05/06/2024 | Press release | Distributed by Public on 05/06/2024 12:04
Accrued Interest Date: |
3/25/24
|
Collection Period Ending:
|
3/31/24
|
||
Current Payment Date: |
4/25/24
|
Period:
|
23 |
Balances
|
|||||||||||||||||
Initial
|
Beginning of Period
|
End of Period
|
|||||||||||||||
Pool Balance
|
$ |
1,652,928,130.30
|
$ |
591,617,471.48
|
$ |
558,684,352.33
|
|
||||||||||
Yield Supplement Overcollateralization Amount
|
$ |
114,466,501.62
|
$ |
25,200,654.28
|
$ |
23,146,463.96
|
|
||||||||||
Adjusted Pool Balance
|
$ |
1,538,461,628.68
|
$ |
566,416,817.20
|
$ |
535,537,888.37
|
|||||||||||
Reserve Account
|
$ |
3,846,154.07
|
$ |
3,846,154.07
|
$ |
3,846,154.07
|
|||||||||||
Overcollateralization
|
$ |
38,461,628.68
|
$ |
38,461,540.72
|
$ |
38,461,540.72
|
|||||||||||
Notes
|
|
Ratio | |||||||||||||||
Class A-1 Notes
|
$ |
333,000,000.00
|
|
-
|
|
-
|
|
0.0% |
|||||||||
Class A-2a Notes
|
$ |
300,000,000.00
|
|
-
|
-
|
|
0.0%
|
||||||||||
Class A-2b Notes
|
$ |
230,000,000.00
|
|
-
|
|
-
|
0.0% |
||||||||||
Class A-3 Notes
|
$ |
530,000,000.00
|
$ |
420,955,276.48
|
$ |
390,076,347.65
|
|
78.5%
|
|||||||||
Class A-4 Notes
|
$ |
107,000,000.00
|
$ |
107,000,000.00
|
$ |
107,000,000.00
|
|
21.5%
|
|||||||||
$ |
1,500,000,000.00
|
$ |
527,955,276.48
|
$ |
497,076,347.65
|
|
100.0% |
||||||||||
Reconciliation of Collection Account
|
||||||||||||||||||
Available Funds:
|
||||||||||||||||||
Available Interest:
|
||||||||||||||||||
Interest Collected on Receivables
|
$ |
1,366,198.63
|
||||||||||||||||
Servicer Advances
|
53,803.19
|
|||||||||||||||||
Servicer Advance Reimbursement
|
57,555.91
|
|||||||||||||||||
Administrative Purchase Payment
|
0.00
|
|||||||||||||||||
Warranty Purchase Payment
|
1,100.67
|
|||||||||||||||||
Recoveries
|
1,054.80
|
|||||||||||||||||
Investment Earnings from Reserve Account
|
17,143.80
|
|||||||||||||||||
Investment Earnings from Collection Account
|
0.00
|
|||||||||||||||||
Total Available Interest
|
$ |
1,381,745.18
|
||||||||||||||||
Available Principal:
|
||||||||||||||||||
Principal Collection on Receivables
|
||||||||||||||||||
Receipts of Scheduled Principal
|
$ |
24,386,348.37
|
||||||||||||||||
Receipts of Pre-Paid Principal
|
8,201,152.59
|
|||||||||||||||||
Liquidation Proceeds
|
81,599.81
|
|||||||||||||||||
Administrative Purchase Payment
|
0.00
|
|||||||||||||||||
Warranty Purchase Payment
|
188,744.82
|
|||||||||||||||||
Total Available Principal
|
$ |
32,857,845.59
|
||||||||||||||||
Advances from the Reserve Account
|
$ | 0.00 | ||||||||||||||||
Release from the Reserve Fund Account
|
$ | 0.00 | ||||||||||||||||
Total Available Funds
|
$ |
34,239,590.77
|
||||||||||||||||
Distributions:
|
||||||||||||||||||
Servicing Fees
|
$ |
493,014.56
|
||||||||||||||||
Non-recoverable Servicer Advance Reimbursement
|
3,945.06
|
|||||||||||||||||
Noteholder's Accrued and Unpaid Interest
|
1,432,788.69
|
|||||||||||||||||
First Priority Principal Distribution Amount to Noteholders
|
0.00
|
|||||||||||||||||
Reserve Account Deposit to achieve the Specified Reserve Account Balance
|
0.00
|
|||||||||||||||||
Regular Principal Distributable Amount to Noteholders
|
30,878,928.83
|
|||||||||||||||||
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)
|
1,430,913.63
|
|||||||||||||||||
