Exhibit 99.1

 

World Omni Auto Receivables Trust 2022-C      
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   262,559,028.31    17,065      
Yield Supplement Overcollateralization Amount 05/31/25   14,555,558.72    0      
Receivables Balance 05/31/25   277,114,587.03    17,065      
Principal Payments   12,989,279.90    328      
Defaulted Receivables   486,545.32    24      
Repurchased Accounts   0.00    0      
Yield Supplement Overcollateralization Amount at 06/30/25   13,480,516.57    0      
Pool Balance at 06/30/25   250,158,245.24    16,713      
                
Pool Statistics   $ Amount    # of Accounts      
Pool Factor   23.47%          
Prepayment ABS Speed   1.13%          
Aggregate Starting Principal Balance   1,123,484,105.00    42,981      
                
Delinquent Receivables:               
Past Due 31-60 days   6,277,850.55    290      
Past Due 61-90 days   1,880,609.24    94      
Past Due 91-120 days   143,541.51    10      
Past Due 121+ days   0.00    0      
 Total   8,302,001.30    394      
                
Total 31+ Delinquent as % Aggregate Ending Principal Balance   3.15%          
Total 61+ Delinquent as % Aggregate Ending Principal Balance   0.77%          
Delinquency Trigger Occurred   NO           
                
Recoveries   370,894.52           
Aggregate Net Losses/(Gains) - June 2025   115,650.80           
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):               
Current Net Losses/(Gains) Ratio   0.50%          
Prior Net Losses/(Gains) Ratio   -0.30%          
Second Prior Net Losses/(Gains) Ratio   -0.08%          
Third Prior Net Losses/(Gains) Ratio   -0.46%          
Four Month Average   -0.09%          
                
Cumulative Net Loss as a % of Aggregate Starting Principal Balance   0.67%          
                
Overcollateralization Target Amount   5,081,353.05           
Actual Overcollateralization   5,081,353.05           
Weighted Average Contract Rate   4.77%          
Weighted Average Contract Rate, Yield Adjusted   8.80%          
Weighted Average Remaining Term   32.84           
                
Flow of Funds   $ Amount           
Collections   14,455,687.57           
Investment Earnings on Cash Accounts   19,482.23           
Servicing Fee   (230,928.82)          
Transfer to Collection Account   -           
Available Funds   14,244,240.98           
                
Distributions of Available Funds               
    (1)  Asset Representation Reviewer Amounts (up to $150,000 per year)   -           
    (2)  Class A Interest   648,237.91           
    (3)  Noteholders' First Priority Principal Distributable Amount   -           
    (4)  Class B Interest   103,442.92           
    (5)  Noteholders' Second Priority Principal Distributable Amount   -           
    (6)  Class C Interest   55,350.58           
    (7)  Noteholders' Third Priority Principal Distributable Amount   7,319,430.02           
    (8)  Required Reserve Account   -           
    (9)  Noteholders' Principal Distributable Amount   5,081,353.05           
   (10)  Asset Representation Reviewer Amounts (in excess of 1)   -           
   (11)  Distribution to Certificateholders   1,036,426.50           
                
Total Distributions of Available Funds   14,244,240.98           
                
Servicing Fee   230,928.82           
Unpaid Servicing Fee   -           
Change in amount of the unpaid servicing fee from the prior period   -           

 

 

 

Note Balances & Note Factors   $ Amount           
Original Class A   966,300,000.00           
Original Class B   30,350,000.00           
Original Class C   15,130,000.00           
                
Total Class A, B, & C               
Note Balance @ 06/16/25   257,477,675.26           
Principal Paid   12,400,783.07           
Note Balance @ 07/15/25   245,076,892.19           
                
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-2               
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-3               
Note Balance @ 06/16/25   113,297,675.26           
Principal Paid   12,400,783.07           
Note Balance @ 07/15/25   100,896,892.19           
Note Factor @ 07/15/25   39.8959637%          
                
