08/05/2024 | Press release | Distributed by Public on 08/05/2024 12:27
Accrued Interest Date: |
6/25/24
|
Collection Period Ending:
|
6/30/24
|
||
Current Payment Date: |
7/25/24
|
Period:
|
12 |
Balances
|
|||||||||||||||||
Initial
|
Beginning of Period
|
End of Period
|
|||||||||||||||
Pool Balance
|
$ |
1,670,093,594.79
|
$ |
1,042,683,888.99
|
$ |
999,147,798.30
|
|
||||||||||
Yield Supplement Overcollateralization Amount
|
$ |
131,629,368.54
|
$ |
64,494,908.29
|
$ |
60,385,988.87
|
|
||||||||||
Adjusted Pool Balance
|
$ |
1,538,464,226.25
|
$ |
978,188,980.70
|
$ |
938,761,809.43
|
|||||||||||
Reserve Account
|
$ |
3,846,160.57
|
$ |
3,846,160.57
|
$ |
3,846,160.57
|
|||||||||||
Overcollateralization
|
$ |
38,464,226.25
|
$ |
38,461,605.66
|
$ |
38,461,605.66
|
|||||||||||
Notes
|
|
Ratio | |||||||||||||||
Class A-1 Notes
|
$ |
350,000,000.00
|
|
-
|
|
-
|
|
0.0% |
|||||||||
Class A-2a Notes
|
$ |
345,000,000.00
|
$ |
206,820,846.46
|
$ |
180,911,562.48
|
|
20.1%
|
|||||||||
Class A-2b Notes
|
$ |
180,000,000.00
|
$ |
107,906,528.58
|
$ |
94,388,641.29
|
10.5% |
||||||||||
|
|||||||||||||||||
Class A-3 Notes
|
$ |
525,000,000.00
|
$ |
525,000,000.00
|
$ |
525,000,000.00
|
|
58.3%
|
|||||||||
Class A-4 Notes
|
$ |
100,000,000.00
|
$ |
100,000,000.00
|
$ |
100,000,000.00
|
|
11.1%
|
|||||||||
$ |
1,500,000,000.00
|
$ |
939,727,375.04
|
$ |
900,300,203.77
|
|
100.0% |
||||||||||
Reconciliation of Collection Account
|
||||||||||||||||||
Available Funds:
|
||||||||||||||||||
Available Interest:
|
||||||||||||||||||
Interest Collected on Receivables
|
$ |
3,834,695.00
|
||||||||||||||||
Servicer Advances
|
154,147.15
|
|||||||||||||||||
Servicer Advance Reimbursement
|
116,467.27
|
|||||||||||||||||
Administrative Purchase Payment
|
0.00
|
|||||||||||||||||
Warranty Purchase Payment
|
6,368.32
|
|||||||||||||||||
Recoveries
|
0.00
|
|||||||||||||||||
Investment Earnings from Reserve Account
|
16,571.02
|
|||||||||||||||||
Investment Earnings from Collection Account
|
0.00
|
|||||||||||||||||
Total Available Interest
|
$ |
3,895,314.22
|
||||||||||||||||
Available Principal:
|
||||||||||||||||||
Principal Collection on Receivables
|
||||||||||||||||||
Receipts of Scheduled Principal
|
$ |
29,653,494.50
|
||||||||||||||||
Receipts of Pre-Paid Principal
|
13,510,252.06
|
|||||||||||||||||
Liquidation Proceeds
|
62,081.00
|
|||||||||||||||||
Administrative Purchase Payment
|
0.00
|
|||||||||||||||||
Warranty Purchase Payment
|
303,246.49
|
|||||||||||||||||
Total Available Principal
|
$ |
43,529,074.05
|
||||||||||||||||
Advances from the Reserve Account
|
$ |
0.00 | ||||||||||||||||
Release from the Reserve Fund Account
|
$ |
0.00 | ||||||||||||||||
Total Available Funds
|
$ |
47,424,388.27
|
||||||||||||||||
Distributions:
|
||||||||||||||||||
Servicing Fees
|
$ |
868,903.24
|
||||||||||||||||
Non-recoverable Servicer Advance Reimbursement
|
9,608.92
|
|||||||||||||||||
Noteholder's Accrued and Unpaid Interest
|
4,334,903.45
|
|||||||||||||||||
First Priority Principal Distribution Amount to Noteholders
