Hyundai Auto Receivables Trust 2022-B
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Monthly Servicing Report
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Collection Period
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July 2024
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Distribution Date
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08/15/24
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Transaction Month
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25
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30/360 Days
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30
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Actual/360 Days
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31
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I. ORIGINAL DEAL PARAMETERS
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Cut off Date:
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June 7, 2022
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Closing Date:
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July 20, 2022
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Dollars
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Units
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WAC
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WARM
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Original Pool Balance:
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$
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1,537,128,048.52
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65,507
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3.29
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%
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54.60
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Original Adj. Pool Balance:
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$
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1,393,975,736.04
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Amount
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% of Pool
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Note Rate
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Final Payment Date
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Class A-1 Notes
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Fixed
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$
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286,000,000.00
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18.606
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%
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2.55700
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%
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July 17, 2023
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Class A-2-A Notes
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Fixed
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$
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355,000,000.00
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23.095
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%
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3.64000
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%
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May 15, 2025
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Class A-2-B Notes
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Floating
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$
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118,400,000.00
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7.703
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%
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SOFR + 0.58
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%
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May 15, 2025
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Class A-3 Notes
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Fixed
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$
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429,100,000.00
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27.916
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%
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3.72000
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%
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November 16, 2026
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Class A-4 Notes
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Fixed
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$
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103,700,000.00
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6.746
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%
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3.80000
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%
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August 15, 2028
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Class B Notes
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Fixed
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$
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25,100,000.00
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1.633
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%
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4.51000
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%
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August 15, 2028
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Class C Notes
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Fixed
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$
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41,800,000.00
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2.719
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%
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4.80000
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%
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January 16, 2029
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Total Securities
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$
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1,359,100,000.00
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88.418
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%
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Overcollateralization
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$
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34,875,736.04
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2.269
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%
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YSOA
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$
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143,152,312.48
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9.313
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%
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Total Original Pool Balance
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$
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1,537,128,048.52
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100.00
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%
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II. POOL BALANCE AND PORTFOLIO INFORMATION
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Beginning of Period
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Ending of Period
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Change
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Balance
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Note Factor
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Balance
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Note Factor
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Class A-1 Notes
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$
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-
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-
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$
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-
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-
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$
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-
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Class A-2-A Notes
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$
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-
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-
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$
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-
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-
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$
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-
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Class A-2-B Notes
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$
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-
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-
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$
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-
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-
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$
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-
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Class A-3 Notes
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$
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343,976,192.11
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0.8016224
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$
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316,591,141.65
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0.7378027
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$
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27,385,050.46
