0001193125-16-538738.txt : 20160412 0001193125-16-538738.hdr.sgml : 20160412 20160412171632 ACCESSION NUMBER: 0001193125-16-538738 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160406 0001347185 0001002761 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20160412 DATE AS OF CHANGE: 20160412 Auto loans FILER: COMPANY DATA: COMPANY CONFORMED NAME: AmeriCredit Automobile Receivables Trust 2016-2 CENTRAL INDEX KEY: 0001668788 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-206924-02 FILM NUMBER: 161567889 BUSINESS ADDRESS: STREET 1: 2215-B RENAISSANCE DRIVE, SUITE 10 CITY: LAS VEGAS STATE: NV ZIP: 89119 BUSINESS PHONE: 702-932-4914 MAIL ADDRESS: STREET 1: 2215-B RENAISSANCE DRIVE, SUITE 10 CITY: LAS VEGAS STATE: NV ZIP: 89119 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AFS SenSub Corp. CENTRAL INDEX KEY: 0001347185 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 880475154 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-140931 FILM NUMBER: 161567890 BUSINESS ADDRESS: STREET 1: 2215-B RENAISSANCE DRIVE, SUITE 10 CITY: LAS VEGAS STATE: NV ZIP: 89119 BUSINESS PHONE: 702-932-4914 MAIL ADDRESS: STREET 1: 2215-B RENAISSANCE DRIVE, SUITE 10 CITY: LAS VEGAS STATE: NV ZIP: 89119 8-K 1 d172739d8k.htm FORM 8-K Form 8-K

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

April 6, 2016

 

 

AmeriCredit Automobile Receivables Trust 2016-2

(Exact name of registrant as specified in its charter)

AFS SenSub Corp.

(Exact name of depositor as specified in its charter)

AmeriCredit Financial Services, Inc.

(Exact name of sponsor as specified in its charter)

 

 

 

Delaware   333-206924-02   81-6359856
(State or Other Jurisdiction of Incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.)

c/o AmeriCredit Financial Services, Inc.

Attention: Frank E. Brown III, Esq.

801 Cherry Street, Suite 3500

Fort Worth, Texas

   76102
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number including area code - (817) 302-7000

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

Item 8.01. Other Events.

AFS SenSub Corp. (“AFS SenSub”), as depositor, and AmeriCredit Financial Services, Inc. (“AmeriCredit”), as sponsor, will cause a newly formed issuing entity, AmeriCredit Automobile Receivables Trust 2016-2 (the “Issuing Entity”), to issue $214,000,000 Class A-1 0.75000% Asset Backed Notes (the “Class A-1 Notes”), $305,130,000 Class A-2-A 1.42% Asset Backed Notes (the “Class A-2-A Notes”), $150,000,000 Class A-2-B Floating Rate Asset Backed Notes (the “Class A-2-B Notes” and together with the Class A-2-A Notes, the “Class A-2 Notes”), $203,140,000 Class A-3 1.60% Asset Backed Notes (the “Class A-3 Notes”), $94,670,000 Class B 2.21% Asset Backed Notes (the “Class B Notes”), $117,500,000 Class C 2.87% Asset Backed Notes (the “Class C Notes”), $115,560,000 Class D 3.65% Asset Backed Notes (the “Class D Notes” and together with the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class B Notes and the Class C Notes, the “Publicly Offered Notes”), $30,680,000 Class E 0.00% Asset Backed Notes (the “Class E Notes”), and an Asset Backed Certificate (the “Certificate”), on April 14, 2016 (the “Closing Date”). The Publicly Offered Notes will be registered under the Registration Statement filed by the Registrant and AFS SenSub Corp. with the Securities and Exchange Commission under the file number 333-206924.

As of March 7, 2016 (the “Statistical Calculation Date”), the Receivables had the characteristics described in the Prospectus, dated April 5, 2016 (the “Prospectus”), and filed with the Commission pursuant to Rule 424(b)(5) of the Act on April 7, 2016. As of April 6, 2016 (the “Cutoff Date”), the Receivables had the characteristics set forth in Exhibit 99.1.

