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)
August 3, 2016
AmeriCredit Automobile Receivables Trust 2016-3
(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 | 333-206924-03 | 88-0475154 | ||
(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) |
Registrants 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 2016-3 (the Issuing Entity), to issue $221,000,000 Class A-1 0.75000% Asset Backed Notes (the Class A-1 Notes), $325,000,000 Class A-2-A 1.37% Asset Backed Notes (the Class A-2-A Notes), $75,000,000 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), $323,940,000 Class A-3 1.46% Asset Backed Notes (the Class A-3 Notes), $102,550,000 Class B 1.80% Asset Backed Notes (the Class B Notes), $127,320,000 Class C 2.24% Asset Backed Notes (the Class C Notes), $125,190,000 Class D 2.71% 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), $33,240,000 Class E 0.00% Asset Backed Notes (the Class E Notes), and an Asset Backed Certificate (the Certificate), on August 11, 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 July 5, 2016 (the Statistical Calculation Date), the Receivables had the characteristics described in the Prospectus, dated August 2, 2016 (the Prospectus), and filed with the Commission pursuant to Rule 424(b)(5) of the Act on August 4, 2016. As of August 3, 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 2016-3 | ||
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: August 9, 2016
3
EXHIBIT INDEX
Exhibit |
Description | |
99.1 | Statistical information for the receivables as of the Cutoff Date. |
4
Exhibit 99.1
AmeriCredit Automobile Receivables Trust 2016-3
Final Pool as of the Cutoff Date
8/3/2016
Composition of the Auto Loan Contracts
as of the Cutoff Date
New | Used | Total | ||||||||||
Aggregate Principal Balance (1) |
$ | 803,408,776.80 | $ | 611,173,206.34 | $ | 1,414,581,983.14 | ||||||
Number of Automobile Loan Contracts |
30,524 | 34,174 | 64,698 | |||||||||
Percent of Aggregate Principal Balance |
56.79 | % | 43.21 | % | 100.00 | % | ||||||
Average Principal Balance |
$ | 26,320.56 | $ | 17,884.16 | $ | 21,864.39 | ||||||
Range of Principal Balances |
($ | 272.99 to $84,904.05 | ) | ($ | 258.89 to $83,074.51 | ) | ($ | 258.89 to $84,904.05 | ) | |||
Weighted Average APR (1) |
10.09 | % | 14.04 | % | 11.80 | % | ||||||
Range of APRs |
(2.50% to 26.00% | ) | (2.60% to 28.99% | ) | (2.50% to 28.99% | ) | ||||||
Weighted Average Remaining Term |
67 | 65 | 66 | |||||||||
Range of Remaining Terms |
(3 to 75 months | ) | (3 to 74 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
Custom Score (1) | % of Aggregate Principal Balance (2) |
Credit Bureau Score (3) | % of Aggregate Principal Balance (2) |
|||||||||||||
Less than 215 | 11.06 | % | ||||||||||||||
215-224 | 10.81 | % | Less than 540 | 22.27 | % | |||||||||||
225-244 | 31.14 | % | 540-599 | 44.68 | % | |||||||||||
245-259 | 21.81 | % | 600-659 | 30.32 | % | |||||||||||
260 and greater | 25.18 | % | 660 and greater | 2.73 | % | |||||||||||
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Weighted Average Score |
245 | 577 |
(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 2016-3
Final Pool as of the Cutoff Date
8/3/2016
Distribution of the Automobile Loan Contracts by APR
as of the Cutoff Date
