Ally Auto Receivables Trust 2022-1

04/24/2024 | Press release | Distributed by Public on 04/24/2024 08:38

Asset-Backed Issuer Distribution Report - Form 10-D


Statement to Securityholder
Ally Auto Receivables Trust 2022-1
Distribution Information Deal Information
1. Distribution Summary Deal: Ally Auto Receivables Trust 2022-1
2. Factor Summary Asset Type: Consumer Retail
3. Interest Summary Closing Date: 5/18/2022
4. Collections and Distributions Bloomberg Ticker: ALLYA 2022-1
5. Collateral Summary Collection Period, Begin: 3/1/2024
Collection Period, End: 3/31/2024
6. Charge-Off and Delinquency Rates Determination Date: 4/10/2024
Distribution Date: 4/15/2024
7. Credit Instruments
ABS Investor Relations - Ally Bank as Servicer:
8. Performance Tests
Telephone:
(866) 710-4623
E-Mail:
[email protected]
9. Asset Representations Delinquency Triggers
10. Supplemental Disclosures
The Class B Notes, Class C Notes, and Class D Notes have not been registered under the United States Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any other jurisdiction. The Class B Notes, Class C Notes, and the Class D Notes are not transferable, other than to a qualified institutional buyer (as defined in Rule 144A) or pursuant to another exemption under the Securities Act, and subject to satisfaction of certain other provisions of the Indenture.

Page 1 of 8


Statement to Securityholder
Ally Auto Receivables Trust 2022-1
1. Distribution Summary
Class CUSIP/ Initial Note Beginning Note Note Rate Principal Interest Pass Through Total Principal Interest Ending Note
CUSIP-RegS Principal Balance Principal Balance Distribution Distribution Distribution Distribution Carryover Shortfall Carryover Shortfall Principal Balance
(3) + (4) + (5) = (6)
(1) - (3) - (7) = (9)
(1) (2) (3) (4) (5) (6) (7) (8) (9)
A-1 02008JAA4 260,000,000.00 0.00 1.35500000 0.00 0.00 N/A 0.00 0.00 0.00 0.00
A-2 02008JAB2 341,000,000.00 0.00 2.67000000 0.00 0.00 N/A 0.00 0.00 0.00 0.00
A-3 02008JAC0 347,000,000.00 272,282,366.95 3.31000000 19,232,738.98 751,045.53 N/A 19,983,784.51 0.00 0.00 253,049,627.97
A-4 02008JAD8 75,830,000.00 75,830,000.00 3.45000000 0.00 218,011.25 N/A 218,011.25 0.00 0.00 75,830,000.00
B 02008JAE6 22,780,000.00 22,780,000.00 3.79000000 0.00 71,946.83 N/A 71,946.83 0.00 0.00 22,780,000.00
C 02008JAF3 18,980,000.00 18,980,000.00 4.08000000 0.00 64,532.00 N/A 64,532.00 0.00 0.00 18,980,000.00
D 02008JAG1 14,100,000.00 14,100,000.00 4.58000000 0.00 53,815.00 N/A 53,815.00 0.00 0.00 14,100,000.00
Certificates N/A N/A N/A N/A N/A 306,710.00 306,710.00 N/A N/A N/A
Deal Totals 1,079,690,000.00 403,972,366.95 19,232,738.98 1,159,350.61 306,710.00 20,698,799.59 0.00 0.00 384,739,627.97

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Statement to Securityholder
Ally Auto Receivables Trust 2022-1
2. Factor Summary
(Amount per $1,000 of Original Principal)
Class Beginning Note Pool Factor Principal Distribution Factor Interest Distribution Factor Total Distribution Factor Interest Carryover Shortfall Factor Ending Note Pool Factor
A-1 0.0000000 0.0000000 0.0000000 0.0000000 0.0000000 0.0000000
A-2 0.0000000 0.0000000 0.0000000 0.0000000 0.0000000 0.0000000
A-3 784.6754091 55.4257607 2.1643963 57.5901571 0.0000000 729.2496483
A-4 1,000.0000000 0.0000000 2.8750000 2.8750000 0.0000000 1,000.0000000
B 1,000.0000000 0.0000000 3.1583332 3.1583332 0.0000000 1,000.0000000
C 1,000.0000000 0.0000000 3.4000000 3.4000000 0.0000000 1,000.0000000
D 1,000.0000000 0.0000000 3.8166667 3.8166667 0.0000000 1,000.0000000

Beginning Aggregate Note Pool Factor: 374.1558845
Ending Aggregate Note Pool Factor: 356.3426798
Beginning Reserve Account Balance Factor: 1,000.0000000
Reserve Account Draw, distributed to Noteholders, Factor: 0.0000000
Reserve Account Draw, distributed to Certificateholders, Factor: 0.0000000
Ending Reserve Account Balance Factor: 1,000.0000000

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Statement to Securityholder
Ally Auto Receivables Trust 2022-1