 

Item 9.01. Financial Statements, Pro Forma Financial Information and Exhibits.

 

(a) Not applicable

 

(b) Not applicable

 

(c) Not applicable

 

(d) Exhibits:

 

99.1    Statistical information for the receivables as of the Cutoff Date.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2016-2
By:   AmeriCredit Financial Services, Inc., as Servicer
By:  

/s/ Frank E. Brown III

Name:   Frank E. Brown III
Title:   Senior Vice President, Corporate Counsel and Secretary

Dated: April 12, 2016

 

3

EXHIBIT INDEX

 

Exhibit No.

   

Description

99.1    Statistical information for the receivables as of the Cutoff Date.

 

4

EX-99.1 2 d172739dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

AmeriCredit Automobile Receivables Trust 2016-2

Final Pool as of the Cutoff Date

4/6/2016

Composition of the Auto Loan Contracts

as of the Cutoff Date

 

     New     Used     Total  

Aggregate Principal Balance (1)

    $ 700,582,277.74      $ 605,180,652.84      $ 1,305,762,930.58   

Number of Automobile Loan Contracts

      29,534        38,066        67,600   

Percent of Aggregate Principal Balance

      53.65 %      46.35 %      100.00 % 

Average Principal Balance

    $ 23,721.21      $ 15,898.19      $ 19,316.02   

Range of Principal Balances

    ($ 250.70 to $84,943.92 )    ($ 254.12 to $84,258.62 )    ($ 250.70 to $84,943.92 ) 

Weighted Average APR (1)

      10.20 %      14.26 %      12.08%   

Range of APRs

      (2.00% to 26.00% )      (2.00% to 28.99% )      (2.00% to 28.99% ) 

Weighted Average Remaining Term

      65        62        63   

Range of Remaining Terms

      (3 to 75 months )      (3 to 75 months )      (3 to 75 months ) 

Weighted Average Original Term

      72        70        71   

Range of Original Terms

      (24 to 75 months )      (24 to 75 months )      (24 to 75 months ) 

 

(1) Aggregate Principal Balance includes some portion of accrued interest. As a result, the Weighted Average APR of the automobile loan contracts may not be equivalent to the automobile loan contracts’ aggregate yield on the Aggregate Principal Balance.

Score Distribution of the Automobile Loan Contracts

as of the Cutoff Date

 

          % of Aggregate         % of Aggregate
     Custom Score (1)    Principal Balance (2)    Credit Bureau Score (3)    Principal Balance (2)
   Less than 215    10.84%      
   215-224    10.91%    Less than 540    23.74%
   225-244    31.79%    540-599    44.83%
   245-259    22.30%    600-659    29.97%
   260 and greater    24.16%    660 and greater    1.47%
  

 

   

 

   

 

   

 

Weighted Average Score

    244       573   

 

(1) Proprietary credit score developed and utilized by the sponsor to support the credit approval and pricing process. The scale of the proprietary score is not comparable to a credit bureau score. A custom score may not be available for a small portion of accounts originated under discontinued origination platforms and those accounts will not be included in the Custom Score table above. Since these accounts are not included in the percentages above, the Aggregate Principal Balance of the accounts based on the custom score may be less than the total pool.
(2) Percentages may not add to 100% because of rounding.
(3) A statistically based score (sometimes referred to as FICO score) generated by credit reporting agencies. The sponsor utilizes TransUnion, Equifax or Experian credit reports depending on the location of the obligor. Credit Bureau Scores are unavailable for some accounts and those accounts are not included in the Credit Bureau Score table above. Since these accounts are not included in the percentages above, the Aggregate Principal Balance of the accounts based on Credit Bureau Score may be less than the total pool.

