Exhibit 99.1

 

Hyundai Auto Receivables Trust 2025-B
                                             
                                             
Collection Period       May 6, 2025 - June 30, 2025  
Distribution Date       07/15/25  
Transaction Month       1  
30/360 Days       34  
Actual/360 Days       34  

 

I.  ORIGINAL DEAL PARAMETERS
                                             
Cut off Date:     May 5, 2025                                  
Closing Date:     June 11, 2025                                  
                                             
        Dollars     Units     WAC     WARM          
Original Pool Balance:     $ 2,188,239,332.38       79,603       5.95 %   55.08          
Original Adj. Pool Balance:     $ 2,074,109,777.34                                  
                                             
        Amount     % of Pool      Note Rate              Final Payment Date   
   Class A-1 Notes Fixed     $ 448,000,000.00       20.473 %   4.45800 %           June 15, 2026  
   Class A-2-A Notes Fixed     $ 436,800,000.00       19.961 %   4.45000 %           August 15, 2028  
   Class A-2-B Notes Floating     $ 250,000,000.00       11.425 %   SOFR + 0.38 %           August 15, 2028  
   Class A-3 Notes Fixed     $ 653,200,000.00       29.850 %   4.36000 %           December 17, 2029  
   Class A-4 Notes Fixed     $ 134,660,000.00       6.154 %   4.44000 %           June 17, 2030  
   Class B Notes Fixed     $ 37,340,000.00       1.706 %   4.72000 %           July 15, 2030  
   Class C Notes Fixed     $ 62,230,000.00       2.844 %     4.92000 %           July 15, 2032  
Total Securities     $ 2,022,230,000.00       92.414 %                        
                                             
   Overcollateralization     $ 51,879,777.34       2.371 %                      
   YSOA     $ 114,129,555.04       5.216 %                        
Total Original Pool Balance     $ 2,188,239,332.38       100.00 %                        
                                             
                                             
II.  POOL BALANCE AND PORTFOLIO INFORMATION
                                             
        Beginning of Period     Ending of Period      Change   
        Balance     Note Factor     Balance     Note Factor          
   Class A-1 Notes     $ 448,000,000.00       1.0000000     $ 334,181,584.18       0.7459410     $ 113,818,415.82  
   Class A-2-A Notes     $ 436,800,000.00       1.0000000     $ 436,800,000.00       1.0000000     $ -  
   Class A-2-B Notes     $ 250,000,000.00       1.0000000     $ 250,000,000.00       1.0000000     $ -  
   Class A-3 Notes     $ 653,200,000.00       1.0000000     $ 653,200,000.00       1.0000000     $ -  
   Class A-4 Notes     $ 134,660,000.00       1.0000000     $ 134,660,000.00       1.0000000     $ -  
   Class B Notes     $ 37,340,000.00       1.0000000     $ 37,340,000.00       1.0000000     $ -  
   Class C Notes     $ 62,230,000.00       1.0000000     $ 62,230,000.00       1.0000000     $ -  
Total Securities     $ 2,022,230,000.00       1.0000000     $ 1,908,411,584.18       0.9437164     $ 113,818,415.82  
                                             
Weighted Avg. Coupon (WAC)     5.95 %           5.96 %              
Weighted Avg. Remaining Maturity (WARM)     55.08               53.43                  
Pool Receivables Balance     $ 2,188,239,332.38             $ 2,077,319,897.96                  
Remaining Number of Receivables     79,603               78,044                  
                                             
Adjusted Pool Balance      $ 2,074,109,777.34             $ 1,970,634,877.51                  
                                             
                                             
III.  COLLECTIONS
                                             
Principal:
     Principal Collections     $ 110,650,981.44  
     Repurchased Contract Proceeds Related to Principal     $ -  
     Recoveries/Liquidation Proceeds     $ -  
Total Principal Collections     $ 110,650,981.44  
                                             
Interest:
     Interest Collections     $ 19,142,347.33  
     Late Fees & Other Charges     $ 107,004.77  
     Interest on Repurchase Principal     $ -  
Total Interest Collections     $ 19,249,352.10  
                                             
Collection Account Interest     $ 235,828.48  
Reserve Account Interest     $ 11,949.16  
Servicer Advances     $ -  
                                             
Total Collections     $ 130,148,111.18  

 

2025B Report1 of 4 

 

 

Hyundai Auto Receivables Trust 2025-B
                                             
                                             
Collection Period       May 6, 2025 - June 30, 2025  
Distribution Date       07/15/25  
Transaction Month       1  
30/360 Days       34  
Actual/360 Days       34  
                                             
IV.  DISTRIBUTIONS
                                       
     Total Collections   $ 130,148,111.18  
     Reserve Account Release   $ -  
     Reserve Account Draw   $ -  
Total Available for Distribution   $ 130,148,111.18  
        Amount Due     Interest Pymt Due
but unpaid from prior
periods		     Amount Paid            
1.  Servicing Fee @1.00%:
     Servicing Fee Due 1.00 % $ 3,343,143.42     $ -     $ 3,343,143.42         3,343,143.42  
     Collection & Reserve Account Interest   $ 247,777.64  
     Late Fees & Other Charges   $ 107,004.77  
Total due to Servicer   $ 3,697,925.83  
                                       