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Class A-4 Notes
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$
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103,700,000.00
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1.0000000
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$
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103,700,000.00
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1.0000000
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$
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-
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Class B Notes
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$
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25,100,000.00
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1.0000000
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$
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25,100,000.00
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1.0000000
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$
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-
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Class C Notes
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$
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41,800,000.00
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1.0000000
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$
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41,800,000.00
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1.0000000
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$
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-
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Total Securities
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$
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514,576,192.11
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0.3786154
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$
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487,191,141.65
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0.3584660
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$
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27,385,050.46
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Weighted Avg. Coupon (WAC)
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3.37
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%
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3.38
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%
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Weighted Avg. Remaining Maturity (WARM)
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32.05
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31.18
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Pool Receivables Balance
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$
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597,634,778.34
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$
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567,460,927.63
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Remaining Number of Receivables
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44,784
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43,942
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Adjusted Pool Balance
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$
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552,910,524.85
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$
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525,525,474.39
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III. COLLECTIONS
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Principal:
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Principal Collections
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$
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29,386,507.49
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Repurchased Contract Proceeds Related to Principal
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$
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-
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Recoveries/Liquidation Proceeds
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$
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292,343.81
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Total Principal Collections
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$
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29,678,851.30
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Interest:
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Interest Collections
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$
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1,662,087.29
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Late Fees & Other Charges
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$
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51,417.41
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Interest on Repurchase Principal
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$
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-
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Total Interest Collections
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$
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1,713,504.70
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Collection Account Interest
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$
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118,759.49
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Reserve Account Interest
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$
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30,822.53
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Servicer Advances
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$
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-
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Total Collections
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$
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31,541,938.02
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IV. DISTRIBUTIONS
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Total Collections
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$
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31,541,938.02
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Reserve Account Release
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$
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-
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Reserve Account Draw
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$
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-
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Total Available for Distribution
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$
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31,541,938.02
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Amount Due
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Interest Pymt Due
but unpaid from prior
periods
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Amount Paid
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1. Servicing Fee @1.00%:
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Servicing Fee Due
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1.00
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%
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$
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498,028.98
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$
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-
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$
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498,028.98
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498,028.98
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Collection & Reserve Account Interest
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$
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149,582.02
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Late Fees & Other Charges
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$
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51,417.41
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Total due to Servicer
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$
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699,028.41
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2. Class A Noteholders Interest:
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Class A-1 Notes
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$
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-
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$
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-
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Class A-2-A Notes
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$
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-
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$
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-
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Class A-2-B Notes
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$
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-
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$
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-
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Class A-3 Notes
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$
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1,066,326.20
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$
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1,066,326.20
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Class A-4 Notes
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$
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328,383.33
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$
