Exhibit 99.1

 

World Omni Select Auto Trust 2024-A

Monthly Servicer Certificate

June 30, 2025   

 

Dates Covered                
Collections Period   06/01/25 - 06/30/25              
Interest Accrual Period   06/16/25 - 07/14/25              
30/360 Days   30              
Actual/360 Days   29              
Distribution Date   07/15/25              
                   
Collateral Pool Balance Data   $ Amount    # of Accounts         
Pool Balance at 05/31/25   526,642,862.98    19,025         
Principal Payments   22,342,010.99    733         
Defaulted Receivables   3,201,552.43    117         
Repurchased Accounts   0.00    0         
Pool Balance at 06/30/25   501,099,299.56    18,175         
                   
Pool Statistics   $ Amount    # of Accounts         
Pool Factor   62.80%             
Prepayment ABS Speed   2.12%             
Aggregate Starting Principal Balance   797,946,062.88    26,473         
                   
Delinquent Receivables:                  
Past Due 31-60 days   26,723,353.22    1,056         
Past Due 61-90 days   8,107,382.32    308         
Past Due 91-120 days   1,420,798.51    50         
Past Due 121+ days   0.00    0         
 Total   36,251,534.05    1,414         
                   
Total 31+ Delinquent as % Ending Pool Balance   7.23%             
Total 61+ Delinquent as % Ending Pool Balance   1.90%             
Delinquency Trigger Occurred   NO              
                   
Recoveries   2,083,776.14              
Aggregate Net Losses/(Gains) - June 2025   1,117,776.29              
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):              
Current Net Losses/(Gains) Ratio   2.55%             
Prior Net Losses/(Gains) Ratio   1.12%             
Second Prior Net Losses/(Gains) Ratio   1.83%             
Third Prior Net Losses/(Gains) Ratio   2.16%             
Four Month Average   1.92%             
                   
Cumulative Net Loss as a % of Aggregate Starting Principal Balance   1.58%             
                   
Overcollateralization Target Amount   30,065,957.97              
Actual Overcollateralization   30,065,957.97              
Weighted Average Contract Rate   10.64%             
Weighted Average Remaining Term   56.73              
                   
Flow of Funds   $ Amount              
Collections   28,980,492.87              
Investment Earnings on Cash Accounts   17,498.81              
Servicing Fee   (548,586.32)             
Transfer to Collection Account   -              
Available Funds   28,449,405.36              
                   
Distributions of Available Funds                  
    (1)  Asset Representation Reviewer Amounts (up to $150,000 per calendar year)   -              
    (2)  Class A Interest   1,403,861.75              
    (3)  Noteholders' First Priority Principal Distributable Amount   -              
    (4)  Class B Interest   158,464.83              
    (5)  Noteholders' Second Priority Principal Distributable Amount   -              
    (6)  Class C Interest   254,347.92              
    (7)  Noteholders' Third Priority Principal Distributable Amount   -              
    (8)  Noteholders' Fourth Priority Principal Distributable Amount   -              
    (9)  Noteholders' Fifth Priority Principal Distributable Amount   -              
   (10) Required Reserve Account   -              
   (11) Noteholders' Principal Distributable Amount   24,010,949.61              
   (12) Asset Representation Reviewer Amounts (in excess of 1)   -              
   (13) Distribution to Certificateholders   2,621,781.25              
                   
Total Distributions of Available Funds   28,449,405.36              
                   
Servicing Fee   548,586.32              
Unpaid Servicing Fee   0.00              
Change in amount of the unpaid servicing fee from the prior period   0.00              

 

 

 

 

Note Balances & Note Factors   $ Amount              
Original Class A   610,430,000.00              
Original Class B   36,710,000.00              
Original Class C   57,050,000.00              
Original Class D   39,900,000.00              
Original Class E   29,920,000.00              
                   
Total Class A, B, C, D, & E                  
Note Balance @ 06/16/25   495,044,291.20              
Principal Paid   24,010,949.61              
Note Balance @ 07/15/25   471,033,341.59              
                   
Class A-1                  
Note Balance @ 06/16/25   0.00              
Principal Paid   0.00              
Note Balance @ 07/15/25   0.00              
Note Factor @ 07/15/25   0.0000000%             
                   
Class A-2a                  
Note Balance @ 06/16/25   106,613,299.49              
Principal Paid   18,118,692.04              
Note Balance @ 07/15/25   88,494,607.45              
Note Factor @ 07/15/25   41.1124773%             
                   
Class A-2b                  
Note Balance @ 06/16/25   34,670,991.71              
Principal Paid   5,892,257.57              
Note Balance @ 07/15/25   28,778,734.14              
Note Factor @ 07/15/25   41.1124773%             
                   
Class A-3                  
Note Balance @ 06/16/25   190,180,000.00              
Principal Paid   0.00              
Note Balance @ 07/15/25   190,180,000.00              
Note Factor @ 07/15/25   100.0000000%             
                   
Class B                  
Note Balance @ 06/16/25   36,710,000.00              
Principal Paid   0.00              
Note Balance @ 07/15/25   36,710,000.00              
Note Factor @ 07/15/25   100.0000000%             
                   
Class C                  
Note Balance @ 06/16/25   57,050,000.00              
Principal Paid   0.00              
Note Balance @ 07/15/25   57,050,000.00              
Note Factor @ 07/15/25   100.0000000%             
                   
Class D                  
Note Balance @ 06/16/25   39,900,000.00              
Principal Paid   0.00              
Note Balance @ 07/15/25   39,900,000.00              
Note Factor @ 07/15/25   100.0000000%             
                   
