Liquidation Proceeds
|
139,838.77
|
|||||||||||||||||
Principal Balance Allocable to Gross Charge-offs
|
101,368.14
|
|||||||||||||||||
Principal Portion of Repurchased Receivables
|
453,543.86
|
|||||||||||||||||
Total Monthly Principal Amounts
|
$ |
48,555,792.65
|
||||||||||||||||
Ending Receivable Principal Balance
|
$ |
1,138,896,035.38
|
||||||||||||||||
Payments to Indenture Trustee, Owner Trustee and Asset Representations Reviewer
|
||||||||||||||||||
Indenture Trustee
|
|
|||||||||||||||||
Amount due and payable to Indenture Trustee before giving effect to payments on current Payment Date:
|
|
-
|
||||||||||||||||
Amount due and payable to Indenture Trustee after giving effect to payments on current Payment Date:
|
0.00
|
|||||||||||||||||
|
||||||||||||||||||
Owner Trustee
|
||||||||||||||||||
Amount due and payable to Owner Trustee before giving effect to payments on current Payment Date:
|
|
-
|
||||||||||||||||
Amount due and payable to Owner Trustee after giving effect to payments on current Payment Date:
|
|
0.00
|
||||||||||||||||
|
||||||||||||||||||
Asset Representations Reviewer Trustee | ||||||||||||||||||
Amount due and payable to Asset Representations Reviewer before giving effect to payments on current Payment Date:
|
|
- | ||||||||||||||||
Amount due and payable to Asset Representations Reviewer after giving effect to payments on current Payment Date:
|
0.00 |
Distributions
|
||||||||||||||||||||
Interest Distributable Amount
|
Interest Rate
|
Current Payment
|
Per $1,000
|
|||||||||||||||||
Class A-1 Notes
|
5.59300
|
% |
$ |
0.00
|
0.00
|
|||||||||||||||
Class A-2a Notes
|
5.72000
|
% | $ |
1,395,577.73
|
4.05
|
|||||||||||||||
Class A-2b Notes
|
5.75039
|
% |
$ |
756,395.88
|
4.20
|
|||||||||||||||
Class A-3 Notes
|
5.47000
|
% | $ |
2,393,125.00
|
4.56
|
|||||||||||||||
Class A-4 Notes
|
5.25000
|
% | $ |
437,500.00
|
4.38
|
|||||||||||||||
$ |
4,982,598.61
|
|||||||||||||||||||
Monthly Principal Distributable Amount
|
Beginning Balance
|
Current Payment
|
Ending Balance
|
Per $1,000
|
Note Factor
|
|||||||||||||||
Class A-1 Notes
|
|
-
|
|
-
|
|
-
|
0.00
|
0.00
|
||||||||||||
Class A-2a Notes
|
$ |
292,778,545.56
|
$ |
28,744,157.13
|
$ |
264,034,388.43
|
83.32
|
0.77
|
||||||||||||
Class A-2b Notes
|
$ |
152,754,023.77
|
$ |
14,996,951.55
|
$ |
137,757,072.22
|
83.32
|
0.77
|
||||||||||||
Class A-3 Notes
|
$ |
525,000,000.00
|
|
-
|
$ |
525,000,000.00
|
0.00
|
1.00
|
||||||||||||
Class A-4 Notes
|
$ |
100,000,000.00
|
- | $ |
100,000,000.00
|
0.00
|
1.00
|
|||||||||||||
|
1,070,532,569.33
|
43,741,108.68
|
1,026,791,460.65
|
|||||||||||||||||
Carryover Shortfalls
|
||||||||||||||||||||
Prior Period Carryover
|
Current Payment
|
Per $1,000
|
||||||||||||||||||
Class A-1 Interest Carryover Shortfall
|
- | - | - | |||||||||||||||||
Class A-2a Interest Carryover Shortfall
|
- | - | - | |||||||||||||||||
Class A-2b Interest Carryover Shortfall
|
- |
- |
- |
|||||||||||||||||
Class A-3 Interest Carryover Shortfall
|
- | - | - | |||||||||||||||||
Class A-4 Interest Carryover Shortfall
|
- | - | - | |||||||||||||||||
Yield Supplement Overcollateralization Amount
|
||||||||||||||||||||
Previous Distribution Date Required Amount
|
78,457,653.04
|
|||||||||||||||||||
Beginning Period Amount
|
78,457,653.04
|
|||||||||||||||||||
Current Distribution Date Required Amount
|
73,642,969.07
|
|||||||||||||||||||
Current Period Release
|
4,814,683.97
|
|||||||||||||||||||
Ending Period Amount
|
73,642,969.07
|
|||||||||||||||||||
Reserve Account
|
||||||||||||||||||||
Beginning Period Required Amount
|
$ |
3,846,160.57
|
||||||||||||||||||
Beginning Period Amount
|
3,846,160.57
|
|||||||||||||||||||
Net Investment Earnings
|
17,143.83
|
|||||||||||||||||||
Current Period Deposit Amount Due
|
0.00
|
|||||||||||||||||||
Reserve Fund Draw Amount
|
0.00
|
|||||||||||||||||||
Ending Period Required Amount
|
3,846,160.57
|
|||||||||||||||||||
Release to Depositor
|
17,143.83
|
|||||||||||||||||||
Ending Period Amount
|
$ |
3,846,160.57
|
||||||||||||||||||