|
965,565.61
|
|||||||||||||||||
Reserve Account Deposit to achieve the Specified Reserve Account Balance
|
0.00
|
|||||||||||||||||
Regular Principal Distributable Amount to Noteholders
|
38,461,605.66
|
|||||||||||||||||
Amounts paid to Indenture Trustee, Owner Trustee and Asset |
5,000.00
|
|||||||||||||||||
Representations Reviewer (subject to annual cap) |
||||||||||||||||||
Amounts paid to Indenture Trustee, Owner Trustee and Asset |
0.00
|
|||||||||||||||||
Representations Reviewer (not subject to annual cap) |
||||||||||||||||||
Certificate Distribution Account (any remaining payments)
|
2,778,801.39
|
|||||||||||||||||
Total Distributions
|
$ |
47,424,388.27
|
||||||||||||||||
Monthly Period Receivables Principal Balance Calculation
|
||||||||||||||||||
Beginning Receivable Principal Balance
|
$ |
1,042,683,888.99
|
||||||||||||||||
Monthly Principal Received
|
||||||||||||||||||
Regular Principal Received
|
$ |
29,653,494.50
|
||||||||||||||||
Prepaid Principal Received
|
13,510,252.06
|
|||||||||||||||||
Liquidation Proceeds
|
62,081.00
|
|||||||||||||||||
Principal Balance Allocable to Gross Charge-offs
|
7,016.64
|
|||||||||||||||||
Principal Portion of Repurchased Receivables
|
303,246.49
|
|||||||||||||||||
Total Monthly Principal Amounts
|
$ |
43,536,090.69
|
||||||||||||||||
Ending Receivable Principal Balance
|
$ |
999,147,798.30
|
||||||||||||||||
Payments to Indenture Trustee, Owner Trustee and Asset Representations Reviewer
|
||||||||||||||||||
Indenture Trustee
|
|
|||||||||||||||||
Amount due and payable to Indenture Trustee before giving effect to payments on current Payment Date:
|
|
-
|
||||||||||||||||
Amount due and payable to Indenture Trustee after giving effect to payments on current Payment Date:
|
0.00
|
|||||||||||||||||
|
||||||||||||||||||
Owner Trustee
|
||||||||||||||||||
Amount due and payable to Owner Trustee before giving effect to payments on current Payment Date:
|
|
-
|
||||||||||||||||
Amount due and payable to Owner Trustee after giving effect to payments on current Payment Date:
|
|
0.00
|
||||||||||||||||
|
||||||||||||||||||
Asset Representations Reviewer Trustee | ||||||||||||||||||
Amount due and payable to Asset Representations Reviewer before giving effect to payments on current Payment Date:
|
$ |
5,000.00 | ||||||||||||||||
Amount due and payable to Asset Representations Reviewer after giving effect to payments on current Payment Date:
|
0.00 |
Distributions
|
||||||||||||||||||||
Interest Distributable Amount
|
Interest Rate
|
Current Payment
|
Per $1,000
|
|||||||||||||||||
Class A-1 Notes
|
5.59300
|
% |
$ |
0.00
|
0.00
|
|||||||||||||||
Class A-2a Notes
|
5.72000
|
% | $ |
985,846.03
|
2.86
|
|||||||||||||||
Class A-2b Notes
|
5.76535
|
% |
$ |
518,432.42
|
2.88
|
|||||||||||||||
Class A-3 Notes
|
5.47000
|
% | $ |
2,393,125.00
|
4.56
|
|||||||||||||||
Class A-4 Notes
|
5.25000
|
% | $ |
437,500.00
|
4.38
|
|||||||||||||||
$ |
4,334,903.45
|
|||||||||||||||||||
Monthly Principal Distributable Amount
|
Beginning Balance
