Exhibit 99

                                DAIMLERCHRYSLER

                                $1,000,000,000

                      DAIMLERCHRYSLER MASTER OWNER TRUST
                                    Issuer

       Floating Rate Auto Dealer Loan Asset Backed Notes, Series 2004-A,
                             due January 15, 2009

               DAIMLERCHRYSLER WHOLESALE RECEIVABLES LLC, Seller

             DAIMLERCHRYSLER SERVICES NORTH AMERICA LLC, Servicer

                              Subject to Revision
                       Term Sheet dated January 7, 2004

     The information contained in the attached materials is referred to as the
"Information."

     The attached Term Sheet has been prepared by DaimlerChrysler Services
North America LLC ("DCS"). Neither Citigroup Global Markets Inc. ("Citigroup")
nor any of its affiliates makes any representation as to the accuracy or
completeness of the Information herein. The Information contained herein is
preliminary and will be superseded by the applicable prospectus supplement and
by any other information subsequently filed with the Securities and Exchange
Commission.

     The Information contained herein will be superseded by the description of
the collateral pool contained in the prospectus supplement relating to the
securities.

     The Information addresses only certain aspects of the applicable
securities' characteristics and thus does not provide a complete assessment.
As such, the Information may not reflect the impact of all structural
characteristics of the securities. The assumptions underlying the Information,
including structure and collateral, may be modified from time to time to
reflect changed circumstances.

     Although a registration statement (including the prospectus) relating to
the securities discussed in this communication has been filed with the
Securities and Exchange Commission and is effective, the final prospectus
supplement relating to the securities discussed in this communication has not
been filed with the Securities and Exchange Commission. This communication
shall not constitute an offer to sell or the solicitation of an offer to buy
nor shall there be any offer or sale of the securities discussed in this
communication in any state in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
any such state. Prospective purchasers are referred to the final prospectus
and prospectus supplement (together, the "Offering Document") relating to the
securities discussed in this communication for definitive Information on any
matter discussed in this communication. Any investment decision should be
based only on the data in Offering Document and the then current version of
the Information. The Offering Document contains data that is current as of its
publication date and after publication may no longer be complete or current. A
copy of the Offering Document may be obtained by contacting the Citigroup
Syndicate Desk at (212) 723-6171.

     Citigroup is not acting as your advisor or agent. Therefore, prior to
entering into any transaction, you should determine, without reliance upon
Citigroup or its affiliates, the economic risks and merits, as well as the
legal, tax and accounting characterizations and consequences of the
transaction, and independently determine that you are able to assume these
risks. In this regard, by acceptance of these materials, you acknowledge that
you have been advised that (a) Citigroup is not in the business of providing
legal, tax or accounting advice, (b) you understand that there may be legal,
tax or accounting risks associated with the transaction, (c) you should
receive legal, tax and accounting advice from advisors with appropriate
expertise to assess relevant risks, and (d) you should apprise senior
management in your organization as to the legal, tax and accounting advice
(and, if applicable, risks) associated with this transaction and Citigroup's
disclaimers as to these matters.







- -----------------------------------------------------------------------------------------------------------

                                          Summary of Series Terms

- -----------------------------------------------------------------------------------------------------------


Parties

             ----------------------------------------------------------------------------------------------

                         Party                                Description

             ----------------------------------------------------------------------------------------------

                                            
               Issuer                             o  DaimlerChrysler Master Owner Trust

             ----------------------------------------------------------------------------------------------

               Seller                             o  DaimlerChrysler Wholesale Receivables LLC ("DCWR"),
                                                     an indirectly owned subsidiary of DaimlerChrysler
                                                     Services North America LLC ("DCS")

                                                  o  DCWR's executive offices are located at 27777 Inkster
                                                     Road, Farmington Hills, Michigan 48334, and its
                                                     telephone number is (248) 427-2625

             ----------------------------------------------------------------------------------------------

               Servicer                           o  DCS, a wholly owned subsidiary of DaimlerChrysler
                                                     Corporation ("DaimlerChrysler")

             ----------------------------------------------------------------------------------------------

               Indenture trustee                  o  The Bank of New York

             ----------------------------------------------------------------------------------------------

               Owner trustee for the issuer       o  Chase Manhattan Bank USA, National Association

             ----------------------------------------------------------------------------------------------

               CARCO receivables trust            o  CARCO Auto Loan Master Trust

                                                  o  Owns the receivables and has issued the
                                                     collateral certificate to the issuer

             ----------------------------------------------------------------------------------------------



Title of Securities

         Floating Rate Auto Dealer Loan Asset Backed Notes, Series 2004-A (the
"Series 2004-A notes").


