Form 10-D Ally Auto Receivables For: Aug 31
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-D
ASSET-BACKED ISSUER
DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the monthly distribution period from
August 1, 2021 to August 31, 2021
Commission File Number of issuing entity: 333-204844-09
Central Index Key Number of issuing entity: 0001727820
Ally Auto Receivables Trust 2018-1
(Exact name of issuing entity as specified in its charter)
Commission File Number of depositor: 333-204844
Central Index Key Number of depositor: 0001477336
Ally Auto Assets LLC
(Exact name of depositor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001601846
Ally Bank
(Exact name of sponsor as specified in its charter)
Elliot Kahan
(866) 710-4623
(Name and telephone number, including area code, of the person to contact in connection with this filing)
DELAWARE | 38-7198651 | |||||||
(State or other jurisdiction of incorporation or organization of the | (I.R.S. Employer Identification No.) | |||||||
issuing entity) |
Ally Auto Assets LLC | 48226 | |||||||
500 Woodward Avenue, Detroit, Michigan | (Zip Code) | |||||||
(Address of principal executive offices of the issuing entity) |
(866) 710-4623
(Telephone number, including area code)
1
Registered / reporting pursuant to (Check One)
Title of Class | Section 12(b) | Section 12(g) | Section 15(d) | Name of Exchange | ||||||||||||||||||||||
(If Section 12(b)) | ||||||||||||||||||||||||||
Class A-1 | X | |||||||||||||||||||||||||
Class A-2 | X | |||||||||||||||||||||||||
Class A-3 | X | |||||||||||||||||||||||||
Class A-4 | X | |||||||||||||||||||||||||
Class B | X |
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ý No o
2
PART I — DISTRIBUTION INFORMATION
Item 1. Distribution and Pool Performance Information
Distribution and pool performance information of the asset pool of the issuing entity is set forth in the attached monthly Statement to Securityholder.
Item 1121(c) of Regulation AB. Repurchases and Replacements
No activity to report for the Period from August 1, 2021 to August 31, 2021 as required by Item 1121(c) of Regulation AB.
Date of most recent Form ABS-15G: January 29, 2021
Central Index Key (CIK) of Securitizer: 0001477336
Item 1A. Asset-Level Information
The Servicer on behalf of the Issuing Entity has provided asset-level data for the receivables and filed this information on Form ABS-EE. Form ABS-EE, as filed by the Issuing Entity on the date hereof, is incorporated by reference into this filing on Form 10-D. The Issuing Entity’s CIK number is 0001727820.
Item 1B. Asset Representations Reviewer and Investor Communication
Not Applicable.
PART II — OTHER INFORMATION
Item 2. Legal Proceedings
None.
Item 3. Sales of Securities and Use of Proceeds
None.
Item 4. Defaults Upon Senior Securities
None.
Item 5. Submission of Matters to a Vote of Security Holders
None.
Item 6. Significant Obligors of Pool Assets
None.
Item 7. Change in Sponsor Interest in the Securities
None.
Item 8. Significant Enhancement Provider Information
None.
Item 9. Other Information
None.
