Hyundai Auto Receivables Trust 2020-C
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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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46
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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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September 21, 2020
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Closing Date:
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October 28, 2020
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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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1,324,207,677.37
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53,865
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3.36
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%
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59.75
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Original Adj. Pool Balance:
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$
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1,287,565,993.75
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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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253,700,000.00
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19.159
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%
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0.18575
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%
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November 15, 2021
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Class A-2 Notes
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Fixed
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$
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420,000,000.00
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31.717
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%
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0.26000
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%
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September 15, 2023
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Class A-3 Notes
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Fixed
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$
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420,000,000.00
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31.717
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%
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0.38000
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%
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May 15, 2025
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Class A-4 Notes
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Fixed
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$
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99,870,000.00
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7.542
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%
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0.49000
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%
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November 16, 2026
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Class B Notes
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Fixed
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$
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23,180,000.00
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1.750
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%
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0.81000
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%
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November 16, 2026
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Class C Notes
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Fixed
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$
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38,630,000.00
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2.917
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%
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1.08000
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%
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December 15, 2027
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Total Securities
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$
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1,255,380,000.00
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94.802
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%
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Overcollateralization
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$
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32,185,993.75
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2.431
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%
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YSOA
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$
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36,641,683.62
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2.767
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%
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Total Original Pool Balance
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$
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1,324,207,677.37
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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 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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-
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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-4 Notes
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$
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44,305,934.31
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0.4436361
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$
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32,135,818.19
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0.3217765
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$
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12,170,116.12
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Class B Notes
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$
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23,180,000.00
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1.0000000
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$
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23,180,000.00
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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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38,630,000.00
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1.0000000
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$
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38,630,000.00
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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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106,115,934.31
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0.0845289
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$
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93,945,818.19
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0.0748346
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$
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12,170,116.12
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Weighted Avg. Coupon (WAC)
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3.34
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%
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3.37
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%
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Weighted Avg. Remaining Maturity (WARM)
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19.71
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19.07
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Pool Receivables Balance
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$
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147,262,743.77
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$
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134,827,802.43
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Remaining Number of Receivables
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21,807
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20,978
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Adjusted Pool Balance
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$
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144,742,914.12
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$
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132,572,798.00
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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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12,257,687.78
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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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186,140.60
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Total Principal Collections
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$
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12,443,828.38
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Interest:
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Interest Collections
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$
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405,631.74
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Late Fees & Other Charges
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$
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32,400.99
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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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438,032.73
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Collection Account Interest
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$
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48,448.94
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Reserve Account Interest
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$
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28,333.24
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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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12,958,643.29