Total Distributions
|
$ |
34,239,590.77
|
||||||||||||||||
Monthly Period Receivables Principal Balance Calculation
|
||||||||||||||||||
Beginning Receivable Principal Balance
|
$ |
591,617,471.48
|
||||||||||||||||
Monthly Principal Received
|
||||||||||||||||||
Regular Principal Received
|
$ |
24,386,348.37
|
||||||||||||||||
Prepaid Principal Received
|
8,201,152.59
|
|||||||||||||||||
Liquidation Proceeds
|
81,599.81
|
|||||||||||||||||
Principal Balance Allocable to Gross Charge-offs
|
75,273.56
|
|||||||||||||||||
Principal Portion of Repurchased Receivables
|
188,744.82
|
|||||||||||||||||
Total Monthly Principal Amounts
|
$ |
32,933,119.15
|
||||||||||||||||
Ending Receivable Principal Balance
|
$ |
558,684,352.33
|
||||||||||||||||
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
|
1.35100
|
% |
$ |
0.00
|
0.00
|
|||||||||||||||
Class A-2a Notes
|
2.52000
|
% |
$ |
0.00
|
0.00
|
|||||||||||||||
Class A-2b Notes
|
0.00000
|
% |
$ |
0.00
|
0.00
|
|||||||||||||||
Class A-3 Notes
|
3.21000
|
% | $ |
1,126,055.36
|
2.12
|
|||||||||||||||
Class A-4 Notes
|
3.44000
|
% | $ |
306,733.33
|
2.87
|
|||||||||||||||
$ |
1,432,788.69
|
|||||||||||||||||||
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
|
|
-
|
|
-
|
-
|
0.00
|
0.00
|
|||||||||||||
Class A-2b Notes
|
-
|
|
-
|
-
|
0.00
|
0.00
|
||||||||||||||
Class A-3 Notes
|
$ |
420,955,276.48
|
$ |
30,878,928.83
|
$ |
390,076,347.65
|
58.26
|
0.74
|
||||||||||||
Class A-4 Notes
|
$ |
107,000,000.00
|
- | $ |
107,000,000.00
|
0.00
|
1.00
|
|||||||||||||
|
527,955,276.48
|
30,878,928.83
|
497,076,347.65
|
|||||||||||||||||
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
|
25,200,654.28
|
|||||||||||||||||||
Beginning Period Amount
|
25,200,654.28
|
|||||||||||||||||||
Current Distribution Date Required Amount
|
23,146,463.96
|
|||||||||||||||||||
Current Period Release
|
2,054,190.32
|
|||||||||||||||||||
Ending Period Amount
|
23,146,463.96
|
|||||||||||||||||||
Reserve Account
|
||||||||||||||||||||
Beginning Period Required Amount
|
$ |
3,846,154.07
|
||||||||||||||||||
Beginning Period Amount
|
3,846,154.07
|
|||||||||||||||||||
Net Investment Earnings
|
17,143.80
|
|||||||||||||||||||
Current Period Deposit Amount Due
|
0.00
|
|||||||||||||||||||
Reserve Fund Draw Amount
|
0.00
|
|||||||||||||||||||
Ending Period Required Amount
|
3,846,154.07
|
|||||||||||||||||||
Release to Depositor
|
17,143.80
|
|||||||||||||||||||
Ending Period Amount
|
$ |
3,846,154.07
|
||||||||||||||||||
Overcollateralization
|
||||||||||||||||||||
Beginning Period Overcollateralization Amount
|
$ |
38,461,540.72
|
||||||||||||||||||
Target Overcollateralization Amount
|
$ |
38,461,540.72
|
||||||||||||||||||
Ending Period Over Collateralization Amount
|
$ |
38,461,540.72
|
||||||||||||||||||
Current Period Release
|
$ | 0.00 | ||||||||||||||||||
Receivables Data
|
||||||||||||||||||||
Beginning Period
|
Ending Period
|
|||||||||||||||||||
Number of Receivables
|
33,015
|
32,116
|
||||||||||||||||||
Weighted Average Remaining Term
|
29.90
|
29.07
|
||||||||||||||||||
Weighted Average Annual Percentage Rate
|
2.86
|
% |
2.87
|
% | ||||||||||||||||
Delinquencies as of the end of the Current Period
|
||||||||||||||||||||
Units |
Dollar Amount
|
% of Ending Rec Prin Bal
