Hyundai Auto Receivables Trust 2020-B
|
Monthly Servicing Report
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Collection Period
|
|
|
|
June 2024
|
|
Distribution Date
|
|
|
|
07/15/24
|
|
Transaction Month
|
|
|
|
48
|
|
30/360 Days
|
|
|
|
30
|
|
Actual/360 Days
|
|
|
|
28
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
I. ORIGINAL DEAL PARAMETERS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cut off Date:
|
|
|
June 15, 2020
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Closing Date:
|
|
|
July 22, 2020
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dollars
|
|
|
Units
|
|
|
WAC
|
|
|
WARM
|
|
|
|
|
|
Original Pool Balance:
|
|
|
$
|
1,194,414,188.47
|
|
|
|
62,743
|
|
|
|
4.35
|
%
|
|
53.62
|
|
|
|
|
|
Original Adj. Pool Balance:
|
|
|
$
|
1,185,325,133.39
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amount
|
|
|
% of Pool
|
|
|
Note Rate
|
|
|
|
|
|
|
Final Payment Date
|
|
Class A-1 Notes
|
Fixed
|
|
|
$
|
262,400,000.00
|
|
|
|
21.969
|
%
|
|
0.27088
|
%
|
|
|
|
|
|
July 15, 2021
|
|
Class A-2 Notes
|
Fixed
|
|
|
$
|
380,000,000.00
|
|
|
|
31.815
|
%
|
|
0.38000
|
%
|
|
|
|
|
|
March 15, 2023
|
|
Class A-3 Notes
|
Fixed
|
|
|
$
|
380,000,000.00
|
|
|
|
31.815
|
%
|
|
0.48000
|
%
|
|
|
|
|
|
December 16, 2024
|
|
Class A-4 Notes
|
Fixed
|
|
|
$
|
76,390,000.00
|
|
|
|
6.396
|
%
|
|
0.62000
|
%
|
|
|
|
|
|
December 15, 2025
|
|
Class B Notes
|
Fixed
|
|
|
$
|
21,340,000.00
|
|
|
|
1.787
|
%
|
|
0.94000
|
%
|
|
|
|
|
|
December 15, 2025
|
|
Class C Notes
|
Fixed
|
|
|
$
|
35,560,000.00
|
|
|
|
2.977
|
%
|
|
|
1.60000
|
%
|
|
|
|
|
|
December 15, 2026
|
|
Total Securities
|
|
|
$
|
1,155,690,000.00
|
|
|
|
96.758
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overcollateralization
|
|
|
$
|
29,635,133.39
|
|
|
|
2.481
|
%
|
|
|
|
|
|
|
|
|
|
|
|
YSOA
|
|
|
$
|
9,089,055.08
|
|
|
|
0.761
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Original Pool Balance
|
|
|
$
|
1,194,414,188.47
|
|
|
|
100.00
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
II. POOL BALANCE AND PORTFOLIO INFORMATION
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning of Period
|
|
|
Ending of Period
|
|
|
Change
|
|
|
|
|
|
Balance
|
|
|
Note Factor
|
|
|
Balance
|
|
|
Note Factor
|
|
|
|
|
|
Class A-1 Notes
|
|
|
$
|
-
|
|
|
|
-
|
|
|
$
|
-
|
|
|
|
-
|
|
|
$
|
-
|
|
Class A-2 Notes
|
|
|
$
|
-
|
|
|
|
-
|
|
|
$
|
-
|
|
|
|
-
|
|
|
$
|
-
|
|
Class A-3 Notes
|
|
|
$
|
-
|
|
|
|
-
|
|
|
$
|
-
|
|
|
|
-
|
|
|
$
|
-
|
|
Class A-4 Notes
|
|
|
$
|
-
|
|
|
|
-
|
|
|
$
|
-
|
|
|
|
-
|
|
|
$
|
-
|
|
Class B Notes
|
|
|
$
|
3,371,870.45
|
|
|
|
0.1580071
|
|
|
$
|
-
|
|
|
|
-
|
|
|
$
|
3,371,870.45
|
|
Class C Notes
|
|
|
$
|
35,560,000.00
|
|
|
|
1.0000000
|
|
|
$
|
31,979,896.27
|
|
|
|
0.8993222
|
|
|
$
|
3,580,103.73
|
|
Total Securities
|
|
|
$
|
38,931,870.45
|
|
|
|
0.0336871
|
|
|
$
|
31,979,896.27
|
|
|
|
0.0276717
|
|
|
$
|
6,951,974.18
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted Avg. Coupon (WAC)
|
|
|
4.80
|
%
|
|
|
|
|
|
4.86