                                      2





The Issuer's Primary Asset - the Collateral Certificate

     The issuer's primary asset is the collateral certificate. The collateral
certificate is an investor certificate issued by the CARCO receivables trust
and represents an allocable interest in a pool of receivables arising from
revolving floorplan financing agreements of selected motor vehicle dealers.
The issuer's primary source of funds to make payments on the Series 2004-A
notes will be the distributions received on the collateral certificate.
However, only the portion of those distributions that are allocated to Series
2004-A will be available to make payments on the Series 2004-A notes. The
Series 2004-A noteholders will not have any recourse to any other assets of
the issuer or any other person for payments on the Series 2004-A notes.
Distributions on the collateral certificate that are allocated to other series
of notes will only be available to make payments on the Series 2004-A notes
under certain limited circumstances.


Stated Principal Amount; Nominal Liquidation Amount


          -------------------------------------------------------------------------------------

                                                                      
            Stated principal amount of
               Series 2004-A notes.................................         $1,000,000,000

          -------------------------------------------------------------------------------------

            Initial nominal liquidation amount of
               Series 2004-A notes.................................         $1,000,000,000

          -------------------------------------------------------------------------------------

            Initial Series 2004-A

               overcollateralization amount........................            $98,901,099

          -------------------------------------------------------------------------------------

            Initial Series 2004-A

               nominal liquidation amount..........................         $1,098,901,099

          -------------------------------------------------------------------------------------


     The Series 2004-A nominal liquidation amount will equal the portion of
the invested amount of the collateral certificate allocated to Series 2004-A.
The Series 2004-A notes are secured only by that portion of the collateral
certificate that corresponds to the Series 2004-A nominal liquidation amount.
The Series 2004-A nominal liquidation amount will be equal to the sum of (i)
the nominal liquidation amount of the Series 2004-A notes (initially,
$1,000,000,000) and (ii) the Series 2004-A overcollateralization amount
(initially, $98,901,099). The Series 2004-A nominal liquidation amount, the
nominal liquidation amount of the Series 2004-A notes and the Series 2004-A
overcollateralization amount will be subject to reductions and reinstatements.


Series Issuance Date

     On or about January 16, 2004.


Series Cut-Off Date

     December 31, 2003.


                                      3





- ------------------------------------------------------------------------------

                       Terms of the Series 2004-A Notes

- ------------------------------------------------------------------------------


Interest Payment Dates

     Interest will be payable on the 15th of each month, unless the 15th is
not a business day, in which case the payment will be made on the following
business day. The first payment will be on February 17, 2004.


Per Annum Interest Rate

     [o]% above one-month LIBOR (calculated as described in the indenture).
Interest will be calculated on the basis of the actual number of days in the
applicable interest period divided by 360.


Interest Periods

     Each period from and including a payment date to but excluding the
following payment date, except that the first interest period will be from and
including the Series 2004-A issuance date to but excluding the first payment
date.


Principal Payments

     The issuer expects to pay the principal of the Series 2004-A notes (but
only to the extent of the outstanding nominal liquidation amount of the Series
2004-A notes) in full on January 16, 2007 (the "Series 2004-A expected
principal payment date"). However, under some circumstances the issuer may pay
principal earlier or later or in reduced amounts.


Legal Final

     The issuer will be obligated to pay the principal amount of the Series
2004-A notes (but only to the extent of the outstanding nominal liquidation
amount of the Series 2004-A notes), to the extent not previously paid, by
January 15, 2009.


Revolving Period

     During the revolving period, the issuer will not pay principal on the
Series 2004-A notes or accumulate principal for that purpose. Instead, the
issuer will use the Series 2004-A share of available principal amounts to make
principal payments on other series of notes and/or pay them to the issuer to
maintain the interest in the CARCO receivables trust evidenced by the
collateral certificate. The revolving period will begin at the close of
business on the Series 2004-A cut-off date and will end when the accumulation
period begins. The revolving period will also end if an early redemption
period begins.