Distribution by APR |
Aggregate Principal Balance (1) |
% of Aggregate Principal Balance (2) |
Number of Automobile Loan Contracts |
% of Total Number of Automobile Loan Contracts (2) |
||||||||||||
2.000% to 2.999% |
2,832,665.60 | 0.20 | % | 107 | 0.17 | % | ||||||||||
3.000% to 3.999% |
14,951,973.42 | 1.06 | % | 575 | 0.89 | % | ||||||||||
4.000% to 4.999% |
23,233,761.41 | 1.64 | % | 842 | 1.30 | % | ||||||||||
5.000% to 5.999% |
51,371,348.02 | 3.63 | % | 1,745 | 2.70 | % | ||||||||||
6.000% to 6.999% |
121,384,882.24 | 8.58 | % | 4,106 | 6.35 | % | ||||||||||
7.000% to 7.999% |
143,514,174.57 | 10.15 | % | 4,982 | 7.70 | % | ||||||||||
8.000% to 8.999% |
108,482,114.91 | 7.67 | % | 4,157 | 6.43 | % | ||||||||||
9.000% to 9.999% |
122,598,320.86 | 8.67 | % | 5,138 | 7.94 | % | ||||||||||
10.000% to 10.999% |
107,646,897.08 | 7.61 | % | 4,578 | 7.08 | % | ||||||||||
11.000% to 11.999% |
106,135,163.69 | 7.50 | % | 5,063 | 7.83 | % | ||||||||||
12.000% to 12.999% |
101,641,891.16 | 7.19 | % | 4,814 | 7.44 | % | ||||||||||
13.000% to 13.999% |
84,628,146.53 | 5.98 | % | 4,225 | 6.53 | % | ||||||||||
14.000% to 14.999% |
91,069,683.95 | 6.44 | % | 4,643 | 7.18 | % | ||||||||||
15.000% to 15.999% |
71,971,433.64 | 5.09 | % | 3,888 | 6.01 | % | ||||||||||
16.000% to 16.999% |
66,897,356.80 | 4.73 | % | 3,746 | 5.79 | % | ||||||||||
17.000% to 17.999% |
60,820,880.51 | 4.30 | % | 3,454 | 5.34 | % | ||||||||||
18.000% to 18.999% |
57,408,287.87 | 4.06 | % | 3,401 | 5.26 | % | ||||||||||
19.000% to 19.999% |
28,367,054.63 | 2.01 | % | 1,792 | 2.77 | % | ||||||||||
20.000% to 20.999% |
21,871,383.14 | 1.55 | % | 1,451 | 2.24 | % | ||||||||||
21.000% to 21.999% |
12,609,313.10 | 0.89 | % | 893 | 1.38 | % | ||||||||||
22.000% to 22.999% |
6,310,842.40 | 0.45 | % | 442 | 0.68 | % | ||||||||||
23.000% to 23.999% |
5,325,111.68 | 0.38 | % | 377 | 0.58 | % | ||||||||||
24.000% to 24.999% |
2,652,487.09 | 0.19 | % | 206 | 0.32 | % | ||||||||||
25.000% to 25.999% |
468,119.91 | 0.03 | % | 39 | 0.06 | % | ||||||||||
26.000% to 26.999% |
307,836.01 | 0.02 | % | 27 | 0.04 | % | ||||||||||
27.000% to 27.999% |
23,473.98 | 0.00 | % | 2 | 0.00 | % | ||||||||||
28.000% to 28.999% |
57,378.94 | 0.00 | % | 5 | 0.01 | % | ||||||||||
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TOTAL |
$ | 1,414,581,983.14 | 100.00 | % | 64,698 | 100.00 | % | |||||||||
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(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 2016-3
Final Pool as of the Cutoff Date
8/3/2016
Distribution of the Automobile Loan Contracts by Geographic Location
of Obligor as of the Cutoff Date
Geographic Location |
Aggregate Principal Balance (1) |
% of Aggregate Principal Balance (2) |
Number of Automobile Loan Contracts |
% of Total Number of Automobile Loan Contracts (2) |
||||||||||||
Alabama |
$ | 26,317,088.04 | 1.86 | % | 1,160 | 1.79 | % | |||||||||
Alaska |
2,325,520.11 | 0.16 | % | 106 | 0.16 | % | ||||||||||
Arizona |
30,810,604.11 | 2.18 | % | 1,333 | 2.06 | % | ||||||||||
Arkansas |
19,389,872.15 | 1.37 | % | 833 | 1.29 | % | ||||||||||
California |
98,837,300.47 | 6.99 | % | 4,585 | 7.09 | % | ||||||||||
Colorado |
20,198,483.44 | 1.43 | % | 935 | 1.45 | % | ||||||||||
Connecticut |
8,995,404.58 | 0.64 | % | 481 | 0.74 | % | ||||||||||
