Exhibit 99.1

 

World Omni Select Auto Trust 2024-A      
Monthly Servicer Certificate      
February 28, 2026      

 

Dates Covered        
Collections Period   02/01/26 - 02/28/26      
Interest Accrual Period   02/17/26 - 03/15/26      
30/360 Days   30      
Actual/360 Days   27      
Distribution Date   03/16/26      
           
Collateral Pool Balance Data   $ Amount    # of Accounts 
Pool Balance at 01/31/26   362,898,189.54    13,514 
Principal Payments   13,298,075.16    341 
Defaulted Receivables   2,416,615.19    103 
Repurchased Accounts   0.00    0 
Pool Balance at 02/28/26   347,183,499.19    13,070 
           
Pool Statistics   $ Amount    # of Accounts 
Pool Factor   43.51%     
Prepayment ABS Speed   1.59%     
Aggregate Starting Principal Balance   797,946,062.88    26,473 
           
Delinquent Receivables:          
Past Due 31-60 days   22,222,916.47    842 
Past Due 61-90 days   7,008,973.04    270 
Past Due 91-120 days   2,015,337.47    78 
Past Due 121+ days   0.00    0 
 Total   31,247,226.98    1,190 
           
Total 31+ Delinquent as % Ending Pool Balance   9.00%     
Total 61+ Delinquent as % Ending Pool Balance   2.60%     
Delinquency Trigger Occurred   NO      
           
Recoveries   1,703,996.72      
Aggregate Net Losses/(Gains) - February 2026   712,618.47      
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):          
Current Net Losses/(Gains) Ratio   2.36%     
Prior Net Losses/(Gains) Ratio   2.87%     
Second Prior Net Losses/(Gains) Ratio   4.32%     
Third Prior Net Losses/(Gains) Ratio   2.31%     
Four Month Average   2.97%     
           
Cumulative Net Loss as a % of Aggregate Starting Principal Balance   2.57%     
           
Overcollateralization Target Amount   19,095,092.46      
Actual Overcollateralization   19,095,092.46      
Weighted Average Contract Rate   10.53%     
Weighted Average Remaining Term   49.73      
           
Flow of Funds   $ Amount      
Collections   17,972,262.77      
Investment Earnings on Cash Accounts   12,521.96      
Servicing Fee   (378,018.95)     
Transfer to Collection Account   -      
Available Funds   17,606,765.78      
           
Distributions of Available Funds          
    (1)  Asset Representation Reviewer Amounts (up to $150,000 per calendar year)   -      
    (2)  Class A Interest   736,808.84      
    (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   13,035,891.44      
   (12) Asset Representation Reviewer Amounts (in excess of 1)   -      
   (13) Distribution to Certificateholders   3,421,252.75      
           
Total Distributions of Available Funds   17,606,765.78      
           
Servicing Fee   378,018.95      
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 @ 02/17/26   341,124,298.17      
Principal Paid   13,035,891.44      
Note Balance @ 03/16/26   328,088,406.73      
           
Class A-1          
Note Balance @ 02/17/26   0.00      
Principal Paid   0.00      
Note Balance @ 03/16/26   0.00      
Note Factor @ 03/16/26   0.0000000%     
           
Class A-2a          
Note Balance @ 02/17/26   0.00      
Principal Paid   0.00      
Note Balance @ 03/16/26   0.00      
Note Factor @ 03/16/26   0.0000000%     
           
Class A-2b          
Note Balance @ 02/17/26   0.00      
Principal Paid   0.00      
Note Balance @ 03/16/26   0.00      
Note Factor @ 03/16/26   0.0000000%     
           
Class A-3          
Note Balance @ 02/17/26   177,544,298.17      
Principal Paid   13,035,891.44      
Note Balance @ 03/16/26   164,508,406.73      
Note Factor @ 03/16/26   86.5014232%     
           
Class B          
Note Balance @ 02/17/26   36,710,000.00      
Principal Paid   0.00      
Note Balance @ 03/16/26   36,710,000.00      
Note Factor @ 03/16/26   100.0000000%     
           
Class C          
Note Balance @ 02/17/26   57,050,000.00      
Principal Paid   0.00      
Note Balance @ 03/16/26   57,050,000.00      
Note Factor @ 03/16/26   100.0000000%     
           
Class D          
Note Balance @ 02/17/26   39,900,000.00      
Principal Paid   0.00      
Note Balance @ 03/16/26   39,900,000.00      
Note Factor @ 03/16/26   100.0000000%     
           
Class E          
Note Balance @ 02/17/26   29,920,000.00      
Principal Paid   0.00      
Note Balance @ 03/16/26   29,920,000.00      
Note Factor @ 03/16/26   100.0000000%     
           
Interest & Principal Payments   $ Amount      
Total Interest Paid   1,149,621.59      
Total Principal Paid   13,035,891.44      
Total Paid   14,185,513.03      
           
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   0.00      
Principal Paid   0.00      
Total Paid to A-2a Holders   0.00      
           
Class A-2b          
SOFR Rate   3.65819%     
Coupon   4.27819%     
Interest Paid   0.00      
Principal Paid   0.00      
Total Paid to A-2b Holders   0.00      
           
Class A-3          
Coupon   4.98000%     
Interest Paid   736,808.84      
Principal Paid   13,035,891.44      
Total Paid to A-3 Holders   13,772,700.28      
           
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   1.4852800      
Total Interest Carryover Shortfall   0.0000000      
Total Principal Distribution Amount   16.8420194      
Total Distribution Amount   18.3272994      
           
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   3.8742709      
A-3 Interest Carryover Shortfall   0.0000000      
A-3 Principal Distribution Amount   68.5450176      
Total A-3 Distribution Amount   72.4192885      
           
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 02/17/26   3,989,730.31      
Investment Earnings   10,712.41      
Investment Earnings Paid   (10,712.41)     
Deposit/(Withdrawal)   -      
Balance as of 03/16/26   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.