| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | Fitch |
|---|---|---|---|---|---|---|---|---|
| Class A-1 | 313.0 | 16.3% | 75.0% | 5.47% fxd | — | 2025-08-15 | A-1+ | F1+ |
| Class A-2-A | 500.0 | 26.0% | 49.0% | 5.15% fxd | — | 2027-06-15 | AAA | AAA |
| Class A-2-B | 160.0 | 8.3% | 40.7% | +37 bps SOFR | — | 2027-06-15 | AAA | AAA |
| Class A-3 | 615.0 | 31.9% | 8.7% | 4.84% fxd | — | 2029-03-15 | AAA | AAA |
| Class A-4 | 81.9 | 4.3% | 4.5% | 4.74% fxd | — | 2030-09-16 | AAA | AAA |
| Class B | 32.4 | 1.7% | 2.8% | 5.04% fxd | — | 2030-09-16 | AA+ | AA+ |
| Class C | 54.0 | 2.8% | 0.0% | 5.29% fxd | — | 2031-10-15 | AA | A+ |
| Sponsor | Hyundai Capital America |
|---|---|
| Servicer | Hyundai Capital America |
| Depositor / Transferor | Capital America |
| Indenture Trustee | Citibank, N.A |
| Owner Trustee | U.S. Bank Trust National Association |
| Asset Rep. Reviewer | Clayton Fixed Income Services LLC |
| Underwriters | RBC Capital Markets, TD Securities, U.S. Bancorp Investments, Citigroup Global Markets, SMBC Nikko Securities, HSBC Securities |
| HART 2024-B | HART 2024-A | HART 2023-C | HART 2023-B | HART 2023-A | HART 2022-C | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2024-07-24 | 2024-03-20 | 2023-11-13 | 2023-07-19 | 2023-04-12 | 2022-11-09 |
| Pool balance | $1,925.2MM | $1,812.8MM | $1,822.5MM | $1,865.3MM | $1,829.8MM | $1,706.7MM |
| WA Credit Score | 768+1 | 766 | 768 | 767 | 767 | 764 |
| WA APR | 5.98%+1.02pp | 5.70% | 5.62% | 4.96% | 3.72% | 3.85% |
| WA original term mo | 67.3+1.1 | 66.6 mo | 65.6 mo | 66.2 mo | 66.6 mo | 66.2 mo |
| % new vehicles | 96.5% | 95.8% | 94.3% | 94.0% | 95.6% | 94.9% |
| Reserve % | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.50% |
| Geo top-3 | TX 12.4% CA 12.2% FL 10.4% | TX 12.9% FL 11.5% CA 6.4% | TX 12.0% FL 11.7% CA 10.9% | CA 12.5% TX 12.4% FL 11.3% | FL 12.0% CA 11.9% TX 11.4% | CA 14.2% TX 12.2% FL 6.0% |
| Structure (at issuance) | ||||||
| AAA spread | +37 bps−15bps | +42 bps | +63 bps | — | — | — |
| AAA % of pool | 70.5%+1.6pp | 69.7% | 68.9% | 58.9% | — | — |
| Subordination below AAA | 4.5%+0.1pp | 4.5% | 4.4% | 4.4% | 4.3% | — |
| OC (initial) | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 2.75% |
| OC target | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 2.75% |
| OC floor | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 2.75% |
| YSOC | 6.43% | 5.15% | 6.84% | 9.04% | 9.89% | 10.76% |
| Tranches | 7 | 7 | 7 | 7 | 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.
| HART 2024-B | GMCAR 2024-3 | FCAOT 2024-B | BMWOT 2024-A | NAROT 2024-A | WOART 2024-B | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2024-07-24 | 2024-07-10 | 2024-06-24 | 2024-06-11 | 2024-05-22 | 2024-05-22 |
| Pool balance | $1,925.2MM | $1,420.3MM | $1,999.5MM | $1,910.0MM | $1,424.1MM | $1,335.1MM |
| WA Credit Score | 768−12 | 783 | 755 | 784 | 780 | 757 |
| WA APR | 5.98%+1.13pp | 5.69% | 4.65% | 3.12% | 4.85% | 7.32% |
| WA original term mo | 67.3+0.7 | 69.0 mo | 64.8 mo | 63.6 mo | — | 68.3 mo |
| % new vehicles | 96.5% | 87.7% | 93.6% | 68.2% | 10.5% | 95.3% |
| Reserve % | 0.25% | 0.24% | 0.23% | 0.25% | 0.25% | 0.23% |
| Geo top-3 | TX 12.4% CA 12.2% FL 10.4% | 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% | TX 17.8% FL 9.5% CA 6.6% | FL 43.8% GA 19.9% NC 16.8% |
| Structure (at issuance) | ||||||
| AAA spread | +37 bps−1bps | +36 bps | +40 bps | +34 bps | +38 bps | +43 bps |
| AAA % of pool | 70.5%−0.4pp | 71.4% | 70.0% | 72.6% | 68.2% | 70.9% |
| Subordination below AAA | 4.5%+1.5pp | 3.0% | 4.3% | 0.0% | 0.0% | 4.2% |
| OC (initial) | 3.00% | 1.50% | 2.00% | 2.50% | 4.00% | — |
| OC target | 3.00% | 2.00% | 2.00% | 2.50% | 4.00% | 0.90% |
| OC floor | 3.00% | 2.00% | 2.00% | 2.50% | 4.00% | 0.50% |
| YSOC | 6.43% | 4.40% | 7.87% | 6.03% | 8.57% | 6.11% |
| Tranches | 7 | 7 | 7 | 5 | 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 (162 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.
Hyundai Capital America — ticker HART.
Peer tier: prime.
Open in Explorer ↗ for
FICO sub-band and new/used stratification.