| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | Fitch |
|---|---|---|---|---|---|---|---|---|
| Class A-1 | 415.0 | 19.1% | 72.9% | 4.04% fxd | 0.27 | 2026-11-16 | A-1+ | F1+ |
| Class A-2-A | 413.7 | 19.0% | 53.8% | 4.03% fxd | 1.09 | 2028-11-15 | AAA | AAA |
| Class A-2-B | 275.0 | 12.7% | 41.1% | +38 bps SOFR | 1.09 | 2028-11-15 | AAA | AAA |
| Class A-3 | 688.7 | 31.7% | 9.4% | 3.99% fxd | 2.44 | 2030-09-16 | AAA | AAA |
| Class A-4 | 106.5 | 4.9% | 4.5% | 4.07% fxd | 3.58 | 2032-03-15 | AAA | AAA |
| Class B | 36.9 | 1.7% | 2.8% | 4.36% fxd | 3.91 | 2032-03-15 | AA+ | AA+ |
| Class C | 61.5 | 2.8% | 0.0% | 4.56% fxd | 4.14 | 2033-03-15 | 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 | BNP Paribas Securities, BofA Securities, TD Securities, RBC Capital Markets, Mizuho Securities, Scotia Capital |
| HART 2025-D | HART 2025-C | HART 2025-B | HART 2025-A | HART 2024-C | HART 2024-B | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2025-11-12 | 2025-09-17 | 2025-06-11 | 2025-03-12 | 2024-10-16 | 2024-07-24 |
| Pool balance | $2,171.9MM | $2,148.3MM | $2,188.2MM | $2,188.3MM | $1,859.5MM | $1,925.2MM |
| WA Credit Score | 773+4 | 772 | 770 | 769 | 769 | 768 |
| WA APR | 5.37%−0.58pp | 5.61% | 5.95% | 5.57% | 5.97% | 5.98% |
| WA original term mo | 67.9−0.1 | 67.9 mo | 67.5 mo | 67.9 mo | 68.0 mo | 67.3 mo |
| % new vehicles | 99.9% | 99.5% | 97.5% | 96.6% | 96.7% | 96.5% |
| Reserve % | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
| Geo top-3 | TX 13.1% FL 10.2% CA 8.0% | 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% |
| Structure (at issuance) | ||||||
| AAA spread | +38 bps+2bps | +35 bps | — | +34 bps | +40 bps | +37 bps |
| AAA % of pool | 68.3%−0.6pp | 68.9% | 56.0% | 67.4% | 69.8% | 70.5% |
| Subordination below AAA | 4.5%−0.0pp | 4.6% | 4.6% | 4.5% | 4.6% | 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 | 5.68% | 5.09% | 5.22% | 6.01% | 4.98% | 6.43% |
| 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-D | HAROT 2025-4 | GMCAR 2025-4 | TAOT 2025-D | WOART 2025-D | FCAOT 2025-B | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2025-11-12 | 2025-11-12 | 2025-11-05 | 2025-10-23 | 2025-10-15 | 2025-09-26 |
| Pool balance | $2,171.9MM | $2,483.2MM | $951.1MM | $1,998.8MM | $982.7MM | $1,645.7MM |
| WA Credit Score | 773+4 | 769 | 781 | 771 | 757 | 752 |
| WA APR | 5.37%−0.34pp | 4.93% | 5.86% | 5.71% | 6.15% | 5.21% |
| WA original term mo | 67.9+2.1 | 61.9 mo | 13.0 mo | 65.8 mo | 68.6 mo | 66.0 mo |
| % new vehicles | 99.9% | 86.0% | 87.9% | 88.0% | 97.6% | 93.5% |
| Reserve % | 0.25% | 0.25% | 0.25% | 0.25% | 0.23% | 0.24% |
| Geo top-3 | TX 13.1% FL 10.2% CA 8.0% | CA 16.9% TX 9.9% FL 6.5% | TX 14.1% FL 7.1% CA 7.0% | CA 22.9% TX 15.8% IL 3.9% | FL 46.0% GA 18.7% NC 15.7% | TX 16.5% CA 8.7% FL 8.2% |
| Structure (at issuance) | ||||||
| AAA spread | +38 bps+6bps | +38 bps | +32 bps | +32 bps | +31 bps | +30 bps |
| AAA % of pool | 68.3%−5.1pp | 74.5% | 75.6% | 73.4% | 69.9% | 71.7% |
| Subordination below AAA | 4.5%+1.5pp | 0.0% | 3.0% | 2.4% | 4.2% | 4.8% |
| OC (initial) | 3.00% | — | 2.75% | 0.85% | — | 2.00% |
| OC target | 3.00% | — | 2.75% | 0.85% | 0.90% | 2.00% |
| OC floor | 3.00% | — | 2.75% | 0.85% | 0.50% | 2.00% |
| YSOC | 5.68% | 4.76% | 2.68% | 4.94% | 6.55% | 4.06% |
| Tranches | 7 | 5 | 7 | 6 | 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.
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 (193 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.