3. Interest Summary

A. Target Interest Summary
Class Beginning Note Principal Balance Interest Accrual Period, Start Interest Accrual Period, End Accrual Methodology Applicable Index Margin Fixed Note Rate Target Interest Distribution
A-1 0.00 3/15/2024 4/14/2024 Actual/360 N/A N/A 1.35500000 1.35500000 0.00
A-2 0.00 3/15/2024 4/14/2024 30/360 N/A N/A 2.67000000 2.67000000 0.00
A-3 272,282,366.95 3/15/2024 4/14/2024 30/360 N/A N/A 3.31000000 3.31000000 751,045.53
A-4 75,830,000.00 3/15/2024 4/14/2024 30/360 N/A N/A 3.45000000 3.45000000 218,011.25
B 22,780,000.00 3/15/2024 4/14/2024 30/360 N/A N/A 3.79000000 3.79000000 71,946.83
C 18,980,000.00 3/15/2024 4/14/2024 30/360 N/A N/A 4.08000000 4.08000000 64,532.00
D 14,100,000.00 3/15/2024 4/14/2024 30/360 N/A N/A 4.58000000 4.58000000 53,815.00

B. Interest Payment Amount Summary
Class Beginning Unpaid Interest Carryover Shortfall Target Interest Distribution Interest Shortfall Amount Allocated/(Repaid) Actual Interest Distribution

(2) - (3) = (4)
(1) (2) (3) (4) (5)
A-1 0.00 0.00 0.00 0.00 0.00
A-2 0.00 0.00 0.00 0.00 0.00
A-3 0.00 751,045.53 0.00 751,045.53 0.00
A-4 0.00 218,011.25 0.00 218,011.25 0.00
B 0.00 71,946.83 0.00 71,946.83 0.00
C 0.00 64,532.00 0.00 64,532.00 0.00
D 0.00 53,815.00 0.00 53,815.00 0.00
Deal Totals 0.00 1,159,350.61 0.00 1,159,350.61 0.00

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Statement to Securityholder
Ally Auto Receivables Trust 2022-1
4. Collections and Distributions
Collections
Receipts During the Period 20,641,424.65
Administrative Purchase Payments 129,153.61
Warranty Payments 0.00
Liquidation Proceeds Including Recoveries (Net of Liquidation Expenses) 278,114.47
Other Fees or Expenses Paid 0.00
Total Collections 21,048,692.73
Beginning Reserve Account Balance 2,711,424.43
Total Available Amount 23,760,117.16
Distributions
Total Available Amount 23,760,117.16
Basic Servicing Fee 348,393.14
Amounts owing to the Asset Representations Reviewer, Indenture Trustee, and Vote Tabulation Agent in connection with an Asset Representations Review 0.00
Aggregate Class A Interest Distributable Amount 969,056.78
First Priority Principal Distributable Amount 0.00
Aggregate Class B Interest Distributable Amount 71,946.83
Second Priority Principal Distributable Amount 0.00
Aggregate Class C Interest Distributable Amount 64,532.00
Third Priority Principal Distributable Amount 0.00
Aggregate Class D Interest Distributable Amount 53,815.00
Fourth Priority Principal Distributable Amount 5,133,331.96
Reserve Account Deposit 2,711,424.43
Noteholders' Regular Principal Distributable Amount 14,099,407.02
Indenture Trustee expenses 0.00
Unpaid Fees due to Owner Trustee, Indenture Trustee, Administrator and Asset Representations Reviewer 1,500.00
Excess Total Available Amount to the Certificateholders 306,710.00
Supplemental Servicing Fees 44,788.22
Other Fees or Expenses Accrued 0.00
Liquidation Expenses 21,450.00

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Statement to Securityholder
Ally Auto Receivables Trust 2022-1
5. Collateral Summary
A. Balances
Original Balance Beginning Balance Ending Balance
Deal Totals Number of Receivables 59,861 33,759 32,853
Aggregate Receivables Principal Balance 1,084,569,770.68 418,071,773.97 398,839,034.99
Aggregate Amount Financed 1,084,569,770.68 418,071,773.97 398,839,034.99

There have been no receivables with respect to which material breaches of pool asset representations or warranties or transaction covenants have occurred.

B. Pool Composition - Weighted Averages
Inception Beginning Ending Inception Beginning Ending Inception Beginning Ending
Weighted Weighted Weighted Weighted Weighted Weighted Weighted Weighted Weighted
Average Average Average Average Average Average Average Average Average
Coupon Coupon Coupon Original Original Original Remaining Remaining Remaining
Maturity Maturity Maturity Maturity Maturity Maturity
Deal Totals 6.56000000 6.58622170 6.58841333 69.93 70.44 70.47 54.74 36.67 35.87

C. Pool Composition - Prepayments
Month 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Monthly 1.65% 1.64% 1.54% 1.46% 1.48% 1.30% 1.28% 1.19% 1.14% 1.07% 1.12% 1.21% 1.08% 1.27% 1.23% 1.13% 1.19% 1.06% 1.05% 1.02%
Month 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40
Monthly 0.98% 1.06% 1.03% 1.04%
Month 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60
Monthly

