Exhibit 99.1

 

World Omni Auto Receivables 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   676,489,658.95    30,085      
Yield Supplement Overcollateralization Amount 05/31/25   47,117,723.83    0      
Receivables Balance 05/31/25   723,607,382.78    30,085      
Principal Payments   30,253,909.28    672      
Defaulted Receivables   1,349,465.20    39      
Repurchased Accounts   0.00    0      
Yield Supplement Overcollateralization Amount at 06/30/25   44,263,490.97    0      
Pool Balance at 06/30/25   647,740,517.33    29,374      
                
Pool Statistics   $ Amount    # of Accounts      
Pool Factor   51.50%          
Prepayment ABS Speed   1.61%          
Aggregate Starting Principal Balance   1,343,677,474.68    40,916      
                
Delinquent Receivables:               
Past Due 31-60 days   9,949,538.74    323      
Past Due 61-90 days   3,508,345.41    123      
Past Due 91-120 days   570,990.29    25      
Past Due 121+ days   0.00    0      
 Total   14,028,874.44    471      
                
Total 31+ Delinquent as % Aggregate Ending Principal Balance   2.03%          
Total 61+ Delinquent as % Aggregate Ending Principal Balance   0.59%          
Delinquency Trigger Occurred   NO           
                
Recoveries   1,039,640.60           
Aggregate Net Losses/(Gains) - June 2025   309,824.60           
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):               
Current Net Losses/(Gains) Ratio   0.51%          
Prior Net Losses/(Gains) Ratio   0.28%          
Second Prior Net Losses/(Gains) Ratio   0.49%          
Third Prior Net Losses/(Gains) Ratio   0.13%          
Four Month Average   0.35%          
                
Cumulative Net Loss as a % of Aggregate Starting Principal Balance   0.57%          
                
Overcollateralization Target Amount   7,449,015.95           
Actual Overcollateralization   7,449,015.95           
Weighted Average Contract Rate   6.58%          
Weighted Average Contract Rate, Yield Adjusted   10.47%          
Weighted Average Remaining Term   45.71           
                
Flow of Funds   $ Amount           
Collections   35,229,862.76           
Investment Earnings on Cash Accounts   15,039.17           
Servicing Fee   (603,006.15)          
Transfer to Collection Account   -           
Available Funds   34,641,895.78           
                
Distributions of Available Funds               
    (1)  Asset Representation Reviewer Amounts (up to $150,000 per year)   -           
    (2)  Class A Interest   2,471,714.70           
    (3)  Noteholders' First Priority Principal Distributable Amount   -           
    (4)  Class B Interest   156,390.25           
    (5)  Noteholders' Second Priority Principal Distributable Amount   2,529,510.54           
    (6)  Class C Interest   81,597.00           
    (7)  Noteholders' Third Priority Principal Distributable Amount   18,440,000.00           
    (8)  Required Reserve Account   -           
    (9)  Noteholders' Principal Distributable Amount   7,449,015.95           
   (10)  Asset Representation Reviewer Amounts (in excess of 1)   -           
   (11)  Distribution to Certificateholders   3,513,667.34           
                
Total Distributions of Available Funds   34,641,895.78           
                
Servicing Fee   603,006.15           
Unpaid Servicing Fee   -           
Change in amount of the unpaid servicing fee from the prior period   -           

 

 

 

 

Note Balances & Note Factors   $ Amount           
Original Class A   1,170,710,000.00           
Original Class B   36,870,000.00           
Original Class C   18,440,000.00           
                
Total Class A, B, & C               
Note Balance @ 06/16/25   668,710,027.87           
Principal Paid   28,418,526.49           
Note Balance @ 07/15/25   640,291,501.38           
                
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   36,616,842.09           
Principal Paid   11,403,795.94           
Note Balance @ 07/15/25   25,213,046.15           
Note Factor @ 07/15/25   14.4686366%          
                
Class A-2b               
Note Balance @ 06/16/25   54,633,185.78           
Principal Paid   17,014,730.55           
Note Balance @ 07/15/25   37,618,455.23           
Note Factor @ 07/15/25   14.4686366%          
                
Class A-3               
Note Balance @ 06/16/25   434,260,000.00           
Principal Paid   0.00           
Note Balance @ 07/15/25   434,260,000.00           
Note Factor @ 07/15/25   100.0000000%          
                
