| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | Fitch |
|---|---|---|---|---|---|---|---|---|
| Class A-1 | 340.2 | 18.3% | 74.3% | 4.75% fxd | 0.24 | 2025-10-15 | A-1+ | F1+ |
| Class A-2-A | 318.8 | 17.1% | 57.2% | +40 bps | 1.06 | 2027-09-15 | AAA | AAA |
| Class A-2-B | 318.8 | 17.1% | 40.1% | +40 bps SOFR | 1.06 | 2027-09-15 | AAA | AAA |
| Class A-3 | 571.4 | 30.7% | 9.3% | +53 bps | 2.41 | 2029-05-15 | AAA | AAA |
| Class A-4 | 88.6 | 4.8% | 4.6% | +62 bps | 3.49 | 2031-01-15 | AAA | AAA |
| Class B | 31.8 | 1.7% | 2.9% | +85 bps | 3.79 | 2031-01-15 | AA+ | AA+ |
| Class C | 53.0 | 2.9% | 0.0% | +105 bps | 3.98 | 2032-02-17 | AA | A+ |
| Sponsor | Hyundai Capital America |
|---|---|
| Servicer | Hyundai Capital America |
| Depositor / Transferor | Hyundai Capital America |
| Indenture Trustee | Citibank, N.A |
| Owner Trustee | U.S. Bank Trust National Association |
| Asset Rep. Reviewer | Clayton Fixed Income Services LLC |
| Underwriters | Barclays Capital, Wells Fargo Securities, BofA Securities, MUFG Securities Americas, SMBC Nikko Securities, HSBC Securities |
| HART 2024-C | HART 2024-B | HART 2024-A | HART 2023-C | HART 2023-B | HART 2023-A | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2024-10-16 | 2024-07-24 | 2024-03-20 | 2023-11-13 | 2023-07-19 | 2023-04-12 |
| Pool balance | $1,859.5MM | $1,925.2MM | $1,812.8MM | $1,822.5MM | $1,865.3MM | $1,829.8MM |
| WA Credit Score | 769+2 | 768 | 766 | 768 | 767 | 767 |
| WA APR | 5.97%+0.35pp | 5.98% | 5.70% | 5.62% | 4.96% | 3.72% |
| WA original term mo | 68.0+1.4 | 67.3 mo | 66.6 mo | 65.6 mo | 66.2 mo | 66.6 mo |
| % new vehicles | 96.7% | 96.5% | 95.8% | 94.3% | 94.0% | 95.6% |
| Reserve % | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
| Geo top-3 | TX 12.7% FL 10.6% CA 8.9% | 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% |
| Structure (at issuance) | ||||||
| AAA spread | +40 bps−2bps | +37 bps | +42 bps | +63 bps | — | — |
| AAA % of pool | 69.8%+0.5pp | 70.5% | 69.7% | 68.9% | 58.9% | — |
| Subordination below AAA | 4.6%+0.2pp | 4.5% | 4.5% | 4.4% | 4.4% | 4.3% |
| OC (initial) | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% |
| OC target | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% |
| OC floor | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% |
| YSOC | 4.98% | 6.43% | 5.15% | 6.84% | 9.04% | 9.89% |
| 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-C | GMCAR 2024-4 | FCAOT 2024-C | HAROT 2024-3 | WOART 2024-C | TAOT 2024-C | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2024-10-16 | 2024-10-16 | 2024-09-20 | 2024-08-21 | 2024-08-20 | 2024-07-30 |
| Pool balance | $1,859.5MM | $1,346.6MM | $1,688.8MM | $2,159.2MM | $1,312.6MM | $1,864.8MM |
| WA Credit Score | 769+1 | 782 | 756 | 768 | 756 | 769 |
| WA APR | 5.97%+0.14pp | 5.83% | 4.74% | 4.72% | 6.67% | 6.04% |
| WA original term mo | 68.0+2.6 | 69.0 mo | 64.8 mo | 61.3 mo | 68.1 mo | 65.4 mo |
| % new vehicles | 96.7% | 87.7% | 93.9% | 85.3% | 96.2% | 87.0% |
| Reserve % | 0.25% | 0.24% | 0.23% | 0.25% | 0.23% | 0.25% |
| Geo top-3 | TX 12.7% FL 10.6% CA 8.9% | TX 15.3% FL 7.2% MI 5.3% | TX 16.1% FL 8.6% CA 8.4% | CA 16.2% TX 9.7% NY 6.7% | — | CA 16.3% TX 16.2% PA 4.6% |
| Structure (at issuance) | ||||||
| AAA spread | +40 bps0bps | +40 bps | +40 bps | +48 bps | — | +37 bps |
| AAA % of pool | 69.8%−1.2pp | 72.8% | 69.3% | 72.4% | 35.4% | 71.0% |
| Subordination below AAA | 4.6%+2.2pp | 1.6% | 4.7% | 0.0% | 4.2% | 2.3% |
| OC (initial) | 3.00% | 1.50% | 2.00% | 2.50% | — | 0.85% |
| OC target | 3.00% | 2.00% | 2.00% | — | 0.90% | 0.85% |
| OC floor | 3.00% | 2.00% | 2.00% | — | 0.50% | 0.85% |
| YSOC | 4.98% | 3.04% | 6.50% | — | 7.77% | 6.16% |
| Tranches | 7 | 6 | 7 | 4 | 7 | 6 |
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 (169 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.