|
Current Payment
|
Ending Balance
|
Per $1,000
|
Note Factor
|
|||||||||||||||
Class A-1 Notes
|
|
-
|
|
-
|
|
-
|
0.00
|
0.00
|
||||||||||||
Class A-2a Notes
|
$ |
206,820,846.46
|
$ |
25,909,283.98
|
$ |
180,911,562.48
|
75.10 |
0.52
|
||||||||||||
Class A-2b Notes
|
$ |
107,906,528.58
|
$ |
13,517,887.29
|
$ |
94,388,641.29
|
75.10
|
0.52
|
||||||||||||
Class A-3 Notes
|
$ |
525,000,000.00
|
|
-
|
$ |
525,000,000.00
|
0.00
|
1.00
|
||||||||||||
Class A-4 Notes
|
$ |
100,000,000.00
|
- | $ |
100,000,000.00
|
0.00
|
1.00
|
|||||||||||||
|
939,727,375.04
|
39,427,171.27
|
900,300,203.77
|
|||||||||||||||||
Carryover Shortfalls
|
||||||||||||||||||||
Prior Period Carryover
|
Current Payment
|
Per $1,000
|
||||||||||||||||||
Class A-1 Interest Carryover Shortfall
|
- | - | - | |||||||||||||||||
Class A-2a Interest Carryover Shortfall
|
- | - | - | |||||||||||||||||
Class A-2b Interest Carryover Shortfall
|
- |
- |
- |
|||||||||||||||||
Class A-3 Interest Carryover Shortfall
|
- | - | - | |||||||||||||||||
Class A-4 Interest Carryover Shortfall
|
- | - | - | |||||||||||||||||
Yield Supplement Overcollateralization Amount
|
||||||||||||||||||||
Previous Distribution Date Required Amount
|
64,494,908.29
|
|||||||||||||||||||
Beginning Period Amount
|
64,494,908.29
|
|||||||||||||||||||
Current Distribution Date Required Amount
|
60,385,988.87
|
|||||||||||||||||||
Current Period Release
|
4,108,919.42
|
|||||||||||||||||||
Ending Period Amount
|
60,385,988.87
|
|||||||||||||||||||
Reserve Account
|
||||||||||||||||||||
Beginning Period Required Amount
|
$ |
3,846,160.57
|
||||||||||||||||||
Beginning Period Amount
|
3,846,160.57
|
|||||||||||||||||||
Net Investment Earnings
|
16,571.02
|
|||||||||||||||||||
Current Period Deposit Amount Due
|
0.00
|
|||||||||||||||||||
Reserve Fund Draw Amount
|
0.00
|
|||||||||||||||||||
Ending Period Required Amount
|
3,846,160.57
|
|||||||||||||||||||
Release to Depositor
|
16,571.02
|
|||||||||||||||||||
Ending Period Amount
|
$ |
3,846,160.57
|
||||||||||||||||||
Overcollateralization
|
||||||||||||||||||||
Beginning Period Overcollateralization Amount
|
$ |
38,461,605.66
|
||||||||||||||||||
Target Overcollateralization Amount
|
$ |
38,461,605.66
|
||||||||||||||||||
Ending Period Over Collateralization Amount
|
$ |
38,461,605.66
|
||||||||||||||||||
Current Period Release
|
$ | 0.00 | ||||||||||||||||||
Receivables Data
|
||||||||||||||||||||
Beginning Period
|
Ending Period
|
|||||||||||||||||||
Number of Receivables
|
36,455
|
35,688
|
||||||||||||||||||
Weighted Average Remaining Term
|
41.08
|
40.26
|
||||||||||||||||||
Weighted Average Annual Percentage Rate
|
4.50
|
% |
4.51
|
% | ||||||||||||||||
Delinquencies as of the end of the Current Period
|
||||||||||||||||||||
Units |
Dollar Amount
|
% of Ending Rec Prin Bal
|
||||||||||||||||||
30-59 Days
|
103 | $ |
4,612,638.15
|
0.46
|
% | |||||||||||||||
60-89 Days
|
47 |
2,278,093.33
|
0.23
|
% | ||||||||||||||||
90-119 Days
|
20 |
978,860.10
|
0.10
|
% | ||||||||||||||||
120+ Days
|
6 |
321,235.46
|
