Exhibit 99.1

 

World Omni Auto Receivables Trust 2023-A
Monthly Servicer Certificate
August 31, 2025

 

Dates Covered    
Collections Period 08/01/25 - 08/31/25  
Interest Accrual Period 08/15/25 - 09/14/25  
30/360 Days 30  
Actual/360 Days 31  
Distribution Date 09/15/25  

 

Collateral Pool Balance Data   $ Amount   # of Accounts      
Pool Balance at 07/31/25   294,292,333.92    17,787      
Yield Supplement Overcollateralization Amount 07/31/25   18,016,048.39    0      
Receivables Balance 07/31/25   312,308,382.31    17,787      
Principal Payments   14,663,584.65    425      
Defaulted Receivables   393,705.73    19      
Repurchased Accounts   0.00    0      
Yield Supplement Overcollateralization Amount at 08/31/25   16,772,513.00    0      
Pool Balance at 08/31/25   280,478,578.93    17,343      

 

Pool Statistics   $ Amount   # of Accounts      
Pool Factor   26.62%          
Prepayment ABS Speed   1.27%          
Aggregate Starting Principal Balance   1,116,806,264.43    45,522      
                
Delinquent Receivables:               
Past Due 31-60 days   6,815,647.67    271      
Past Due 61-90 days   2,256,226.09    87      
Past Due 91-120 days   176,212.24    7      
Past Due 121+ days   0.00    0      
 Total   9,248,086.00    365      
                
Total 31+ Delinquent as % Aggregate Ending Principal Balance   3.11%          
Total 61+ Delinquent as % Aggregate Ending Principal Balance   0.82%          
Delinquency Trigger Occurred   NO           
                
Recoveries   311,067.10           
Aggregate Net Losses/(Gains) - August 2025   82,638.63           
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):               
Current Net Losses/(Gains) Ratio   0.32%          
Prior Net Losses/(Gains) Ratio   -0.37%          
Second Prior Net Losses/(Gains) Ratio   0.27%          
Third Prior Net Losses/(Gains) Ratio   -0.05%          
Four Month Average   0.04%          
                
Cumulative Net Loss as a % of Aggregate Starting Principal Balance   0.62%          
                
Overcollateralization Target Amount   5,038,175.22           
Actual Overcollateralization   5,038,175.22           
Weighted Average Contract Rate   5.91%          
Weighted Average Contract Rate, Yield Adjusted   10.03%          
Weighted Average Remaining Term   36.48           

 

Flow of Funds   $ Amount           
Collections   16,480,964.54           
Investment Earnings on Cash Accounts   20,321.33           
Servicing Fee   (260,256.99)          
Transfer to Collection Account   -           
Available Funds   16,241,028.88           
                
Distributions of Available Funds               
    (1)  Asset Representation Reviewer Amounts (up to $150,000 per year)   -           
    (2)  Class A Interest   967,886.16           
    (3)  Noteholders' First Priority Principal Distributable Amount   -           
    (4)  Class B Interest   126,714.08           
    (5)  Noteholders' Second Priority Principal Distributable Amount   -           
    (6)  Class C Interest   65,772.00           
    (7)  Noteholders' Third Priority Principal Distributable Amount   8,775,579.77           
    (8)  Required Reserve Account   -           
    (9)  Noteholders' Principal Distributable Amount   5,038,175.22           
   (10)  Asset Representation Reviewer Amounts (in excess of 1)   -           
   (11)  Distribution to Certificateholders   1,266,901.65           
                
Total Distributions of Available Funds   16,241,028.88           
                
Servicing Fee   260,256.99           
Unpaid Servicing Fee   -           
Change in amount of the unpaid servicing fee from the prior period   -           

 

 

 

 

Note Balances & Note Factors   $ Amount           
Original Class A   962,280,000.00           
Original Class B   30,230,000.00           
Original Class C   15,120,000.00           
                
Total Class A, B, & C               
Note Balance @ 08/15/25   289,254,158.70           
Principal Paid   13,813,754.99           
Note Balance @ 09/15/25   275,440,403.71           
                
Class A-1               
Note Balance @ 08/15/25   0.00           
Principal Paid   0.00           
Note Balance @ 09/15/25   0.00           
Note Factor @ 09/15/25   0.0000000%          
                
Class A-2a               
Note Balance @ 08/15/25   0.00           
Principal Paid   0.00           
Note Balance @ 09/15/25   0.00           
Note Factor @ 09/15/25   0.0000000%          
                
Class A-2b               
Note Balance @ 08/15/25   0.00           
Principal Paid   0.00           
Note Balance @ 09/15/25   0.00           
Note Factor @ 09/15/25   0.0000000%          
                
