Santander Drive Auto Trust 2023-1 Files 2024 10-K
| Field | Detail |
|---|---|
| Company | Santander Drive Auto Receivables Trust 2023-1 |
| Form Type | 10-K |
| Filed Date | Mar 26, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, asset-backed securities, auto loans, securitization
TL;DR
Santander Drive Auto Trust 2023-1 filed its 2024 10-K. Auto loan ABS issuer.
AI Summary
Santander Drive Auto Receivables Trust 2023-1 filed its 10-K report for the fiscal year ending December 31, 2024. The filing details the company's operations as an asset-backed securities issuer, primarily dealing with auto loans. The report was filed on March 26, 2025, under the 1934 Securities Exchange Act.
Why It Matters
This filing provides investors and analysts with a comprehensive overview of the financial health and operational performance of Santander's auto loan securitization trust for the 2024 fiscal year.
Risk Assessment
Risk Level: low — This is a routine annual filing for an asset-backed securities trust, not indicating any immediate or unusual risks.
Key Numbers
- 2024 — Fiscal Year End (The period covered by the annual report.)
- 2025-03-26 — Filing Date (The date the 10-K was officially submitted to the SEC.)
Key Players & Entities
- Santander Drive Auto Receivables Trust 2023-1 (company) — Filer of the 10-K report
- SANTANDER DRIVE AUTO RECEIVABLES LLC (company) — Related entity, likely the servicer or sponsor
- 2024-12-31 (date) — Fiscal year end for the report
- 2025-03-26 (date) — Filing date of the 10-K
- 1601 ELM STREET, SUITE 800, DALLAS, TX 75201 (address) — Business and mailing address for both Santander Drive Auto Receivables Trust 2023-1 and SANTANDER DRIVE AUTO RECEIVABLES LLC
FAQ
What is the primary business of Santander Drive Auto Receivables Trust 2023-1?
The primary business is related to asset-backed securities, specifically auto loans, as indicated by the SIC code [6189] and ABS asset class.
When did the fiscal year covered by this 10-K report end?
The fiscal year covered by this 10-K report ended on December 31, 2024.
What is the filing date of this 10-K report?
This 10-K report was filed on March 26, 2025.
What is the legal structure and state of incorporation for the filer?
The filer, Santander Drive Auto Receivables Trust 2023-1, is structured as an asset-backed security and is incorporated in Delaware (DE).
Who is listed as a related company with a former name?
SANTANDER DRIVE AUTO RECEIVABLES LLC was formerly known as DRIVE AUTO RECEIVABLES LLC, with a date of name change on December 8, 2006.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 26, 2025 regarding Santander Drive Auto Receivables Trust 2023-1.