Exhibit 99.1

 

World Omni Auto Receivables Trust 2024-C
Monthly Servicer Certificate
June 30, 2026
 

 

Dates Covered            
Collections Period   06/01/26 - 06/30/26           
Interest Accrual Period   06/15/26 - 07/14/26           
30/360 Days   30           
Actual/360 Days   30           
Distribution Date   07/15/26           

 

Collateral Pool Balance Data   $ Amount    # of Accounts      
Pool Balance at 05/31/26   480,566,587.61    22,420      
Yield Supplement Overcollateralization Amount 05/31/26   26,651,211.91    0      
Receivables Balance 05/31/26   507,217,799.52    22,420      
Principal Payments   22,381,301.45    533      
Defaulted Receivables   998,034.93    35      
Repurchased Accounts   0.00    0      
Yield Supplement Overcollateralization Amount at 06/30/26   24,901,737.48    0      
Pool Balance at 06/30/26   458,936,725.66    21,852      

 

Pool Statistics   $ Amount    # of Accounts      
Pool Factor   36.86%          
Prepayment ABS Speed   1.50%          
Aggregate Starting Principal Balance   1,312,595,946.50    46,537      
                
                
Delinquent Receivables:               
Past Due 31-60 days   9,417,065.63    327      
Past Due 61-90 days   3,433,876.22    117      
Past Due 91-120 days   751,082.08    28      
Past Due 121+ days   0.00    0      
 Total   13,602,023.93    472      
                
Total 31+ Delinquent as % Aggregate Ending Principal Balance   2.81%          
Total 61+ Delinquent as % Aggregate Ending Principal Balance   0.86%          
Delinquency Trigger Occurred   NO           
                
Recoveries   787,238.72           
Aggregate Net Losses/(Gains) - June 2026   210,796.21           
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   0.51%          
Second Prior Net Losses/(Gains) Ratio   0.47%          
Third Prior Net Losses/(Gains) Ratio   0.25%          
Four Month Average   0.43%          
                
Cumulative Net Loss as a % of Aggregate Starting Principal Balance   0.82%          
                
Overcollateralization Target Amount   6,052,770.45           
Actual Overcollateralization   6,052,770.45           
Weighted Average Contract Rate   6.79%          
Weighted Average Contract Rate, Yield Adjusted   10.03%          
Weighted Average Remaining Term   42.79           

 

Flow of Funds   $ Amount           
                
Collections   26,100,536.72           
Investment Earnings on Cash Accounts   11,237.97           
Servicing Fee   (422,681.50)          
Transfer to Collection Account   -           
Available Funds   25,689,093.19           
                
Distributions of Available Funds               
    (1)  Asset Representation Reviewer Amounts (up to $150,000 per year)   -           
    (2)  Class A Interest   1,551,137.93           
    (3)  Noteholders' First Priority Principal Distributable Amount   -           
    (4)  Class B Interest   141,648.00           
    (5)  Noteholders' Second Priority Principal Distributable Amount   -           
    (6)  Class C Interest   73,094.00           
    (7)  Noteholders' Third Priority Principal Distributable Amount   15,577,091.50           
    (8)  Required Reserve Account   -           
    (9)  Noteholders' Principal Distributable Amount   6,052,770.45           
   (10)  Asset Representation Reviewer Amounts (in excess of 1)   -           
   (11)  Distribution to Certificateholders   2,293,351.31           
                
Total Distributions of Available Funds   25,689,093.19           
                
Servicing Fee   422,681.50           
Unpaid Servicing Fee   -           
Change in amount of the unpaid servicing fee from the prior period   -           

 

 

 

 

Note Balances & Note Factors   $ Amount           
Original Class A   1,156,070,000.00           
Original Class B   36,320,000.00           
Original Class C   18,160,000.00           
                
Total Class A, B, & C               
Note Balance @ 06/15/26   474,513,817.16           
Principal Paid   21,629,861.95           
Note Balance @ 07/15/26   452,883,955.21           
                
Class A-1               
Note Balance @ 06/15/26   0.00           
Principal Paid   0.00           
Note Balance @ 07/15/26   0.00           
Note Factor @ 07/15/26   0.0000000%          
                
Class A-2a               
Note Balance @ 06/15/26   0.00           
Principal Paid   0.00           
Note Balance @ 07/15/26   0.00           
Note Factor @ 07/15/26   0.0000000%          
                