Item 10. Exhibits
EXHIBIT NO. | DESCRIPTION | |||||||
99 | ||||||||
102 | ||||||||
103 |
3
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Ally Auto Receivables Trust 2018-1 | ||||||||
(Issuing Entity) | ||||||||
by: Ally Bank | ||||||||
(Servicer, not in its individual capacity but | ||||||||
solely as Servicer on behalf of the Issuing Entity) |
/s/ David J DeBrunner | ||||||||
David J DeBrunner, | ||||||||
Controller and Chief Accounting Officer | ||||||||
Date: September 23, 2021
4
EXHIBIT INDEX
EXHIBIT NUMBER | DESCRIPTION | |||||||
99 | Monthly Statement to Securityholder for the Period from August 1, 2021to August 31, 2021 | |||||||
102 | Asset Data File for the Period from August 1, 2021 to August 31, 2021 (See Exhibit 102 to Form ABS-EE filed by Ally Auto Receivables Trust 2018-1 with the SEC on September 23, 2021, which is incorporated by reference herein). | |||||||
103 | Asset Related Document for the Period from August 1, 2021 to August 31, 2021 (See Exhibit 103 to Form ABS-EE filed by Ally Auto Receivables Trust 2018-1 with the SEC on September 23, 2021, which is incorporated by reference herein). |
5
Statement to Securityholder
Ally Auto Receivables Trust 2018-1
Distribution Information | Deal Information | |||||||
1. Distribution Summary | Deal: | Ally Auto Receivables Trust 2018-1 | ||||||
2. Factor Summary | Asset Type: | Consumer Retail | ||||||
3. Interest Summary | Closing Date: | 1/31/2018 | ||||||
4. Collections and Distributions | Bloomberg Ticker: | ALLYA 2018-1 | ||||||
5. Collateral Summary | Collection Period, Begin: | 8/1/2021 | ||||||
Collection Period, End: | 8/31/2021 | |||||||
6. Charge-Off and Delinquency Rates | Determination Date: | 9/10/2021 | ||||||
Distribution Date: | 9/15/2021 | |||||||
7. Credit Instruments | ||||||||
ABS Investor Relations - Ally Bank as Servicer: | ||||||||
8. Performance Tests | Telephone: | (866) 710-4623 | ||||||
E-Mail: | securitization@ally.com | |||||||
9. Asset Representations Delinquency Triggers | ||||||||
10. Supplemental Disclosures |
The Class C Notes and the Class D Notes have not been registered under the United States Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any other jurisdiction. The Class C Notes and the Class D Notes are not transferable, other than to a qualified institutional buyer (as defined in Rule 144A) or pursuant to another exemption under the Securities Act, and subject to satisfaction of certain other provisions of the Indenture.
During the January 2020 Collection Period the Servicer successfully converted to a new servicing and accounting technology platform for over four million customers, including the Obligors related to the Receivables and activity disclosed in this Statement to Securityholder. The information in this Statement to Securityholder reflects Collection Period activity as impacted by the servicing and accounting technology platform conversion, including the ongoing resolution of a limited conversion backlog with respect to certain servicing activities and the implementation of certain information technology coding changes. |
Page 1 of 8
Statement to Securityholder
Ally Auto Receivables Trust 2018-1
1. Distribution Summary
Class | CUSIP | Initial Note | Beginning Note | Note Rate | Principal | Interest | Pass Through | Total | Principal | Interest | Ending Note | ||||||||||||||||||||||||
Principal Balance | Principal Balance | Distribution | Distribution | Distribution | Distribution | Carryover Shortfall | Carryover Shortfall | Principal Balance | |||||||||||||||||||||||||||
(3) + (4) + (5) = (6) | (1) - (3) - (7) = (9) | ||||||||||||||||||||||||||||||||||
