Nissan Auto Receivables Trust Files 10-K, Confirms Compliance
| Field | Detail |
|---|---|
| Company | Nissan Auto Receivables 2024-B Owner Trust |
| Form Type | 10-K |
| Filed Date | Jun 27, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: Asset-Backed Securities, Auto Loans, Securitization, 10-K Filing, Regulatory Compliance, Nissan, Fixed Income
TL;DR
**This 10-K is a routine compliance check for Nissan's auto loan securitization, offering no new financial insights but confirming regulatory adherence.**
AI Summary
The Nissan Auto Receivables 2024-B Owner Trust, an asset-backed securities issuer, filed its 10-K for the fiscal year ended March 31, 2025. As a pass-through entity for auto loan securitization, it does not report traditional revenue or net income figures. The trust's primary business involves holding and servicing a pool of auto receivables originated by Nissan Motor Acceptance Company LLC. Key changes or risks are not explicitly detailed in the provided excerpt, which focuses on administrative and identification information rather than financial performance or operational shifts. The strategic outlook for such a trust is inherently tied to the performance of the underlying auto loan portfolio and the broader economic conditions affecting consumer credit and vehicle sales. The trust confirms it has filed all required reports under Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months, indicating compliance with regulatory obligations.
Why It Matters
This 10-K filing is crucial for investors holding asset-backed securities tied to Nissan auto loans, providing transparency on the trust's regulatory compliance and structure. While not detailing financial performance, it confirms the Nissan Auto Receivables 2024-B Owner Trust's adherence to SEC reporting requirements, which is a baseline expectation for maintaining investor confidence. For employees of Nissan Motor Acceptance Company LLC, the sponsor, it underscores the ongoing securitization activities that support the company's lending operations. In the broader market, it reflects the continued functioning of the auto ABS market, a key component of consumer credit and vehicle financing, amidst competitive pressures from other auto lenders.
Risk Assessment
Risk Level: low — The risk level is low because this 10-K is a standard compliance filing for an asset-backed securities trust, confirming it has met all reporting requirements for the fiscal year ended March 31, 2025. The filing itself does not introduce new financial risks or operational changes, but rather serves as an administrative update, indicating a stable regulatory environment for the trust.
Analyst Insight
Investors in Nissan Auto Receivables 2024-B Owner Trust should view this filing as a confirmation of regulatory compliance, not a signal for immediate action. Continue to monitor the performance of the underlying auto loan portfolio through other reports, as this 10-K primarily addresses administrative and structural details.
Key Numbers
- March 31, 2025 — Fiscal Year End (The period covered by this annual report.)
- 0002035264 — Issuing Entity CIK (Unique identifier for Nissan Auto Receivables 2024-B Owner Trust.)
- 333-279448-01 — SEC File Number (Commission file number for the Issuing Entity.)
Key Players & Entities
- Nissan Auto Receivables 2024-B Owner Trust (company) — Issuing Entity
- Nissan Auto Receivables Company LLC II (company) — Depositor
- Nissan Motor Acceptance Company LLC (company) — Sponsor
- SEC (regulator) — Securities and Exchange Commission
- March 31, 2025 (date) — Fiscal year end
- 0002035264 (number) — Central Index Key of Issuing Entity
- 0001129068 (number) — Central Index Key of Depositor
- 0001540639 (number) — Central Index Key of Sponsor
- 333-279448-01 (number) — Commission file number of Issuing Entity
- 615-725-1121 (number) — Registrant's telephone number
FAQ
What is the primary purpose of the Nissan Auto Receivables 2024-B Owner Trust?
The Nissan Auto Receivables 2024-B Owner Trust's primary purpose is to act as an issuing entity for asset-backed securities, holding and servicing a pool of auto receivables originated by Nissan Motor Acceptance Company LLC.
When did the fiscal year for Nissan Auto Receivables 2024-B Owner Trust end?
