Exhibit 99.2
THE RECEIVABLES POOL
General
For the criteria applicable to the selection of the receivables, see “The Receivables Pool- Criteria Applicable to the Selection of Receivables” in the prospectus. For the underwriting criteria related to the receivables, see “Acquisition and Underwriting” in the prospectus. For a description of the representations and warranties and repurchase obligations regarding the receivables, see “The Transfer Agreements and the Servicing Agreements-Sale and Assignment of Receivables” in the prospectus.
The following tables describe the pool of receivables as of August 31, 2018 (the “updated pool date”).
Each of the percentages and averages in the tables is computed on the basis of the amount financed of each receivable as of the updated pool date. The “Weighted Average Annual Percentage Rate of all Receivables in Pool” and “Weighted Average Annual Percentage Rate ofNon-Subvented Receivables in Pool” in the following table are based on weighting by amount financed and remaining term of each receivable, each as of the updated pool date. The “Weighted Average Original Maturity” in the following table is based on weighting by original undiscounted principal balance of each receivable as of its date of origination. “Loan-to-Value Ratio” with respect to a receivable means the original undiscounted principal balance divided by the estimated vehicle value, multiplied by 100. The estimated vehicle value for a new vehicle is the dealer invoice cost of the vehicle. The estimated vehicle value for a used vehicle is the value received by Ally Financial or Ally Bank from the dealer, independently validated by Ally Financial or Ally Bank, based on a market guide, such as Blackbook, indicating the value of the vehicle and the source from which that value was determined. “Weighted AverageLoan-to-Value Ratio” is based on a weighting by original undiscounted principal balance of each receivable as of its date of origination. A FICO score is a measurement designed by Fair, Isaac & Company and calculated by the major credit bureaus using collected information to assess credit risk. “Weighted Average FICO Score” is based on a weighting by original undiscounted principal balance of each receivable as of the updated pool date and excludes receivables with respect to which the obligor is a business account and receivables for which no FICO score is available. Of the 5,137 FICO scores excluded from the Weighted Average FICO Score, 5,064 or 98.58%, are business accounts and the remaining 73 or 1.42%, are accounts for which FICO scores are unavailable. In the table “Distribution of the Receivables Pool by FICO Score,” those excluded accounts make up the “Business Accounts and Unavailable” category. Percentages may not equal 100.00% due to rounding.
Composition of the Receivables Pool—(Total: New and Used) as of August 31, 2018
Aggregate Amount Financed | $ | 537,640,787.96 | ||
Number of Contracts in Pool | 45,199 | |||
Average Amount Financed | $ | 11,894.97 | ||
Weighted Average FICO Score | 735.84 | |||
Weighted AverageLoan-to-Value Ratio | 94.29 | |||
Weighted Average Annual Percentage Rate of all Receivables in Pool | 5.49 | % | ||
Weighted Average Annual Percentage Rate ofNon-Subvented Receivables in Pool | 5.65 | % | ||
Discount Rate Applied to Receivables in Pool with Annual Percentage Rates at or below | 0.00 | % | ||
Weighted Average Original Maturity (in months) | 66.62 | |||
Weighted Average Remaining Maturity (in months) (Range) | 39.69 | |||
(1 to 72 Months | ) | |||
Percentage of New Cars and Light Trucks in Pool | 69.83 | % | ||
Percentage of Used Cars and Light Trucks in Pool | 30.17 | % | ||
Percentage of Cars in Pool | 33.19 | % | ||
Percentage of Light Trucks in Pool | 66.81 | % | ||
Percentage of Subvented Receivables in Pool | 3.67 | % | ||