(1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | |||||||||||||||||||||||||||
A-1 | 02007MAC4 | 283,000,000.00 | 0.00 | 1.75000000 | 0.00 | 0.00 | N/A | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||||||
A-2 | 02007MAD2 | 340,000,000.00 | 0.00 | 2.14000000 | 0.00 | 0.00 | N/A | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||||||
A-3 | 02007MAE0 | 340,000,000.00 | 0.00 | 2.35000000 | 0.00 | 0.00 | N/A | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||||||
A-4 | 02007MAF7 | 94,070,000.00 | 41,690,846.35 | 2.53000000 | 9,172,731.94 | 87,898.20 | N/A | 9,260,630.14 | 0.00 | 0.00 | 32,518,114.41 | ||||||||||||||||||||||||
B | 02007MAG5 | 23,520,000.00 | 23,520,000.00 | 2.66000000 | 0.00 | 52,136.00 | N/A | 52,136.00 | 0.00 | 0.00 | 23,520,000.00 | ||||||||||||||||||||||||
C | 02007MAA8 | 19,600,000.00 | 19,600,000.00 | 2.83000000 | 0.00 | 46,223.33 | N/A | 46,223.33 | 0.00 | 0.00 | 19,600,000.00 | ||||||||||||||||||||||||
D | 02007MAB6 | 14,560,000.00 | 14,560,000.00 | 3.22000000 | 0.00 | 39,069.33 | N/A | 39,069.33 | 0.00 | 0.00 | 14,560,000.00 | ||||||||||||||||||||||||
Certificates | N/A | N/A | N/A | N/A | N/A | N/A | 300,205.17 | 300,205.17 | N/A | N/A | N/A | ||||||||||||||||||||||||
Deal Totals | 1,114,750,000.00 | 99,370,846.35 | 9,172,731.94 | 225,326.86 | 300,205.17 | 9,698,263.97 | 0.00 | 0.00 | 90,198,114.41 |
Page 2 of 8
Statement to Securityholder
Ally Auto Receivables Trust 2018-1
2. Factor Summary
(Amount per $1,000 of Original Principal)
Class | Beginning Note Pool Factor | Principal Distribution Factor | Interest Distribution Factor | Total Distribution Factor | Interest Carryover Shortfall Factor | Ending Note Pool Factor | ||||||||||||||
A-1 | 0.0000000 | 0.0000000 | 0.0000000 | 0.0000000 | 0.0000000 | 0.0000000 | ||||||||||||||
A-2 | 0.0000000 | 0.0000000 | 0.0000000 | 0.0000000 | 0.0000000 | 0.0000000 | ||||||||||||||
A-3 | 0.0000000 | 0.0000000 | 0.0000000 | 0.0000000 | 0.0000000 | 0.0000000 | ||||||||||||||
A-4 | 443.1896072 | 97.5096411 | 0.9343914 | 98.4440325 | 0.0000000 | 345.6799661 | ||||||||||||||
B | 1000.0000000 | 0.0000000 | 2.2166667 | 2.2166667 | 0.0000000 | 1000.0000000 | ||||||||||||||
C | 1000.0000000 | 0.0000000 | 2.3583332 | 2.3583332 | 0.0000000 | 1000.0000000 | ||||||||||||||
D | 1000.0000000 | 0.0000000 | 2.6833331 | 2.6833331 | 0.0000000 | 1000.0000000 |
Beginning Aggregate Note Pool Factor: | 89.1418222 | ||||
Ending Aggregate Note Pool Factor: | 80.9133119 | ||||
Beginning Reserve Account Balance Factor: | 1000.0000000 | ||||
Reserve Account Draw, distributed to Noteholders, Factor: | 0.0000000 | ||||
Reserve Account Draw, distributed to Certificateholders, Factor: | 0.0000000 | ||||
Ending Reserve Account Balance Factor: | 1000.0000000 |
Page 3 of 8
Statement to Securityholder
Ally Auto Receivables Trust 2018-1
3. Interest Summary
A. Target Interest Summary
Class | Beginning Note Principal Balance | Interest Accrual Period, Start | Interest Accrual Period, End | Accrual Methodology | Applicable Index | Margin | Fixed | Note Rate | Target Interest Distribution | |||||||||||||||||||||||||||||||||||
A-1 | 0.00 | 8/16/2021 | 9/14/2021 | Actual/360 | N/A | N/A | 1.75000000 | 1.75000000 | 0.00 | |||||||||||||||||||||||||||||||||||
A-2 | 0.00 | 8/16/2021 | 9/14/2021 | 30/360 | N/A | N/A | 2.14000000 | 2.14000000 | 0.00 | |||||||||||||||||||||||||||||||||||
A-3 | 0.00 | 8/16/2021 | 9/14/2021 | 30/360 | N/A | N/A | 2.35000000 | 2.35000000 | 0.00 | |||||||||||||||||||||||||||||||||||
A-4 | 41,690,846.35 | 8/16/2021 | 9/14/2021 | 30/360 | N/A | N/A | 2.53000000 | 2.53000000 | 87,898.20 | |||||||||||||||||||||||||||||||||||
