Thu, Mar 27, 8:01 PM (33 days ago)
**Exeter Automobile Receivables Trust 2022-3 (EFCAR) 10-K Summary** **Financial Performance:** - The document does not provide specific financial figures for revenue, net income, or operating expenses. **Strategic Overview & Market Position:** - Exeter Automobile Receivables Trust 2022-3 (the “Trust”) is a securitization vehicle for automobile receivables. - No single obligor represents 10% or more of the asset pool. - The Trust does not have external credit enhancement or derivative instruments. **Risk Factors:** - Exeter Finance LLC (Exeter), the sponsor, faces various consumer claims and litigation, including usury, disclosure inaccuracies, and improper collection practices. - Exeter is subject to reviews and investigations by government and self-regulatory agencies. - As of the filing date, Exeter is not subject to litigation or reviews that would materially adversely affect the holders of the Notes. **Financial Condition:** - The Trust has no voting or non-voting common equity outstanding held by non-affiliates. - The document does not provide detailed financial statements or supplementary data. **Future Outlook:** - The document does not provide explicit future outlook or guidance. **Market Position Changes:** - The Trust's market position is not explicitly detailed, but it operates within the automobile receivables securitization market. **Other Notable Points:** - Exeter and Citibank, N.A. have provided reports on assessment of compliance with servicing criteria for the 2024 Reporting Period. - The Trust has filed various agreements and certificates as exhibits to this Form 10-K. **Ticker:** Not applicable as the Trust does not have registered securities pursuant to Section 12 of the Act.