Percentage ofNon-Subvented Receivables in Pool | 96.33 | % |
Composition of the Receivables Pool—(New) as of August 31, 2018
Aggregate Amount Financed | $ | 375,447,380.02 | ||
Number of Contracts in Pool | 26,364 | |||
Average Amount Financed | $ | 14,240.91 | ||
Weighted Average FICO Score | 741.64 | |||
Weighted AverageLoan-to-Value Ratio | 88.20 | |||
Weighted Average Annual Percentage Rate of all Receivables in Pool | 4.91 | % | ||
Weighted Average Annual Percentage Rate ofNon-Subvented Receivables in Pool | 5.11 | % | ||
Weighted Average Original Maturity (in months) | 66.36 | |||
Weighted Average Remaining Maturity (in months) (Range) | 39.82 | |||
(1 to 72 Months | ) | |||
Percentage of Subvented Receivables in Pool | 5.23 | % | ||
Percentage ofNon-Subvented Receivables in Pool | 94.77 | % |
Composition of the Receivables Pool—(Used) as of August 31, 2018
Aggregate Amount Financed | $ | 162,193,407.94 | ||
Number of Contracts in Pool | 18,835 | |||
Average Amount Financed | $ | 8,611.28 | ||
Weighted Average FICO Score | 723.81 | |||
Weighted AverageLoan-to-Value Ratio | 108.53 | |||
Weighted Average Annual Percentage Rate of all Receivables in Pool | 6.85 | % | ||
Weighted Average Annual Percentage Rate ofNon-Subvented Receivables in Pool | 6.85 | % | ||
Weighted Average Original Maturity (in months) | 67.24 | |||
Weighted Average Remaining Maturity (in months) (Range) | 39.38 | |||
(1 to 68 Months | ) | |||
Percentage of Subvented Receivables in Pool | 0.08 | % | ||
Percentage ofNon-Subvented Receivables in Pool | 99.92 | % |
Distribution of the Receivables Pool by Annual Percentage Rate—Aggregate as of August 31, 2018
Annual Percentage Rate Range | Number of Contracts | Aggregate Amount Financed | Percentage of Aggregate Amount Financed | |||||||||
0.00% to 1.00% | 1,452 | $ | 16,133,783.07 | 3.00 | % | |||||||
1.01% to 2.00% | 216 | $ | 2,656,184.41 | 0.49 | % | |||||||
2.01% to 3.00% | 6,436 | $ | 78,575,024.71 | 14.61 | % | |||||||
3.01% to 4.00% | 8,018 | $ | 97,586,602.04 | 18.15 | % | |||||||
4.01% to 5.00% | 7,163 | $ | 84,910,640.21 | 15.79 | % | |||||||
5.01% to 6.00% | 6,402 | $ | 78,950,858.31 | 14.68 | % | |||||||
6.01% to 7.00% | 5,311 | $ | 64,653,181.25 | 12.03 | % | |||||||
7.01% to 8.00% | 3,768 | $ | 43,809,517.39 | 8.15 | % | |||||||
8.01% to 9.00% | 2,492 | $ | 29,447,666.86 | 5.48 | % | |||||||
9.01% to 10.00% | 1,710 | $ | 18,761,061.81 | 3.49 | % | |||||||
10.01% to 11.00% | 1,068 | $ | 11,409,008.07 | 2.12 | % | |||||||
11.01% to 12.00% | 645 | $ | 6,469,062.96 | 1.20 | % | |||||||
12.01% to 13.00% | 319 | $ | 2,922,899.73 | 0.54 | % | |||||||
13.01% to 14.00% | 122 | $ | 881,125.33 | 0.16 | % | |||||||
14.01% to 15.00% | 52 | $ | 354,360.68 | 0.07 | % | |||||||
15.01% to 16.00% | 17 | $ | 81,675.66 | 0.02 | % | |||||||
16.01% to 17.00% | 7 | $ | 33,830.79 | 0.01 | % | |||||||
17.01% to 18.00% | 1 | $ | 4,304.68 | 0.00 | % | |||||||
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Total | 45,199 | $ | 537,640,787.96 | 100.00 | % | |||||||
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Distribution of the Receivables Pool by State as of August 31, 2018
The pool of receivables includes receivables originated in all 50 states and the District of Columbia. The following table sets forth the percentage of the aggregate amount financed in the states with the largest concentration of receivables. No other state accounts for more than 3.48% of the aggregate amount financed. Management believes that there are no factors unique to any state or region in which 10% or more of the receivables are located that may materially impact the trust’s ability to pay principal and interest on the notes. The following breakdown by state is based on the billing addresses of the obligors on the receivables:
