EX-99 2 v197188_ex-99.htm Unassociated Document

Statement to Securityholder
 
Ally Auto Receivables Trust 2010-1

Distribution Information
Deal Information
1. Distribution Summary
Deal:
  
Ally Auto Receivables Trust 2010-1
 
Asset Type:
  
Consumer Retail
2. Factor Summary
      
3. Interest Summary
Closing Date:
  
3/25/2010
4. Collections and Distributions
Bloomberg Ticker:
  
ALLYA 2010-1
5. Collateral Summary
Collection Period, Begin:
  
8/1/2010
 
Collection Period, End:
  
8/31/2010
6. Charge-Off and Delinquency Rates
Determination Date:
  
09/10/2010
 
Distribution Date:
  
9/15/2010
7. Credit Instruments
      
 
ABS Investor Relations - Ally Financial Inc., formerly GMAC Inc.:
8. Performance Tests
Telephone:
  
(866) 710-4623
 
E-Mail:
  
securitization@ally.com

The Class B and Class C 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 . Such 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 6
 

Statement to Securityholder
Ally Auto Receivables Trust 2010-1

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-1
02005HAD5
250,000,000.00
75,061,940.28
0.32312
27,962,294.33
20,211.68
27,982,506.01
0.00
0.00
47,099,645.95
A-2
02005HAA1
204,000,000.00
204,000,000.00
0.75
0.00
127,500.00
127,500.00
0.00
0.00
204,000,000.00
A-3
02005HAB9
364,000,000.00
364,000,000.00
1.45
0.00
439,833.33
439,833.33
0.00
0.00
364,000,000.00
A-4
02005HAC7
90,900,000.00
90,900,000.00
2.30
0.00
174,225.00
174,225.00
0.00
0.00
90,900,000.00
B
02005HAE3
29,100,000.00
29,100,000.00
3.29
0.00
79,782.50
79,782.50
0.00
0.00
29,100,000.00
C
02005HAF0
25,600,000.00
25,600,000.00
3.61
0.00
77,013.33
77,013.33
0.00
0.00
25,600,000.00
Deal Totals
  
963,600,000.00
788,661,940.28
  
27,962,294.33
918,565.84
28,880,860.17
0.00
0.00
760,699,645.95

2. Factor Summary
(Amount per $1,000 of Original Principal)

Class
Beginning Note Pool
Factor
Principal
Distribution Factor
Interest Distribution
Factor
Total Distribution
Factor
Interest Carryover
Shortfall Factor
Ending Note Pool
Factor
A-1
300.24776112
111.84917732
0.08084672
111.93002404
0.00000000
188.39858380
A-2
1,000.00000000
0.00000000
0.62500000
0.62500000
0.00000000
1,000.00000000
A-3
1,000.00000000
0.00000000
1.20833332
1.20833332
0.00000000
1,000.00000000
A-4
1,000.00000000
0.00000000
1.91666667
1.91666667
0.00000000
1,000.00000000
B
1,000.00000000
0.00000000
2.74166667
2.74166667
0.00000000
1,000.00000000
C
1,000.00000000
0.00000000
3.00833320
3.00833320
0.00000000
1,000.00000000


 
Page 2 of 6
 
 
Statement to Securityholder
Ally Auto Receivables Trust 2010-1

Beginning Aggregate Note Pool Factor:
818.45365326
Ending Aggregate Note Pool Factor:
789.43508297
   
Beginning Reserve Account Balance Factor:
1,000.00000000
Reserve Account Draw, distributed to Noteholders, Factor:
0.00000000
Reserve Account Draw, distributed to Certificateholders, Factor:
0.00000000
Ending Reserve Account Balance Factor:
1,000.00000000

3. Interest Summary

Class
Accrual
Methodology
Beginning Note
Principal Balance
Note Rate
Target Interest
Distribution
Actual Interest
Distribution
Interest Shortfall
Amount
Allocated/(Repaid)
(1) - (2) = (3)
Remaining Unpaid
Interest Carryover
Shortfall
       
(1)
(2)
(3)
  
A-1
Actual/360
75,061,940.28
0.32312
20,211.68
20,211.68
0.00
0.00
A-2
30/360
204,000,000.00
0.75
127,500.00
127,500.00
0.00
0.00
A-3
30/360
364,000,000.00
1.45
439,833.33
439,833.33
0.00
0.00
A-4
30/360
90,900,000.00
2.30
174,225.00
174,225.00
0.00
0.00
Class A Totals
  
733,961,940.28
  
761,770.01
761,770.01
0.00
0.00
               
B
30/360
29,100,000.00
3.29
79,782.50
79,782.50
0.00
0.00
C
30/360
25,600,000.00
3.61
77,013.33
77,013.33
0.00
0.00
Deal Totals
  