B | 23,520,000.00 | 8/16/2021 | 9/14/2021 | 30/360 | N/A | N/A | 2.66000000 | 2.66000000 | 52,136.00 | |||||||||||||||||||||||||||||||||||
C | 19,600,000.00 | 8/16/2021 | 9/14/2021 | 30/360 | N/A | N/A | 2.83000000 | 2.83000000 | 46,223.33 | |||||||||||||||||||||||||||||||||||
D | 14,560,000.00 | 8/16/2021 | 9/14/2021 | 30/360 | N/A | N/A | 3.22000000 | 3.22000000 | 39,069.33 |
B. Interest Payment Amount Summary
Class | Beginning Unpaid Interest Carryover Shortfall | Target Interest Distribution | Interest Shortfall Amount Allocated/(Repaid) | Actual Interest Distribution (2) - (3) = (4) | Remaining Unpaid Interest Carryover Shortfall (1) + (3) = (5) | |||||||||||||||||||||
(1) | (2) | (3) | (4) | (5) | ||||||||||||||||||||||
A-1 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||
A-2 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||
A-3 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||
A-4 | 0.00 | 87,898.20 | 0.00 | 87,898.20 | 0.00 | |||||||||||||||||||||
B | 0.00 | 52,136.00 | 0.00 | 52,136.00 | 0.00 | |||||||||||||||||||||
C | 0.00 | 46,223.33 | 0.00 | 46,223.33 | 0.00 | |||||||||||||||||||||
D | 0.00 | 39,069.33 | 0.00 | 39,069.33 | 0.00 | |||||||||||||||||||||
Deal Totals | 0.00 | 225,326.86 | 0.00 | 225,326.86 | 0.00 |
Page 4 of 8
Statement to Securityholder
Ally Auto Receivables Trust 2018-1
4. Collections and Distributions
Collections | ||||||||
Receipts During the Period | 9,629,681.40 | |||||||
Administrative Purchase Payments | 90,277.76 | |||||||
Warranty Payments | 0.00 | |||||||
Liquidation Proceeds Including Recoveries (Net of Liquidation Expenses) | 74,744.73 | |||||||
Other Fees or Expenses Paid | 0.00 | |||||||
Total Collections | 9,794,703.89 | |||||||
Beginning Reserve Account Balance | 2,799,433.58 | |||||||
Total Available Amount | 12,594,137.47 | |||||||
Distributions | ||||||||
Total Available Amount | 12,594,137.47 | |||||||
Basic Servicing Fee | 94,939.92 | |||||||
Amounts owing to the Asset Representations Reviewer, Indenture Trustee, and Vote Tabulation Agent in connection with an Asset Representations Review | 0.00 | |||||||
Aggregate Class A Interest Distributable Amount | 87,898.20 | |||||||
First Priority Principal Distributable Amount | 0.00 | |||||||
Aggregate Class B Interest Distributable Amount | 52,136.00 | |||||||
Second Priority Principal Distributable Amount | 0.00 | |||||||
Aggregate Class C Interest Distributable Amount | 46,223.33 | |||||||
Third Priority Principal Distributable Amount | 0.00 | |||||||
Aggregate Class D Interest Distributable Amount | 39,069.33 | |||||||
Fourth Priority Principal Distributable Amount | 0.00 | |||||||
Reserve Account Deposit | 2,799,433.58 | |||||||
Noteholders' Regular Principal Distributable Amount | 9,172,731.94 | |||||||
Indenture Trustee expenses | 0.00 | |||||||
Unpaid Fees due to Owner Trustee, Indenture Trustee, Administrator and Asset Representations Reviewer | 1,500.00 | |||||||
Excess Total Available Amount to the Certificateholders | 300,205.17 | |||||||
Supplemental Servicing Fees | 27,182.30 | |||||||
Other Fees or Expenses Accrued | 0.00 | |||||||
Liquidation Expenses | 3,600.00 |
Page 5 of 8
Statement to Securityholder
Ally Auto Receivables Trust 2018-1
5. Collateral Summary
A. Balances
Original Balance | Beginning Balance | Ending Balance | ||||||||||||
Deal Totals | Number of Receivables | 69,471 | 17,933 | 17,034 | ||||||||||
Aggregate Receivables Principal Balance | 1,119,773,433.38 | 113,927,900.98 | 104,755,169.04 | |||||||||||
Aggregate Amount Financed | 1,119,773,433.38 | 113,927,900.98 | 104,755,169.04 |
There have been no receivables with respect to which material breaches of pool asset representations or warranties or transaction covenants have occurred.