|
||||||||||||||||||
30-59 Days
|
127 | $ |
3,175,831.18
|
0.57
|
% | |||||||||||||||
60-89 Days
|
49 |
1,423,213.14
|
0.25
|
% | ||||||||||||||||
90-119 Days
|
10 |
348,304.14
|
0.06
|
% | ||||||||||||||||
120+ Days
|
6 |
194,184.87
|
0.03
|
% | ||||||||||||||||
Total 30+ Days Past Due as of the end of the current period
|
192 |
$ |
5,141,533.33
|
0.92
|
% | |||||||||||||||
Total 60+ Days Past Due as of the end of the current period |
65 |
$ |
1,965,702.15
|
0.35
|
% | |||||||||||||||
Delinquencies as of the end of prior periods
|
||||||||||||||||||||
Total 30+ Days Past Due as of the end of the prior period
|
0.87
|
% | ||||||||||||||||||
Total 30+ Days Past Due as of the end of the 2nd preceding period
|
1.00
|
% | ||||||||||||||||||
Total 30+ Days Past Due as of the end of the 3rd preceding period
|
0.89
|
% | ||||||||||||||||||
Repossessions
|
Units
|
Dollar Amount
|
||||||||||||||||||
Beginning Period Repossessed Receivables Balance
|
18 |
523,791.31
|
||||||||||||||||||
Ending Period Repossessed Receivables Balance
|
16 |
495,097.85
|
||||||||||||||||||
Principal Balance of 90+ Day Repossessed Vehicles
|
3 |
56,059.29
|
||||||||||||||||||
Write-offs as of the end of the Current Period
|
Units | Dollar Amount | ||||||||||||||||||
Gross Principal Write-offs
|
7 |
75,273.56
|
||||||||||||||||||
Recoveries
|
2 |
1,054.80
|
||||||||||||||||||
Net Write-Offs
|
|
74,218.76
|
||||||||||||||||||
Cumulative Net Write-offs
|
54 |
$ |
730,808.93
|
|||||||||||||||||
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
0.13
|
% | ||||||||||||||||||
Charge Off Rate **
|
0.04
|
% | ||||||||||||||||||
Avg of Net Write-offs ***
|
$ |
13,533.50
|
||||||||||||||||||
Historical Loss Information | ||||||||||||||||||||
Write-offs as of the end of the Prior Period
|
Units | Dollar Amount | ||||||||||||||||||
Gross Principal Write-offs
|
1 |
18,816.65
|
||||||||||||||||||
Recoveries
|
0 |
0.00
|
||||||||||||||||||
Net Write-Offs
|
18,816.65
|
|||||||||||||||||||
Cumulative Net Write-offs
|
47 |
|
$ |
656,590.17
|
||||||||||||||||
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
0.11
|
% | ||||||||||||||||||
Charge Off Rate **
|
0.04
|
% | ||||||||||||||||||
Avg of Net Write-offs ***
|
$ |
13,970.00
|
||||||||||||||||||
Write-offs as of the end of the 2nd Preceding Period
|
Units | Dollar Amount | ||||||||||||||||||
Gross Principal Write-offs
|
3 |
37,456.76
|
||||||||||||||||||
Recoveries
|
2 |
3,478.14
|
||||||||||||||||||
Net Write-Offs
|
33,978.62
|
|||||||||||||||||||
Cumulative Net Write-offs
|
46 |
$ |
637,773.52
|
|||||||||||||||||
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
0.10
|
% | ||||||||||||||||||
Charge Off Rate **
|
0.04
|
% | ||||||||||||||||||
Avg of Net Write-offs ***
|
$ |
13,864.64
|
||||||||||||||||||
Write-offs as of the end of the 3rd Preceding Period
|
Units | Dollar Amount | ||||||||||||||||||
Gross Principal Write-offs
|
3 |
26,022.11
|
||||||||||||||||||
Recoveries
|
1 |
3,683.20
|
||||||||||||||||||
Net Write-Offs
|
22,338.91
|
|||||||||||||||||||
Cumulative Net Write-offs
|
43 |
$ |
603,794.90
|
|||||||||||||||||
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
0.09
|
% | ||||||||||||||||||
Charge Off Rate **
|
0.04
|
% | ||||||||||||||||||
Avg of Net Write-offs ***
|
$ |
14,041.74
|