Class E                  
Note Balance @ 06/16/25   29,920,000.00              
Principal Paid   0.00              
Note Balance @ 07/15/25   29,920,000.00              
Note Factor @ 07/15/25   100.0000000%             

 

Interest & Principal Payments   $ Amount              
Total Interest Paid   1,816,674.50              
Total Principal Paid   24,010,949.61              
Total Paid   25,827,624.11              
                   
Class A-1                  
Coupon   5.54500%             
Interest Paid   0.00              
Principal Paid   0.00              
Total Paid to A-1 Holders   0.00              
                   
Class A-2a                  
Coupon   5.37000%             
Interest Paid   477,094.52              
Principal Paid   18,118,692.04              
Total Paid to A-2a Holders   18,595,786.56              
                   
Class A-2b                  
SOFR Rate   4.30385%             
Coupon   4.92385%             
Interest Paid   137,520.23              
Principal Paid   5,892,257.57              
Total Paid to A-2b Holders   6,029,777.80              
                   
Class A-3                  
Coupon   4.98000%             
Interest Paid   789,247.00              
Principal Paid   0.00              
Total Paid to A-3 Holders   789,247.00              
                   
Class B                  
Coupon   5.18000%             
Interest Paid   158,464.83              
Principal Paid   0.00              
Total Paid to B Holders   158,464.83              
                   
Class C                  
Coupon   5.35000%             
Interest Paid   254,347.92              
Principal Paid   0.00              
Total Paid to C Holders   254,347.92              
                   
Class D                  
Principal Paid   0.00              
Total Paid to D Holders   0.00              
                   
Class E                  
Principal Paid   0.00              
Total Paid to E Holders   0.00              

 

 

 

 

Distribution per $1,000 of Notes   Total               
Total Interest Distribution Amount   2.3470944              
Total Interest Carryover Shortfall   0.0000000              
Total Principal Distribution Amount   31.0214979              
Total Distribution Amount   33.3685923              
                   
A-1 Interest Distribution Amount   0.0000000              
A-1 Interest Carryover Shortfall   0.0000000              
A-1 Principal Distribution Amount   0.0000000              
Total A-1 Distribution Amount   0.0000000              
                   
A-2a  Interest Distribution Amount   2.2164670              
A-2a Interest Carryover Shortfall   0.0000000              
A-2a  Principal Distribution Amount   84.1751082              
Total A-2a  Distribution Amount   86.3915752              
                   
A-2b Interest Distribution Amount   1.9645747              
A-2b Interest Carryover Shortfall   0.0000000              
A-2b  Principal Distribution Amount   84.1751081              
Total A-2b  Distribution Amount   86.1396828              
                   
A-3 Interest Distribution Amount   4.1500000              
A-3 Interest Carryover Shortfall   0.0000000              
A-3 Principal Distribution Amount   0.0000000              
Total A-3 Distribution Amount   4.1500000              
                   
B Interest Distribution Amount   4.3166666              
B Interest Carryover Shortfall   0.0000000              
B Principal Distribution Amount   0.0000000              
Total B Distribution Amount   4.3166666              
                   
C Interest Distribution Amount   4.4583334              
C Interest Carryover Shortfall   0.0000000              
C Principal Distribution Amount   0.0000000              
Total C Distribution Amount   4.4583334              
                   
D Principal Distribution Amount   0.0000000              
Total D Distribution Amount   0.0000000              
                   
E Principal Distribution Amount   0.0000000              
Total E Distribution Amount   0.0000000              
                   
Noteholders' First Priority Principal Distributable Amount   0.00              
Noteholders' Second Priority Principal Distributable Amount   0.00              
Noteholders' Third Priority Principal Distributable Amount   0.00              
Noteholders' Fourth Priority Principal Distributable Amount   0.00              
Noteholders' Fifth Priority Principal Distributable Amount   0.00              
Noteholders' Principal Distributable Amount   1,000.00              
                   
Account Balances   $ Amount              
Reserve Account                  
Balance as of 06/16/25   3,989,730.31              
Investment Earnings   13,942.04              
Investment Earnings Paid   (13,942.04)             
Deposit/(Withdrawal)   -              
Balance as of 07/15/25   3,989,730.31              
Change   -              
                   
Required Reserve Amount   3,989,730.31              

 

Credit Risk Retention Information                  

 

World Omni Financial Corp. (“World Omni”), as “originator” for the purposes of the EU Securitization Rules (as defined in the Sale and Servicing Agreement), continues to retain, a material net economic interest (the “EU Retained Interest”), in the form of retention of a first loss tranche as described in option (d) of Article 6(3) of the EU Securitization Regulation, by holding all the limited liability company interests in World Omni Auto Receivables LLC (“WOAR”), which in turn retains the Certificates (as defined in the Sale and Servicing Agreement) issued by World Omni Select Auto Trust 2024-A, such Certificates representing at least 5% of the aggregate nominal value of the Receivables (as defined in the Sale and Servicing Agreement) in the pool.
                   
World Omni has not (and has not permitted WOAR or any of its other affiliates to subject the EU Retained Interest to any hedge or otherwise mitigate its credit risk under or associated with the EU Retained Interest, or sell, transfer or otherwise surrender all or part of the rights, benefits or obligations arising from the EU Retained Interest) subject the EU Retained Interest to any credit risk mitigation or hedging, or sell, transfer or otherwise surrender all or part of the rights, benefits or obligations arising from the EU Retained Interest, except, in each case to the extent permitted in accordance with the EU Securitization Rules.  Further, World Omni has not changed the retention option or method of calculating the EU Retained Interest.