| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | Moody's |
|---|---|---|---|---|---|---|---|---|
| Class A-1 | 181.2 | 18.4% | 76.1% | 4.46% fxd | 0.19 | 2026-05-18 | A-1+ | P-1 |
| Class A-2A | 168.5 | 17.1% | 58.9% | 4.40% fxd | 0.96 | 2028-02-16 | AAA | Aaa |
| Class A-2B | 168.5 | 17.1% | 41.8% | +45 bps SOFR | 0.96 | 2028-02-16 | AAA | Aaa |
| Class A-3 | 337.0 | 34.2% | 7.6% | 4.28% fxd | 2.37 | 2030-04-16 | AAA | Aaa |
| Class A-4 | 44.9 | 4.6% | 3.0% | 4.42% fxd | 3.50 | 2031-05-16 | AAA | Aaa |
| Class B | 15.3 | 1.6% | 1.5% | 4.62% fxd | 3.51 | 2031-05-16 | AA | Aa2 |
| Class C | 14.3 | 1.5% | 0.0% | 4.91% fxd | 3.51 | 2032-10-18 | A | A2 |
| Sponsor | GM Financial |
|---|---|
| Servicer | AmeriCredit Financial Services, Inc. |
| Depositor / Transferor | AFS SenSub Corp |
| Indenture Trustee | — |
| Owner Trustee | Wilmington Trust, National Association |
| Asset Rep. Reviewer | Clayton Fixed Income Services LLC |
| Underwriters | BofA Securities, J.P. Morgan Securities, TD Securities, Wells Fargo Securities, RBC Capital Markets, Scotia Capital |
| GMCAR 2025-2 | GMCAR 2025-1 | GMCAR 2024-4 | GMCAR 2024-3 | GMCAR 2024-2 | GMCAR 2024-1 | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2025-05-14 | 2025-01-15 | 2024-10-16 | 2024-07-10 | 2024-04-10 | 2019-01-16 |
| Pool balance | $984.2MM | $1,644.9MM | $1,346.6MM | $1,420.3MM | $1,654.1MM | $1,657.3MM |
| WA Credit Score | 782−1 | 781 | 782 | 783 | 784 | 783 |
| WA APR | 5.82%+0.13pp | 6.08% | 5.83% | 5.69% | 5.46% | 5.21% |
| WA original term mo | 69.00.0 | 13.0 mo | 69.0 mo | 69.0 mo | 68.0 mo | 69.0 mo |
| % new vehicles | 87.9% | 87.9% | 87.7% | 87.7% | 87.7% | — |
| Reserve % | 0.24% | 0.24% | 0.24% | 0.24% | 0.24% | 0.24% |
| Geo top-3 | TX 12.2% FL 7.7% NY 6.2% | TX 13.9% FL 7.0% MI 5.6% | TX 15.3% FL 7.2% MI 5.3% | 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% |
| Structure (at issuance) | ||||||
| AAA spread | +45 bps+6bps | +33 bps | +40 bps | +36 bps | +39 bps | +40 bps |
| AAA % of pool | 73.0%+1.4pp | 73.4% | 72.8% | 71.4% | 71.5% | 71.7% |
| Subordination below AAA | 3.0%+0.0pp | 3.0% | 1.6% | 3.0% | 2.9% | 4.1% |
| OC (initial) | 2.75% | 2.75% | 1.50% | 1.50% | 1.50% | 1.50% |
| OC target | 2.75% | 2.75% | 2.00% | 2.00% | 2.00% | 2.00% |
| OC floor | 2.75% | 2.75% | 2.00% | 2.00% | 2.00% | 2.00% |
| YSOC | 2.86% | 3.13% | 3.04% | 4.40% | 5.27% | 5.45% |
| Tranches | 7 | 7 | 6 | 7 | 7 | 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 2025-2 | WOART 2025-B | HAROT 2025-2 | TAOT 2025-B | FCAOT 2025-A | VALET 2025-1 | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2025-05-14 | 2025-05-14 | 2025-05-08 | 2025-04-30 | 2025-03-25 | 2025-03-25 |
| Pool balance | $984.2MM | $1,281.8MM | $2,483.1MM | $1,988.8MM | $1,668.4MM | $1,427.5MM |
| WA Credit Score | 782+13 | 756 | 769 | 769 | 755 | 772 |
| WA APR | 5.82%+0.39pp | 6.49% | 4.89% | 6.05% | 4.81% | 5.43% |
| WA original term mo | 69.0+3.7 | 67.9 mo | 62.1 mo | 65.7 mo | 64.8 mo | — |
| % new vehicles | 87.9% | 96.4% | 86.1% | 88.0% | 94.3% | 79.0% |
| Reserve % | 0.24% | 0.24% | 0.25% | 0.25% | 0.24% | 0.23% |
| Geo top-3 | TX 12.2% FL 7.7% NY 6.2% | FL 47.7% GA 18.7% NC 15.4% | CA 16.9% TX 9.9% FL 6.2% | CA 20.9% TX 16.8% IL 4.0% | TX 15.6% CA 8.9% FL 8.8% | TX 16.3% FL 8.5% CA 7.8% |
| Structure (at issuance) | ||||||
| AAA spread | +45 bps−2bps | +47 bps | +48 bps | +54 bps | +41 bps | +44 bps |
| AAA % of pool | 73.0%+2.0pp | 70.1% | 72.8% | 71.7% | 71.0% | 69.6% |
| Subordination below AAA | 3.0%+0.6pp | 4.3% | 0.0% | 2.4% | 4.7% | 0.0% |
| OC (initial) | 2.75% | — | — | 0.85% | 2.00% | 4.00% |
| OC target | 2.75% | 0.90% | — | 0.85% | 2.00% | — |
| OC floor | 2.75% | 0.50% | — | 0.85% | 2.00% | — |
| YSOC | 2.86% | 5.38% | 5.43% | 4.46% | 5.36% | 8.78% |
| Tranches | 7 | 7 | 5 | 6 | 7 | 5 |
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 (174 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.
GM Financial — ticker GMCAR.
Peer tier: prime.
Open in Explorer ↗ for
FICO sub-band and new/used stratification.