Overcollateralization
|
||||||||||||||||||||
Beginning Period Overcollateralization Amount
|
$ |
38,461,605.66
|
||||||||||||||||||
Target Overcollateralization Amount
|
$ |
38,461,605.66
|
||||||||||||||||||
Ending Period Over Collateralization Amount
|
$ |
38,461,605.66
|
||||||||||||||||||
Current Period Release
|
$ | 0.00 | ||||||||||||||||||
Receivables Data
|
||||||||||||||||||||
Beginning Period
|
Ending Period
|
|||||||||||||||||||
Number of Receivables
|
38,990
|
38,196
|
||||||||||||||||||
Weighted Average Remaining Term
|
43.59
|
42.74
|
||||||||||||||||||
Weighted Average Annual Percentage Rate
|
4.46
|
% |
4.47
|
% | ||||||||||||||||
Delinquencies as of the end of the Current Period
|
||||||||||||||||||||
Units |
Dollar Amount
|
% of Ending Rec Prin Bal
|
||||||||||||||||||
30-59 Days
|
119 | $ |
5,794,860.22
|
0.51
|
% | |||||||||||||||
60-89 Days
|
40 |
1,699,049.77
|
0.15
|
% | ||||||||||||||||
90-119 Days
|
12 |
642,687.93
|
0.06
|
% | ||||||||||||||||
120+ Days
|
15 |
781,053.56
|
0.07
|
% | ||||||||||||||||
Total 30+ Days Past Due as of the end of the current period
|
186 | $ |
8,917,651.48
|
0.78
|
% | |||||||||||||||
Total 60+ Days Past Due as of the end of the current period |
67 |
$ |
3,122,791.26
|
0.27
|
% | |||||||||||||||
Delinquencies as of the end of prior periods
|
||||||||||||||||||||
Total 30+ Days Past Due as of the end of the prior period
|
0.65
|
% | ||||||||||||||||||
Total 30+ Days Past Due as of the end of the 2nd preceding period
|
0.59
|
% | ||||||||||||||||||
Total 30+ Days Past Due as of the end of the 3rd preceding period
|
0.55
|
% | ||||||||||||||||||
Repossessions
|
Units
|
Dollar Amount
|
||||||||||||||||||
Beginning Period Repossessed Receivables Balance
|
15 |
709,501.77
|
||||||||||||||||||
Ending Period Repossessed Receivables Balance
|
12 |
664,483.34
|
||||||||||||||||||
Principal Balance of 90+ Day Repossessed Vehicles
|
0 |
0.00
|
||||||||||||||||||
Write-offs as of the end of the Current Period
|
Units | Dollar Amount | ||||||||||||||||||
Gross Principal Write-offs
|
6 |
101,368.14
|
||||||||||||||||||
Recoveries
|
1 |
681.72
|
||||||||||||||||||
Net Write-Offs
|
|
100,686.42
|
||||||||||||||||||
Cumulative Net Write-offs
|
20 |
|
$ |
309,981.08
|
||||||||||||||||
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
0.03
|
% | ||||||||||||||||||
Charge Off Rate **
|
|
0.02
|
% | |||||||||||||||||
Avg of Net Write-offs ***
|
$ |
15,499.05
|
||||||||||||||||||
Historical Loss Information | ||||||||||||||||||||
Write-offs as of the end of the Prior Period
|
Units | Dollar Amount | ||||||||||||||||||
Gross Principal Write-offs
|
5 |
139,176.81
|
||||||||||||||||||
Recoveries
|
1 |
13,772.88
|
||||||||||||||||||
Net Write-Offs
|
125,403.93
|
|||||||||||||||||||
Cumulative Net Write-offs
|
14 |
|
$ |
209,294.66
|
||||||||||||||||
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
0.02
|
% | ||||||||||||||||||
Charge Off Rate **
|
0.01
|
% | ||||||||||||||||||
Avg of Net Write-offs ***
|
$ |
14,949.62
|
||||||||||||||||||
Write-offs as of the end of the 2nd Preceding Period
|
Units | Dollar Amount | ||||||||||||||||||
Gross Principal Write-offs
|
3 |
42,106.28
|
||||||||||||||||||
Recoveries
|
0 |
0.00
|
||||||||||||||||||
Net Write-Offs
|
42,106.28
|
|||||||||||||||||||
Cumulative Net Write-offs
|
9 |
$ |
83,890.73
|
|||||||||||||||||
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
0.01
|
% | ||||||||||||||||||
Charge Off Rate **
|
0.01
|
% | ||||||||||||||||||
Avg of Net Write-offs ***
|
$ |
9,321.19
|
||||||||||||||||||
Write-offs as of the end of the 3rd Preceding Period
|
Units | Dollar Amount | ||||||||||||||||||
Gross Principal Write-offs
|
2 |
10,891.72
|
||||||||||||||||||
Recoveries
|
1 |
916.92
|
||||||||||||||||||
Net Write-Offs
|
9,974.80
|
|||||||||||||||||||
Cumulative Net Write-offs
|
6 |
$ |
41,784.45
|
|||||||||||||||||
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
0.00
|
% | ||||||||||||||||||
Charge Off Rate **
|
0.00
|
% | ||||||||||||||||||
Avg of Net Write-offs ***
|
$ |
6,964.08
|