Presale Report  ·  Data as of 2024-09-25

Harley-Davidson Motorcycle Trust 2024-B Auto Loan prime FINAL · CLOSED 2024-09-25

Notes
$631.6MM
Pool
$663.1MM
Reserve
0.25%
OC
4.8%
Sponsor: Harley-Davidson Credit Corp  ·  Servicer: Harley-Davidson Credit Corp  ·  Trustee: to the indenture trustee

Capital Structure

ClassSize ($MM)% of PoolSub %CPN / SpreadWALLegal Final
Class A-1112.016.9%78.4%4.98% fxd0.262025-10-15
Class A-2200.030.2%48.2%4.62% fxd0.992027-08-16
Class A-3249.037.6%10.6%4.31% fxd2.302029-07-16
Class A-470.610.6%0.0%4.28% fxd3.552032-04-15

Transaction Parties

SponsorHarley-Davidson Credit Corp
ServicerHarley-Davidson Credit Corp
Depositor / Transferorc/o Harley-Davidson Credit Corp
Indenture Trusteeto the indenture trustee
Owner TrusteeWilmington Trust, National Association
Asset Rep. Reviewerto the asset representations reviewer
UnderwritersAcademy Securities, BMO Capital Markets, BofA Securities, Citigroup Global Markets, Mizuho Securities, MUFG Securities Americas

Issuer Track Record

HDMT 2024-BHDMT 2024-AHDMT 2023-BHDMT 2023-AHDMT 2022-AHDMT 2021-B
Collateral (pool at cut-off)
Closing date2024-09-252024-05-222023-09-272023-02-232022-04-202021-08-18
Pool balance$663.1MM$607.8MM$580.2MM$628.5MM$607.8MM$635.5MM
WA Credit Score7580758758758756754
WA APR9.35%+1.04pp9.43%8.91%7.51%7.22%8.31%
WA original term mo70.0−1.070.0 mo70.0 mo71.0 mo71.0 mo71.0 mo
% new vehicles74.4%70.5%63.9%61.3%64.0%73.9%
Reserve %0.25%0.25%0.25%0.25%
Geo top-3TX 11.7%
CA 9.5%
FL 8.3%
TX 11.3%
CA 9.9%
FL 8.6%
TX 10.7%
CA 9.8%
FL 7.5%
CA 10.3%
TX 9.3%
FL 6.8%
TX 11.1%
CA 10.5%
FL 9.5%
CA 10.7%
TX 10.1%
FL 7.7%
Structure (at issuance)
AAA spread+53 bps+62 bps
AAA % of pool80.6%75.0%76.0%79.9%83.4%
Subordination below AAA0.0%0.0pp0.0%0.0%0.0%0.0%0.0%
OC (initial)4.75%4.75%9.28%7.88%4.75%4.75%
OC target4.75%4.75%4.75%4.75%4.75%4.75%
OC floor4.75%4.75%4.75%4.75%4.75%4.75%
YSOCn.a.n.a.n.a.n.a.n.a.n.a.
Tranches444554

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

HDMT 2024-BFCAOT 2024-CHAROT 2024-3WOART 2024-CCAOT 2024-3TAOT 2024-C
Collateral (pool at cut-off)
Closing date2024-09-252024-09-202024-08-212024-08-202024-07-302024-07-30
Pool balance$663.1MM$1,688.8MM$2,159.2MM$1,312.6MM$1,414.1MM$1,864.8MM
WA Credit Score758+0756768756758769
WA APR9.35%+3.31pp4.74%4.72%6.67%9.54%6.04%
WA original term mo70.0+4.664.8 mo61.3 mo68.1 mo66.0 mo65.4 mo
% new vehicles74.4%93.9%85.3%96.2%0.0%87.0%
Reserve %0.25%0.23%0.25%0.23%1.25%0.25%
Geo top-3TX 11.7%
CA 9.5%
FL 8.3%
TX 16.1%
FL 8.6%
CA 8.4%
CA 16.2%
TX 9.7%
NY 6.7%
CA 17.4%
TX 10.7%
FL 8.0%
CA 16.3%
TX 16.2%
PA 4.6%
Structure (at issuance)
AAA spread+40 bps+48 bps+47 bps+37 bps
AAA % of pool69.3%72.4%35.4%76.5%71.0%
Subordination below AAA0.0%−3.8pp4.7%0.0%4.2%3.8%2.3%
OC (initial)4.75%2.00%2.50%1.00%0.85%
OC target4.75%2.00%0.90%1.25%0.85%
OC floor4.75%2.00%0.50%1.25%0.85%
YSOCn.a.6.50%7.77%n.a.6.16%
Tranches474786

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.

No performance data available for this issuer.

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