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IV. DISTRIBUTIONS
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Total Collections
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$
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12,958,643.29
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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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12,958,643.29
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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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122,718.95
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$
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-
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$
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122,718.95
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122,718.95
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Collection Account Interest
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$
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48,448.94
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Late Fees & Other Charges
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$
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32,400.99
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Total due to Servicer
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$
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203,568.88
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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 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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-
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$
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-
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Class A-4 Notes
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$
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18,091.59
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$
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18,091.59
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Total Class A interest:
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$
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18,091.59
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$
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18,091.59
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18,091.59
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3. First Priority Principal Distribution:
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$
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-
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$
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-
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0.00
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4. Class B Noteholders Interest:
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$
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15,646.50
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$
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15,646.50
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15,646.50
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5. Second Priority Principal Distribution:
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$
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-
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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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34,767.00
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$
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34,767.00
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34,767.00
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Available Funds Remaining:
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$
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12,686,569.32
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7. Regular Principal Distribution Amount:
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12,170,116.12
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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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-
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Class A-2 Notes
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$
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-
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Class A-3 Notes
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$
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-
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Class A-4 Notes
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$
|
12,170,116.12
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Class A Notes Total:
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$
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12,170,116.12
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$
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12,170,116.12
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Class B Notes Total:
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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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Total Noteholders Principal
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$
|
12,170,116.12
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$
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12,170,116.12
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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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|
|
516,453.20
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V. YIELD SUPPLEMENT OVERCOLLATERALIZATION AMOUNT (YSOA)
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Beginning Period Required Amount
|
|
|
$
|
2,519,829.65
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Beginning Period Amount
|
|
|
$
|
2,519,829.65
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|
Current Period Amortization
|
|
|
$
|
264,825.22
|
|
Ending Period Required Amount
|
|
|
$
|
2,255,004.43
|
|
Ending Period Amount
|
|
|
$
|
2,255,004.43
|
|
Next Distribution Date Required Amount
|
|
|
$
|
2,009,762.06
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|
VI. RESERVE ACCOUNT
|
|
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Reserve Percentage of Initial Adjusted Pool Balance
|
|
|
|
0.50
|
%
|
Beginning Period Required Amount
|
|
|
$
|
6,437,829.97
|
|
Beginning Period Amount
|
|
|
$
|
6,437,829.97
|
|
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)
|
|
|
$
|
6,437,829.97
|
|
Ending Period Amount
|
|
|
$
|
6,437,829.97
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
VII. OVERCOLLATERALIZATION
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overcollateralization Target
|
|
|
3.00
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overcollateralization Floor
|
|
|
3.00
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning
|
|
|
Ending
|
|
|
Target
|
|
Overcollateralization Amount
|
|
|
$
|
38,626,979.81
|
|
|
$
|
38,626,979.81
|
|
|
$
|
38,626,979.81
|
|
Overcollateralization as a % of Original Adjusted Pool
|
|
|
3.00
|
%
|
|
3.00
|
%
|
|
3.00
|
%
|
Overcollateralization as a % of Current Adjusted Pool
|
|
|
26.69
|
%
|
|
29.14
|
%
|
|
29.14
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
VIII. DELINQUENCY AND NET LOSS ACTIVITY
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delinquent Receivables
|
|
|
Units Percent
|
|
|
Units
|
|
|
Dollars Percent
|
|
|
Amount
|
|
Current
|
|
|
98.08
|
%
|
|
20,576
|
|
|
|
96.50
|
%
|
$
|
130,107,893.24
|
|
30 - 60 Days
|
|
|
1.46
|
%
|
|
307
|
|
|
|
2.55
|
%
|
$
|
3,443,840.40
|
|
61 - 90 Days
|
|
|
0.37
|
%
|
|
78
|
|
|
|
0.76
|
%
|
$
|
1,021,885.57
|
|
91-120 Days
|
|
|
0.08
|
%
|
|
16
|
|
|
|
0.17
|
%
|
$
|
224,146.19
|
|
121 + Days
|
|
|
0.00
|
%
|
|
1
|
|
|
|
0.02
|
%
|
$
|
30,037.03
|
|
Total
|
|
|
20,978
|
|
|
|
|
|
|
$
|
134,827,802.43
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delinquent Receivables 30+ Days Past Due
|
Current Period
|
|
|
1.92
|
%
|
|
402
|
|
|
|
3.50
|
%
|
$
|
4,719,909.19
|
|
1st Preceding Collection Period
|
|
|
1.77
|
%
|
|
387
|
|
|
|
3.23
|
%
|
$
|
4,760,788.22
|
|
2nd Preceding Collection Period
|
|
|
1.66
|
%
|
|
374
|
|
|
|
2.90
|
%
|
$
|
4,634,203.10
|
|
3rd Preceding Collection Period
|
|
|
1.55
|
%
|
|
362
|
|
|
|
2.71
|
%
|
$
|
4,712,712.29
|
|
Four-Month Average
|
|
|
1.73
|
%
|
|
|
|
|
|
|
3.09
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of 61+ Delinquency Receivables Balance to EOP Pool Balance
|
|
|
0.95
|
%
|
|
|
|
Delinquency Percentage exceeds Delinquency Trigger of 9.6% (Y/N)
|
|
|
No
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repossession in Current Period
|
|
|
8
|
|
|
|
|
|
|
$
|
129,403.30
|
|
Repossession Inventory
|
|
|
29
|
|
|
|
|
|
|
$
|
456,957.28
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Charge-Offs
|
Gross Principal of Charge-Offs
|
|
|
$
|
177,253.56
|
|
Recoveries
|
|
|
$
|
(186,140.60
|
)
|
Net Loss
|
|
|
$
|
(8,887.04
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of Current Net Loss to Beginning Pool Balance (annualized)
|
|
|
|
-0.07
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average Pool Balance for Current Period
|
|
|
$
|
141,045,273.10
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of Current Net Loss to Average Pool Balance (annualized)
|
Current Period
|
|
|
|
-0.08
|
%
|
1st Preceding Collection Period
|
|
|
|
0.30
|
%
|
2nd Preceding Collection Period
|
|
|
|
0.69
|
%
|
3rd Preceding Collection Period
|
|
|
|
-0.28
|
%
|
Four-Month Average
|
|
|
|
0.16
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cumulative Charge-Offs
|
|
|
Change in units from
prior period
|
|
|
Cumulative Units
|
|
Cumulative Amount
|
|
Gross Principal of Charge-Offs
|
|
|
16
|
|
|
|
1 ,550
|
|
|
$
|
25,339,916.48
|
|
Recoveries
|
|
|
19
|
|
|
|
1 ,265
|
|
|
$
|
(14,788,150.46
|
)
|
Net Loss
|
|
|
$
|
10,551,766.02
|
|
Cumulative Net Loss as a % of Initial Pool Balance
|
|
|
|
0.80
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Loss for Receivables that have experienced a Net Loss *
|
|
|
11
|
|
|
|
1,251
|
|
|
$
|
10,630,799.31
|
|
Average Net Loss for Receivables that have experienced a Net Loss
|
|
|
$
|
8,497.84
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Balance of Extensions
|
|
|
$
|
1,061,348.12
|
|
Number of Extensions
|
|
|
|
96
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* 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.
|