B. Pool Composition - Weighted Averages
Inception | Beginning | Ending | Inception | Beginning | Ending | Inception | Beginning | Ending | |||||||||||||||||||||
Weighted | Weighted | Weighted | Weighted | Weighted | Weighted | Weighted | Weighted | Weighted | |||||||||||||||||||||
Average | Average | Average | Average | Average | Average | Average | Average | Average | |||||||||||||||||||||
Coupon | Coupon | Coupon | Original | Original | Original | Remaining | Remaining | Remaining | |||||||||||||||||||||
Maturity | Maturity | Maturity | Maturity | Maturity | Maturity | ||||||||||||||||||||||||
Deal Totals | 5.88000000 | 6.69498191 | 6.72411916 | 66.13 | 69.31 | 69.44 | 52.68 | 22.03 | 21.34 |
C. Pool Composition - Prepayments
Month | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||||||
Monthly | 1.41 | % | 1.18 | % | 1.42 | % | 1.34 | % | 1.28 | % | 1.25 | % | 1.31 | % | 1.31 | % | 1.00 | % | 1.40 | % | 1.13 | % | 1.15 | % | 1.25 | % | 1.11 | % | 1.23 | % | 1.22 | % | 1.22 | % | 1.01 | % | 1.28 | % | 1.23 | % | ||||||||||||||||||||||
Month | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | ||||||||||||||||||||||||||||||||||||||||||
Monthly | 1.17 | % | 1.22 | % | 1.06 | % | 1.20 | % | 1.13 | % | 1.06 | % | 1.19 | % | 0.92 | % | 0.86 | % | 0.97 | % | 1.05 | % | 1.13 | % | 1.11 | % | 1.21 | % | 1.10 | % | 1.15 | % | 1.20 | % | 0.98 | % | 1.40 | % | 1.25 | % | ||||||||||||||||||||||
Month | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | ||||||||||||||||||||||||||||||||||||||||||
Monthly | 1.18 | % | 1.13 | % | 1.05 | % | 1.08 | % |
Page 6 of 8
Statement to Securityholder
Ally Auto Receivables Trust 2018-1
6. Charge-Off and Delinquency Rates
A. Current
Charge-Off Rate | Delinquency Rate | ||||||||||||||||||||||||||||
Average Aggregate Amount Financed | Number of Units Charged-Off | Net Charge-Offs | Average Net Charge-Offs | Loss Rate | Total Accounts | Accounts over 60 | Percent Delinquent | ||||||||||||||||||||||
Current | 109,341,535.01 | 12 | -4,160.84 | -346.74 | -0.0457 | % | 17,034 | 63 | 0.3698 | % | |||||||||||||||||||
Preceding | 118,677,004.30 | 6 | -51,219.96 | -8,536.66 | -0.5179 | % | 17,933 | 72 | 0.4015 | % | |||||||||||||||||||
Next Preceding | 128,611,314.39 | 21 | 62,367.51 | 2,969.88 | 0.5819 | % | 18,763 | 63 | 0.3358 | % | |||||||||||||||||||
Third Preceding | 139,407,179.38 | 22 | 34,348.97 | 1,561.32 | 0.2957 | % | Three Month Average | 0.3690 | % | ||||||||||||||||||||
Four Month Average | 0.0785 | % |
B. Cumulative
Aggregate Amount | Cumulative Net | Cumulative Loss Rate | Delinquency | Total | Total Balance | Percent | ||||||||||||||||||||
Financed | Charge-Offs | Stratification | Accounts | Delinquent | ||||||||||||||||||||||
Totals | 1,119,773,433.38 | 9,056,084.11 | 0.8087 | % | 31 - 60 days | 240 | 2,009,507.07 | 1.9183 | % | |||||||||||||||||
The information contained in this report is defined or determined in a manner consistent with the prospectus for Ally Auto Receivables | 61 - 90 days | 51 | 467,468.53 | 0.4462 | % | |||||||||||||||||||||
Trust 2018-1 related to delinquencies, charge-offs or uncollectible accounts. | 91 - 120 days | 11 | 46,497.33 | 0.0444 | % | |||||||||||||||||||||
> 120 days | 1 | 2,821.49 | 0.0027 | % | ||||||||||||||||||||||
There have been no material changes in determining delinquencies, charge-offs or uncollectible amounts. | ||||||||||||||||||||||||||
Bankruptcies | Total Accounts | Total Balance | ||||||||||||||||||||||||
Prior Period1 | 252 | 1,830,825.40 | ||||||||||||||||||||||||
Additions | 6 | 68,937.25 | ||||||||||||||||||||||||