2.  Class A Noteholders Interest:
     Class A-1 Notes     $ 1,886,229.33             $ 1,886,229.33            
     Class A-2-A Notes     $ 1,835,773.33             $ 1,835,773.33            
     Class A-2-B Notes     $ 1,105,826.39             $ 1,105,826.39            
     Class A-3 Notes      $ 2,689,732.44             $ 2,689,732.44            
     Class A-4 Notes     $ 564,674.27             $ 564,674.27            
                                       
          Total Class A interest:     $ 8,082,235.76             $ 8,082,235.76         8,082,235.76  
                                       
3.  First Priority Principal Distribution:     $ 0.00             $ 0.00         0.00  
                                       
4.   Class B Noteholders Interest:     $ 166,453.42             $ 166,453.42         166,453.42  
                                       
5.  Second Priority Principal Distribution:     $ -             $ -         0.00  
                                       
6.   Class C Noteholders Interest:     $ 289,162.07             $ 289,162.07         289,162.07  
                                       
          Available Funds Remaining:   $ 117,912,334.10  
                                       
                                       
7.   Regular Principal Distribution Amount:     113,818,415.82  
                                       
        Distributable Amount             Paid Amount            
     Class A-1 Notes     $ 113,818,415.82            
     Class A-2-A Notes      $ -            
     Class A-2-B Notes      $ -            
     Class A-3 Notes      $ -            
     Class A-4 Notes     $ -            
          Class A Notes Total:     $ 113,818,415.82             $ 113,818,415.82            
          Class B Notes Total:     $ -             $ -            
          Class C Notes Total:     $ -             $ -            
               Total Noteholders Principal     $ 113,818,415.82             $ 113,818,415.82            
                                       
8.  Required Deposit to Reserve Account     0.00  
                                       
9.  Trustee Expenses and Asset Representations Reviewer Expenses     0.00  
                                       
10.  Remaining Available Collections Released to Certificateholder     4,093,918.28  
                                       
                                       
V.  YIELD SUPPLEMENT OVERCOLLATERALIZATION AMOUNT (YSOA)
                                       
Beginning Period Required Amount   $ 114,129,555.04  
Beginning Period Amount   $ 114,129,555.04  
Current Period Amortization   $ 7,444,534.58  
Ending Period Required Amount   $ 106,685,020.45  
Ending Period Amount   $ 106,685,020.45  
Next Distribution Date Required Amount   $ 102,725,865.94  

 

2025B Report2 of 4 

 

  

Hyundai Auto Receivables Trust 2025-B
                                             
                                             
Collection Period       May 6, 2025 - June 30, 2025  
Distribution Date       07/15/25  
Transaction Month       1  
30/360 Days       34  
Actual/360 Days       34  
                                             

VI.  RESERVE ACCOUNT
                                             
Reserve Percentage of Initial Adjusted Pool Balance       0.25 %
Beginning Period Required Amount      $ 5,185,274.44  
Beginning Period Amount     $ 5,185,274.44  
Current Period Release to Collection Account     $ -  
Current Period Deposit     $ -  
Current Period Release to Depositor     $ -  
Ending Period Required Amount (0.25% of APB of cut-off date)     $ 5,185,274.44  
Ending Period Amount     $ 5,185,274.44  
                                             
                                             
VII.  OVERCOLLATERALIZATION
                                             
Overcollateralization Target     3.00 %                              
Overcollateralization Floor     3.00 %                              
                        Beginning      Ending       Target   
Overcollateralization Amount     $ 51,879,777.34     $ 62,223,293.32     $ 62,223,293.32  
Overcollateralization as a % of Original Adjusted Pool     2.50 %   3.00 %   3.00 %
Overcollateralization as a % of Current Adjusted Pool     2.50 %   3.16 %   3.16 %
                                             
                                             
VIII.  DELINQUENCY AND NET LOSS ACTIVITY
                                             
Delinquent Receivables     Units Percent     Units     Dollars Percent      Amount   
     Current     98.46 %   76,844       98.25 % $ 2,041,004,035.16  
     30 - 60 Days     1.30 %   1,013       1.47 % $ 30,612,153.25  
     61 - 90 Days     0.24 %   186       0.27 % $ 5,666,965.53  
     91-120 Days     0.00 %   1       0.00 % $ 36,744.02  
     121 + Days     0.00 %   0       0.00 % $ -  
     Total     78,044             $ 2,077,319,897.96  
                                             
Delinquent Receivables 30+ Days Past Due
     Current Period     1.54 %   1,200       1.75 % $ 36,315,862.80  
     1st Preceding Collection Period
     2nd Preceding Collection Period
     3rd Preceding Collection Period                                
     Four-Month Average     1.54 %             1.75 %        
                                             
