Statement to Securityholder. Capital Auto Receivables Asset Trust

Transcription

1 Deal Information 1. Distribution Summary Deal: Asset Type: Consumer Retail 2. Summary 3. Interest Summary Initial Closing Date: 6/26/ Collections and Distributions Bloomberg Ticker: AFIN Collateral Summary 6. Charge-Off and Delinquency Rates Collection Period, Begin: 12/1/2013 Collection Period, End: 12/31/2013 Determination Date: 1/15/2014 Distribution Date: 1/21/ Credit Instruments Revolving/Amortization Period Revolving 8. Accumulation Account ABS Investor Relations - Ally Financial Inc. as Servicer: 9. Performance Tests Telephone: (866) Appendix: Additional Charge-Off Detail securitization@ally.com The Class E 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 E 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. Page 1 of 8

2 1. Distribution Summary Class CUSIP Initial Note Principal Balance Beginning Note Principal Balance Note Rate Principal Distribution Interest Distribution Total Distribution (3) + (4) = (5) Principal Carryover Shortfall Interest Carryover Shortfall Ending Note Principal Balance (1) - (3) - (6) = (8) (1) (2) (3) (4) (5) (6) (7) (8) A AA8 107,000,00 107,000, , , ,000,00 A AB6 143,000,00 143,000, , , ,000,00 A AC4 128,000,00 128,000, , , ,000,00 A AD2 44,410,00 44,410, , , ,410,00 B AE0 22,440,00 22,440, , , ,440,00 C AF7 23,760,00 23,760, , , ,760,00 D AG5 21,120,00 21,120, ,08 58,08 21,120,00 E AH3 18,480,00 18,480, , , ,480,00 Deal Totals 508,210,00 508,210,00 578, , ,210,00 Page 2 of 8

3 2. Summary (Amount per $1,000 of Original Principal) Class Beginning Note Pool Principal Distribution Interest Distribution Total Distribution Interest Carryover Shortfall Ending Note Pool A-1 1, , A-2 1, , A-3 1, , A-4 1, , B 1, , C 1, , D 1, , E 1, , Beginning Aggregate Note Pool : 1, Ending Aggregate Note Pool : 1, Beginning Reserve Account Balance : 1, Reserve Account Draw, distributed to Noteholders, : Reserve Account Draw, distributed to Certificateholders, : Ending Reserve Account Balance : 1, Page 3 of 8

4 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-1 107,000,00 12/20/2013 1/20/ /360 N/A N/A , A-2 143,000,00 12/20/2013 1/20/ /360 N/A N/A , A-3 128,000,00 12/20/2013 1/20/ /360 A-4 44,410,00 12/20/2013 1/20/ /360 N/A N/A N/A N/A , , B 22,440,00 12/20/2013 1/20/ /360 N/A N/A , C 23,760,00 12/20/2013 1/20/ /360 N/A N/A , D 21,120,00 12/20/2013 1/20/ /360 N/A N/A ,08 E 18,480,00 12/20/2013 1/20/ /360 N/A N/A , B. Interest Payment Amount Summary Class Beginning Unpaid Interest Carryover Shortfall Target Interest Distribution Interest Shortfall Amount Allocated/(Repaid) Actual Interest Distribution Remaining Unpaid Interest Carryover Shortfall (2) - (3) = (4) (1) - (3) = (5) (1) (2) (3) (4) (5) A-1 68, , A-2 109, , A-3 132, , A-4 57, , B 36, , C 52, , D 58,08 58,08 E 62, , Deal Totals 578, , Page 4 of 8

5 4. Collections and Distributions Collections Receipts During the Period*** 19,896, Administrative Purchase Payments 93, Warranty Payments Liquidation Proceeds (Recoveries) Less Liquidation Expenses 669, Accumulation Account Investment Earnings 0.46 Other Fees or Expenses Paid Total Collections 20,659, Beginning Reserve Account Balance 2,640, Total Available Amount 23,299, Distributions Total Available Amount 23,299, Basic Servicing Fee 550, Aggregate Class A Interest Distributable Amount 368, First Priority Principal Distributable Amount* Aggregate Class B Interest Distributable Amount 36, Second Priority Principal Distributable Amount* Aggregate Class C Interest Distributable Amount 52, Third Priority Principal Distributable Amount* Aggregate Class D Interest Distributable Amount 58,08 Fourth Priority Principal Distributable Amount* Aggregate Class E Interest Distributable Amount 62, Fifth Priority Principal Distributable Amount* To the Accumulation Account - Parity Reinvestment Amount** To Reserve Account - Specified Reserve Account Balance 2,640, To the Accumulation Account - Excess of Target Reinvestment less Parity Reinvestment Account** 17,855, Noteholders' Regular Principal Distributable Amount Indenture Trustee expenses Excess Total Available Amount to the Certificateholders 1,674, Supplemental Servicing Fees 88, Other Fees or Expenses Accrued Liquidation Expenses 19,20 *Amortization Period Only; **Revolving Period Only; *** Includes amounts on deposit in the Accumulation Account immediately preceding the Distribution Date. Page 5 of 8