0.03
|
% | ||||||||||||||||
Total 30+ Days Past Due as of the end of the current period
|
176 | $ |
8,190,827.04
|
0.82
|
% | |||||||||||||||
Total 60+ Days Past Due as of the end of the current period | 73 | $ |
3,578,188.89
|
0.36
|
% | |||||||||||||||
Delinquencies as of the end of prior periods
|
||||||||||||||||||||
Total 30+ Days Past Due as of the end of the prior period
|
0.79
|
% | ||||||||||||||||||
Total 30+ Days Past Due as of the end of the 2nd preceding period
|
0.66
|
% | ||||||||||||||||||
Total 30+ Days Past Due as of the end of the 3rd preceding period
|
0.78
|
% | ||||||||||||||||||
Repossessions
|
Units
|
Dollar Amount
|
||||||||||||||||||
Beginning Period Repossessed Receivables Balance
|
18 |
1,070,330.81
|
||||||||||||||||||
Ending Period Repossessed Receivables Balance
|
22 |
1,315,843.62
|
||||||||||||||||||
Principal Balance of 90+ Day Repossessed Vehicles
|
6 |
389,065.62
|
||||||||||||||||||
Write-offs as of the end of the Current Period
|
Units | Dollar Amount | ||||||||||||||||||
Gross Principal Write-offs
|
1 |
7,016.64
|
||||||||||||||||||
Recoveries
|
0 |
0.00
|
||||||||||||||||||
Net Write-Offs
|
|
7,016.64
|
||||||||||||||||||
Cumulative Net Write-offs
|
30 |
|
$ |
490,435.17
|
||||||||||||||||
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
0.05
|
% | ||||||||||||||||||
Charge Off Rate **
|
|
0.03
|
% | |||||||||||||||||
Avg of Net Write-offs ***
|
$ |
16,347.84
|
||||||||||||||||||
Historical Loss Information | ||||||||||||||||||||
Write-offs as of the end of the Prior Period
|
Units | Dollar Amount | ||||||||||||||||||
Gross Principal Write-offs
|
6 |
133,239.54
|
||||||||||||||||||
Recoveries
|
2 |
9,985.31
|
||||||||||||||||||
Net Write-Offs
|
123,254.23
|
|||||||||||||||||||
Cumulative Net Write-offs
|
29 |
|
$ |
483,418.53
|
||||||||||||||||
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
0.05
|
% | ||||||||||||||||||
Charge Off Rate **
|
0.03
|
% | ||||||||||||||||||
Avg of Net Write-offs ***
|
$ |
16,669.60
|
||||||||||||||||||
Write-offs as of the end of the 2nd Preceding Period
|
Units | Dollar Amount | ||||||||||||||||||
Gross Principal Write-offs
|
3 |
51,172.03
|
||||||||||||||||||
Recoveries
|
5 |
988.81
|
||||||||||||||||||
Net Write-Offs
|
50,183.22
|
|||||||||||||||||||
Cumulative Net Write-offs
|
23 |
$ |
360,164.30
|
|||||||||||||||||
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
0.03
|
% | ||||||||||||||||||
Charge Off Rate **
|
0.02
|
% | ||||||||||||||||||
Avg of Net Write-offs ***
|
$ |
15,659.32
|
||||||||||||||||||
Write-offs as of the end of the 3rd Preceding Period
|
Units | Dollar Amount | ||||||||||||||||||
Gross Principal Write-offs
|
6 |
101,368.14
|
||||||||||||||||||
Recoveries
|
1 |
681.72
|
||||||||||||||||||
Net Write-Offs
|
100,686.42
|
|||||||||||||||||||
Cumulative Net Write-offs
|
20 |
$ |
309,981.08
|
|||||||||||||||||
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
0.03
|
% | ||||||||||||||||||
Charge Off Rate **
|
0.02
|
% | ||||||||||||||||||
Avg of Net Write-offs ***
|
$ |
15,499.05
|