AmeriCredit Automobile Receivables Trust 2016-2

Final Pool as of the Cutoff Date

4/6/2016

Distribution of the Automobile Loan Contracts by APR

as of the Cutoff Date

 

                         % of Total Number  
     Aggregate Principal      % of Aggregate     Number of Automobile      of Automobile  

Distribution by APR

    Balance (1)      Principal Balance (2)     Loan Contracts      Loan Contracts (2)  

2.000% to 2.999%

      6,472,648.47         0.50 %      224         0.33 % 

3.000% to 3.999%

      23,285,687.67         1.78 %      850         1.26 % 

4.000% to 4.999%

      24,249,125.79         1.86 %      918         1.36 % 

5.000% to 5.999%

      37,173,861.06         2.85 %      1,219         1.80 % 

6.000% to 6.999%

      103,934,973.19         7.96 %      3,809         5.63 % 

7.000% to 7.999%

      102,794,292.80         7.87 %      3,868         5.72 % 

8.000% to 8.999%

      92,825,204.62         7.11 %      3,977         5.88 % 

9.000% to 9.999%

      107,403,844.61         8.23 %      4,968         7.35 % 

10.000% to 10.999%

      97,765,690.46         7.49 %      4,615         6.83 % 

11.000% to 11.999%

      110,699,888.62         8.48 %      5,685         8.41 % 

12.000% to 12.999%

      88,759,604.58         6.80 %      4,780         7.07 % 

13.000% to 13.999%

      82,435,964.51         6.31 %      4,716         6.98 % 

14.000% to 14.999%

      77,606,209.14         5.94 %      4,623         6.84 % 

15.000% to 15.999%

      71,078,077.34         5.44 %      4,305         6.37 % 

16.000% to 16.999%

      70,675,957.55         5.41 %      4,446         6.58 % 

17.000% to 17.999%

      63,310,645.13         4.85 %      4,035         5.97 % 

18.000% to 18.999%

      63,012,563.80         4.83 %      4,180         6.18 % 

19.000% to 19.999%

      27,621,769.27         2.12 %      1,982         2.93 % 

20.000% to 20.999%

      23,346,827.91         1.79 %      1,770         2.62 % 

21.000% to 21.999%

      14,022,527.10         1.07 %      1,163         1.72 % 

22.000% to 22.999%

      7,644,622.58         0.59 %      595         0.88 % 

23.000% to 23.999%

      5,593,592.18         0.43 %      484         0.72 % 

24.000% to 24.999%

      3,076,950.10         0.24 %      287         0.42 % 

25.000% to 25.999%

      744,360.40         0.06 %      75         0.11 % 

26.000% to 26.999%

      185,330.59         0.01 %      21         0.03 % 

27.000% to 27.999%

      23,257.35         0.00 %      2         0.00 % 

28.000% to 28.999%

      19,453.76         0.00 %      3         0.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

TOTAL

    $ 1,305,762,930.58         100.00 %      67,600         100.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

 

(1) Aggregate Principal Balances include some portion of accrued interest. Indicated APRs represent APRs on principal balance net of such accrued interest.
(2) Percentages may not add to 100% because of rounding.

AmeriCredit Automobile Receivables Trust 2016-2

Final Pool as of the Cutoff Date

4/6/2016

Distribution of the Automobile Loan Contracts by Geographic Location

of Obligor as of the Cutoff Date

 

     Aggregate            Number of      % of Total Number  
     Principal      % of Aggregate     Automobile      of Automobile  

Geographic Location

    Balance (1)      Principal Balance (2)     Loan Contracts      Loan Contracts (2)  