The fiscal year for the Nissan Auto Receivables 2024-B Owner Trust ended on March 31, 2025, as stated in the 10-K filing.
Who is the sponsor of the Nissan Auto Receivables 2024-B Owner Trust?
Nissan Motor Acceptance Company LLC is identified as the sponsor of the Nissan Auto Receivables 2024-B Owner Trust, with Central Index Key 0001540639.
Has the Nissan Auto Receivables 2024-B Owner Trust filed all required reports?
Yes, the registrant indicated by check mark that it has filed all reports required by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months.
What is the Central Index Key (CIK) for the Nissan Auto Receivables 2024-B Owner Trust?
The Central Index Key (CIK) for the Nissan Auto Receivables 2024-B Owner Trust is 0002035264.
Where are the principal executive offices of the Nissan Auto Receivables 2024-B Owner Trust located?
The principal executive offices of the Nissan Auto Receivables 2024-B Owner Trust are located at One Nissan Way, Franklin, Tennessee 37067.
Is the Nissan Auto Receivables 2024-B Owner Trust considered a well-known seasoned issuer?
No, the registrant indicated by check mark that it is not a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
What type of asset class does this ABS filing relate to?
This ABS filing relates to the 'Auto loans' asset class, as specified in the filing's ABS Asset Class field.
What is the business phone number for the Nissan Auto Receivables 2024-B Owner Trust?
The registrant's telephone number, including area code, is (615) 725-1121.
Are there any securities registered pursuant to Section 12(b) of the Act for this trust?
No, the filing explicitly states that there are 'None' securities registered pursuant to Section 12(b) of the Act.
Industry Context
The auto finance industry is closely tied to the automotive sales market and broader economic conditions. Asset-backed securities (ABS) backed by auto loans are a significant component of this market, providing liquidity for lenders. The performance of these ABS is directly influenced by consumer credit quality, interest rate environments, and vehicle depreciation rates.
Regulatory Implications
As an entity that files with the SEC, Nissan Auto Receivables 2024-B Owner Trust must comply with all reporting requirements under the Securities Exchange Act of 1934. This includes timely filing of its annual 10-K report, ensuring accuracy and completeness of disclosures related to its operations and the underlying assets.
What Investors Should Do
- Review underlying loan portfolio performance
- Monitor economic indicators impacting consumer credit
Key Dates
- 2025-03-31: Fiscal Year End — Marks the end of the reporting period for the 10-K filing.
Glossary
- Asset-Backed Securities (ABS)
- Securities that are backed by a pool of assets such as loans, leases, or credit card debt. (Nissan Auto Receivables 2024-B Owner Trust is an ABS issuer, specifically dealing with auto loans.)
- 10-K
- An annual report required by the U.S. Securities and Exchange Commission (SEC) that gives a comprehensive summary of a company's financial performance. (This document is the 10-K filing for the Nissan Auto Receivables 2024-B Owner Trust.)
- SEC File Number
- A unique identifier assigned by the SEC to a company's registration statements and reports. (333-279448-01 is the SEC file number for the Issuing Entity.)
- Central Index Key (CIK)
- A unique identifier assigned to each entity that files with the SEC. (0002035264 is the CIK for Nissan Auto Receivables 2024-B Owner Trust.)
- Depositor
- An entity that transfers assets to a trust in exchange for securities issued by the trust. (Nissan Auto Receivables Company LLC II is the depositor for this trust.)
- Sponsor
- The entity that originates the assets being securitized and typically has an ongoing role in the transaction. (Nissan Motor Acceptance Company LLC is the sponsor of the auto loans.)
Year-Over-Year Comparison
This filing is for the fiscal year ended March 31, 2025. As this is the initial 10-K filing for the Nissan Auto Receivables 2024-B Owner Trust, there are no prior year comparisons available within this document. Future filings will provide year-over-year data for key metrics and risk factor evolution.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on June 27, 2025 regarding Nissan Auto Receivables 2024-B Owner Trust.