Capital Auto Receivables Asset Trust 2004-2 10-K 2004 FY Annual report

Exhibit 99.1

Aggregate Annual Servicing Report
Capital Auto Receivables Asset Trust 2004-2
December 9, 2004 (inception) through December 31, 2004

Original Inputs
Total Pool Balance	$	2,762,157,255.93
Class A-1a Notes Balance	$	220,000,000.00
Class A-1a Notes Rate		3.120	%
Class A-1b Notes Balance	$	657,000,000.00
Class A-1b Notes Rate	One Month LIBOR
Class A-2 Notes Balance	$	740,000,000.00
Class A-2 Notes Rate		3.350	%
Class A-3 Notes Balance	$	558,000,000.00
Class A-3 Notes Rate		3.580	%
Class A-4 Notes Balance	$	240,455,000.00
Class A-4 Notes Rate		3.750	%
Class B Notes Balance	$	97,397,000.00
Class B Notes Rate		3.920	%
Class C Notes Balance	$	32,465,000.00
Class C Notes Rate		4.160	%
Class D Notes Balance	$	25,972,000.00
Class D Notes Rate		5.820	%
Overcollateralization	$	25,974,866.06
Reserve Account Deposit	$	12,986,319.33
Part I. Collections
Receipts During the Period	$	190,796,961.74
Principal on Repurchased Contracts		4,134,794.35
Schedule and Simple Interest Payments Advanced		746,943.12
Schedule Principal Advanced		1,517,221.45
Total Collections For the Period	$	197,195,920.66
Beginning Pool Aggregate Principal Balance	$	2,762,157,255.93
Ending Pool Aggregate Principal Balance	$	2,757,210,265.05
Beginning Aggregate Discounted Principal Balance	$	2,597,263,866.06
Ending Aggregate Discounted Principal Balance	$	2,597,263,866.06

Part II. Distributions to Noteholders and Certificateholders
Total Collections	$	197,195,920.66
Plus: Reserve Account Draw		—
Plus: Net Amount Due From Swap Counterparty		—
Less: Total Servicing Fee		4,603,595.43
Less: Net Amount Due to Swap Counterparty		495,013.00
Less: Monthly Interest Due to Noteholders		8,651,991.88
Less: Reinvestment in New Receivables — Purchase Price		164,687,521.26
Less: Principal Due to Noteholders		—
Less: Reserve Account Deposit		983.36
Less: Accumulation Account Deposit		579,272.32
Equals Reserve Fund Excess to be released to CARI	$	18,177,543.41
			Per $1000 of
			Original Principal
Class A-1a Notes Distributable Amount
Monthly Interest	$	705,466.67		3.206667
Monthly Principal		—		—
Distributable Amount	$	705,466.67
Class A-1b Notes Distributable Amount
Monthly Interest	$	1,732,217.00		2.636556
Monthly Principal		—		—
Distributable Amount	$	1,732,217.00
Class A-2 Notes Distributable Amount
Monthly Interest	$	2,547,861.11		3.443056
Monthly Principal		—		—
Distributable Amount	$	2,547,861.11
Class A-3 Notes Distributable Amount
Monthly Interest	$	2,053,130.00		3.679444
Monthly Principal		—		—
Distributable Amount	$	2,053,130.00
Class A-4 Notes Distributable Amount
Monthly Interest	$	926,753.65		3.854167
Monthly Principal		—		—
Distributable Amount	$	926,753.65
Class B Notes Distributable Amount
Monthly Interest	$	392,401.69		4.028889
Monthly Principal		—		—
Distributable Amount	$	392,401.69
Class C Notes Distributable Amount
Monthly Interest	$	138,805.91		4.275556
Monthly Principal		—		—
Distributable Amount	$	138,805.91
Class D Notes Distributable Amount
Monthly Interest	$	155,355.85		5.981667
Monthly Principal		—		—
Distributable Amount	$	155,355.85
Total Servicing Fee	$	4,603,595.43		1.666667