|
%
|
|
|
|
|
|
|
|
Weighted Avg. Remaining Maturity (WARM)
|
|
|
16.63
|
|
|
|
|
|
|
|
16.01
|
|
|
|
|
|
|
|
|
|
Pool Receivables Balance
|
|
|
$
|
74,777,943.20
|
|
|
|
|
|
|
$
|
67,788,543.30
|
|
|
|
|
|
|
|
|
|
Remaining Number of Receivables
|
|
|
14,259
|
|
|
|
|
|
|
|
13,551
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted Pool Balance
|
|
|
$
|
74,491,624.45
|
|
|
|
|
|
|
$
|
67,539,650.27
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
III. COLLECTIONS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal:
|
Principal Collections
|
|
|
$
|
6,899,046.46
|
|
Repurchased Contract Proceeds Related to Principal
|
|
|
$
|
-
|
|
Recoveries/Liquidation Proceeds
|
|
|
$
|
136,363.15
|
|
Total Principal Collections
|
|
|
$
|
7,035,409.61
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest:
|
Interest Collections
|
|
|
$
|
299,060.93
|
|
Late Fees & Other Charges
|
|
|
$
|
24,942.93
|
|
Interest on Repurchase Principal
|
|
|
$
|
-
|
|
Total Interest Collections
|
|
|
$
|
324,003.86
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Collection Account Interest
|
|
|
$
|
30,275.70
|
|
Reserve Account Interest
|
|
|
$
|
50,401.06
|
|
Servicer Advances
|
|
|
$
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Collections
|
|
|
$
|
7,440,090.23
|
|
IV. DISTRIBUTIONS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Collections
|
|
$
|
7,440,090.23
|
|
Reserve Account Release
|
|
$
|
-
|
|
Reserve Account Draw
|
|
$
|
-
|
|
Total Available for Distribution
|
|
$
|
7,440,090.23
|
|
|
|
|
|
Amount Due
|
|
|
Interest Pymt Due
but unpaid from prior
periods
|
|
|
Amount Paid
|
|
|
|
|
|
|
1. Servicing Fee @1.00%:
|
Servicing Fee Due
|
1.00
|
%
|
$
|
62,314.95
|
|
|
$
|
-
|
|
|
$
|
62,314.95
|
|
|
|
|
62,314.95
|
|
Collection Account Interest
|
|
$
|
30,275.70
|
|
Late Fees & Other Charges
|
|
$
|
24,942.93
|
|
Total due to Servicer
|
|
$
|
117,533.58
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2. Class A Noteholders Interest:
|
Class A-1 Notes
|
|
|
$
|
-
|
|
|
|
|
|
|
$
|
-
|
|
|
|
|
|
|
Class A-2 Notes
|
|
|
$
|
-
|
|
|
|
|
|
|
$
|
-
|
|
|
|
|
|
|
Class A-3 Notes
|
|
|
$
|
-
|
|
|
|
|
|
|
$
|
-
|
|
|
|
|
|
|
Class A-4 Notes
|
|
|
$
|
-
|
|
|
|
|
|
|
$
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Class A interest:
|
|
|
$
|
-
|
|
|
|
|
|
|
$
|
-
|
|
|
|
|
0.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3. First Priority Principal Distribution:
|
|
|
$
|
-
|
|
|
|
|
|
|
$
|
-
|
|
|
|
|
0.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4. Class B Noteholders Interest:
|
|
|
$
|
2,641.30
|
|
|
|
|
|
|
$
|
2,641.30
|
|
|
|
|
2,641.30
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5. Second Priority Principal Distribution:
|
|
|
$
|
-
|
|
|
|
|
|
|
$
|
-
|
|
|
|
|
0.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6. Class C Noteholders Interest:
|
|
|
$
|
47,413.33
|
|
|
|
|
|
|
$
|
47,413.33
|
|
|
|
|
47,413.33
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Available Funds Remaining:
|
|
$
|
7,272,502.02
