Ally Auto Receivables Trust 2023-1

19/08/2024 | Press release | Distributed by Public on 19/08/2024 18:42

Asset Backed Issuer Distribution Report Form 10 D


Statement to Securityholder
Ally Auto Receivables Trust 2023-1
Distribution Information Deal Information
1. Distribution Summary Deal: Ally Auto Receivables Trust 2023-1
2. Factor Summary Asset Type: Consumer Retail
3. Interest Summary Closing Date: 7/19/2023
4. Collections and Distributions Bloomberg Ticker: ALLYA 2023-1
5. Collateral Summary Collection Period, Begin: 7/1/2024
Collection Period, End: 7/31/2024
6. Charge-Off and Delinquency Rates Determination Date: 8/12/2024
Distribution Date: 8/15/2024
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 A-1 Notes, 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 A-1 Notes, 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 2023-1
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 02007WAA6 233,020,000.00 0.00 5.59100000 0.00 0.00 N/A 0.00 0.00 0.00 0.00
A-2 02007WAB4 372,010,000.00 198,061,615.93 5.76000000 26,084,694.08 950,695.76 N/A 27,035,389.84 0.00 0.00 171,976,921.85
A-3 02007WAC2 372,010,000.00 372,010,000.00 5.46000000 0.00 1,692,645.50 N/A 1,692,645.50 0.00 0.00 372,010,000.00
A-4 02007WAD0 69,800,000.00 69,800,000.00 5.27000000 0.00 306,538.33 N/A 306,538.33 0.00 0.00 69,800,000.00
B 02007WAE8 23,290,000.00 23,290,000.00 5.76000000 0.00 111,792.00 N/A 111,792.00 0.00 0.00 23,290,000.00
C 02007WAF5 19,410,000.00 19,410,000.00 5.96000000 0.00 96,403.00 N/A 96,403.00 0.00 0.00 19,410,000.00
D 02007WAG3 14,420,000.00 14,420,000.00 6.74000000 0.00 80,992.33 N/A 80,992.33 0.00 0.00 14,420,000.00
Certificates 02007WAH1 N/A N/A N/A N/A N/A 1,221,526.79 1,221,526.79 N/A N/A N/A
Deal Totals 1,103,960,000.00 696,991,615.93 26,084,694.08 3,239,066.92 1,221,526.79 30,545,287.79 0.00 0.00 670,906,921.85

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Statement to Securityholder
Ally Auto Receivables Trust 2023-1
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-2 532.4093867 70.1182605 2.5555651 72.6738255 0.0000000 462.2911262
A-3 1,000.0000000 0.0000000 4.5500000 4.5500000 0.0000000 1,000.0000000
A-4 1,000.0000000 0.0000000 4.3916666 4.3916666 0.0000000 1,000.0000000
B 1,000.0000000 0.0000000 4.8000000 4.8000000 0.0000000 1,000.0000000
C 1,000.0000000 0.0000000 4.9666667 4.9666667 0.0000000 1,000.0000000
D 1,000.0000000 0.0000000 5.6166664 5.6166664 0.0000000 1,000.0000000

Beginning Aggregate Note Pool Factor: 631.3558607
Ending Aggregate Note Pool Factor: 607.7275643
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 2023-1

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 7/15/2024 8/14/2024 Actual/360 N/A N/A 5.59100000 5.59100000 0.00
A-2 198,061,615.93 7/15/2024 8/14/2024 30/360 N/A N/A 5.76000000 5.76000000 950,695.76
A-3 372,010,000.00 7/15/2024 8/14/2024 30/360 N/A N/A 5.46000000 5.46000000 1,692,645.50
A-4 69,800,000.00 7/15/2024 8/14/2024 30/360 N/A N/A 5.27000000 5.27000000 306,538.33
B 23,290,000.00 7/15/2024 8/14/2024 30/360 N/A N/A 5.76000000 5.76000000 111,792.00
C 19,410,000.00 7/15/2024 8/14/2024 30/360 N/A N/A 5.96000000 5.96000000 96,403.00
D 14,420,000.00 7/15/2024 8/14/2024 30/360 N/A N/A 6.74000000 6.74000000 80,992.33

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 0.00 950,695.76 0.00 950,695.76 0.00
A-3 0.00 1,692,645.50 0.00 1,692,645.50 0.00
A-4 0.00 306,538.33 0.00 306,538.33 0.00
B 0.00 111,792.00 0.00 111,792.00 0.00
C 0.00 96,403.00 0.00 96,403.00 0.00
D 0.00 80,992.33 0.00 80,992.33 0.00
Deal Totals 0.00 3,239,066.92 0.00 3,239,066.92 0.00