                                      4





Accumulation Period

     The issuer will accumulate principal for the Series 2004-A notes during
an accumulation period of no more than five months long unless (i) an early
redemption period that is not terminated begins before the start of the
accumulation period or (ii) the issuer, acting directly or through the
administrator, elects at its option to delay the start of the accumulation
period, to a later date selected by the issuer. The issuer may elect to delay
the start of the accumulation period because it believes that (i) it will be
able to reallocate available principal amounts allocable to other series of
notes to make larger monthly deposits into the principal funding account over
a shorter period of time or (ii) the payment rate on the receivables will
permit larger monthly deposits to that account over a shorter period of time.
The latest date on which the accumulation period will commence is December 1,
2006. During the accumulation period the issuer will accumulate the Series
2004-A share of principal collections for payment on the Series 2004-A
expected principal payment date.


Early Redemption Period

     If an early redemption event occurs and is not cured, you will begin to
receive payments of principal earlier than the Series 2004-A expected
principal payment date. The period after the occurrence of an early redemption
event is the early redemption period. Early redemption events are events that
might adversely affect the issuer's ability to make payments on the Series
2004-A notes as originally expected.


Early Redemption Events

     The early redemption events with respect to the Series 2004-A notes will
include the following:

     1.   failure on the part of DCWR, the servicer or DCS (if DCS is no
          longer the servicer), as applicable,

          o  to make any payment or deposit required by the CARCO receivables
             trust pooling and servicing agreement or the receivables purchase
             agreement, on or before the date occurring two business days
             after the date that payment or deposit is required to be made; or

          o  to deliver a distribution date statement on the date required
             under the CARCO receivables trust pooling and servicing
             agreement, or within the applicable grace period which will not
             exceed five business days; or

          o  to comply with its covenant not to create any lien on a
             receivable; or

          o  to observe or perform in any material respect any other covenants
             or agreements set forth in the CARCO receivables trust pooling
             and servicing agreement or the receivables purchase agreement,
             which failure continues unremedied for a period of 45 days after
             written notice of that failure;

     2.   any representation or warranty made by DCS, as seller, in the
          receivables purchase agreement or by DCWR in the CARCO receivables
          trust pooling and


                                      5





          servicing agreement or any information required to be given by DCWR
          to the CARCO receivables trust trustee to identify the accounts
          proves to have been incorrect in any material respect when made and
          continues to be incorrect in any material respect for a period of 60
          days after written notice and as a result the interests of the
          certificateholders are materially and adversely affected. An early
          redemption event, however, shall not be deemed to occur if DCWR has
          repurchased the related receivables or all of the receivables, if
          applicable, during that period in accordance with the provisions of
          the CARCO receivables trust pooling and servicing agreement;

     3.   the occurrence of certain events of bankruptcy, insolvency or
          receivership relating to DCS or DaimlerChrysler;

     4.   a failure by DCWR to convey receivables in additional accounts to
          the CARCO receivables trust within five business days after the day
          on which it is required to convey those receivables under the CARCO
          receivables trust pooling and servicing agreement;

     5.   on any payment date, the primary Series 2004-A overcollateralization
          amount is reduced to an amount less than the required amount on that
          payment date after giving effect to the distributions to be made on
          that payment date; provided that, for the purpose of determining
          whether an early redemption event has occurred pursuant to this
          clause 5, any reduction of the primary Series 2004-A
          overcollateralization amount resulting from reallocations of the
          Series 2004-A available principal amounts to pay interest on the
          Series 2004-A notes in the event LIBOR is equal to or greater than
          the prime rate upon which interest on the receivables is calculated
          on the applicable LIBOR determination date will be considered an
          early redemption event only if LIBOR remains equal to or greater
          than such prime rate for the next 30 consecutive days following such
          LIBOR determination date;

     6.   any service default occurs;

     7.   on any determination date, as of the last day of the preceding
          monthly collection period, the aggregate amount of principal
          receivables relating to used vehicles exceeds 20% of the pool
          balance on that last day;

     8.   on any determination date, the average of the monthly payment rates
          for the three preceding monthly collection periods, is less than
          20%;

     9.   the outstanding dollar principal amount of the Series 2004-A notes
          is not repaid by the Series 2004-A expected principal payment date;

     10.  the issuer becomes an investment company within the meaning of the
          Investment Company Act of 1940, as amended; and

     11.  the occurrence of an event of default under the indenture.