Delaware |
4,914,485.24 | 0.35 | % | 244 | 0.38 | % | ||||||||||
District of Columbia |
3,565,324.38 | 0.25 | % | 162 | 0.25 | % | ||||||||||
Florida |
102,881,127.44 | 7.27 | % | 4,924 | 7.61 | % | ||||||||||
Georgia |
65,469,274.07 | 4.63 | % | 2,757 | 4.26 | % | ||||||||||
Hawaii |
3,982,014.60 | 0.28 | % | 188 | 0.29 | % | ||||||||||
Idaho |
2,003,632.81 | 0.14 | % | 95 | 0.15 | % | ||||||||||
Illinois |
52,307,466.08 | 3.70 | % | 2,502 | 3.87 | % | ||||||||||
Indiana |
27,303,343.06 | 1.93 | % | 1,412 | 2.18 | % | ||||||||||
Iowa |
6,308,830.55 | 0.45 | % | 328 | 0.51 | % | ||||||||||
Kansas |
7,162,034.88 | 0.51 | % | 327 | 0.51 | % | ||||||||||
Kentucky |
23,129,440.17 | 1.64 | % | 1,134 | 1.75 | % | ||||||||||
Louisiana |
44,347,081.82 | 3.13 | % | 1,794 | 2.77 | % | ||||||||||
Maine |
4,412,260.63 | 0.31 | % | 244 | 0.38 | % | ||||||||||
Maryland |
37,862,369.92 | 2.68 | % | 1,707 | 2.64 | % | ||||||||||
Massachusetts |
18,908,679.64 | 1.34 | % | 1,016 | 1.57 | % | ||||||||||
Michigan |
22,926,792.22 | 1.62 | % | 1,290 | 1.99 | % | ||||||||||
Minnesota |
9,945,571.87 | 0.70 | % | 519 | 0.80 | % | ||||||||||
Mississippi |
23,180,234.13 | 1.64 | % | 980 | 1.51 | % | ||||||||||
Missouri |
28,057,254.37 | 1.98 | % | 1,340 | 2.07 | % | ||||||||||
Montana |
3,664,326.79 | 0.26 | % | 156 | 0.24 | % | ||||||||||
Nebraska |
4,584,669.19 | 0.32 | % | 231 | 0.36 | % | ||||||||||
Nevada |
11,538,470.10 | 0.82 | % | 476 | 0.74 | % | ||||||||||
New Hampshire |
4,466,096.33 | 0.32 | % | 238 | 0.37 | % | ||||||||||
New Jersey |
23,871,982.44 | 1.69 | % | 1,242 | 1.92 | % | ||||||||||
New Mexico |
21,240,081.35 | 1.50 | % | 893 | 1.38 | % | ||||||||||
New York |
44,646,888.06 | 3.16 | % | 2,216 | 3.43 | % | ||||||||||
North Carolina |
42,156,864.43 | 2.98 | % | 1,904 | 2.94 | % | ||||||||||
North Dakota |
1,482,548.57 | 0.10 | % | 65 | 0.10 | % | ||||||||||
Ohio |
46,921,312.51 | 3.32 | % | 2,576 | 3.98 | % | ||||||||||
Oklahoma |
28,618,081.80 | 2.02 | % | 1,217 | 1.88 | % | ||||||||||
Oregon |
6,774,842.91 | 0.48 | % | 361 | 0.56 | % | ||||||||||
Pennsylvania |
53,094,415.98 | 3.75 | % | 2,839 | 4.39 | % | ||||||||||
Rhode Island |
2,318,665.40 | 0.16 | % | 128 | 0.20 | % | ||||||||||
South Carolina |
24,328,413.56 | 1.72 | % | 1,097 | 1.70 | % | ||||||||||
South Dakota |
1,424,842.36 | 0.10 | % | 78 | 0.12 | % | ||||||||||
Tennessee |
35,126,828.35 | 2.48 | % | 1,600 | 2.47 | % | ||||||||||
Texas |
279,018,153.94 | 19.72 | % | 11,041 | 17.07 | % | ||||||||||
Utah |
5,347,613.61 | 0.38 | % | 231 | 0.36 | % | ||||||||||
Vermont |
2,436,467.33 | 0.17 | % | 117 | 0.18 | % | ||||||||||
Virginia |
26,924,254.10 | 1.90 | % | 1,245 | 1.92 | % | ||||||||||
Washington |
14,588,696.49 | 1.03 | % | 703 | 1.09 | % | ||||||||||
West Virginia |
16,337,485.36 | 1.15 | % | 726 | 1.12 | % | ||||||||||
Wisconsin |
14,742,683.92 | 1.04 | % | 783 | 1.21 | % | ||||||||||
Wyoming |
2,501,218.38 | 0.18 | % | 97 | 0.15 | % | ||||||||||
Other (3) |
884,589.10 | 0.06 | % | 42 | 0.06 | % | ||||||||||
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TOTAL |
$ | 1,414,581,983.14 | 100.00 | % | 64,698 | 100.00 | % | |||||||||
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(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 2016-3
