| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | Fitch |
|---|---|---|---|---|---|---|---|---|
| Class A-1 | 410.0 | 19.1% | 73.4% | 4.15% fxd | 0.25 | 2026-09-15 | A-1+ | F1+ |
| Class A-2a | 421.0 | 19.6% | 53.9% | 3.97% fxd | 1.03 | 2028-07-17 | AAA | AAA |
| Class A-2b | 269.0 | 12.5% | 41.3% | +35 bps SOFR | 1.03 | 2028-07-17 | AAA | AAA |
| Class A-3 | 690.0 | 32.1% | 9.2% | 3.88% fxd | 2.32 | 2030-04-15 | AAA | AAA |
| Class A-4 | 100.0 | 4.7% | 4.6% | 3.89% fxd | 3.43 | 2032-01-15 | AAA | AAA |
| Class B | 36.7 | 1.7% | 2.8% | 4.13% fxd | 3.72 | 2032-01-15 | AA+ | AA+ |
| Class C | 61.2 | 2.8% | 0.0% | 4.37% fxd | 3.90 | 2033-01-18 | 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 | Credit Agricole Securities, J.P. Morgan Securities, Wells Fargo Securities, Citigroup Global Markets, MUFG Securities Americas, HSBC Securities |
| HART 2025-C | HART 2025-B | HART 2025-A | HART 2024-C | HART 2024-B | HART 2024-A | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2025-09-17 | 2025-06-11 | 2025-03-12 | 2024-10-16 | 2024-07-24 | 2024-03-20 |
| Pool balance | $2,148.3MM | $2,188.2MM | $2,188.3MM | $1,859.5MM | $1,925.2MM | $1,812.8MM |
| WA Credit Score | 772+3 | 770 | 769 | 769 | 768 | 766 |
| WA APR | 5.61%−0.34pp | 5.95% | 5.57% | 5.97% | 5.98% | 5.70% |
| WA original term mo | 67.9+0.5 | 67.5 mo | 67.9 mo | 68.0 mo | 67.3 mo | 66.6 mo |
| % new vehicles | 99.5% | 97.5% | 96.6% | 96.7% | 96.5% | 95.8% |
| Reserve % | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
| Geo top-3 | TX 13.0% FL 9.8% CA 8.2% | CA 14.3% TX 11.9% FL 9.3% | CA 12.9% TX 12.5% FL 9.5% | 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% |
| Structure (at issuance) | ||||||
| AAA spread | +35 bps−3bps | — | +34 bps | +40 bps | +37 bps | +42 bps |
| AAA % of pool | 68.9%−0.8pp | 56.0% | 67.4% | 69.8% | 70.5% | 69.7% |
| Subordination below AAA | 4.6%+0.0pp | 4.6% | 4.5% | 4.6% | 4.5% | 4.5% |
| 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 | 5.09% | 5.22% | 6.01% | 4.98% | 6.43% | 5.15% |
| 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 2025-C | WOART 2025-C | HAROT 2025-3 | TAOT 2025-C | GMCAR 2025-3 | NAROT 2025-A | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2025-09-17 | 2025-08-13 | 2025-08-12 | 2025-07-30 | 2025-07-16 | 2025-05-27 |
| Pool balance | $2,148.3MM | $1,302.9MM | $2,483.1MM | $2,001.9MM | $974.1MM | $1,668.5MM |
| WA Credit Score | 772+2 | 758 | 769 | 770 | 783 | 789 |
| WA APR | 5.61%−0.09pp | 6.30% | 4.97% | 5.85% | 5.70% | 4.46% |
| WA original term mo | 67.9+0.9 | 68.3 mo | 61.9 mo | 65.7 mo | 69.0 mo | — |
| % new vehicles | 99.5% | 97.3% | 86.0% | 88.0% | 87.9% | 6.9% |
| Reserve % | 0.25% | 0.23% | 0.25% | 0.25% | 0.25% | 0.25% |
| Geo top-3 | TX 13.0% FL 9.8% CA 8.2% | FL 47.4% GA 18.6% NC 14.9% | CA 16.3% TX 9.8% PA 7.6% | CA 21.9% TX 15.8% IL 3.9% | TX 13.7% FL 7.4% CA 6.4% | TX 14.8% FL 7.3% CA 6.7% |
| Structure (at issuance) | ||||||
| AAA spread | +35 bps0bps | +35 bps | +35 bps | +30 bps | +30 bps | +45 bps |
| AAA % of pool | 68.9%−2.1pp | 70.4% | 72.5% | 71.0% | 72.9% | 68.0% |
| Subordination below AAA | 4.6%+2.2pp | 4.2% | 0.0% | 2.4% | 3.0% | 1.4% |
| OC (initial) | 3.00% | — | — | 0.85% | 2.75% | 2.50% |
| OC target | 3.00% | 0.90% | — | 0.85% | 2.75% | 2.50% |
| OC floor | 3.00% | 0.50% | — | 0.85% | 2.75% | 2.50% |
| YSOC | 5.09% | 6.48% | 4.77% | 5.09% | 3.50% | 7.79% |
| Tranches | 7 | 7 | 5 | 6 | 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 (191 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.