Class A-3               
Note Balance @ 08/15/25   146,294,158.70           
Principal Paid   13,813,754.99           
Note Balance @ 09/15/25   132,480,403.71           
Note Factor @ 09/15/25   47.3347162%          
                
Class A-4               
Note Balance @ 08/15/25   97,610,000.00           
Principal Paid   0.00           
Note Balance @ 09/15/25   97,610,000.00           
Note Factor @ 09/15/25   100.0000000%          
                
Class B               
Note Balance @ 08/15/25   30,230,000.00           
Principal Paid   0.00           
Note Balance @ 09/15/25   30,230,000.00           
Note Factor @ 09/15/25   100.0000000%          
                
Class C               
Note Balance @ 08/15/25   15,120,000.00           
Principal Paid   0.00           
Note Balance @ 09/15/25   15,120,000.00           
Note Factor @ 09/15/25   100.0000000%          

 

Interest & Principal Payments   $ Amount           
Total Interest Paid   1,160,372.24           
Total Principal Paid   13,813,754.99           
Total Paid   14,974,127.23           
                
Class A-1               
Coupon   4.86700%          
Interest Paid   0.00           
Principal Paid   0.00           
Total Paid to A-1 Holders   0.00           
                
Class A-2a               
Coupon   5.18000%          
Interest Paid   0.00           
Principal Paid   0.00           
Total Paid to A-2a Holders   0.00           
                
Class A-2b               
SOFR Rate   4.34270%          
Coupon   4.77270%          
Interest Paid   0.00           
Principal Paid   0.00           
Total Paid to A-2b Holders   0.00           
                
Class A-3               
Coupon   4.83000%          
Interest Paid   588,833.99           
Principal Paid   13,813,754.99           
Total Paid to A-3 Holders   14,402,588.98           
                
Class A-4               
Coupon   4.66000%          
Interest Paid   379,052.17           
Principal Paid   0.00           
Total Paid to A-4 Holders   379,052.17           
                
Class B               
Coupon   5.03000%          
Interest Paid   126,714.08           
Principal Paid   0.00           
Total Paid to B Holders   126,714.08           
                
Class C               
Coupon   5.22000%          
Interest Paid   65,772.00           
Principal Paid   0.00           
Total Paid to C Holders   65,772.00           

 

 

 

 

Distribution per $1,000 of Notes    Total            
Total Interest Distribution Amount   1.1515856           
Total Interest Carryover Shortfall   0.0000000           
Total Principal Distribution Amount   13.7091541           
Total Distribution Amount   14.8607397           
                
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   0.0000000           
A-2a Interest Carryover Shortfall   0.0000000           
A-2a  Principal Distribution Amount   0.0000000           
Total A-2a  Distribution Amount   0.0000000           
                
A-2b  Interest Distribution Amount   0.0000000           
A-2b Interest Carryover Shortfall   0.0000000           
A-2b  Principal Distribution Amount   0.0000000           
Total A-2b  Distribution Amount   0.0000000           
                
A-3 Interest Distribution Amount   2.1038802           
A-3 Interest Carryover Shortfall   0.0000000           
A-3 Principal Distribution Amount   49.3559918           
Total A-3 Distribution Amount   51.4598720           
                
A-4 Interest Distribution Amount   3.8833334           
A-4 Interest Carryover Shortfall   0.0000000           
A-4 Principal Distribution Amount   0.0000000           
Total A-4 Distribution Amount   3.8833334           
                
B Interest Distribution Amount   4.1916666           
B Interest Carryover Shortfall   0.0000000           
B Principal Distribution Amount   0.0000000           
Total B Distribution Amount   4.1916666           
                
C Interest Distribution Amount   4.3500000           
C Interest Carryover Shortfall   0.0000000           
C Principal Distribution Amount   0.0000000           
Total C Distribution Amount   4.3500000           
                
Noteholders' First Priority Principal Distributable Amount   0.00           
Noteholders' Second Priority Principal Distributable Amount   0.00           
Noteholders' Third Priority Principal Distributable Amount   635.28           
Noteholders' Principal Distributable Amount   364.72           

 

Account Balances   $ Amount           
Reserve Account               
Balance as of 08/15/25   5,038,175.22           
Investment Earnings   18,175.45           
Investment Earnings Paid   (18,175.45)          
Deposit/(Withdrawal)   -           
Balance as of 09/15/25   5,038,175.22           
Change   -           
                
Required Reserve Amount   5,038,175.22           

 

Other Servicing Information   Current Month    Prior Month    Two Months Prior 
Principal Balance of Receivables extended during the Collection Period  $1,907,020.62    2,230,808.12    2,349,105.10 
Number of Extensions   75    89    94 
Ratio of extensions to Beginning of Period Receivables Balance   0.61%   0.68%   0.68%