                                      6





Credit Enhancement - Series 2004-A Overcollateralization Amount

     On the Series 2004-A cut-off date, the portion of the collateral
certificate allocable to Series 2004-A will equal $1,098,901,099 and will
exceed the outstanding dollar principal amount of the Series 2004-A notes by
$98,901,099. The amount of that excess is the initial Series 2004-A
overcollateralization amount. This overcollateralization amount is intended to
protect the Series 2004-A noteholders from the effect of charge-offs on
defaulted receivables in the CARCO receivables trust that are allocated to
Series 2004-A and any use of available principal amounts to pay interest on
the Series 2004-A notes.

     The Series 2004-A overcollateralization amount will equal the sum of (i)
the primary Series 2004-A overcollateralization amount, which initially equals
9.89% of the initial nominal liquidation amount of the Series 2004-A notes and
(ii) the incremental overcollateralization amount, which is based on the
amount of ineligible receivables and dealer overconcentration amounts in the
CARCO receivables trust. The amount in clause (ii) may fluctuate from time to
time.

     The issuer will allocate distributions on the collateral certificate to
Series 2004-A on the basis of the sum of the nominal liquidation amount of the
Series 2004-A notes and the Series 2004-A overcollateralization amount. The
Series 2004-A overcollateralization amount will be reduced by:

     o  reallocations of available principal amounts otherwise allocable to
        the Series 2004-A overcollateralization amount to pay interest on the
        Series 2004-A notes and

     o  charge-offs resulting from uncovered defaults on receivables in the
        CARCO receivables trust allocated to Series 2004-A.

     Reductions in the Series 2004-A overcollateralization amount will result
in a reduced amount of distributions on the collateral certificate that are
available to make payments on the Series 2004-A notes. If the Series 2004-A
overcollateralization amount is reduced to zero, then those reallocations and
charge-offs will instead reduce the nominal liquidation amount of the Series
2004-A notes and you may incur a loss on your Series 2004-A notes.


Excess Principal Collections

     Principal collections allocable to other series of notes, to the extent
not needed to make payments in respect of the other series, will be applied to
make principal payments in respect of the Series 2004-A notes and of other
series of notes then entitled to principal payments. Any remaining principal
collections will be paid to the issuer to maintain the interest in the CARCO
receivables trust evidenced by the collateral certificate.


Optional Redemption

     The servicer may cause the issuer to redeem the Series 2004-A notes on
any day on or after the day on which the nominal liquidation amount of the
Series 2004-A notes is reduced to $100,000,000 or less.


                                      7





Other Series of Notes and Certificates

     The issuer has previously issued three series of notes, referred to as:

     o  the Floating Rate Auto Dealer Loan Asset Backed Notes, Series 2002-A;

     o  the Floating Rate Auto Dealer Loan Asset Backed Notes, Series 2002-B;
        and

     o  the Floating Rate Auto Dealer Loan Asset Backed Notes, Series 2003-A.

The issuer may also issue additional series of notes. The CARCO receivables
trust has previously issued several series of investor certificates and may
issue additional series of investor certificates.


Note Ratings

     The issuer will issue the Series 2004-A notes only if they are rated at
the time of issuance in the highest long-term rating category by at least one
nationally recognized rating agency.

- ------------------------------------------------------------------------------

                    The Dealer Floorplan Financing Business

- ------------------------------------------------------------------------------

     The receivables sold to the CARCO receivables trust were or will be
selected from extensions of credit and advances made by DaimlerChrysler and
DCS to approximately 3,010 domestic motor vehicle dealers.

     o  DCS financed 55.0% of the total number of all
        DaimlerChrysler-franchised dealers as of September 30, 2003.

     o  As of September 30, 2003, approximately 43.5% of the dealers to which
        DCS had extended credit lines were DaimlerChrysler-franchised dealers
        that operated only DaimlerChrysler franchises, approximately 39.4%
        were DaimlerChrysler-franchised dealers that also operated
        non-DaimlerChrysler franchises and approximately 17.1% were
        non-DaimlerChrysler dealers.

     o  As of September 30, 2003, the balance of principal receivables in the
        U.S. Wholesale Portfolio was approximately $11.5 billion.

     o  DCS currently services the U.S. Wholesale Portfolio through its home
        office and through a network of five Chrysler Financial business
        centers and three Mercedes-Benz regional offices located throughout
        the United States.

     o  As of September 30, 2003, the average credit lines per dealer in the
        U.S. Wholesale Portfolio for new and used vehicles (which includes
        auction vehicles as used vehicles) were $4.5 million and $0.6 million,
        respectively, and the average balance of principal receivables per
        dealer was $3.8 million.


