Capital Auto Receivables 10-K 2003 FY Annual report

Exhibit 99.1

Aggregate Annual Servicing Report
Capital Auto Receivables Asset Trust 2003-2
June 11, 2003 (inception) through December 31, 2003

Original Inputs
Total Pool Balance	$	3,340,006,891.76
Class A-1 Notes Balance	$	755,000,000.00
Class A-1 Notes Rate	One Month LIBOR+.06%
Class A-2a Notes Balance	$	230,000,000.00
Class A-2a Notes Rate		1.200	%
Class A-2b Notes Balance	$	342,000,000.00
Class A-2b Notes Rate	One Month LIBOR+.02%
Class A-3a Notes Balance	$	450,000,000.00
Class A-3a Notes Rate		1.440	%
Class A-3b Notes Balance	$	636,000,000.00
Class A-3b Notes Rate	One Month LIBOR+.04%
Class A-4a Notes Balance	$	250,000,000.00
Class A-4a Notes Rate		1.960	%
Class A-4b Notes Balance	$	255,400,000.00
Class A-4b Notes Rate	One Month LIBOR+.06%
Class B Certificates Balance	$	90,261,344.19
Class B Certificates Rate	One Month LIBOR+.28%
Reserve Account Deposit	$	45,129,920.16
Part I. Collections
Receipts During the Period	$	837,273,232.32
Principal on Repurchased Contracts		31,971,235.69
Schedule and Simple Interest Payments Advanced		617,570.33
Schedule Principal Advanced		2,715,672.84
Total Collections For the Period	$	872,577,711.18
Beginning Pool Aggregate Principal Balance	$	3,340,006,891.76
Ending Pool Aggregate Principal Balance	$	2,494,635,215.88
Scheduled Principal Collection	$	787,134,245.65
Beginning Aggregate Discounted Principal Balance	$	3,008,661,344.19
Ending Aggregate Discounted Principal Balance	$	2,277,827,953.98

Part II. Distributions to Noteholders and Certificateholders
Total Collections	$	872,577,711.18
Plus: Reserve Account Draw		10,962,500.85
Plus: Net Amount Due From Swap Counterparty		—
Less: Total Servicing Fee		32,378,214.78
Less: Net Amount Due to Swap Counterparty		2,389,622.95
Less: Monthly Interest Due to Noteholders & Certificateholders		21,070,177.11
Less: Principal Due to Noteholders		730,833,390.21
Less: Principal Due to Certificateholders		—
Less: Reserve Account Deposit		—
Equals Reserve Fund Excess to be released to CARI	$	96,868,806.98

			Per $1000 of
			Original Principal
Class A-1 Notes Distributable Amount
Monthly Interest	$	3,045,823.05		4.034203
Monthly Principal		730,833,390.21		967.991245
Distributable Amount	$	733,879,213.26
Class A-2a Notes Distributable Amount
Monthly Interest	$	1,640,666.67		7.133333
Monthly Principal		—		—
Distributable Amount	$	1,640,666.67
Class A-2b Notes Distributable Amount
Monthly Interest	$	2,412,674.91		7.054605
Monthly Principal		—		—
Distributable Amount	$	2,412,674.91
Class A-3a Notes Distributable Amount
Monthly Interest	$	3,852,000.00		8.560000
Monthly Principal		—		—
Distributable Amount	$	3,852,000.00
Class A-3b Notes Distributable Amount
Monthly Interest	$	4,563,755.45		7.175716
Monthly Principal		—		—
Distributable Amount	$	4,563,755.45
Class A-4a Notes Distributable Amount
Monthly Interest	$	2,912,777.76		11.404768
Monthly Principal		—		—
Distributable Amount	$	2,912,777.76
Class A-4b Notes Distributable Amount
Monthly Interest	$	1,863,609.67		7.296827
Monthly Principal		—		—
Distributable Amount	$	1,863,609.67
Class B Certificates Distributable Amount
Monthly Interest	$	778,869.60		8.629049
Monthly Principal		—		—
Distributable Amount	$	778,869.60
Total Servicing Fee	$	32,378,214.78		9.694056