1. Total Balance for Prior Period reflects the aggregate balance as of the last day of the related Collection Period. | Removals2 | 11 | 18,257.27 | |||||||||||||||||||||||
2. Removals include bankruptcies returned to active status, bankruptcies paid-in-full, and charge-offs on prior period bankruptcies. | Ending Inventory | 247 | 1,881,505.38 | |||||||||||||||||||||||
7. Credit Instruments
A. Reserve Accounts
Account | Initial Balance | Beginning Balance | ADDITIONS | REDUCTIONS | Ending Balance | Specified Reserve Account Balance | ||||||||||||||||||||||||||
Draws | Releases | |||||||||||||||||||||||||||||||
Cash Reserve | 2,799,433.58 | 2,799,433.58 | 0.00 | 0.00 | 0.00 | 2,799,433.58 | 2,799,433.58 |
Page 7 of 8
Statement to Securityholder
Ally Auto Receivables Trust 2018-1
8. Performance Tests
Event of Default | All Tests Passed | |||||||
Servicer Default | All Tests Passed | |||||||
Asset Representations Review Delinquency Trigger | PASS | |||||||
Overcollateralization Target reached? | YES | |||||||
Initial Overcollateralization | 5,023,433.38 | |||||||
Current Overcollateralization | 14,557,054.63 | |||||||
Overcollateralization Target | 14,557,054.63 |
9. Asset Representations Delinquency Triggers
Period | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | ||||||||||||||||||||||||||||||||||||||||||
Trigger Level | 1.25 | % | 1.25 | % | 1.25 | % | 1.25 | % | 1.25 | % | 1.25 | % | 1.25 | % | 1.25 | % | 1.25 | % | 1.25 | % | 1.25 | % | 1.25 | % | 2.10 | % | 2.10 | % | 2.10 | % | 2.10 | % | 2.10 | % | 2.10 | % | 2.10 | % | 2.10 | % | ||||||||||||||||||||||
61+ Delinquencies | 0.02% | 0.10% | 0.10% | 0.16% | 0.14% | 0.17% | 0.19% | 0.27% | 0.30% | 0.28% | 0.40% | 0.40% | 0.39% | 0.28% | 0.23% | 0.32% | 0.37% | 0.46% | 0.41% | 0.52% | ||||||||||||||||||||||||||||||||||||||||||
Period | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | ||||||||||||||||||||||||||||||||||||||||||
Trigger Level | 2.10 | % | 2.10 | % | 2.10 | % | 2.10 | % | 1.80 | % | 1.80 | % | 1.80 | % | 1.80 | % | 1.80 | % | 1.80 | % | 1.80 | % | 1.80 | % | 1.80 | % | 1.80 | % | 1.80 | % | 1.80 | % | 2.20 | % | 2.20 | % | 2.20 | % | 2.20 | % | ||||||||||||||||||||||
61+ Delinquencies | 0.59% | 0.42% | 0.50% | 0.64% | 0.60% | 0.66% | 0.48% | 0.25% | 0.16% | 0.17% | 0.25% | 0.47% | 0.51% | 0.65% | 0.72% | 0.77% | 0.73% | 0.65% | 0.47% | 0.49% | ||||||||||||||||||||||||||||||||||||||||||
Period | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | ||||||||||||||||||||||||||||||||||||||||||
Trigger Level | 2.20 | % | 2.20 | % | 2.20 | % | 2.20 | % | 2.20 | % | 2.20 | % | 2.20 | % | 2.20 | % | 2.25 | % | 2.25 | % | 2.25 | % | 2.25 | % | 2.25 | % | 2.25 | % | 2.25 | % | 2.25 | % | 2.25 | % | 2.25 | % | 2.25 | % | 2.25 | % | ||||||||||||||||||||||
61+ Delinquencies | 0.42% | 0.44% | 0.52% | 0.49% |
10. Supplemental Disclosures
Number of Receivables extended during the current Collection Period | 65 |
Other than as disclosed above in Section 10 of this Statement to Securityholder, there have been no material modifications, extensions, or waivers relating to the terms of or fees, penalties or payments on, pool assets during the distribution period or that, cumulatively, have become material over time.
This Servicer Certificate relates only to AART 2018-1. This Servicer Certificate should not be relied upon with respect to any other security. The information contained herein is only an indication of past performance and does not predict how AART 2018-1 will perform in the future.
Page 8 of 8
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