                                      8





     o  As of September 30, 2003, the aggregate total receivables balance as a
        percentage of the aggregate total credit lines was approximately
        75.4%.

     The following table sets forth the percentages of dealer account balances
by year of credit line origination for the U.S. Wholesale Portfolio.



- -------------------------------------------------------------------------------------------------------------------

                                    U.S. Wholesale Portfolio Percentages by Year
                                             of Credit Line Origination

                                              As of September 30, 2003

- -------------- ----------- ------------ ------------ ----------- ------------ ------------ ----------- ------------
                                                                                                        Prior to
    2003          2002        2001         2000         1999        1998         1997         1996        1996
- -------------- ----------- ------------ ------------ ----------- ------------ ------------ ----------- ------------

                                                                                 
    5.30%        6.85%       11.55%        6.21%       6.20%        4.56%        4.15%       2.28%       52.90%

- -------------------------------------------------------------------------------------------------------------------



     As of September 30, 2003, the weighted average spread over the prime rate
charged to dealers in the U.S. Wholesale Portfolio was approximately 0.60%.

     Used vehicles (which excludes auction vehicles) represented approximately
2.30% of the aggregate principal amount of receivables in the U.S. Wholesale
Portfolio as of September 30, 2003. As of September 30, 2003, used vehicles
represented approximately 2.40% of the aggregate principal amount of
receivables in the CARCO receivables trust (including Excluded Receivables).


Finance Hold Experience

     The following table provides the percentage of dealers in the U.S.
Wholesale Portfolio that were subject to finance hold as of the dates
indicated. Finance hold indicates those dealers whose financing arrangements
have been terminated due to certain financial difficulties.


                                      9







- -----------------------------------------------------------------------------------------------------------------

                                              Finance Hold Experience

              As of
             Sep. 30,                                     As of December 31,
            --------- -------- --------- -------- -------- -------- -------- -------- -------- -------- ---------
               2003     2002      2001     2000     1999     1998     1997     1996     1995     1994     1993
            --------- -------- --------- -------- -------- -------- -------- -------- -------- -------- ---------
                                                                         
  Percentage
  of Dealers   1.0%     1.8%      1.9%     0.8%     0.4%     0.9%     2.1%     1.1%     1.8%     1.6%     3.2%

- ------------------------------------------------------------------------------------------------------------------



Dealer Trouble Experience

     The following table provides the number and percentage of dealers in
dealer trouble status in the U.S. Wholesale Portfolio as of the dates
indicated. Dealer trouble status indicates those dealers that have probable
principal loss potential.



- ------------------------------------------------------------------------------------------------------------------

                                            Dealer Trouble Experience

              As of
                                                          As of December 31,
             Sep. 30,

            --------- -------- --------- -------- -------- -------- -------- -------- -------- -------- ---------
               2003     2002      2001     2000     1999     1998     1997     1996     1995     1994     1993
            --------- -------- --------- -------- -------- -------- -------- -------- -------- -------- ---------
                                                                         
  Number of
  Dealers       8         7        24       27       27       21       24       20        6       12       21

  Percentage
  of Dealers   0.3%     0.2%      0.7%     0.8%     0.9%     0.7%     0.7%     0.6%     0.2%     0.3%     0.6%

- ------------------------------------------------------------------------------------------------------------------



- ------------------------------------------------------------------------------

                                 The Accounts

- ------------------------------------------------------------------------------

     As of September 30, 2003, with respect to the dealer accounts in the
CARCO receivables trust:

     o  there were approximately 2,710 accounts and the aggregate principal
        receivables balance was approximately $9.8 billion;

     o  the average credit lines per dealer for new and used vehicles (which
        include auction vehicles) were approximately $4.2 million and $0.6
        million, respectively, and the average balance of principal
        receivables per dealer was approximately $3.6 million; and

     o  the aggregate total receivables balance as a percentage of the
        aggregate total credit line was approximately 75.6%.


