| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | Fitch |
|---|---|---|---|---|---|---|---|---|
| Class A-1 | 266.0 | 23.7% | 75.8% | +15 bps | 0.24 | 2025-03-17 | A-1+ | F1+ |
| Class A-2 | 340.0 | 30.3% | 45.5% | +42 bps | 0.94 | 2027-01-15 | AAA | AAA |
| Class A-3 | 390.0 | 34.8% | 10.8% | +66 bps | 2.27 | 2028-12-15 | AAA | AAA |
| Class A-4 | 63.2 | 5.6% | 5.2% | +72 bps | 3.48 | 2029-10-15 | AAA | AAA |
| Class B | 23.6 | 2.1% | 3.1% | +95 bps | 3.51 | 2029-10-15 | AA+ | AA+ |
| Class C | 19.6 | 1.8% | 1.3% | +120 bps | 3.51 | 2029-11-15 | AA | A+ |
| Class D | 14.6 | 1.3% | 0.0% | +160 bps | 3.51 | 2032-02-17 | A+ | BBB+ |
| Sponsor | Ally Bank |
|---|---|
| Servicer | Ally Bank |
| Depositor / Transferor | CEO Certification |
| Indenture Trustee | U.S. Bank Trust Company, National Association |
| Owner Trustee | BNY Mellon Trust of Delaware |
| Asset Rep. Reviewer | — |
| Underwriters | Barclays Capital, Deutsche Bank Securities, Citigroup Global Markets |
| AART 2024-1 | AART 2023-1 | AART 2022-3 | AART 2022-2 | AART 2022-1 | |
|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||
| Closing date | 2024-03-13 | 2023-07-19 | 2022-12-14 | 2022-10-12 | 2022-05-18 |
| Pool balance | $1,122.0MM | $1,122.0MM | $1,029.0MM | $1,116.6MM | $1,084.6MM |
| WA Credit Score | 734+5 | 730 | 729 | 729 | 724 |
| WA APR | 6.93%+1.67pp | 5.88% | 5.26% | 5.26% | 5.26% |
| WA original term mo | 71.0+1.3 | 69.4 mo | 70.1 mo | 69.4 mo | 69.9 mo |
| % new vehicles | 40.0% | 41.6% | 40.0% | 50.0% | 50.2% |
| Reserve % | — | — | — | — | — |
| Geo top-3 | TX 13.1% FL 9.1% CA 6.9% | TX 13.4% FL 9.5% CA 6.2% | TX 11.8% CA 9.2% FL 9.0% | TX 12.2% CA 9.5% FL 9.4% | TX 12.6% CA 9.5% FL 9.4% |
| Structure (at issuance) | |||||
| AAA spread | +42 bps−24bps | — | +62 bps | +70 bps | — |
| AAA % of pool | 70.7%+0.6pp | 72.5% | 69.7% | 69.7% | 70.4% |
| Subordination below AAA | 5.2%+0.1pp | 5.1% | 4.9% | 0.0% | 5.2% |
| OC (initial) | 0.45% | 1.61% | 4.37% | 9.38% | 0.45% |
| OC target | 1.30% | 1.30% | 1.30% | 1.30% | 1.30% |
| OC floor | 1.30% | 1.30% | 1.30% | 1.30% | 1.30% |
| YSOC | n.a. | n.a. | n.a. | n.a. | n.a. |
| Tranches | 7 | 7 | 7 | 4 | 7 |
OC shown net of any yield-supplement overcollateralization (YSOC); YSOC is a yield mechanism for subvented low-APR pools and is reported separately. OC target is a % of the pool balance — current (amortizing) for greater-of/sum-of structures, original (cut-off) for flat structures; OC floor is a % of the original pool balance.
| AART 2024-1 | HAROT 2024-1 | WOART 2024-A | TAOT 2024-A | MBART 2024-1 | FCAOT 2023-C | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2024-03-13 | 2024-02-21 | 2024-02-14 | 2024-01-30 | 2024-01-24 | 2023-11-21 |
| Pool balance | $1,122.0MM | $2,159.2MM | $1,343.7MM | $1,908.5MM | — | $1,443.4MM |
| WA Credit Score | 734−23 | 768 | 757 | 767 | 754 | 753 |
| WA APR | 6.93%+1.56pp | 4.59% | 6.54% | 5.37% | 7.74% | 4.92% |
| WA original term mo | 71.0+5.0 | 62.2 mo | 67.6 mo | 66.0 mo | 69.6 mo | 63.6 mo |
| % new vehicles | 40.0% | 86.1% | 95.6% | 84.2% | 40.3% | 91.2% |
| Reserve % | — | 0.25% | 0.23% | 0.25% | — | 0.23% |
| Geo top-3 | TX 13.1% FL 9.1% CA 6.9% | NJ 4.9% MA 4.9% CA 4.8% | FL 47.9% GA 18.3% NC 15.8% | CA 23.9% TX 15.3% IL 4.6% | CA 21.6% FL 15.3% TX 14.3% | TX 16.0% CA 9.6% FL 8.4% |
| Structure (at issuance) | ||||||
| AAA spread | +42 bps−4bps | — | +34 bps | +37 bps | +66 bps | +55 bps |
| AAA % of pool | 70.7%−0.5pp | 73.6% | 71.2% | 71.3% | 42.3% | 68.2% |
| Subordination below AAA | 5.2%+3.4pp | 0.0% | 4.1% | 1.8% | 0.0% | 4.6% |
| OC (initial) | 0.45% | 2.50% | — | 0.85% | 2.50% | 2.00% |
| OC target | 1.30% | — | 1.15% | 0.85% | 2.50% | 2.00% |
| OC floor | 1.30% | — | 0.50% | 0.85% | 2.50% | 2.00% |
| YSOC | n.a. | — | 6.75% | 6.40% | — | 7.07% |
| Tranches | 7 | 4 | 7 | 6 | 5 | 7 |
OC shown net of any yield-supplement overcollateralization (YSOC); YSOC is a yield mechanism for subvented low-APR pools and is reported separately. OC target is a % of the pool balance — current (amortizing) for greater-of/sum-of structures, original (cut-off) for flat structures; OC floor is a % of the original pool balance.
Anchor expectations in empirical base rates from the sponsor's prior series and FICO-tier peer set.
Left: per-series cumulative NET loss at matched seasoning 10-D (10-D servicer distribution reports). IQR band uses a fixed cohort of all peer series with ≥18 months of data (210 series across 22 issuers). Right: portfolio-level 60+ DQ rate aggregated across all active deals per issuer (calendar time, last 3 years), from ABS-EE loan-level data ABS-EE.
Ally Bank — ticker AART.
Peer tier: prime.
Open in Explorer ↗ for
FICO sub-band and new/used stratification.