10-K - GM Financial Consumer Automobile Receivables Trust 2024-4 (0002036780) (Filer)

Mon, Mar 24, 2:34 PM (33 days ago)

**Summary of GM Financial Consumer Automobile Receivables Trust 2024-4 (GMCRT) 10-K** **Company Overview:** GM Financial Consumer Automobile Receivables Trust 2024-4 (GMCRT) is a securitization vehicle sponsored by AmeriCredit Financial Services, Inc. (d/b/a GM Financial). The trust issues asset-backed securities collateralized by consumer automobile receivables. **Financial Performance:** The 10-K does not provide specific financial figures for revenue, net income, or operating expenses. However, it includes various exhibits and certifications related to the trust's financial condition and compliance. **Strategic Overview:** GMCRT's strategy revolves around securitizing automobile receivables to issue asset-backed securities. The trust's financial condition is supported by the underlying pool of automobile receivables and the servicing activities of GM Financial. **Future Outlook:** The future outlook is not explicitly detailed in the provided document. However, the trust's performance will depend on the credit quality of the underlying receivables and the effectiveness of GM Financial's servicing activities. **Risk Factors:** Key risk factors include the credit risk associated with the underlying automobile receivables, operational risks related to servicing, and legal and regulatory risks faced by the sponsor and servicer. Adverse outcomes in legal proceedings could impact the trust's performance. **Financial Condition:** The trust's financial condition is supported by the pool of automobile receivables and the servicing activities of GM Financial. There is no single obligor representing more than 10% of the pool assets, and no external credit enhancement is provided. **Market Position:** The document does not provide specific information on market position changes. However, the trust's performance is tied to the broader automotive finance market and the credit quality of the underlying receivables. **Compliance and Legal:** The trust and its related entities are subject to various legal and regulatory proceedings. The servicer, GM Financial, has complied with applicable servicing criteria, with some instances of noncompliance noted but deemed not material to the trust's transactions. **Exhibits and Certifications:** The 10-K includes several exhibits and certifications, such as the indenture, trust agreement, sale and servicing agreement, and compliance statements from the servicer and trustee. These documents provide detailed information on the trust's structure, operations, and compliance with regulatory requirements.