                                      10





     Unless otherwise indicated, the statistics included in the preceding
paragraph, in the table below and under "DCS's Performance History --
Geographic Distribution" with respect to the accounts and the receivables in
the CARCO receivables trust give effect to receivables with respect to dealers
(the "Excluded Receivables" and the "Excluded Dealers," respectively) that are
in voluntary or involuntary bankruptcy proceedings or voluntary or involuntary
liquidation or that, subject to limitations, are being voluntarily removed by
the seller from the CARCO receivables trust. As of September 30, 2003, there
were no Excluded Dealers or Excluded Receivables.

     The following table sets forth the percentages of dealer account balances
by year of credit line origination for the accounts in the CARCO receivables
trust.



- -------------------------------------------------------------------------------------------------------------------

                                       Account Portfolio Percentages by Year
                                             of Credit Line Origination

                                              As of September 30, 2003

- -------------- ------------ ----------- ------------ ----------- ------------ ------------ ----------- ------------
                                                                                                        Prior to
    2003          2002         2001        2000         1999        1998         1997         1996        1996
- -------------- ------------ ----------- ------------ ----------- ------------ ------------ ----------- ------------

                                                                                 
    0.00%         1.58%       12.62%       6.48%       7.26%        5.23%        4.26%       1.94%       60.63%

- -------------------------------------------------------------------------------------------------------------------



     As of September 30, 2003, the weighted average spread over the prime rate
charged to dealers was approximately 0.62%.


                                      11





- ------------------------------------------------------------------------------

                           DCS's Performance History

- ------------------------------------------------------------------------------


Loss Experience

     The following tables set forth the average principal receivables balance
and loss experience for each of the periods shown on the U.S. Wholesale
Portfolio. Because the eligible accounts in the CARCO receivables trust will
be only a portion of the entire U.S. Wholesale Portfolio, actual loss
experience with respect to the eligible accounts in the CARCO receivables
trust may be different.



- -------------------------------------------------------------------------------------------------------------------

                                  Loss Experience for the U.S. Wholesale Portfolio

                                                  ($ in Millions)

                               Nine Months
                           Ended September 30,                         Year Ended December 31,
                           ---------- ----------  --------- --------- --------- ----------- ----------- -----------
                              2003      2002         2002      2001      2000       1999        1998       1997
                           ---------- ----------  --------- --------- --------- ----------- ----------- -----------
                                                                                   
     Average Principal
      Receivables
      Balance(1).......... $10,675    $9,757      $9,813     $9,689     $11,336    $ 9,947     $9,236      $8,877

     Net Losses/(Net
      Recoveries)(2)...... $     1    $   10      $   10     $    2     $     1    $    (0)    $   11      $    4

     Net Losses/(Net
      Recoveries) as a
      Percent of
      Liquidations........   0.001%    0.020%      0.016%     0.004%      0.001%    (0.001)%    0.020%      0.008%

     Net Losses/(Net
      Recoveries) as a
      Percent of Average
      Principal
      Receivables
      Balance(3)..........    0.01%     0.14%       0.11%      0.02%       0.01%     (0.00)%     0.12%       0.04%





                                                           Year Ended December 31,
                           -------------- -------------- -------------- -------------- -------------- --------------
                               1996           1995           1994           1993           1992           1991
                           -------------- -------------- -------------- -------------- -------------- --------------
                                                                                       
 Average Principal
   Receivables
   Balance(1)............    $8,825          $8,256         $6,754         $6,271         $5,344         $4,826

 Net Losses/(Net
   Recoveries)(2)........    $   (0)         $   (1)        $   (1)        $   12         $   26         $   36

 Net Losses/(Net
   Recoveries) as a
   Percent of
   Liquidations..........    (0.000)%        (0.002)%       (0.003)%        0.035%         0.098%         0.163%


 Net Losses/(Net
   Recoveries) as a
   Percent of Average
   Principal Receivables
   Balance(3)............     (0.00)%         (0.01)%        (0.01)%         0.19%          0.49%          0.75%

(1)  Average Principal Receivables Balance is the average of the month-end principal balances for the thirteen
     months ending on the last day of the period, except for the nine months ended September 30, 2003 and 2002,
     which are based on a ten month average.