Alabama

    $ 23,436,666.19         1.79 %      1,136         1.68 % 

Alaska

      2,212,079.04         0.17 %      108         0.16 % 

Arizona

      24,930,367.35         1.91 %      1,241         1.84 % 

Arkansas

      16,010,777.69         1.23 %      771         1.14 % 

California

      87,821,775.78         6.73 %      4,620         6.83 % 

Colorado

      19,576,493.68         1.50 %      1,008         1.49 % 

Connecticut

      8,436,143.17         0.65 %      515         0.76 % 

Delaware

      4,406,734.94         0.34 %      262         0.39 % 

District of Columbia

      3,286,026.71         0.25 %      158         0.23 % 

Florida

      97,340,893.76         7.45 %      5,524         8.17 % 

Georgia

      56,956,772.11         4.36 %      2,637         3.90 % 

Hawaii

      3,770,847.99         0.29 %      199         0.29 % 

Idaho

      2,210,741.58         0.17 %      112         0.17 % 

Illinois

      47,446,966.58         3.63 %      2,611         3.86 % 

Indiana

      25,094,184.85         1.92 %      1,465         2.17 % 

Iowa

      6,017,917.82         0.46 %      362         0.54 % 

Kansas

      6,182,076.90         0.47 %      323         0.48 % 

Kentucky

      22,221,501.68         1.70 %      1,171         1.73 % 

Louisiana

      43,344,663.14         3.32 %      1,884         2.79 % 

Maine

      4,212,300.68         0.32 %      292         0.43 % 

Maryland

      37,261,935.82         2.85 %      1,901         2.81 % 

Massachusetts

      20,185,541.09         1.55 %      1,186         1.75 % 

Michigan

      23,610,326.79         1.81 %      1,604         2.37 % 

Minnesota

      9,049,427.65         0.69 %      541         0.80 % 

Mississippi

      20,531,320.49         1.57 %      996         1.47 % 

Missouri

      27,378,070.42         2.10 %      1,478         2.19 % 

Montana

      3,451,842.96         0.26 %      162         0.24 % 

Nebraska

      3,902,807.81         0.30 %      223         0.33 % 

Nevada

      9,159,554.56         0.70 %      427         0.63 % 

New Hampshire

      4,288,272.37         0.33 %      243         0.36 % 

New Jersey

      23,912,540.81         1.83 %      1,435         2.12 % 

New Mexico

      19,016,375.28         1.46 %      875         1.29 % 

New York

      38,870,478.12         2.98 %      2,284         3.38 % 

North Carolina

      41,101,478.98         3.15 %      2,041         3.02 % 

North Dakota

      1,508,689.38         0.12 %      81         0.12 % 

Ohio

      45,312,340.50         3.47 %      2,873         4.25 % 

Oklahoma

      25,589,776.91         1.96 %      1,180         1.75 % 

Oregon

      7,143,975.39         0.55 %      388         0.57 % 

Pennsylvania

      52,098,446.45         3.99 %      3,231         4.78 % 

Rhode Island

      1,850,104.86         0.14 %      127         0.19 % 

South Carolina

      23,783,504.42         1.82 %      1,207         1.79 % 

South Dakota

      1,986,173.13         0.15 %      118         0.17 % 

Tennessee

      29,939,935.26         2.29 %      1,476         2.18 % 

Texas

      252,367,314.97         19.33 %      10,984         16.25 % 

Utah

      5,043,475.41         0.39 %      250         0.37 % 

Vermont

      1,597,442.54         0.12 %      89         0.13 % 

Virginia

      25,783,884.13         1.97 %      1,329         1.97 % 

Washington

      13,827,755.71         1.06 %      735         1.09 % 

West Virginia

      14,054,303.16         1.08 %      719         1.06 % 

Wisconsin

      14,405,080.24         1.10 %      884         1.31 % 

Wyoming

      2,663,792.06         0.20 %      121         0.18 % 

Other (3)

      171,031.27         0.01 %      13         0.02 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

TOTAL

    $ 1,305,762,930.58         100.00 %      67,600         100.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

 

(1) Aggregate Principal Balances include some portion of accrued interest.
(2) Percentages may not add to 100% because of rounding.
(3) States and Territories with Aggregate Principal Balances less than $1,000,000 each.