Page 6 of 8


Statement to Securityholder
Ally Auto Receivables Trust 2022-1

6. Charge-Off and Delinquency Rates
A. Current
Charge-Off Rate Delinquency Rate
Average Aggregate
Amount Financed
Number of Units Charged-Off Net Charge-Offs Average Net Charge-Offs Loss Rate Total Accounts Accounts over 60 Percent Delinquent
Current 408,455,404.48 39 386,681.90 9,914.92 1.1360 % 32,853 154 0.4688 %
Preceding 427,810,829.70 25 212,936.07 8,517.44 0.5973 % 33,759 166 0.4917 %
Next Preceding 447,670,996.51 38 279,309.10 7,350.24 0.7487 % 34,672 183 0.5278 %
Third Preceding 467,815,030.80 33 141,011.05 4,273.06 0.3617 % Three Month Average 0.4961 %
Four Month Average 0.7109 %
B. Cumulative
Aggregate Amount Cumulative Net Cumulative Loss Rate Delinquency Total Total Balance Percent
Financed Charge-Offs Stratification Accounts Delinquent
Totals 1,084,569,770.68 5,590,559.02 0.5155 % 31 - 60 days 370 6,136,741.58 1.5387 %
The information contained in this report is defined or determined in a manner consistent with the prospectus for Ally Auto Receivables 61 - 90 days 125 2,209,561.36 0.5540 %
Trust 2022-1 related to delinquencies, charge-offs or uncollectible accounts. 91 - 120 days 27 371,710.79 0.0932 %
> 120 days 2 13,246.14 0.0033 %
There have been no material changes in determining delinquencies, charge-offs or uncollectible amounts.
Bankruptcies Total Accounts Total Balance
Prior Period1
146 2,124,262.88
Additions 8 87,116.84
1. Total Balance for Prior Period reflects the aggregate balance as of the last day of the related Collection Period.
Removals2
8 118,271.88
2. Removals include bankruptcies returned to active status, bankruptcies paid-in-full, and charge-offs on prior period bankruptcies. Ending Inventory 146 2,093,107.84
7. Credit Instruments
A. Reserve Accounts
Account Initial Balance Beginning Balance ADDITIONS REDUCTIONS Ending Balance Specified Reserve
Account Balance
Draws Releases
Cash Reserve 2,711,424.43 2,711,424.43 0.00 0.00 0.00 2,711,424.43 2,711,424.43
Page 7 of 8


Statement to Securityholder
Ally Auto Receivables Trust 2022-1
8. Performance Tests
Event of Default All Tests Passed
Servicer Default All Tests Passed
Asset Representations Review Delinquency Trigger PASS
Overcollateralization Target reached? YES
Initial Overcollateralization 4,879,770.68
Current Overcollateralization 14,099,407.02
Overcollateralization Target 14,099,407.02
9. Asset Representations Delinquency Triggers
Period 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Trigger Level 1.70% 1.70% 1.70% 1.70% 1.70% 1.70% 1.70% 1.70% 1.70% 1.70% 1.70% 1.70% 2.60% 2.60% 2.60% 2.60% 2.60% 2.60% 2.60% 2.60%
61+ Delinquencies 0.00% 0.05% 0.14% 0.20% 0.26% 0.29% 0.37% 0.36% 0.46% 0.44% 0.45% 0.36% 0.43% 0.44% 0.43% 0.51% 0.60% 0.58% 0.62% 0.60%
Period 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40
Trigger Level 2.60% 2.60% 2.60% 2.60% 3.10% 3.10% 3.10% 3.10% 3.10% 3.10% 3.10% 3.10% 3.10% 3.10% 3.10% 3.10% 3.90% 3.90% 3.90% 3.90%
61+ Delinquencies 0.64% 0.70% 0.63% 0.65%
Period 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60
Trigger Level 3.90% 3.90% 3.90% 3.90% 3.90% 3.90% 3.90% 3.90% 3.90% 3.90% 3.90% 3.90% 3.90% 3.90% 3.90% 3.90% 3.90% 3.90% 3.90% 3.90%
61+ Delinquencies

10. Supplemental Disclosures
Number of Receivables extended during the current Collection Period 126
Other than as disclosed above in Section 10 of this Statement to Securityholder, there have been no material modifications, extensions, or waivers relating to the terms of or fees, penalties or payments on, pool assets during the distribution period or that, cumulatively, have become material over time.

This Servicer Certificate relates only to AART 2022-1. This Servicer Certificate should not be relied upon with respect to any other security. The information contained herein is only an indication of past performance and does not predict how AART 2022-1 will perform in the future.

Ally Bank (directly or indirectly through the depositor or another wholly-owned affiliate), as an "originator" (as such term is defined for purposes of each of the EU Securitization Regulation and the UK Securitization Regulation), continues to retain, a material net economic interest (the "EU/UK Retained Interest") of not less than 5% in the securitization transaction described in the prospectus, in the form of retention of at least 5% of the nominal value of each of the tranches sold or transferred to investors in accordance with option (a) of Article 6(3) of the EU Securitization Regulation and option (a) of Article 6(3) of the UK Securitization Regulation, by holding (itself or through a wholly-owned affiliate) at least and approximately 5% of the nominal value of each of the notes and certificates, as set forth in the prospectus.

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