Final Pool as of the Cutoff Date
8/3/2016
Distribution of the Automobile Loan Contracts by Wholesale LTV
as of the Cutoff Date
Wholesale LTV (1) Range | % of Aggregate Principal Balance (2)(3) |
|||||||
Less than 100 | % | 29.66 | % | |||||
100-109 | 22.71 | % | ||||||
110-119 | 22.18 | % | ||||||
120-129 | 17.00 | % | ||||||
130-139 | 7.33 | % | ||||||
140-149 | 1.01 | % | ||||||
150 and greater | 0.10 | % | ||||||
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Weighted Average Wholesale LTV |
108 | % |
(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 2016-3
Final Pool as of the Cutoff Date
8/3/2016
Distribution of the Automobile Loan Contracts by Original Term
as of the Cutoff Date
Original Term to Scheduled Maturity |
Aggregate Principal Balance (1) |
% of Aggregate Principal Balance (2) |
Number of Automobile Loan Contracts |
% of Total Number of Automobile Loan Contracts (2) |
||||||||||||
1 - 24 months |
$ | 138,028.11 | 0.01 | % | 15 | 0.02 | % | |||||||||
25 - 36 months |
1,749,104.87 | 0.12 | % | 185 | 0.29 | % | ||||||||||
37 - 48 months |
8,327,667.97 | 0.59 | % | 691 | 1.07 | % | ||||||||||
49 - 60 months |
82,186,722.79 | 5.81 | % | 5,662 | 8.75 | % | ||||||||||
61 - 72 months |
1,276,793,796.85 | 90.26 | % | 56,720 | 87.67 | % | ||||||||||
73 - 75 months |
45,386,662.55 | 3.21 | % | 1,425 | 2.20 | % | ||||||||||
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TOTAL |
$ | 1,414,581,983.14 | 100.00 | % | 64,698 | 100.00 | % | |||||||||
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(1) | Aggregate Principal Balances include some portion of accrued interest. |
(2) | Percentages may not add to 100% because of rounding. |
AmeriCredit Automobile Receivables Trust 2016-3
Final Pool as of the Cutoff Date
8/3/2016
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) |
$ | 44,531,149.14 | 3.15 | % | 1,919 | 2.97 | % | |||||||||
Cadillac (3) |
40,812,875.86 | 2.89 | % | 1,371 | 2.12 | % | ||||||||||
Chevrolet (3) |
625,074,166.08 | 44.19 | % | 25,716 | 39.75 | % | ||||||||||
Chrysler |
29,271,419.75 | 2.07 | % | 1,646 | 2.54 | % | ||||||||||
Dodge |
79,862,561.43 | 5.65 | % | 3,899 | 6.03 | % | ||||||||||
Ford |
92,788,214.85 | 6.56 | % | 4,717 | 7.29 | % | ||||||||||
GMC (3) |
101,855,032.35 | 7.20 | % | 3,278 | 5.07 | % | ||||||||||
Honda |
27,063,711.45 | 1.91 | % | 1,524 | 2.36 | % | ||||||||||
Hyundai |
45,522,264.67 | 3.22 | % | 2,763 | 4.27 | % | ||||||||||
Jeep |
43,798,588.99 | 3.10 | % | 2,051 | 3.17 | % | ||||||||||
Kia |
57,338,955.55 | 4.05 | % | 3,260 | 5.04 | % | ||||||||||
Nissan |
79,087,929.99 | 5.59 | % | 4,472 | 6.91 | % | ||||||||||
Toyota |
47,241,771.70 | 3.34 | % | 2,610 | 4.03 | % | ||||||||||
Other (4) |
100,333,341.33 | 7.09 | % | 5,472 | 8.46 | % | ||||||||||
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Total |
$ | 1,414,581,983.14 | 100.00 | % | 64,698 | 100.00 | % | |||||||||
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(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 $594,045,891.88, or approximately 42% of the total pool. The total Aggregate Principal Balance of all new GM vehicles originated under subvention programs accounts for approximately 30% 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 |
$ | 4,750,481.76 | 0.34 | % | 195 | 0.30 | % | |||||||||
