Presale Report  ·  Data as of 2026-03-10

Ally Auto Receivables Trust 2026-1 Auto Loan prime FINAL · CLOSED 2026-03-10

Notes
$1,116.9MM
Pool
$1,121.9MM
Reserve
1.00%
AAA Sub
5.2%
Sponsor: Ally Bank  ·  Servicer: Ally Bank  ·  Trustee: U.S. Bank Trust Company, National Association

Capital Structure

ClassSize ($MM)% of PoolSub %CPN / SpreadWALLegal FinalS&PFitch
Class A-1260.923.3%76.3%
Class A-2328.829.3%47.0%+39 bps0.912028-11-28AAAAAA
Class A-3378.833.8%13.2%+46 bps2.142030-10-30AAAAAA
Class A-490.68.1%5.2%+53 bps3.412031-06-30AAAAAA
Class B23.62.1%3.1%
Class C19.61.7%1.3%
Class D14.61.3%0.0%

Transaction Parties

SponsorAlly Bank
ServicerAlly Bank
Depositor / TransferorCEO Certification
Indenture TrusteeU.S. Bank Trust Company, National Association
Owner TrusteeBNY Mellon Trust of Delaware
Asset Rep. ReviewerClayton Fixed Income Services LLC
UnderwritersBofA Securities, Barclays Capital, Morgan Stanley, Lloyds Securities

Issuer Track Record

AART 2026-1AART 2025-1AART 2024-2AART 2024-1AART 2023-1AART 2022-3
Collateral (pool at cut-off)
Closing date2026-03-102025-10-162024-09-272024-03-132023-07-192022-12-14
Pool balance$1,121.9MM$1,122.0MM$1,120.0MM$1,122.0MM$1,122.0MM$1,029.0MM
WA Credit Score7340734734734730729
WA APR6.93%0.00pp6.93%6.93%6.93%5.88%5.26%
WA original term mo70.4−0.270.6 mo71.0 mo71.0 mo69.4 mo70.1 mo
% new vehicles40.0%40.0%40.3%40.0%41.6%40.0%
Reserve %1.00%1.00%
Geo top-3TX 13.4%
FL 8.6%
CA 7.1%
TX 12.8%
FL 8.8%
CA 7.4%
TX 12.3%
FL 9.7%
CA 7.3%
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%
Structure (at issuance)
AAA spread+39 bps−13bps+42 bps+62 bps
AAA % of pool71.1%−0.0pp71.1%73.1%70.7%72.5%69.7%
Subordination below AAA5.2%+0.1pp5.1%0.0%5.2%5.1%4.9%
OC (initial)0.45%0.45%6.03%0.45%1.61%4.37%
OC target1.30%1.30%1.30%1.30%1.30%1.30%
OC floor1.30%1.30%1.30%1.30%1.30%1.30%
YSOCn.a.n.a.n.a.n.a.n.a.n.a.
Tranches774777

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.

Peer Set

AART 2026-1WOART 2026-AHART 2026-AHAROT 2026-1CAOT 2026-1TAOT 2026-A
Collateral (pool at cut-off)
Closing date2026-03-102026-02-182026-02-182026-02-182026-01-282026-01-21
Pool balance$1,121.9MM$1,312.6MM$2,392.4MM$2,483.1MM$1,306.5MM$1,995.4MM
WA Credit Score734−36758775770760771
WA APR6.93%+1.25pp5.87%5.38%5.00%8.73%5.68%
WA original term mo70.4+3.368.4 mo67.2 mo61.6 mo67.1 mo65.9 mo
% new vehicles40.0%98.0%97.5%86.5%0.0%88.0%
Reserve %1.00%0.24%0.25%0.25%0.50%0.25%
Geo top-3TX 13.4%
FL 8.6%
CA 7.1%
FL 44.5%
GA 18.6%
NC 16.2%
TX 13.2%
FL 10.1%
CA 9.1%
CA 16.0%
TX 9.5%
NY 6.7%
CA 17.6%
TX 10.1%
FL 6.8%
CA 23.8%
TX 16.7%
IL 3.8%
Structure (at issuance)
AAA spread+39 bps+5bps+31 bps+34 bps+34 bps+37 bps+33 bps
AAA % of pool71.1%+0.3pp69.7%69.0%73.1%70.9%73.6%
Subordination below AAA5.2%+0.9pp4.2%4.5%0.0%4.4%2.4%
OC (initial)0.45%3.00%0.50%0.85%
OC target1.30%0.90%3.00%0.50%0.85%
OC floor1.30%0.50%3.00%0.50%0.85%
YSOCn.a.5.47%5.70%4.09%n.a.4.78%
Tranches777586

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.

Historical Performance Context

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 (277 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.

CNL by seasoning — AART vs. prime peers0.3%0.7%1.0%1.3%M0M12M24M36M48Seasoning (months from cut-off)CNLAART 2025-1AART 2024-2AART 2024-1AART 2023-1prime peers medianPeer IQR (fixed cohort, n=182)
Portfolio 60+ DQ — AART vs. peers (calendar time)0.53%1.07%1.60%2.14%2023-032023-112024-082025-052026-02Calendar date60+ DQ rateAARTBMWOTCAOTCOPAR

Ally Bank — ticker AART. Peer tier: prime.
Open in Explorer ↗ for FICO sub-band and new/used stratification.