(2)  Net Losses in any period are gross losses less recoveries for such period.

(3)  Percentages for the nine months ended September 30, 2003 and 2002 are expressed on an annualized basis and are
     not necessarily indicative of the experience for the whole year.


                                                         12






Aging Experience

     The following table provides the age distribution of vehicle inventory
for all dealers in the U.S. Wholesale Portfolio, as a percentage of total
principal outstanding at the date indicated. Because the eligible accounts in
the CARCO receivables trust will only be a portion of the entire U.S.
Wholesale Portfolio, actual age distribution with respect to the eligible
accounts in the CARCO receivables trust may be different. The percentages may
not add up to 100.00% because of rounding.



- -------------------------------------------------------------------------------------------------------------------

                                 Age Distribution for the U.S. Wholesale Portfolio


                               As of
                           September 30,                             As of December 31,
                           --------------- ----------- --------- ---------- --------- -------- --------- ----------
       Aging (Days)             2003          2002        2001      2000       1999     1998      1997      1996
                           --------------- ----------- --------- ---------- --------- -------- --------- ----------
                                                                                    
   <31....................      37.8%           28.3%     33.5%      23.0%     36.7%    32.2%     32.5%     31.1%
   31-60..................      21.3%           18.9%     23.0%      19.8%     21.9%    21.5%     21.9%     20.6%
   61-90..................       9.3%           16.3%     14.3%      18.3%     16.6%    15.3%     14.7%     16.7%
   91-120.................      10.7%           14.4%     10.6%      16.6%     11.6%    12.6%     11.0%     12.0%
   121-150................       5.5%           10.6%      7.7%      10.0%      4.4%     8.0%      7.4%      6.7%
   151-180................       3.3%            4.3%      3.5%       2.9%      2.5%     2.9%      3.3%      3.2%
   181-210................       3.9%            1.9%      1.9%       2.8%      1.5%     1.9%      1.9%      2.4%
   211-240................       2.0%            1.3%      1.4%       1.6%      1.3%     1.3%      1.3%      1.5%
   241-270................       1.2%            0.8%      0.9%       1.2%      0.9%     0.9%      1.0%      1.1%
   271-300................       1.0%            0.7%      0.8%       1.1%      0.7%     0.7%      0.9%      0.9%
   301-330................       1.0%            0.6%      0.5%       0.8%      0.4%     0.6%      0.8%      0.7%
   331-360................       0.8%            0.3%      0.3%       0.6%      0.3%     0.4%      0.6%      0.5%
   >360...................       2.2%            1.6%      1.6%       1.3%      1.2%     1.7%      2.7%      2.6%
   Total..................     100.0%          100.0%    100.0%     100.0%    100.0%   100.0%    100.0%    100.0%

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Geographic Distribution

     The following table provides the geographic distribution of the vehicle
inventory for all dealers in the CARCO receivables trust on the basis of
receivables outstanding and the number of dealers generating the portfolio.
The percentages may not add up to 100.00% because of rounding.



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                        Geographic Distribution of Accounts in the CARCO Receivables Trust

                                             As of September 30, 2003

                                                           Percentage of          Total          Percentage of
                                     Receivables            Receivables         Number of          Number of
                                   Outstanding (2)        Outstanding (2)      Dealers (3)        Dealers (3)
                                 -------------------    -------------------  --------------     ---------------
                                                                                         
Texas........................      $  816,349,610.49             8.36%               158               5.83%

California...................         749,658,621.19             7.68%               157               5.79%

Florida......................         696,575,843.17             7.13%               136               5.02%

New York ....................         602,727,352.30             6.17%               162               5.98%

Other(1)....................        6,899,330,908.81            70.66%             2,098              77.39%
                                 -------------------    -------------------  --------------     ---------------

Total .......................      $9,764,642,335.96           100.00%             2,711             100.00%
                                 ===================    ===================  ==============     ===============


(1)  No other state includes more than 5% of the outstanding receivables.

(2)  Includes Excluded Receivables.

(3)  Includes Excluded Dealers.