Class A-2b               
Note Balance @ 06/15/26   0.00           
Principal Paid   0.00           
Note Balance @ 07/15/26   0.00           
Note Factor @ 07/15/26   0.0000000%          
                
Class A-3               
Note Balance @ 06/15/26   358,463,817.16           
Principal Paid   21,629,861.95           
Note Balance @ 07/15/26   336,833,955.21           
Note Factor @ 07/15/26   83.5816266%          
                
Class A-4               
Note Balance @ 06/15/26   61,570,000.00           
Principal Paid   0.00           
Note Balance @ 07/15/26   61,570,000.00           
Note Factor @ 07/15/26   100.0000000%          
                
Class B               
Note Balance @ 06/15/26   36,320,000.00           
Principal Paid   0.00           
Note Balance @ 07/15/26   36,320,000.00           
Note Factor @ 07/15/26   100.0000000%          
                
Class C               
Note Balance @ 06/15/26   18,160,000.00           
Principal Paid   0.00           
Note Balance @ 07/15/26   18,160,000.00           
Note Factor @ 07/15/26   100.0000000%          

 

Interest & Principal Payments   $ Amount           
Total Interest Paid   1,765,879.93           
Total Principal Paid   21,629,861.95           
Total Paid   23,395,741.88           
                
Class A-1               
Coupon   5.36900%          
Interest Paid   0.00           
Principal Paid   0.00           
Total Paid to A-1 Holders   0.00           
                
Class A-2a               
Coupon   4.78000%          
Interest Paid   0.00           
Principal Paid   0.00           
Total Paid to A-2a Holders   0.00           
                
Class A-2b               
SOFR Rate   3.59301%          
Coupon   4.06301%          
Interest Paid   0.00           
Principal Paid   0.00           
Total Paid to A-2b Holders   0.00           
                
Class A-3               
Coupon   4.43000%          
Interest Paid   1,323,328.93           
Principal Paid   21,629,861.95           
Total Paid to A-3 Holders   22,953,190.88           
                
Class A-4               
Coupon   4.44000%          
Interest Paid   227,809.00           
Principal Paid   0.00           
Total Paid to A-4 Holders   227,809.00           
                
Class B               
Coupon   4.68000%          
Interest Paid   141,648.00           
Principal Paid   0.00           
Total Paid to B Holders   141,648.00           

 

 

 

 

Class C               
Coupon   4.83000%          
Interest Paid   73,094.00           
Principal Paid   0.00           
Total Paid to C Holders   73,094.00           

 

Distribution per $1,000 of Notes    Total            
Total Interest Distribution Amount   1.4587418           
Total Interest Carryover Shortfall   0.0000000           
Total Principal Distribution Amount   17.8677972           
Total Distribution Amount   19.3265390           
                
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   3.2836946           
A-3 Interest Carryover Shortfall   0.0000000           
A-3 Principal Distribution Amount   53.6721140           
Total A-3 Distribution Amount   56.9558086           
                
A-4 Interest Distribution Amount   3.7000000           
A-4 Interest Carryover Shortfall   0.0000000           
A-4 Principal Distribution Amount   0.0000000           
Total A-4 Distribution Amount   3.7000000           
                
B Interest Distribution Amount   3.9000000           
B Interest Carryover Shortfall   0.0000000           
B Principal Distribution Amount   0.0000000           
Total B Distribution Amount   3.9000000           
                
C Interest Distribution Amount   4.0250000           
C Interest Carryover Shortfall   0.0000000           
C Principal Distribution Amount   0.0000000           
Total C Distribution Amount   4.0250000           
                
Noteholders' First Priority Principal Distributable Amount   0.00           
Noteholders' Second Priority Principal Distributable Amount   0.00           
Noteholders' Third Priority Principal Distributable Amount   720.17           
Noteholders' Principal Distributable Amount   279.83           

 

Account Balances   $ Amount           
                
Reserve Account               
Balance as of 06/15/26   3,026,385.22           
Investment Earnings   8,705.58           
Investment Earnings Paid   (8,705.58)          
Deposit/(Withdrawal)   -           
Balance as of 07/15/26   3,026,385.22           
Change   -           
                
Required Reserve Amount   3,026,385.22