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7. Regular Principal Distribution Amount:
|
|
|
6,951,974.18
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Distributable Amount
|
|
|
|
|
|
|
Paid Amount
|
|
|
|
|
|
|
Class A-1 Notes
|
|
|
$
|
-
|
|
|
|
|
|
|
Class A-2 Notes
|
|
|
$
|
-
|
|
|
|
|
|
|
Class A-3 Notes
|
|
|
$
|
-
|
|
|
|
|
|
|
Class A-4 Notes
|
|
|
$
|
-
|
|
|
|
|
|
|
Class A Notes Total:
|
|
|
$
|
-
|
|
|
|
|
|
|
$
|
-
|
|
|
|
|
|
|
Class B Notes Total:
|
|
|
$
|
3,371,870.45
|
|
|
|
|
|
|
$
|
3,371,870.45
|
|
|
|
|
|
|
Class C Notes Total:
|
|
|
$
|
3,580,103.73
|
|
|
|
|
|
|
$
|
3,580,103.73
|
|
|
|
|
|
|
Total Noteholders Principal
|
|
|
$
|
6,951,974.18
|
|
|
|
|
|
|
$
|
6,951,974.18
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8. Required Deposit to Reserve Account
|
|
|
0.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9. Trustee Expenses and Asset Representations Reviewer Expenses
|
|
|
0.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10. Remaining Available Collections Released to Certificateholder
|
|
|
320,527.84
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
V. YIELD SUPPLEMENT OVERCOLLATERALIZATION AMOUNT (YSOA)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning Period Required Amount
|
|
$
|
286,318.75
|
|
Beginning Period Amount
|
|
$
|
286,318.75
|
|
Current Period Amortization
|
|
$
|
37,425.72
|
|
Ending Period Required Amount
|
|
$
|
248,893.03
|
|
Ending Period Amount
|
|
$
|
248,893.03
|
|
Next Distribution Date Required Amount
|
|
$
|
214,904.78
|
|
VI. RESERVE ACCOUNT
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reserve Percentage of Initial Adjusted Pool Balance
|
|
|
|
1.00
|
%
|
Beginning Period Required Amount
|
|
|
$
|
11,853,251.33
|
|
Beginning Period Amount
|
|
|
$
|
11,853,251.33
|
|
Current Period Release to Collection Account
|
|
|
$
|
-
|
|
Current Period Deposit
|
|
|
$
|
-
|
|
Current Period Release to Depositor
|
|
|
$
|
-
|
|
Ending Period Required Amount (1.00% of APB of cut-off date)
|
|
|
$
|
11,853,251.33
|
|
Ending Period Amount
|
|
|
$
|
11,853,251.33
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
VII. OVERCOLLATERALIZATION
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overcollateralization Target
|
|
|
3.00
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overcollateralization Floor
|
|
|
3.00
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning
|
|
|
Ending
|
|
|
Target
|
|
Overcollateralization Amount
|
|
|
$
|
35,559,754.00
|
|
|
$
|
35,559,754.00
|
|
|
$
|
35,559,754.00
|
|
Overcollateralization as a % of Original Adjusted Pool
|
|
|
3.00
|
%
|
|
3.00
|
%
|
|
3.00
|
%
|
Overcollateralization as a % of Current Adjusted Pool
|
|
|
47.74
|
%
|
|
52.65
|
%
|
|
52.65
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
VIII. DELINQUENCY AND NET LOSS ACTIVITY
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delinquent Receivables
|
|
|
Units Percent
|
|
|
Units
|
|
|
Dollars Percent
|
|
|
Amount
|
|
Current
|
|
|
97.35
|
%
|
|
13,192
|
|
|
|
95.45
|
%
|
$
|