Ratio of 61+ Delinquency Receivables Balance to EOP Pool Balance     0.27 %      
    Delinquency Percentage exceeds Delinquency Trigger of 9.6% (Y/N)     No          
                                             
Repossession in Current Period     40             $ 1,513,247.82  
Repossession Inventory     47             $ 1,762,370.70  
                                             
Current Charge-Offs
     Gross Principal of Charge-Offs     $ 268,452.98  
     Recoveries     $ -  
     Net Loss     $ 268,452.98  
                                             
Ratio of Current Net Loss to Beginning Pool Balance (annualized)       0.15 %
                                             
Average Pool Balance for Current Period     $ 2,132,779,615.17  
                                             
Ratio of Current Net Loss to Average Pool Balance (annualized)
      Current Period       0.15 %
      1st Preceding Collection Period
      2nd Preceding Collection Period
      3rd Preceding Collection Period                                          
      Four-Month Average                                       0.15 % 
                                             
Cumulative Charge-Offs     Change in units from prior period     Cumulative Units     Cumulative Amount  
     Gross Principal of Charge-Offs     9       9     $ 268,452.98  
     Recoveries     -       -     $ -  
     Net Loss     $ 268,452.98  
Cumulative Net Loss as a % of Initial Pool Balance       0.01 %
                                             
Net Loss for Receivables that have experienced a Net Loss *     9       9     $ 268,452.98  
Average Net Loss for Receivables that have experienced a Net Loss     $ 29,828.11  
                                             
Principal Balance of Extensions     $ 20,841,116.19  
Number of Extensions       630  
                                             
* Excludes receivables with recovered amounts equal to or in excess of principal charge-offs due to the recovery of assessments, such as interest and fees.

 

2025B Report3 of 4 

 

 

Hyundai Auto Receivables Trust 2025-B
                                             
                                             
Collection Period       May 6, 2025 - June 30, 2025  
Distribution Date       07/15/25  
Transaction Month       1  
30/360 Days       34  
Actual/360 Days       34  
                                             

IX.  CREDIT RISK RETENTION INFORMATION
                                             
Fair Value of Notes and Certificate on the Closing Date:
(i) Class A-1 Notes:
(a) Fair Value of Class A-1 Notes in Dollars:   $ 448,000,000          
(b) Fair Value of Class A-1 Notes as a percentage of Total     20.79 %      
(ii) Class A-2-A Notes:
(a) Fair Value of Class A-2-A Notes in Dollars:   $ 436,800,000          
(b) Fair Value of Class A-2-A Notes as a percentage of Total     20.27 %      
(ii) Class A-2-B Notes:
(a) Fair Value of Class A-2-B Notes in Dollars:   $ 250,000,000          
(b) Fair Value of Class A-2-B Notes as a percentage of Total     11.60 %      
(iii) Class A-3 Notes:
(a) Fair Value of Class A-3 Notes in Dollars:   $ 653,200,000          
(b) Fair Value of Class A-3 Notes as a percentage of Total     30.31 %      
(iv) Class A-4 Notes:
(a) Fair Value of Class A-4 Notes in Dollars:   $ 134,660,000          
(b) Fair Value of Class A-4 Notes as a percentage of Total     6.25 %      
(v) Class B Notes:
(a) Fair Value of Class B Notes in Dollars:   $ 37,340,000          
(b) Fair Value of Class B Notes as a percentage of Total     1.73 %      
(vi) Class C Notes:
(a) Fair Value of Class C Notes in Dollars:   $ 62,230,000          
(b) Fair Value of Class C Notes as a percentage of Total     2.89 %      
(vii) Certificate:
(a) Fair Value of Certificate in Dollars:   $ 132,695,796          
(b) Fair Value of Certificate as a percentage of Total     6.16 %      
Reserve Account
(i) Amount on deposit on the Closing Date in Dollars:   $ 5,185,274          
(ii) Amount on deposit on the Closing Date as a percentage of Total:     0.24 %      
                                             
Total Fair Value of Notes and Certificate in Dollars:   $ 2,154,925,796          
                                             
Total Fair Value of Notes and Certificate as a percentage of Total:     100.00 %      
                                             
Sum of the Fair Value of the Certificate and the Amount on Deposit in the Reserve Account
(i) In Dollars:   $ 137,881,070          
(ii) As a percentage of Total:     6.40 %      

 

The sum of the amount on deposit in the reserve account on the Closing Date and the fair value of the Certificates is sufficient to satisfy the requirements of the SEC’s credit risk retention rules, 17 C.F.R. Part 246 (“Regulation RR”), which is greater than or equal to 5.00% of the fair value of the Notes and the Certificates, or $107,746,289.80 required to comply with Regulation RR. There were no material changes in the retained interest in the transaction.

 

X.  SOFR INFORMATION

 

There were no SOFR Adjustment Conforming Changes during the reporting period.

 

2025B Report4 of 4