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Statement to Securityholder
Ally Auto Receivables Trust 2023-1
4. Collections and Distributions
Collections
Receipts During the Period 30,744,121.88
Administrative Purchase Payments 0.00
Warranty Payments 0.00
Liquidation Proceeds Including Recoveries (Net of Liquidation Expenses) 401,052.47
Other Fees or Expenses Paid 0.00
Total Collections 31,145,174.35
Beginning Reserve Account Balance 2,772,351.62
Total Available Amount 33,917,525.97
Distributions
Total Available Amount 33,917,525.97
Basic Servicing Fee 598,386.56
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 2,949,879.59
First Priority Principal Distributable Amount 0.00
Aggregate Class B Interest Distributable Amount 111,792.00
Second Priority Principal Distributable Amount 0.00
Aggregate Class C Interest Distributable Amount 96,403.00
Third Priority Principal Distributable Amount 0.00
Aggregate Class D Interest Distributable Amount 80,992.33
Fourth Priority Principal Distributable Amount 11,668,465.63
Reserve Account Deposit 2,772,351.62
Noteholders' Regular Principal Distributable Amount 14,416,228.45
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 1,221,526.79
Supplemental Servicing Fees 46,508.75
Other Fees or Expenses Accrued 0.00
Liquidation Expenses 22,000.00

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Statement to Securityholder
Ally Auto Receivables Trust 2023-1
5. Collateral Summary
A. Balances
Original Balance Beginning Balance Ending Balance
Deal Totals Number of Receivables 50,424 38,838 37,969
Aggregate Receivables Principal Balance 1,108,940,649.63 711,407,844.38 685,323,150.30
Aggregate Amount Financed 1,121,998,940.08 718,063,869.09 691,570,325.48

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 8.68000000 8.71506029 8.71927887 69.39 69.79 69.82 59.78 48.49 47.65

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 1.49% 1.46% 1.52% 1.28% 1.40% 1.22% 1.17% 1.28% 1.18% 1.36% 1.35% 1.45% 1.10% 1.27%
Month 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40
Monthly
Month 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60
Monthly

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Statement to Securityholder
Ally Auto Receivables Trust 2023-1

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 704,817,097.29 40 383,903.78 9,597.59 0.6536 % 37,969 221 0.5821 %
Preceding 730,380,818.34 40 352,142.93 8,803.57 0.5786 % 38,838 200 0.5150 %
Next Preceding 757,734,931.71 45 497,960.41 11,065.79 0.7886 % 39,617 175 0.4417 %
Third Preceding 787,349,155.17 48 345,275.70 7,193.24 0.5262 % Three Month Average 0.5129 %
Four Month Average 0.6368 %
B. Cumulative
Aggregate Amount Cumulative Net Cumulative Loss Rate Delinquency Total Total Balance Percent
Financed Charge-Offs Stratification Accounts Delinquent
Totals 1,121,998,940.08 5,010,291.66 0.4466 % 31 - 60 days 476 10,594,602.06 1.5320 %
The information contained in this report is defined or determined in a manner consistent with the prospectus for Ally Auto Receivables 61 - 90 days 172 3,622,229.34 0.5238 %
Trust 2023-1 related to delinquencies, charge-offs or uncollectible accounts. 91 - 120 days 49 1,109,656.30 0.1605 %
> 120 days 0 0.00 0.0000 %
There have been no material changes in determining delinquencies, charge-offs or uncollectible amounts.
Bankruptcies Total Accounts Total Balance
Prior Period1
118 2,340,826.69
Additions 14 304,055.59
1. Total Balance for Prior Period reflects the aggregate balance as of the last day of the related Collection Period.
Removals2
4 32,719.89
2. Removals include bankruptcies returned to active status, bankruptcies paid-in-full, and charge-offs on prior period bankruptcies. Ending Inventory 128 2,612,162.39
7. Credit Instruments
A. Reserve Accounts
Account Initial Balance Beginning Balance ADDITIONS REDUCTIONS Ending Balance Specified Reserve
Account Balance
Draws Releases
Cash Reserve 2,772,351.62 2,772,351.62 0.00 0.00 0.00 2,772,351.62 2,772,351.62
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Statement to Securityholder
Ally Auto Receivables Trust 2023-1
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 4,980,649.63
Current Overcollateralization 14,416,228.45
Overcollateralization Target 14,416,228.45
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 1.80% 1.80% 1.80% 1.80% 1.80% 1.80% 1.80% 1.80% 1.80% 1.80% 1.80% 1.80% 2.80% 2.80% 2.80% 2.80% 2.80% 2.80% 2.80% 2.80%
61+ Delinquencies 0.01% 0.10% 0.22% 0.27% 0.37% 0.44% 0.50% 0.54% 0.47% 0.42% 0.42% 0.52% 0.62% 0.68%
Period 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40
Trigger Level 2.80% 2.80% 2.80% 2.80% 3.10% 3.10% 3.10% 3.10% 3.10% 3.10% 3.10% 3.10% 3.10% 3.10% 3.10% 3.10% 4.60% 4.60% 4.60% 4.60%
61+ Delinquencies
Period 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60
Trigger Level 4.60% 4.60% 4.60% 4.60% 4.60% 4.60% 4.60% 4.60% 4.60% 4.60% 4.60% 4.60% 4.60% 4.60% 4.60% 4.60% 4.60% 4.60% 4.60% 4.60%
61+ Delinquencies

10. Supplemental Disclosures
Number of Receivables extended during the current Collection Period 227
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 2023-1. 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 2023-1 will perform in the future.

AART 2023-1 has not been structured with the objective of ensuring compliance with the requirements of the EU Securitization Regulation or the UK Securitization Regulation by any person. Prospective investors are responsible for analyzing their own regulatory position and should consult with their own investment and legal advisors regarding the application of the EU Securitization Regulation, the UK Securitization Regulation or other applicable regulations and the suitability of the notes for investment.

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