Class A-4               
Note Balance @ 06/16/25   98,700,000.00           
Principal Paid   0.00           
Note Balance @ 07/15/25   98,700,000.00           
Note Factor @ 07/15/25   100.0000000%          
                
Class B               
Note Balance @ 06/16/25   30,350,000.00           
Principal Paid   0.00           
Note Balance @ 07/15/25   30,350,000.00           
Note Factor @ 07/15/25   100.0000000%          
                
Class C               
Note Balance @ 06/16/25   15,130,000.00           
Principal Paid   0.00           
Note Balance @ 07/15/25   15,130,000.00           
Note Factor @ 07/15/25   100.0000000%          
                
Interest & Principal Payments   $ Amount           
Total Interest Paid   807,031.41           
Total Principal Paid   12,400,783.07           
Total Paid   13,207,814.48           
                
Class A-1               
Coupon   2.96900%          
Interest Paid   0.00           
Principal Paid   0.00           
Total Paid to A-1 Holders   0.00           
                
Class A-2               
Coupon   3.73000%          
Interest Paid   0.00           
Principal Paid   0.00           
Total Paid to A-2 Holders   0.00           
                
Class A-3               
Coupon   3.66000%          
Interest Paid   345,557.91           
Principal Paid   12,400,783.07           
Total Paid to A-3 Holders   12,746,340.98           
                
Class A-4               
Coupon   3.68000%          
Interest Paid   302,680.00           
Principal Paid   0.00           
Total Paid to A-4 Holders   302,680.00           
                
Class B               
Coupon   4.09000%          
Interest Paid   103,442.92           
Principal Paid   0.00           
Total Paid to B Holders   103,442.92           
                
Class C               
Coupon   4.39000%          
Interest Paid   55,350.58           
Principal Paid   0.00           
Total Paid to C Holders   55,350.58           

 

 

 

Distribution per $1,000 of Notes   Total            
Total Interest Distribution Amount   0.7976353           
Total Interest Carryover Shortfall   0.0000000           
Total Principal Distribution Amount   12.2564026           
Total Distribution Amount   13.0540379           
                
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-2  Interest Distribution Amount   0.0000000           
A-2 Interest Carryover Shortfall   0.0000000           
A-2  Principal Distribution Amount   0.0000000           
Total A-2  Distribution Amount   0.0000000           
                
A-3 Interest Distribution Amount   1.3663816           
A-3 Interest Carryover Shortfall   0.0000000           
A-3 Principal Distribution Amount   49.0343340           
Total A-3 Distribution Amount   50.4007156           
                
A-4 Interest Distribution Amount   3.0666667           
A-4 Interest Carryover Shortfall   0.0000000           
A-4 Principal Distribution Amount   0.0000000           
Total A-4 Distribution Amount   3.0666667           
                
B Interest Distribution Amount   3.4083334           
B Interest Carryover Shortfall   0.0000000           
B Principal Distribution Amount   0.0000000           
Total B Distribution Amount   3.4083334           
                
C Interest Distribution Amount   3.6583331           
C Interest Carryover Shortfall   0.0000000           
C Principal Distribution Amount   0.0000000           
Total C Distribution Amount   3.6583331           
                
Noteholders' First Priority Principal Distributable Amount   0.00           
Noteholders' Second Priority Principal Distributable Amount   0.00           
Noteholders' Third Priority Principal Distributable Amount   590.24           
Noteholders' Principal Distributable Amount   409.76           
                
Account Balances   $ Amount           
Reserve Account               
Balance as of 06/16/25   5,058,901.50           
Investment Earnings   17,678.24           
Investment Earnings Paid   (17,678.24)          
Deposit/(Withdrawal)   -           
Balance as of 07/15/25   5,058,901.50           
Change   -           
                
Required Reserve Amount   5,058,901.50           
                
Other Servicing Information   Current Month    Prior Month    Two Months Prior 
Principal Balance of Receivables extended during the Collection Period  $1,576,588.91   $1,610,501.54   $1,878,456.90 
Number of Extensions   78    78    86 
Ratio of extensions to Beginning of Period Receivables Balance   0.57%   0.55%   0.61%