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                 Maturity and Principal Payment Considerations

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     You will begin receiving principal on your notes if an early redemption
period that is not terminated has commenced. Full payment of the Series 2004-A
notes by the Series 2004-A expected principal payment date depends on, among
other things, repayment by dealers of the receivables and may not occur if
dealer payments are insufficient. Because the receivables are paid upon retail
sale of the underlying vehicle, the timing of the payments is uncertain. There
is no assurance that DCS will generate additional receivables under the
accounts or that any particular pattern of dealer payments will occur. Also,
the shorter the accumulation period length, the greater the likelihood that
payment of the Series 2004-A notes in full by the Series 2004-A expected
principal payment date will be dependent on the reallocation of available
principal amounts which are initially allocated to other outstanding series of
notes. If one or more other series of notes from which available principal
amounts are expected to be available to be reallocated to the payment of the
Series 2004-A notes enters into an early redemption period before the Series
2004-A expected principal payment date, available principal amounts allocated
to those series of notes will not be available to be reallocated to make
payments of principal of the Series 2004-A notes and you may receive your
final payment of principal later than the Series 2004-A expected principal
payment date.

     Because an early redemption event with respect to the Series 2004-A notes
may occur and would initiate an early redemption period, you may receive the
final payment of principal on your Series 2004-A notes prior to the scheduled
termination of the revolving period or prior to the Series 2004-A expected
principal payment date.

     The amount of new receivables generated in any month and monthly payment
rates on the receivables may vary because of seasonal variations in vehicle
sales and inventory levels, retail incentive programs provided by vehicle
manufacturers and various economic factors affecting vehicle sales generally.
The following table sets forth the highest and lowest monthly payment rates
for the U.S. Wholesale Portfolio during any month in the periods shown and the
average of the monthly payment rates for all months during the periods shown.
The monthly payment rate is the percentage equivalent of a fraction, the
numerator of which is the aggregate of all collections of principal during the
period and the denominator of which is the average aggregate principal balance
of receivables in the U.S. Wholesale Portfolio for the period. These monthly
payment rates include principal credit adjustments. Because eligible accounts
in the CARCO receivables trust will be only a portion of the entire U.S.
Wholesale Portfolio, historical monthly payment rates with respect to the
eligible accounts in the CARCO receivables trust may be different than those
shown below.


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                              Monthly Payment Rates for the U.S. Wholesale Portfolio


                 Nine Months
                    Ended
                September 30,                                Year Ended December 31,
               -------- --------  ------- ------- ------- ------- ------- -------- ------- ------- ------- --------
                 2003     2002      2002    2001    2000    1999    1998    1997    1996     1995    1994    1993
               -------- --------  ------- ------- ------- ------- ------- -------- ------- ------- ------- --------

                                                                         
 Highest Month   55.6%    58.3%     65.4%   64.4%   52.8%   60.5%   60.8%   57.7%    58.3%   59.1%   59.7%   54.7%

 Lowest Month    42.2%    44.0%     44.9%   42.4%   36.3%   44.7%   42.5%   41.1%    43.2%   36.5%   34.2%   35.9%

 Average of
 the Months
 in the Period   47.6%    51.7%     55.7%   52.6%  45.6%   52.0%   50.0%   48.2%    49.0%   45.6%   50.3%   46.6%

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- ------------------------------------------------------------------------------

        The Collateral Certificate - Required Participation Percentage

- ------------------------------------------------------------------------------

     The seller will be required to add to the CARCO receivables trust the
receivables of additional accounts if the pool balance at the end of a monthly
collection period is less than the required participation amount for the
following payment date. The calculation of the required participation amount
is a function of the required participation percentage.

     The required participation percentage for the collateral certificate is
103%. However, if either (a) the aggregate amount of principal receivables due
from either AutoNation, Inc. and its affiliates or United Auto Group, Inc. and
its affiliates on the close of business on the last day of any monthly
collection period is greater than 4% of the pool balance on that day or (b)
the aggregate amount of principal receivables due from any other dealer at
such time is greater than 1.5% of the pool balance on that day, then the
required participation percentage, as of that last day and with respect to
that monthly collection period and the immediately following monthly
collection period only, will be 104%. Furthermore, the seller may, upon ten
days' prior notice to the CARCO receivables trust trustee and the rating
agencies, reduce the required participation percentage to not less than 100%,
so long as the rating agencies shall not have notified the seller or the
servicer that any reduction will result in a reduction or withdrawal of the
rating of the Series 2004-A notes or any other outstanding series or class of
notes.


                                      16