| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | Moody's | Fitch |
|---|---|---|---|---|---|---|---|---|
| Class A-1 | 287.2 | 17.3% | 75.8% | 5.53% fxd | 0.22 | 2025-01-16 | P-1 | F1+ |
| Class A-2-A | 390.0 | 23.5% | 52.3% | 5.12% fxd | 1.06 | 2027-02-16 | Aaa | AAA |
| Class A-2-B | 189.6 | 11.4% | 40.8% | +40 bps SOFR | 1.06 | 2027-02-16 | Aaa | AAA |
| Class A-3 | 521.0 | 31.4% | 9.4% | 4.85% fxd | 2.51 | 2028-12-18 | Aaa | AAA |
| Class A-4 | 87.5 | 5.3% | 4.1% | 4.86% fxd | 3.64 | 2029-06-18 | Aaa | AAA |
| Class B | 25.1 | 1.5% | 2.6% | 5.16% fxd | 3.66 | 2029-08-16 | Aa2 | AA |
| C | 23.5 | 1.4% | 1.2% | — | — | — | — | — |
| D | 19.6 | 1.2% | 0.0% | — | — | — | — | — |
| Sponsor | AmeriCredit Financial Services, Inc. |
|---|---|
| Servicer | AmeriCredit Financial Services, Inc. |
| Depositor / Transferor | AFS SenSub Corp. |
| Indenture Trustee | — |
| Owner Trustee | Wilmington Trust Company |
| Asset Rep. Reviewer | Clayton Fixed Income Services LLC |
| Underwriters | Barclays Capital, Deutsche Bank Securities, RBC Capital Markets, Lloyds Securities, Loop Capital Markets, MUFG Securities Americas |
| GMCAR 2024-1 | GMCAR 2023-4 | GMCAR 2023-3 | GMCAR 2023-2 | GMCAR 2023-1 | GMCAR 2022-4 | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2024-01-17 | 2023-10-11 | 2023-07-19 | 2023-04-12 | 2023-01-18 | 2022-10-12 |
| Pool balance | $1,657.3MM | $1,623.3MM | $1,682.7MM | $1,701.7MM | $1,719.2MM | $1,376.2MM |
| WA Credit Score | 783+1 | 783 | 782 | 783 | 781 | 781 |
| WA APR | 5.21%+1.19pp | 4.83% | 4.51% | 4.02% | 3.51% | 3.21% |
| WA original term mo | 69.00.0 | 70.0 mo | 70.0 mo | 69.0 mo | 69.0 mo | 69.0 mo |
| % new vehicles | — | — | — | — | — | — |
| Reserve % | 0.24% | 0.25% | 0.25% | 0.25% | 0.25% | 0.30% |
| Geo top-3 | TX 14.0% FL 7.3% CA 5.4% | TX 14.2% FL 7.4% CA 6.0% | TX 14.2% FL 7.9% CA 6.4% | TX 14.0% FL 8.3% CA 6.9% | TX 14.8% CA 7.7% NY 5.7% | TX 12.9% CA 7.9% FL 6.9% |
| Structure (at issuance) | ||||||
| AAA spread | +40 bps−22bps | +53 bps | +47 bps | +75 bps | +62 bps | +65 bps |
| AAA % of pool | 71.7%+1.9pp | 70.9% | 70.6% | 69.8% | 67.9% | 69.3% |
| Subordination below AAA | 4.1%+0.1pp | 4.1% | 4.1% | 4.0% | 4.0% | 4.0% |
| OC (initial) | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% |
| OC target | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% |
| OC floor | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% |
| YSOC | 5.45% | 5.68% | 6.89% | 6.69% | 8.86% | 7.75% |
| Tranches | 8 | 8 | 8 | 8 | 8 | 8 |
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.
| GMCAR 2024-1 | VALET 2023-2 | FCAOT 2023-C | TAOT 2023-D | HART 2023-C | WOART 2023-D | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2024-01-17 | 2023-11-21 | 2023-11-21 | 2023-11-14 | 2023-11-13 | 2023-11-08 |
| Pool balance | $1,657.3MM | $1,418.8MM | $1,443.4MM | $1,774.2MM | $1,822.5MM | $1,119.4MM |
| WA Credit Score | 783+16 | 774 | 753 | 767 | 768 | 756 |
| WA APR | 5.21%−0.41pp | 5.69% | 4.92% | 5.10% | 5.62% | 6.13% |
| WA original term mo | 69.0+3.7 | — | 63.6 mo | 65.0 mo | 65.6 mo | 67.4 mo |
| % new vehicles | — | 73.4% | 91.2% | 82.6% | 94.3% | 95.5% |
| Reserve % | 0.24% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
| Geo top-3 | TX 14.0% FL 7.3% CA 5.4% | TX 14.8% CA 13.6% FL 9.6% | TX 16.0% CA 9.6% FL 8.4% | CA 21.3% TX 15.3% PA 4.1% | TX 12.0% FL 11.7% CA 10.9% | FL 44.7% GA 19.6% NC 16.6% |
| Structure (at issuance) | ||||||
| AAA spread | +40 bps−18bps | +90 bps | +55 bps | +55 bps | +63 bps | +58 bps |
| AAA % of pool | 71.7%+3.4pp | 33.1% | 68.2% | 70.5% | 68.9% | 67.6% |
| Subordination below AAA | 4.1%+0.1pp | 0.0% | 4.6% | 2.3% | 4.4% | 4.0% |
| OC (initial) | 1.50% | 3.00% | 2.00% | 0.85% | 3.00% | 0.25% |
| OC target | 2.00% | — | 2.00% | 0.85% | 3.00% | 1.15% |
| OC floor | 2.00% | — | 2.00% | 0.85% | 3.00% | 0.50% |
| YSOC | 5.45% | 9.17% | 7.07% | 9.82% | 6.84% | 8.92% |
| Tranches | 8 | 5 | 7 | 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.
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 (142 series across 9 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 GMCAR.
Peer tier: prime.
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FICO sub-band and new/used stratification.