 

AmeriCredit Automobile Receivables Trust 2016-2

Final Pool as of the Cutoff Date

4/6/2016

Distribution of the Automobile Loan Contracts by Wholesale LTV

as of the Cutoff Date

 

          % of Aggregate
     Wholesale LTV (1) Range    Principal Balance (2) (3)
   Less than 100%    27.30%
   100-109    22.85%
   110-119    22.93%
   120-129    17.49%
   130-139    8.15%
   140-149    1.12%
   150 and greater    0.16%
  

 

   

 

Weighted Average Wholesale LTV

    109%   

 

(1) Wholesale LTV is calculated using the total amount financed, which may include taxes, title fees and ancillary products over the wholesale auction value of the financed vehicle at the time the vehicle is financed. The vehicle value at origination is determined by using NADA or “Kelley Blue Book Trade-in” prices for used vehicles or dealer invoice/dealer wholesale price for new vehicles.
(2) Wholesale LTV was not available or could not be calculated on certain accounts and these accounts are not included in the table above. Since these accounts are not included in the Wholesale LTV table, the Aggregate Principal Balance may be less than the total pool.
(3) Percentages may not add up to 100% because of rounding.

AmeriCredit Automobile Receivables Trust 2016-2

Final Pool as of the Cutoff Date

4/6/2016

Distribution of the Automobile Loan Contracts by Original Term

as of the Cutoff Date

 

                         % of Total Number  
Original Term to    Aggregate Principal      % of Aggregate     Number of Automobile      of Automobile  

Scheduled Maturity

    Balance (1)      Principal Balance (2)     Loan Contracts      Loan Contracts (2)  

1 - 24 months

    $ 164,020.60         0.01 %      25         0.04 % 

25 - 36 months

      1,705,162.35         0.13 %      186         0.28 % 

37 - 48 months

      8,137,379.99         0.62 %      705         1.04 % 

49 - 60 months

      78,050,826.35         5.98 %      6,989         10.34 % 

61 - 72 months

      1,181,807,361.73         90.51 %      58,633         86.74 % 

73 - 75 months

      35,898,179.56         2.75 %      1,062         1.57 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

TOTAL

    $ 1,305,762,930.58         100.00 %      67,600         100.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

 

(1) Aggregate Principal Balances include some portion of accrued interest.
(2) Percentages may not add to 100% because of rounding.

AmeriCredit Automobile Receivables Trust 2016-2

Final Pool as of the Cutoff Date

4/6/2016

Distribution of the Automobile Loan Contracts by Vehicle Make

as of the Cutoff Date

 

Vehicle Make

    Aggregate
Principal
Balance (1)		      % of Aggregate
Principal Balance (2)		     Number of
Automobile
Loan Contracts		      % of Total Number
of Automobile
Loan Contracts (2)		  

Buick(3)

    $ 33,080,213.78         2.53 %      1,518         2.25 % 

Cadillac(3)

      37,637,835.34         2.88 %      1,455         2.15 % 

Chevrolet(3)

      566,920,779.30         43.42 %      26,171         38.71 % 

Chrysler

      27,284,320.21         2.09 %      1,794         2.65 % 

Dodge

      76,073,107.62         5.83 %      4,220         6.24 % 

Ford

      86,578,573.66         6.63 %      4,989         7.38 % 

GMC(3)

      87,609,020.58         6.71 %      3,283         4.86 % 

Honda

      27,370,078.41         2.10 %      1,708         2.53 % 

Hyundai

      44,227,791.86         3.39 %      2,905         4.30 % 

Jeep

      36,558,719.28         2.80 %      1,960         2.90 % 

Kia

      55,496,618.80         4.25 %      3,471         5.13 % 

Mitsubishi

      15,856,062.07         1.21 %      998         1.48 % 

Nissan

      78,994,330.12         6.05 %      4,764         7.05 % 

Toyota

      45,052,542.90         3.45 %      2,823         4.18 % 

Other (4)

      87,022,936.65         6.66 %      5,541         8.20 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

Total

    $ 1,305,762,930.58         100.00 %      67,600         100.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

 

 

(1) Aggregate Principal Balances include some portion of accrued interest.
(2) Percentages may not add to 100% because of rounding.
(3) The total Aggregate Principal Balance of all new GM vehicles is $495,501,789.66, or approximately 38% of the total pool. The total Aggregate Principle Balance of all new GM vehicles originated under subvention programs account for approximately 28% of the total pool.
(4) Aggregate Principal Balance of less than 1% of Total Aggregate Principal Balance per vehicle make.

