| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | Moody's |
|---|---|---|---|---|---|---|---|---|
| Class A-1 | 265.0 | 18.7% | 74.3% | 5.50% fxd | 0.25 | 2025-07-16 | A-1+ | P-1 |
| Class A-2-A | 250.0 | 17.6% | 56.7% | 5.35% fxd | 1.05 | 2027-06-16 | AAA | Aaa |
| Class A-2-B | 216.4 | 15.2% | 41.5% | +36 bps SOFR | 1.05 | 2027-06-16 | AAA | Aaa |
| Class A-3 | 466.4 | 32.8% | 8.6% | 5.13% fxd | 2.41 | 2029-04-16 | AAA | Aaa |
| Class A-4 | 80.7 | 5.7% | 3.0% | 5.09% fxd | 3.56 | 2029-11-16 | AAA | Aaa |
| Class B | 21.7 | 1.5% | 1.4% | 5.39% fxd | — | 2030-01-16 | AA | Aa2 |
| Class C | 20.4 | 1.4% | 0.0% | 5.48% fxd | — | 2030-02-16 | A | A2 |
| 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 | BofA Securities, J.P. Morgan Securities, RBC Capital Markets, TD Securities, Academy Securities, BMO Capital Markets |
| GMCAR 2024-3 | GMCAR 2024-2 | GMCAR 2024-1 | GMCAR 2023-2 | GMCAR 2023-4 | GMCAR 2023-1 | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2024-07-10 | 2024-04-10 | 2019-01-16 | 2018-01-18 | 2018-01-18 | 2018-01-18 |
| Pool balance | $1,420.3MM | $1,654.1MM | $1,657.3MM | $1,701.7MM | $1,623.3MM | $1,719.2MM |
| WA Credit Score | 7830 | 784 | 783 | 783 | 783 | 781 |
| WA APR | 5.69%+0.86pp | 5.46% | 5.21% | 4.02% | 4.83% | 3.51% |
| WA original term mo | 69.00.0 | 68.0 mo | 69.0 mo | 69.0 mo | 70.0 mo | 69.0 mo |
| % new vehicles | 87.7% | 87.7% | — | — | — | — |
| Reserve % | 0.24% | 0.24% | 0.24% | 0.19% | 0.21% | 0.23% |
| Geo top-3 | TX 14.5% FL 7.5% MI 5.2% | TX 14.4% FL 7.1% NY 5.3% | TX 14.0% FL 7.3% CA 5.4% | TX 14.0% FL 8.3% CA 6.9% | TX 14.2% FL 7.4% CA 6.0% | TX 14.8% CA 7.7% NY 5.7% |
| Structure (at issuance) | ||||||
| AAA spread | +36 bps−17bps | +39 bps | +40 bps | +75 bps | +53 bps | +62 bps |
| AAA % of pool | 71.4%+0.4pp | 71.5% | 71.7% | 69.8% | 70.9% | 67.9% |
| Subordination below AAA | 3.0%+0.0pp | 2.9% | 4.1% | 2.9% | 4.1% | 2.8% |
| 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 | 4.40% | 5.27% | 5.45% | 6.69% | 5.68% | 8.86% |
| Tranches | 7 | 7 | 8 | 7 | 8 | 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.
| GMCAR 2024-3 | FCAOT 2024-B | BMWOT 2024-A | WOART 2024-B | NAROT 2024-A | HAROT 2024-2 | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2024-07-10 | 2024-06-24 | 2024-06-11 | 2024-05-22 | 2024-05-22 | 2024-05-21 |
| Pool balance | $1,420.3MM | $1,999.5MM | $1,910.0MM | $1,335.1MM | $1,424.1MM | $2,159.3MM |
| WA Credit Score | 783+14 | 755 | 784 | 757 | 780 | 769 |
| WA APR | 5.69%+0.96pp | 4.65% | 3.12% | 7.32% | 4.85% | 4.73% |
| WA original term mo | 69.0+4.8 | 64.8 mo | 63.6 mo | 68.3 mo | — | 63.2 mo |
| % new vehicles | 87.7% | 93.6% | 68.2% | 95.3% | 10.5% | 86.0% |
| Reserve % | 0.24% | 0.23% | 0.25% | 0.23% | 0.25% | 0.25% |
| Geo top-3 | TX 14.5% FL 7.5% MI 5.2% | TX 16.0% CA 8.5% FL 8.4% | CA 16.7% TX 13.2% FL 11.0% | FL 43.8% GA 19.9% NC 16.8% | TX 17.8% FL 9.5% CA 6.6% | CA 16.6% TX 9.9% MD 6.1% |
| Structure (at issuance) | ||||||
| AAA spread | +36 bps−4bps | +40 bps | +34 bps | +43 bps | +38 bps | +40 bps |
| AAA % of pool | 71.4%+0.4pp | 70.0% | 72.6% | 70.9% | 68.2% | 73.5% |
| Subordination below AAA | 3.0%+3.0pp | 4.3% | 0.0% | 4.2% | 0.0% | 0.0% |
| OC (initial) | 1.50% | 2.00% | 2.50% | — | 4.00% | 2.50% |
| OC target | 2.00% | 2.00% | 2.50% | 0.90% | 4.00% | — |
| OC floor | 2.00% | 2.00% | 2.50% | 0.50% | 4.00% | — |
| YSOC | 4.40% | 7.87% | 6.03% | 6.11% | 8.57% | — |
| Tranches | 7 | 7 | 5 | 7 | 5 | 4 |
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 (154 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.
Open in Explorer ↗ for
FICO sub-band and new/used stratification.