788,661,940.28
  
918,565.84
918,565.84
0.00
0.00
 
 
Page 3 of 6
 
 
Statement to Securityholder
Ally Auto Receivables Trust 2010-1
 
4. Collections and Distributions

Collections
Receipts During the Period
32,419,276.96
Administrative Purchase Payments
26,248.31
Warranty Payments
0.00
Liquidation Proceeds (Recoveries)
387,115.29
Other Fees or Expenses Paid
0.00
 Total Collections
32,832,640.56
   
Beginning Reserve Account Balance
10,224,250.18
 Total Available Amount
43,056,890.74
   
Distributions
 Total Available Amount
43,056,890.74
Basic Servicing Fee
766,006.01
Aggregate Class A Interest Distributable Amount
761,770.01
First Priority Principal Distributable Amount
0.00
Aggregate Class B Interest Distributable Amount
79,782.50
Second Priority Principal Distributable Amount
0.00
Aggregate Class C Interest Distributable Amount
77,013.33
Third Priority Principal Distributable Amount
0.00
Reserve Account Deposit
10,224,250.18
Noteholders' Regular Principal Distributable Amount
27,962,294.33
Excess Total Available Amount to the Certificateholders
3,185,774.38
   
Other Fees or Expenses Accrued
0.00
 
 
Page 4 of 6
 

Statement to Securityholder
Ally Auto Receivables Trust 2010-1
 
5. Collateral Summary

A. Balances
 
Original Balance
Beginning Balance
Ending Balance
 
 Number of Receivables
53,681
49,999
49,265
Deal Totals
 Aggregate Receivables Principal Balance
1,022,425,018.31
857,675,629.02
829,713,334.69
 
 Aggregate Amount Financed
1,100,973,383.09
919,207,213.90
888,550,991.90

There have been no receivables with respect to which material breaches of pool asset representations or warranties on 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
Maturity
Beginning
Weighted Average
Original
Maturity
Ending
Weighted Average
Original
Maturity
Inception
Weighted Average Life
Beginning
Weighted Average Life
Ending
Weighted Average Life
Deal Totals
3.02000000
2.96314451
2.95516877
65.66
65.77
65.78
55.67
50.99
50.25

C. Pool Composition - Prepayments

Month
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Monthly
0.61%
1.03%
0.87%
0.74%
0.87%
0.82%
0.97%
                          
Month
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
Monthly
                                        
Month
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
Monthly
                                        

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
903,879,102.90
101,260.61
0.1344%
  
49,265
43
0.0873%
Preceding
933,893,047.05
84,519.07
0.1086%
  
49,999
28
0.0560%
Next Preceding
963,716,439.16
222,282.96
0.2768%
  
50,632
25
0.0494%
Three Month Average
    
0.1733%
      
0.0642%
 
 
Page 5 of 6
 

Statement to Securityholder
Ally Auto Receivables Trust 2010-1

B. Cumulative
 
Aggregate Amount
Financed
Cumulative Net
Charge-Offs
Cumulative Loss Rate
Totals
1,100,973,383.09
530,534.88
0.0482%

The information contained in this report is defined or determined in a manner consistent with the prospectus for Ally Auto Receivables Trust 2010-1 related to delinquencies, charge offs and uncollectible accounts.
 
There have been no material changes in determining delinquencies, charge-offs and uncollectible amounts.

Delinquency
Total Accounts
Total Balance
Stratification
    
31 - 60 days
221
3,890,205.65
61 - 90 days
39
748,630.59
> 90 days
4
108,411.40
     
Bankruptcies
Total Accounts
Total Balance
Prior Period1
197
3,215,049.08
Current Period
52
762,629.79
Inventory Charged Off2
19
185,895.24
Ending Inventory
230
3,791,783.63

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 BK's

7. Credit Instruments

A. Reserve Accounts

Account
  
Initial Balance
  
Beginning Balance
ADDITIONS
REDUCTIONS
Ending Balance
  
Required Cash
           
Draws
Releases
    
Reserve Amount
Cash Reserve
  
10,224,250.18
  
10,224,250.18
0.00
0.00
0.00
10,224,250.18
  
10,224,250.18

8. Performance Tests

Event of Default
All Tests Passed
Servicer Default
All Tests Passed
Overcollateralization Target reached?
YES
 Initial Overcollateralization
58,825,018.31
 Current Overcollateralization
69,013,688.74
 Overcollateralization Target
69,013,688.74

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 AART 2010-1. 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 AART 2010-1 will perform in the future.


Page 6 of 6