Class A-4               
Note Balance @ 06/16/25   87,890,000.00           
Principal Paid   0.00           
Note Balance @ 07/15/25   87,890,000.00           
Note Factor @ 07/15/25   100.0000000%          
                
Class B               
Note Balance @ 06/16/25   36,870,000.00           
Principal Paid   0.00           
Note Balance @ 07/15/25   36,870,000.00           
Note Factor @ 07/15/25   100.0000000%          
                
Class C               
Note Balance @ 06/16/25   18,440,000.00           
Principal Paid   0.00           
Note Balance @ 07/15/25   18,440,000.00           
Note Factor @ 07/15/25   100.0000000%          
                
Interest & Principal Payments   $ Amount           
Total Interest Paid   2,709,701.95           
Total Principal Paid   28,418,526.49           
Total Paid   31,128,228.44           
                
Class A-1               
Coupon   5.51900%          
Interest Paid   0.00           
Principal Paid   0.00           
Total Paid to A-1 Holders   0.00           
                
Class A-2a               
Coupon   5.05000%          
Interest Paid   154,095.88           
Principal Paid   11,403,795.94           
Total Paid to A-2a Holders   11,557,891.82           
                
Class A-2b               
SOFR Rate   4.30385%          
Coupon   4.64385%          
Interest Paid   204,376.15           
Principal Paid   17,014,730.55           
Total Paid to A-2b Holders   17,219,106.70           
                
Class A-3               
Coupon   4.86000%          
Interest Paid   1,758,753.00           
Principal Paid   0.00           
Total Paid to A-3 Holders   1,758,753.00           
                
Class A-4               
Coupon   4.84000%          
Interest Paid   354,489.67           
Principal Paid   0.00           
Total Paid to A-4 Holders   354,489.67           
                
Class B               
Coupon   5.09000%          
Interest Paid   156,390.25           
Principal Paid   0.00           
Total Paid to B Holders   156,390.25           

 

 

 

 

Class C               
Coupon   5.31000%          
Interest Paid   81,597.00           
Principal Paid   0.00           
Total Paid to C Holders   81,597.00           

 

Distribution per $1,000 of Notes   Total           
Total Interest Distribution Amount   2.2101613           
Total Interest Carryover Shortfall   0.0000000           
Total Principal Distribution Amount   23.1794967           
Total Distribution Amount   25.3896580           
                
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   0.8842872           
A-2a Interest Carryover Shortfall   0.0000000           
A-2a  Principal Distribution Amount   65.4412713           
Total A-2a  Distribution Amount   66.3255585           
                
A-2b  Interest Distribution Amount   0.7860621           
A-2b Interest Carryover Shortfall   0.0000000           
A-2b  Principal Distribution Amount   65.4412713           
Total A-2b  Distribution Amount   66.2273334           
                
A-3 Interest Distribution Amount   4.0500000           
A-3 Interest Carryover Shortfall   0.0000000           
A-3 Principal Distribution Amount   0.0000000           
Total A-3 Distribution Amount   4.0500000           
                
A-4 Interest Distribution Amount   4.0333334           
A-4 Interest Carryover Shortfall   0.0000000           
A-4 Principal Distribution Amount   0.0000000           
Total A-4 Distribution Amount   4.0333334           
                
B Interest Distribution Amount   4.2416667           
B Interest Carryover Shortfall   0.0000000           
B Principal Distribution Amount   0.0000000           
Total B Distribution Amount   4.2416667           
                
C Interest Distribution Amount   4.4250000           
C Interest Carryover Shortfall   0.0000000           
C Principal Distribution Amount   0.0000000           
Total C Distribution Amount   4.4250000           
                
Noteholders' First Priority Principal Distributable Amount   0.00           
Noteholders' Second Priority Principal Distributable Amount   89.01           
Noteholders' Third Priority Principal Distributable Amount   648.87           
Noteholders' Principal Distributable Amount   262.12           
                
Account Balances   $ Amount           
Reserve Account               
Balance as of 06/16/25   3,072,738.16           
Investment Earnings   10,737.63           
Investment Earnings Paid   (10,737.63)          
Deposit/(Withdrawal)   -           
Balance as of 07/15/25   3,072,738.16           
Change   -           
                
Required Reserve Amount   3,072,738.16