# Auto Credit Intelligence · Perimeter

who is on the desk, who is not, and why.

Live page: https://getbookiq.com/intel/#perim

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Reg AB II forces the loan tape into the open only for SEC-registered deals. A shelf that issues 144A files nothing, and the lenders most likely to fail choose 144A for exactly that reason. Tricolor, DriveTime, and American Car Center were all 144A. Verified against EDGAR full-text search for form ABS-EE on 2026-08-30; counts are total ABS-EE filings ever made under that shelf name.
TAPES PUBLIC: SHELVES THIS ROOM CAN INGEST
SHELF	SPONSOR	TIER	STATUS	ABS-EE FILINGS
Santander Drive Auto Receivables Trust (DRIVE)	Santander Consumer USA	subprime	TAPES PUBLIC	2,780
AmeriCredit Automobile Receivables Trust (AMCAR)	GM Financial	subprime	TAPES PUBLIC	1,115
Exeter Automobile Receivables Trust (EART)	Exeter Finance	deep subprime	TAPES PUBLIC	1,009
Carvana Auto Receivables Trust (CRVNA)	Carvana	mixed prime-subprime	TAPES PUBLIC	853
World Omni Select Auto Trust	World Omni	near prime	TAPES PUBLIC	237
CarMax Auto Owner Trust (CARMX)	CarMax	prime	TAPES PUBLIC	1,581
World Omni Auto Receivables Trust (WOART)	World Omni (Toyota SET)	prime	TAPES PUBLIC	1,602
Toyota Auto Receivables Owner Trust (TAOT)	Toyota Motor Credit	prime	TAPES PUBLIC	1,563
GM Financial Consumer Automobile Receivables Trust (GMCAR)	GM Financial	prime	TAPES PUBLIC	1,355

Same sponsor as the AMCAR subprime shelf. Running both is the cleanest controlled prime-versus-subprime read one underwriter can provide.

Honda Auto Receivables Owner Trust (HAROT)	American Honda Finance	prime	TAPES PUBLIC	1,295
Hyundai Auto Receivables Trust (HART)	Hyundai Capital America	prime	TAPES PUBLIC	1,065
Ford Credit Auto Owner Trust (FORDO)	Ford Motor Credit	prime	TAPES PUBLIC	1,047
Nissan Auto Receivables Owner Trust (NAROT)	Nissan Motor Acceptance	prime	TAPES PUBLIC	907
Ally Auto Receivables Trust (ALLYA)	Ally Bank	prime	TAPES PUBLIC	812
Capital One Prime Auto Receivables Trust (COPAR)	Capital One	prime	TAPES PUBLIC	409
Bridgecrest Lending Auto Securitization Trust (BLAST) / DT Auto	DriveTime	deep subprime	TAPES PUBLIC	21

The DT Auto Owner Trust deals were 144A. BLAST 2025-1 (CIK 2050168) files ABS-EE loan tapes, so Bridgecrest entered the registered perimeter in 2025; verified Sep 2026.

Volkswagen Auto Loan Enhanced Trust (VALET)	VW Credit	prime	TAPES PUBLIC	19
THE DARK LIST: SHELVES YOU CANNOT SEE, BY DESIGN
SHELF	SPONSOR	TIER	STATUS	ABS-EE FILINGS
CPS Auto Receivables Trust	Consumer Portfolio Services	subprime	144A · DARK	0

The sponsor files 10-Ks and appears on the public scoreboard, but its deals issue 144A: the company is visible and its collateral is not.

Westlake Automobile Receivables Trust	Westlake Financial	subprime	144A · DARK	0
GLS Auto Receivables Trust	Global Lending Services	deep subprime	144A · DARK	0
Flagship Credit Auto Trust	Flagship Credit Acceptance	subprime	144A · DARK	0
Tricolor Auto Securitization Trust	Tricolor (failed September 2025)	deep subprime	144A · DARK	0

Every Tricolor deal issued 144A. The loan tapes behind the September 2025 collapse were never public and never will be. This row is the argument for the whole perimeter view.

First Investors Auto Owner Trust	First Investors Financial Services	subprime	144A · DARK	0