| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | Moody's |
|---|---|---|---|---|---|---|---|---|
| Class A-1 | 290.0 | 17.3% | 76.9% | 5.62% fxd | 0.14 | 2025-06-18 | A-1+ | P-1 |
| Class A-2-A | 271.0 | 16.2% | 60.8% | 5.75% fxd | 0.80 | 2028-02-18 | AAA | Aaa |
| Class A-2-B | 225.0 | 13.4% | 47.4% | +60 bps SOFR | 0.80 | 2028-02-18 | AAA | Aaa |
| Class A-3 | 368.9 | 22.0% | 25.3% | 5.43% fxd | 1.98 | 2029-01-18 | AAA | Aaa |
| Class B | 108.9 | 6.5% | 18.8% | 5.38% fxd | 2.79 | 2029-06-18 | AA | Aa2 |
| Class C | 136.6 | 8.1% | 10.7% | — | 3.30 | — | A | A2 |
| Class D | 131.5 | 7.8% | 2.8% | — | — | — | — | — |
| Class E | 47.8 | 2.8% | 0.0% | — | — | — | — | — |
| Sponsor | AmeriCredit Financial Services, Inc |
|---|---|
| Servicer | AmeriCredit Financial Services, Inc. |
| Depositor / Transferor | SenSub Corp |
| Indenture Trustee | — |
| Owner Trustee | Wilmington Trust Company |
| Asset Rep. Reviewer | Clayton Fixed Income Services LLC |
| Underwriters | Barclays Capital, BNP Paribas Securities, Morgan Stanley, Wells Fargo Securities, Deutsche Bank Securities, Goldman Sachs |
| AMCAR 2024-1 | AMCAR 2023-2 | AMCAR 2023-1 | AMCAR 2022-2 | AMCAR 2022-1 | AMCAR 2021-3 | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2024-05-29 | 2023-09-20 | 2023-03-15 | 2022-06-22 | 2022-03-16 | 2021-11-17 |
| Pool balance | $1,675.9MM | $1,591.5MM | $1,362.9MM | $1,434.9MM | $1,167.3MM | $956.5MM |
| WA Credit Score | 588−1 | 590 | 589 | 599 | 589 | 587 |
| WA APR | 13.57%+3.11pp | 12.20% | 11.23% | 10.46% | 10.18% | 10.42% |
| WA original term mo | 71.0−2.0 | 74.0 mo | 74.0 mo | 71.0 mo | 73.0 mo | 71.0 mo |
| % new vehicles | 56.9% | 51.8% | 51.8% | 55.0% | 55.0% | 55.9% |
| Reserve % | 1.00% | 2.00% | 2.00% | 1.67% | 2.00% | — |
| Geo top-3 | TX 16.3% FL 7.4% OH 7.1% | TX 15.7% FL 8.0% OH 6.6% | TX 17.4% FL 8.2% OH 6.5% | TX 16.2% FL 8.4% OH 6.7% | TX 15.7% FL 8.0% OH 6.7% | TX 15.8% FL 7.8% OH 7.2% |
| Structure (at issuance) | ||||||
| AAA spread | +60 bps−6bps | — | +73 bps | +120 bps | +60 bps | +15 bps |
| AAA % of pool | 51.6%−2.1pp | 54.2% | 53.7% | 53.4% | 53.3% | 53.8% |
| Subordination below AAA | 25.3%−0.0pp | 25.4% | 25.4% | 15.5% | 25.3% | 25.3% |
| OC (initial) | 5.75% | 5.75% | 5.75% | 5.75% | 5.75% | 5.75% |
| OC target | 14.75% | 14.75% | 14.75% | 14.75% | 14.75% | 14.75% |
| OC floor | — | — | — | — | — | — |
| YSOC | — | — | — | — | — | — |
| Tranches | 8 | 7 | 8 | 6 | 7 | 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.
| AMCAR 2024-1 | EART 2024-3 | BLAST 2024-2 | SDART 2024-2 | DRIVE 2024-1 | CRVNA 2021-N4 | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2024-05-29 | 2024-05-28 | 2024-04-24 | 2024-04-24 | 2024-02-21 | 2021-12-15 |
| Pool balance | $1,675.9MM | $869.8MM | $700.0MM | $1,768.8MM | $1,642.6MM | $460.0MM |
| WA Credit Score | 588+10 | 591 | 552 | 606 | 575 | 578 |
| WA APR | 13.57%−5.25pp | 21.76% | 23.16% | 18.49% | 18.29% | 18.82% |
| WA original term mo | 71.0−0.2 | 74.0 mo | 65.0 mo | 71.0 mo | 71.2 mo | 72.0 mo |
| % new vehicles | 56.9% | — | 0.1% | 30.4% | 19.1% | — |
| Reserve % | 1.00% | 1.00% | 1.50% | 1.00% | 1.00% | 0.35% |
| Geo top-3 | TX 16.3% FL 7.4% OH 7.1% | TX 15.4% CA 9.6% FL 8.0% | FL 13.3% TX 13.0% GA 9.6% | TX 16.8% FL 12.9% CA 8.0% | TX 21.2% FL 12.8% CA 8.2% | TX 10.9% CA 7.0% FL 6.9% |
| Structure (at issuance) | ||||||
| AAA spread | +60 bps+2bps | +56 bps | +53 bps | +60 bps | +62 bps | — |
| AAA % of pool | 51.6%+14.3pp | 33.3% | 37.3% | 51.2% | 34.7% | 51.4% |
| Subordination below AAA | 25.3%−14.0pp | 50.5% | 39.3% | 32.3% | 22.3% | 53.2% |
| OC (initial) | 5.75% | 6.25% | 15.00% | 9.00% | 33.10% | 0.00% |
| OC target | 14.75% | 15.25% | 19.50% | 14.60% | 42.35% | 3.00% |
| OC floor | — | 1.50% | 3.25% | 2.00% | 3.50% | 1.25% |
| YSOC | — | n.a. | n.a. | n.a. | n.a. | n.a. |
| Tranches | 8 | 7 | 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 (70 series across 6 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.
AmeriCredit Financial Services, Inc — ticker AMCAR.
Peer tier: subprime.
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FICO sub-band and new/used stratification.