Part III. Reinvestment in New Receivables
Principal Distributable Amount	$	165,266,793.58
Plus: Prior Month Accumulation Amount		—
Equals: Required Reinvestment Amount	$	165,266,793.58
Additional Receivables Principal Balance	$	164,687,521.26
Remaining Amount	$	579,272.32
(to be deposited in the Accumulation Account)
Part IV. Payment Ahead and Advances
Payment Ahead Servicing Account
Beginning Payment Ahead Balance	$	2,552,825.62
Less: Payments Applied		1,790,408.57
Current Period Payments Ahead Received		2,958,137.67
Ending Payment Ahead Balance	$	3,720,554.72
Advance Account
Beginning Outstanding Unreimbursed Scheduled Principal and Interest Advances	$	—
Beginning Outstanding Unreimbursed Simple Interest Advances	$	—
Scheduled Principal and Interest Advances		1,784,664.07
Simple Interest Advances		479,500.50
Reimbursement of Previous Scheduled Principal and Interest Advances		479,739.14
Reimbursement of Previous Simple Interest Advances		—
Ending Outstanding Unreimbursed Scheduled Principal and Interest Advances	$	1,304,924.93
Ending Outstanding Unreimbursed Simple Interest Advances	$	479,500.50
Part V. Balances & Principal Factors
	Beginning of Period		End of Period
Total Pool Balance	$	2,762,157,255.93	$	2,757,210,265.05
Total Pool Factor		1.0000000		0.9982090
Class A-1a Notes Balance	$	220,000,000.00	$	220,000,000.00
Class A-1a Notes Principal Factor		1.0000000		1.0000000
Class A-1b Notes Balance	$	657,000,000.00	$	657,000,000.00
Class A-1b Notes Principal Factor		1.0000000		1.0000000
Class A-2 Notes Balance	$	740,000,000.00	$	740,000,000.00
Class A-2 Notes Principal Factor		1.0000000		1.0000000
Class A-3 Notes Balance	$	558,000,000.00	$	558,000,000.00
Class A-3 Notes Principal Factor		1.0000000		1.0000000
Class A-4 Notes Balance	$	240,455,000.00	$	240,455,000.00
Class A-4 Notes Principal Factor		1.0000000		1.0000000
Class B Notes Balance	$	97,397,000.00	$	97,397,000.00
Class B Notes Principal Factor		1.0000000		1.0000000
Class C Notes Balance	$	32,465,000.00	$	32,465,000.00
Class C Notes Principal Factor		1.0000000		1.0000000
Class D Notes Balance	$	25,972,000.00	$	25,972,000.00
Class D Notes Principal Factor		1.0000000		1.0000000
Overcollateralization	$	25,974,866.06	$	25,974,866.06

Part VI. Reserve Account
				Per $1000 of
				Original Principal
Beginning Reserve Account Balance	$	12,986,319.33
Draw for Servicing Fee		—			—
Draw for Class A-1a Notes Distributable Amount		—			—
Draw for Class A-1b Notes Distributable Amount		—			—
Draw for Class A-2 Notes Distributable Amount		—			—
Draw for Class A-3 Notes Distributable Amount		—			—
Draw for Class A-4 Notes Distributable Amount		—			—
Draw for Class B Notes Distributable Amount		—			—
Draw for Class C Notes Distributable Amount		—			—
Draw for Class D Notes Distributable Amount		—			—
Additions to Reserve Account (for Accumulation Account)		983.36			0.075723
Additions to Reserve Account		—			—
Releases from Reserve Account		—			—
Ending Reserve Account Balance	$	12,987,302.69
Early Amortization Trigger:
Reserve Account Balance is less than the Specified Reserve Account Balance for Two Consecutive Months
Preceding Collection Period
Specified Reserve Account Balance	$	12,986,319.33
Reserve Account Balance	$	12,986,319.33
Current Collection Period
Specified Reserve Account Balance	$	12,987,302.69
Reserve Account Balance	$	12,987,302.69
Part VII. Accumulation Account
Beginning Accumulation Account Balance	$	—
Accumulation Account Interest		—
Release of Accumulated Balance		—
Deposit to Accumulation Account		579,272.32
Ending Accumulation Account Balance	$	579,272.32
Early Amortization Trigger:
Accumulation Account exceeds 1.00% of the Initial Aggregate Discounted Principal Balance
Accumulation Account as a % of Initial Aggregate Discounted Principal Balance		0.0223	%
Part VIII. Carryover Shortfall
				Per $1000 of
				Original Principal
Noteholders’ Interest Carryover Shortfall	$	—			—
Noteholders’ Principal Carryover Shortfall	$	—			—
Part IX. Charge Off and Delinquency Rates

Charge Off Rate	Average Receivables		Credit Repurchases		Loss Rate
November 2004	$	2,762,157,255.93	$	—		0.0000	%
December 2004	$	2,672,136,967.32	$	48,765.58		0.0219	%
Two Month Average Loss Rate						0.0109	%
Delinquency Rate	Total Accounts		Accounts Over 60		% Delinquent
November 2004		156,989		26		0.0166	%
December 2004		152,940		443		0.2897	%
Two Month Average Delinquency Rate						0.1531	%

Part X. Prepayment Rate

Month	Prepayment Rate
	%
1 through 12	Revolving Period