64,705,907.61
|
|
30 - 60 Days
|
|
|
2.04
|
%
|
|
276
|
|
|
|
3.44
|
%
|
$
|
2,331,157.00
|
|
61 - 90 Days
|
|
|
0.54
|
%
|
|
73
|
|
|
|
1.00
|
%
|
$
|
679,868.18
|
|
91-120 Days
|
|
|
0.07
|
%
|
|
9
|
|
|
|
0.09
|
%
|
$
|
61,854.11
|
|
121 + Days
|
|
|
0.01
|
%
|
|
1
|
|
|
|
0.01
|
%
|
$
|
9,756.40
|
|
Total
|
|
|
13,551
|
|
|
|
|
|
|
$
|
67,788,543.30
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delinquent Receivables 30+ Days Past Due
|
Current Period
|
|
|
2.65
|
%
|
|
359
|
|
|
|
4.55
|
%
|
$
|
3,082,635.69
|
|
1st Preceding Collection Period
|
|
|
2.38
|
%
|
|
339
|
|
|
|
4.01
|
%
|
$
|
2,997,564.59
|
|
2nd Preceding Collection Period
|
|
|
2.37
|
%
|
|
353
|
|
|
|
3.78
|
%
|
$
|
3,128,502.88
|
|
3rd Preceding Collection Period
|
|
|
2.29
|
%
|
|
357
|
|
|
|
3.61
|
%
|
$
|
3,281,239.13
|
|
Four-Month Average
|
|
|
2.42
|
%
|
|
|
|
|
|
|
3.99
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of 61+ Delinquency Receivables Balance to EOP Pool Balance
|
|
|
1.11
|
%
|
|
|
|
Delinquency Percentage exceeds Delinquency Trigger of 9.6% (Y/N)
|
|
|
No
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repossession in Current Period
|
|
|
14
|
|
|
|
|
|
|
$
|
133,487.45
|
|
Repossession Inventory
|
|
|
33
|
|
|
|
|
|
|
$
|
377,224.42
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Charge-Offs
|
Gross Principal of Charge-Offs
|
|
|
$
|
90,353.44
|
|
Recoveries
|
|
|
$
|
(136,363.15
|
)
|
Net Loss
|
|
|
$
|
(46,009.71
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of Current Net Loss to Beginning Pool Balance (annualized)
|
|
|
|
-0.74
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average Pool Balance for Current Period
|
|
|
$
|
71,283,243.25
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of Current Net Loss to Average Pool Balance (annualized)
|
Current Period
|
|
|
|
-0.77
|
%
|
1st Preceding Collection Period
|
|
|
|
0.75
|
%
|
2nd Preceding Collection Period
|
|
|
|
-0.48
|
%
|
3rd Preceding Collection Period
|
|
|
|
-0.80
|
%
|
Four-Month Average
|
|
|
|
-0.33
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cumulative Charge-Offs
|
|
|
Change in units from
prior period
|
|
|
Cumulative Units
|
|
|
Cumulative Amount
|
|
Gross Principal of Charge-Offs
|
|
|
15
|
|
|
|
1,670
|
|
|
$
|
23,507,140.42
|
|
Recoveries
|
|
|
23
|
|
|
|
1,369
|
|
|
$
|
(14,200,485.07
|
)
|
Net Loss
|
|
|
$
|
9,306,655.35
|
|
Cumulative Net Loss as a % of Initial Pool Balance
|
|
|
|
0.78
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Loss for Receivables that have experienced a Net Loss *
|
|
|
4
|
|
|
|
1,281
|
|
|
$
|
9,344,467.43
|
|
Average Net Loss for Receivables that have experienced a Net Loss
|
|
|
$
|
7,294.67
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Balance of Extensions
|
|
|
$
|
428,240.82
|
|
Number of Extensions
|
|
|
|
47
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* Excludes receivables with recovered amounts equal to or in excess of principal charge-offs due to the recovery of assessments, such as interest and fees.
|