State | Percentage of Aggregate Amount Financed | |||
Texas | 12.39 | % | ||
California | 9.66 | % | ||
Florida | 8.53 | % | ||
Pennsylvania | 5.26 | % | ||
Illinois | 5.21 | % | ||
North Carolina | 3.63 | % |
Distribution of the Receivables Pool byLoan-to-Value Ratio as of August 31, 2018
Loan-to-Value Ratio | Number of Contracts | Average Original Amount Financed | Average Original Estimated Vehicle Value | Percentage of Contracts | ||||||||||||
Less than 80 | 12,886 | $ | 20,524.20 | $ | 33,851.66 | 28.51 | % | |||||||||
80 to 90 | 6,654 | $ | 24,110.71 | $ | 28,308.55 | 14.72 | % | |||||||||
91 to 100 | 7,035 | $ | 24,986.48 | $ | 26,185.67 | 15.56 | % | |||||||||
101 to 110 | 6,317 | $ | 24,137.71 | $ | 22,954.64 | 13.98 | % | |||||||||
111 to 120 | 4,727 | $ | 22,031.64 | $ | 19,126.82 | 10.46 | % | |||||||||
121 to 130 | 3,743 | $ | 20,206.66 | $ | 16,112.08 | 8.28 | % | |||||||||
131 to 140 | 2,527 | $ | 19,206.09 | $ | 14,232.13 | 5.59 | % | |||||||||
141 to 150 | 1,265 | $ | 17,019.83 | $ | 11,734.75 | 2.80 | % | |||||||||
Greater than 150 | 45 | $ | 17,862.61 | $ | 11,349.13 | 0.10 | % | |||||||||
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Total | 45,199 | 100.00 | % | |||||||||||||
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Distribution of the Receivables Pool by FICO Score as of August 31, 2018
FICO Band | Number of Contracts | Aggregate Amount Financed | Percentage of Aggregate Amount Financed | |||||||||
Business Accounts and Unavailable | 5,137 | $ | 56,918,646.75 | 10.59 | % | |||||||
Less than 650 | — | — | — | |||||||||
651 - 675 | 6,342 | $ | 76,688,428.88 | 14.26 | % | |||||||
676 - 700 | 8,455 | $ | 102,810,443.85 | 19.12 | % | |||||||
701 - 725 | 5,665 | $ | 70,187,011.39 | 13.05 | % | |||||||
726 - 750 | 4,304 | $ | 52,609,892.80 | 9.79 | % | |||||||
751 - 775 | 3,439 | $ | 42,176,132.81 | 7.84 | % | |||||||
776 - 800 | 3,556 | $ | 42,753,493.93 | 7.95 | % | |||||||
801 - 825 | 4,475 | $ | 51,770,096.33 | 9.63 | % | |||||||
826 - 850 | 2,957 | $ | 32,513,526.71 | 6.05 | % | |||||||
851 - 875 | 793 | $ | 8,427,156.99 | 1.57 | % | |||||||
876 - 900 | 76 | $ | 785,957.52 | 0.15 | % | |||||||
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Total | 45,199 | $ | 537,640,787.96 | 100.00 | % | |||||||
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Distribution of the Receivables Pool by Original Term as of August 31, 2018
Original Term (Months) | Number of Contracts | Aggregate Amount Financed | Percentage of Aggregate Amount Financed | |||||||||
60 and less | 16,517 | $ | 155,898,928.63 | 29.00 | % | |||||||
61 to 72 | 22,957 | $ | 321,391,612.76 | 59.78 | % | |||||||
73 to 75 | 5,725 | $ | 60,350,246.57 | 11.23 | % | |||||||
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Total | 45,199 | $ | 537,640,787.96 | 100.00 | % | |||||||
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Distribution of the Receivables Pool by Vehicle Make as of August 31, 2018
Vehicle Make | Percentage of Aggregate Amount Financed | |||
Chevrolet | 34.89 | % | ||
GMC | 8.53 | % | ||
Ford | 7.72 | % | ||
Jeep | 7.21 | % | ||
Ram | 5.15 | % | ||
Nissan | 4.67 | % | ||
Dodge | 4.48 | % | ||
Kia | 3.41 | % | ||
Hyundai | 3.36 | % | ||
Mitsubishi | 3.20 | % |
No other vehicle make accounts for more than 3.13% of the aggregate amount financed.
Distribution of the Receivables Pool by Vehicle Model as of August 31, 2018
Vehicle Model | Percentage of Aggregate Amount Financed | |||
Silverado | 11.58 | % | ||
Sierra | 4.15 | % | ||
Ram Pickup | 3.81 | % | ||
Equinox | 3.69 | % | ||
Grand Cherokee | 2.93 | % | ||
Malibu | 2.75 | % | ||
Cruze | 2.69 | % | ||
Wrangler | 1.99 | % | ||
Express | 1.89 | % | ||
Traverse | 1.65 | % |
No other vehicle model accounts for more than 1.55% of the aggregate amount financed.