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328,383.33
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Total Class A interest:
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$
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1,394,709.53
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$
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1,394,709.53
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1,394,709.53
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3. First Priority Principal Distribution:
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$
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0.00
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$
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0.00
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0.00
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4. Class B Noteholders Interest:
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$
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94,334.17
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$
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94,334.17
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94,334.17
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5. Second Priority Principal Distribution:
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$
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0.00
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$
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-
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0.00
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6. Class C Noteholders Interest:
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$
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167,200.00
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$
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167,200.00
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167,200.00
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Available Funds Remaining:
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$
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29,186,665.91
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7. Regular Principal Distribution Amount:
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27,385,050.46
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Distributable Amount
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Paid Amount
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Class A-1 Notes
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$
|
-
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Class A-2-A Notes
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$
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-
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Class A-2-B Notes
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$
|
-
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Class A-3 Notes
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|
$
|
27,385,050.46
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Class A-4 Notes
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|
$
|
-
|
|
|
|
|
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|
Class A Notes Total:
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|
$
|
27,385,050.46
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$
|
27,385,050.46
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|
|
|
|
|
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Class B Notes Total:
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$
|
-
|
|
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|
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|
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$
|
-
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|
|
|
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|
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Class C Notes Total:
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$
|
-
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|
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|
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$
|
-
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|
|
|
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|
Total Noteholders Principal
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|
$
|
27,385,050.46
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$
|
27,385,050.46
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8. Required Deposit to Reserve Account
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0.00
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9. Trustee Expenses and Asset Representations Reviewer Expenses
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|
0.00
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10. Remaining Available Collections Released to Certificateholder
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|
|
1,801,615.45
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V. YIELD SUPPLEMENT OVERCOLLATERALIZATION AMOUNT (YSOA)
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|
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|
|
|
|
|
|
Beginning Period Required Amount
|
|
$
|
44,724,253.49
|
|
Beginning Period Amount
|
|
$
|
44,724,253.49
|
|
Current Period Amortization
|
|
$
|
2,788,800.25
|
|
Ending Period Required Amount
|
|
$
|
41,935,453.24
|
|
Ending Period Amount
|
|
$
|
41,935,453.24
|
|
Next Distribution Date Required Amount
|
|
$
|
39,242,545.19
|
|
VI. RESERVE ACCOUNT
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reserve Percentage of Initial Adjusted Pool Balance
|
|
|
|
0.50
|
%
|
Beginning Period Required Amount
|
|
|
$
|
6,969,878.68
|
|
Beginning Period Amount
|
|
|
$
|
6,969,878.68
|
|
Current Period Release to Collection Account
|
|
|
$
|
-
|
|
Current Period Deposit
|
|
|
$
|
-
|
|
Current Period Release to Depositor
|
|
|
$
|
-
|
|
Ending Period Required Amount (0.50% of APB of cut-off date)
|
|
|
$
|
6,969,878.68
|
|
Ending Period Amount
|
|
|
$
|
6,969,878.68
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
VII. OVERCOLLATERALIZATION
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overcollateralization Target
|
|
|
2.75
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overcollateralization Floor
|
|
|
2.75
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning
|
|
|
Ending
|
|
|
Target
|
|
Overcollateralization Amount
|
|
|
$
|
38,334,332.74
|
|
|
$
|
38,334,332.74
|
|
|
$
|
38,334,332.74
|
|
Overcollateralization as a % of Original Adjusted Pool
|
|
|
2.75
|
%
|
|
2.75
|
%
|
|
2.75
|
%
|
Overcollateralization as a % of Current Adjusted Pool
|
|
|
6.93
|
%
|
|
7.29
|
%
|
|
7.29
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
VIII. DELINQUENCY AND NET LOSS ACTIVITY
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delinquent Receivables
|
|
|
Units Percent
|
|
|
Units
|
|
|
Dollars Percent
|
|
|
Amount
|
|
Current
|
|
|
98.60
|
%
|
|
43,325
|
|
|
|
97.85
|
%
|
$
|
555,260,486.43
|
|
30 - 60 Days
|
|
|
1.11
|
%
|
|
488
|
|
|
|
1.67
|
%
|
$
|
9,467,308.69
|
|
61 - 90 Days
|
|
|
0.23
|
%
|
|
103
|
|
|
|
0.39
|
%
|
$
|
2,191,761.95
|
|
91-120 Days
|
|
|
0.06
|
%
|
|
26
|
|
|
|
0.10
|
%
|
$
|
541,370.56
|
|
121 + Days
|
|
|
0.00
|
%
|
|
0
|
|
|
|
0.00
|
%
|
$
|
-
|
|
Total
|
|
|
43,942
|
|
|
|
|
|
|
$
|
567,460,927.63
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delinquent Receivables 30+ Days Past Due
|
Current Period
|
|
|
1.40
|
%
|
|
617
|
|
|
|
2.15
|
%
|
$
|
12,200,441.20
|
|
1st Preceding Collection Period
|
|
|
1.37
|
%
|
|
612
|
|
|
|
2.06
|
%
|
$
|
12,293,462.37
|
|
2nd Preceding Collection Period
|
|
|
1.34
|
%
|
|
610
|
|
|
|
1.95
|
%
|
$
|
12,195,993.79
|
|
3rd Preceding Collection Period
|
|
|
1.21
|
%
|
|
559
|
|
|
|
1.76
|
%
|
$
|
11,565,851.50
|
|
Four-Month Average
|
|
|
1.33
|
%
|
|
|
|
|
|
|
1.98
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of 61+ Delinquency Receivables Balance to EOP Pool Balance
|
|
|
0.48
|
%
|
|
|
|
Delinquency Percentage exceeds Delinquency Trigger of 9.6% (Y/N)
|
|
|
No
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repossession in Current Period
|
|
|
28
|
|
|
|
|
|
|
$
|
654,538.41
|
|
Repossession Inventory
|
|
|
57
|
|
|
|
|
|
|
$
|
1,322,116.11
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Charge-Offs
|
Gross Principal of Charge-Offs
|
|
|
$
|
787,343.22
|
|
Recoveries
|
|
|
$
|
(292,343.81
|
)
|
Net Loss
|
|
|
$
|
494,999.41
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of Current Net Loss to Beginning Pool Balance (annualized)
|
|
|
|
0.99
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average Pool Balance for Current Period
|
|
|
$
|
582,547,852.99
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of Current Net Loss to Average Pool Balance (annualized)
|
Current Period
|
|
|
|
1.02
|
%
|
1st Preceding Collection Period
|
|
|
|
0.19
|
%
|
2nd Preceding Collection Period
|
|
|
|
0.56
|
%
|
3rd Preceding Collection Period
|
|
|
|
0.03
|
%
|
Four-Month Average
|
|
|
|
0.45
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cumulative Charge-Offs
|
|
|
Change in units from
prior period
|
|
|
Cumulative Units
|
|
|
Cumulative Amount
|
|
Gross Principal of Charge-Offs
|
|
|
47
|
|
|
|
989
|
|
|
$
|
20,497,123.91
|
|
Recoveries
|
|
|
27
|
|
|
|
755
|
|
|
$
|
(9,778,296.45
|
)
|
Net Loss
|
|
|
$
|
10,718,827.46
|
|
Cumulative Net Loss as a % of Initial Pool Balance
|
|
|
|
0.70
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Loss for Receivables that have experienced a Net Loss *
|
|
|
44
|
|
|
|
880
|
|
|
$
|
10,718,827.46
|
|
Average Net Loss for Receivables that have experienced a Net Loss
|
|
|
$
|
12,180.49
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Balance of Extensions
|
|
|
$
|
3,742,501.87
|
|
Number of Extensions
|
|
|
|
192
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* 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.
|