Part III. Payment Ahead and Advances

Payment Ahead Servicing Account
Beginning Payment Ahead Balance	$	1,390,822.74
Less: Payments Applied		3,517,221.56
Current Period Payments Ahead Received		3,564,741.45
Ending Payment Ahead Balance	$	1,438,342.63
Advance Account
Beginning Outstanding Unreimbursed Scheduled Principal and Interest Advances	$	—
Beginning Outstanding Unreimbursed Simple Interest Advances	$	—
Scheduled Principal and Interest Advances		3,064,400.54
Simple Interest Advances		268,842.63
Reimbursement of Previous Scheduled Principal and Interest Advances		2,118,809.62
Reimbursement of Previous Simple Interest Advances		237,000.97
Ending Outstanding Unreimbursed Scheduled Principal and Interest Advances	$	945,590.92
Ending Outstanding Unreimbursed Simple Interest Advances	$	31,841.66

Part IV. Balances & Principal Factors

	June 11, 2003		December 31, 2003
Total Pool Balance	$	3,340,006,891.76	$	2,494,635,215.88
Total Pool Factor		1.0000000		0.7468952
Class A-1 Notes Balance	$	755,000,000.00	$	24,166,609.79
Class A-1 Notes Principal Factor		1.0000000		0.0320088
Class A-2a Notes Balance	$	230,000,000.00	$	230,000,000.00
Class A-2a Notes Principal Factor		1.0000000		1.0000000
Class A-2b Notes Balance	$	342,000,000.00	$	342,000,000.00
Class A-2b Notes Principal Factor		1.0000000		1.0000000
Class A-3a Notes Balance	$	450,000,000.00	$	450,000,000.00
Class A-3a Notes Principal Factor		1.0000000		1.0000000
Class A-3b Notes Balance	$	636,000,000.00	$	636,000,000.00
Class A-3b Notes Principal Factor		1.0000000		1.0000000
Class A-4a Notes Balance	$	250,000,000.00	$	250,000,000.00
Class A-4a Notes Principal Factor		1.0000000		1.0000000
Class A-4b Notes Balance	$	255,400,000.00	$	255,400,000.00
Class A-4b Notes Principal Factor		1.0000000		1.0000000
Class B Certificates Balance	$	90,261,344.19	$	90,261,344.19
Class B Certificates Principal Factor		1.0000000		1.0000000

Part V. Reserve Account

			Per $1000 of
			Original Principal
Beginning Reserve Account Balance	$	45,129,920.16
Draw for Servicing Fee		—		—
Draw for Class A-1 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 Certificates Distributable Amount		—		—
Additions to Reserve Account		—
Releases from Reserve Account		10,962,500.85		242.909821
Ending Reserve Account Balance	$	34,167,419.31
Reserve Account Floor	$	22,564,960.08

Part VI. Carryover Shortfall

			Per $1000 of
			Original Principal
Noteholders’ Interest Carryover Shortfall	$	—		—
Noteholders’ Principal Carryover Shortfall	$	—		—
Certificateholders’ Interest Carryover Shortfall	$	—		—
Certificateholders’ Principal Carryover Shortfall	$	—		—

Part VII. Charge Off and Delinquency Rates

Charge Off Rate	Average Receivables		Credit Repurchases		Loss Rate
May	$	3,297,030,544.65	$	—		0.000000
June	$	3,198,273,562.89	$	8,490.98		0.003186
July	$	3,086,110,263.82	$	161,985.71		0.062986
August	$	2,975,267,202.35	$	324,709.19		0.130963
September	$	2,864,712,559.09	$	468,246.81		0.196144
October	$	2,752,686,727.60	$	468,668.56		0.204310
November	$	2,649,305,984.43	$	395,077.66		0.178950
December	$	2,548,246,021.21	$	640,333.21		0.301541
Average Loss Rate						0.134760

Delinquency Rate	Total Accounts		Accounts over 60	% Delinquent
May		154,396	63		0.040804
June		152,828	140		0.091606
July		151,043	215		0.142344
August		149,121	198		0.132778
September		147,244	183		0.124284
October		145,223	226		0.155623
November		143,520	211		0.147018
December		141,409	235		0.166185
Average Delinquency Rate					0.125080

Part VIII. Prepayment Rate

Month	Prepayment Rate
	%
1		0.17
2		0.98
3		1.07
4		0.99
5		1.16
6		1.21
7		0.67
8		1.16