Full-Size Van/Truck |
276,110,357.50 | 19.52 | % | 8,744 | 13.52 | % | ||||||||||
Full-Size SUV |
94,287,270.69 | 6.67 | % | 2,778 | 4.29 | % | ||||||||||
Mid-Size Car |
335,823,221.88 | 23.74 | % | 17,142 | 26.50 | % | ||||||||||
Mid-Size SUV |
305,816,305.49 | 21.62 | % | 14,351 | 22.18 | % | ||||||||||
Economy/Compact Car |
250,937,786.94 | 17.74 | % | 14,940 | 23.09 | % | ||||||||||
Compact Van/Truck |
45,152,436.58 | 3.19 | % | 2,185 | 3.38 | % | ||||||||||
Sports Car |
99,030,035.00 | 7.00 | % | 4,246 | 6.56 | % | ||||||||||
Segment Unavailable (4) |
2,674,087.30 | 0.19 | % | 117 | 0.18 | % | ||||||||||
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Total |
$ | 1,414,581,983.14 | 100.00 | % | 64,698 | 100.00 | % | |||||||||
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(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 2016-3
Final Pool as of the Cutoff Date
8/3/2016
Historical Delinquency Experience of the Automobile Loan Contracts
as of the Cutoff Date
Number of Times |
Aggregate Principal Balance (1) |
% of Aggregate Principal Balance (2) |
Number of Automobile Loan Contracts |
% of Total Number of Automobile Loan Contracts (2) |
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0 |
$ | 1,285,625,550.93 | 90.88 | % | 55,836 | 86.30 | % | |||||||||
1 |
56,528,735.25 | 4.00 | % | 2,675 | 4.13 | % | ||||||||||
2+ |
72,427,696.96 | 5.12 | % | 6,187 | 9.56 | % | ||||||||||
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|
|
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Total |
$ | 1,414,581,983.14 | 100.00 | % | 64,698 | 100.00 | % | |||||||||
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|
|
|
|
|
(1) | Aggregate Principal Balances include some portion of accrued interest. |
(2) | Percentages may not add to 100% because of rounding. |
Number of Times |
Aggregate Principal Balance (1) |
% of Aggregate Principal Balance (2) |
Number of Automobile Loan Contracts |
% of Total Number of Automobile Loan Contracts (2) |
||||||||||||
0 |
$ | 1,372,374,700.00 | 97.02 | % | 61,060 | 94.38 | % | |||||||||
1 |
14,479,428.62 | 1.02 | % | 1,075 | 1.66 | % | ||||||||||
2+ |
27,727,854.52 | 1.96 | % | 2,563 | 3.96 | % | ||||||||||
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|
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Total |
$ | 1,414,581,983.14 | 100.00 | % | 64,698 | 100.00 | % | |||||||||
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|
|
|
|
|
|
|
(1) | Aggregate Principal Balances include some portion of accrued interest. |
(2) | Percentages may not add to 100% because of rounding. |
Number of Times |
Aggregate Principal Balance (1) |
% of Aggregate Principal Balance (2) |
Number of Automobile Loan Contracts |
% of Total Number of Automobile Loan Contracts (2) |
||||||||||||
0 |
$ | 1,407,639,803.53 | 99.51 | % | 64,012 | 98.94 | % | |||||||||
1 |
4,214,420.67 | 0.30 | % | 433 | 0.67 | % | ||||||||||
2+ |
2,727,758.94 | 0.19 | % | 253 | 0.39 | % | ||||||||||
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Total |
$ | 1,414,581,983.14 | 100.00 | % | 64,698 | 100.00 | % | |||||||||
|
|
|
|
|
|
|
|
(1) | Aggregate Principal Balances include some portion of accrued interest. |
(2) | Percentages may not add to 100% because of rounding. |