6 5. Collateral Summary A. Balances Original Balance *Includes Aggregate Additional Receivables Beginning Balance Balance at End of Collection Period Additions Ending Balance Including Additions Number of Receivables 30,911 28,100 27, ,560 Deal Totals Aggregate Receivables Principal Balance 632,415, ,001, ,154, ,844, ,999, Aggregate Receivables Face Amount 632,415, ,001, ,154, ,844, ,999, 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 Weighted Average Coupon Beginning Weighted Average Coupon Ending Weighted Average Coupon Inception Weighted Average Original Beginning Weighted Average Original Ending Weighted Average Original Inception Weighted Average Remaining Beginning Weighted Average Remaining Ending Weighted Average Remaining Deal Totals C. Pool Composition - Prepayments Month Monthly N/A N/A N/A N/A N/A N/A N/A Month Monthly Month Monthly Page 6 of 8

7 6. Charge-Off and Delinquency Rates A. Current Charge-Off Rate Delinquency Rate Average Receivables Credit Repurchases Loss Rate Total Accounts Accounts over 60 Percent Delinquent Current 519,077, , % 27, % Preceding 519,331, , % 27, % Next Preceding 518,389, , % 26, % Three Month Average % % B. Cumulative Aggregate Amount Financed** Cumulative Net Charge-Offs Cumulative Loss Rate** Delinquency Stratification Total Accounts Total Balance Totals 632,415, ,126, % days ,984, The information contained in this report is defined or determined in a manner consistent with the prospectus for Capital Auto Receivables Asset Trust related to delinquencies, charge-offs or uncollectible accounts. There have been no material changes in determining delinquencies, charge-offs or uncollectible amounts days 156 3,082, > 90 days 49 1,050, ** Note: The value disclosed with respect to the Aggregate Amount Financed and Cumulative Loss Rate include Additional Receivables. Please see Section 10 "Additional Charge-off Detail" for charge-off information disclosed separately with respect to the Initial Receivables and the Aggregate Additional Receivables. 1. Prior Period Bankruptcies reflect currently active accounts. 2. Bankruptcy Inventory Charged Off includes both bankruptcies returned to active status and charge offs on prior period bankruptcies. Bankruptcies Total Accounts Total Balance Prior Period ,908, Current Period , Inventory Charged Off , Ending Inventory 231 4,166, Credit Instruments Reserve Accounts Account Initial Balance Beginning Balance Additions Cash Reserve 2,640, ,640, Draws Reductions Releases Ending Balance Specified Reserve Account Balance 2,640, ,640, Accumulation Account Beginning Balance Investment Earnings Deposits Releases Ending Balance 9, ,846, ,844, , Page 7 of 8

8 9. Performance Tests Event of Default Servicer Default Early Amortization Event Additional Receivables Purchased by Trust? Additional Receivables Criteria Satisfied, If Applicable? Overcollateralization Target Amount Satisfied? Initial Overcollateralization 19,802, Current Overcollateralization 19,800, Overcollateralization Target (Revolving Period) 19,800, Overcollateralization Target (Amortization Period) 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 CARAT 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 CARAT will perform in the future. 10. Appendix: Additional Charge-Off Detail NO NO NO YES YES YES A. Cumulative: Initial Receivables Aggregate Amount Financed Cumulative Net Charge-Offs Cumulative Loss Rate Totals 528,012, ,062, % B. Cumulative: Aggregate Additional Receivables Aggregate Amount Financed Cumulative Net Charge-Offs Cumulative Loss Rate Totals: 104,402, , % Page 8 of 8