Distribution of the Automobile Loan Contracts by Vehicle Segment

as of the Cutoff Date

 

Vehicle Segment (1)

    Aggregate
Principal
Balance (2)		      % of Aggregate
Principal Balance (3)		     Number of
Automobile
Loan Contracts		      % of Total Number
of Automobile
Loan Contracts (3)		  

Full-Size Car

    $ 3,824,521.16         0.29 %      197         0.29 % 

Full-Size Van/Truck

      249,569,743.04         19.11 %      9,006         13.32 % 

Full-Size SUV

      82,942,964.22         6.35 %      3,024         4.47 % 

Mid-Size Car

      332,296,150.69         25.45 %      19,103         28.26 % 

Mid-Size SUV

      290,090,269.69         22.22 %      15,291         22.62 % 

Economy/Compact Car

      221,353,683.30         16.95 %      14,359         21.24 % 

Compact Van/Truck

      38,818,106.49         2.97 %      2,309         3.42 % 

Sports Car

      86,697,792.62         6.64 %      4,306         6.37 % 

Segment Unavailable(4)

      169,699.37         0.01 %      5         0.01 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

Total

    $ 1,305,762,930.58         100.00 %      67,600         100.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

 

(1) Categories reflect consolidated categories based on J.D. Power defined segments.
(2) Aggregate Principal Balances include some portion of accrued interest.
(3) Percentages may not add up to 100% because of rounding.
(4) Vehicle segmentation was not available for certain accounts at the time the pool was selected.

AmeriCredit Automobile Receivables Trust 2016-2

Final Pool as of the Cutoff Date

4/6/2016

Historical Delinquency Experience of the Automobile Loan Contracts

as of the Cutoff Date

 

Number of Times

Ever 31 to 60 Days

Delinquent

    Aggregate Principal
Balance (1)		          % of Aggregate
Principal Balance (2)		     Number of
Automobile
Loan Contracts		          % of Total Number of
Automobile Loan
Contracts (2)		  

0

    $ 1,111,464,994.24         85.12 %      51,491         76.17 % 

1

      41,937,227.36         3.21 %      2,519         3.73 % 

2+

      152,360,708.98         11.67 %      13,590         20.10 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

Total

    $ 1,305,762,930.58         100.00 %      67,600         100.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

 

(1) Aggregate Principal Balances include some portion of accrued interest.
(2) Percentages may not add to 100% because of rounding.

 

Number of Times

Ever 61 to 90 Days

Delinquent

    Aggregate Principal
Balance (1)		          % of Aggregate
Principal Balance (2)		     Number of
Automobile
Loan Contracts		          % of Total Number of
Automobile Loan
Contracts (2)		  

0

    $ 1,216,065,373.12         93.13 %      59,760         88.40 % 

1

      31,498,129.25         2.41 %      2,455         3.63 % 

2+

      58,199,428.21         4.46 %      5,385         7.97 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

Total

    $ 1,305,762,930.58         100.00 %      67,600         100.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

 

(1) Aggregate Principal Balances include some portion of accrued interest.
(2) Percentages may not add to 100% because of rounding.

 

Number of Times

Ever Greater Than

90 Days Delinquent

    Aggregate Principal
Balance (1)		          % of Aggregate
Principal Balance (2)		     Number of
Automobile
Loan Contracts		          % of Total Number of
Automobile Loan
Contracts (2)		  

0

    $ 1,290,708,928.03         98.85 %      66,182         97.90 % 

1

      10,668,429.13         0.82 %      1,012         1.50 % 

2+

      4,385,573.42         0.34 %      406         0.60 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

Total

    $ 1,305,762,930.58         100.00 %      67,600         100.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

 

(1) Aggregate Principal Balances include some portion of accrued interest.
(2) Percentages may not add to 100% because of rounding.