Exhibit 99.1

 

World Omni Auto Receivables Trust 2023-A

Monthly Servicer Certificate

July 31, 2026

 

Dates Covered            
Collections Period   07/01/26 - 07/31/26           
Interest Accrual Period   07/15/26 - 08/16/26           
30/360 Days   30           
Actual/360 Days   33           
Distribution Date   08/17/26           
                
Collateral Pool Balance Data   $ Amount    # of Accounts      
Pool Balance at 06/30/26   165,618,325.06    12,904      
Yield Supplement Overcollateralization Amount 06/30/26   7,383,567.96    0      
Receivables Balance 06/30/26   173,001,893.02    12,904      
Principal Payments   9,955,058.50    274      
Defaulted Receivables   344,776.07    18      
Repurchased Accounts   0.00    0      
Yield Supplement Overcollateralization Amount at 07/31/26   6,713,838.41    0      
Pool Balance at 07/31/26   155,988,220.04    12,612      
                
Pool Statistics   $ Amount    # of Accounts      
Pool Factor   14.57%          
Prepayment ABS Speed   1.16%          
Aggregate Starting Principal Balance   1,116,806,264.43    45,522      
                
Delinquent Receivables:               
Past Due 31-60 days   4,672,291.52    234      
Past Due 61-90 days   1,452,788.66    74      
Past Due 91-120 days   196,214.70    9      
Past Due 121+ days   0.00    0      
Total   6,321,294.88    317      
                
Total 31+ Delinquent as % Aggregate Ending Principal Balance   3.89%          
Total 61+ Delinquent as % Aggregate Ending Principal Balance   1.01%          
Delinquency Trigger Occurred   NO           
                
Recoveries   227,051.00           
Aggregate Net Losses/(Gains) - July 2026   117,725.07           
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):               
Current Net Losses/(Gains) Ratio   0.82%          
Prior Net Losses/(Gains) Ratio   0.53%          
Second Prior Net Losses/(Gains) Ratio   1.24%          
Third Prior Net Losses/(Gains) Ratio   -0.55%          
Four Month Average   0.51%          
                
Cumulative Net Loss as a % of Aggregate Starting Principal Balance   0.70%          
                
Overcollateralization Target Amount   5,038,175.22           
Actual Overcollateralization   5,038,175.22           
Weighted Average Contract Rate   6.08%          
Weighted Average Contract Rate, Yield Adjusted   10.04%          
Weighted Average Remaining Term   26.95           
                
Flow of Funds   $ Amount           
Collections   11,062,856.14           
Investment Earnings on Cash Accounts   16,117.32           
Servicing Fee   (144,168.24)          
Transfer to Collection Account   -           
Available Funds   10,934,805.22           
                
Distributions of Available Funds               
    (1)  Asset Representation Reviewer Amounts (up to $150,000 per year)   -           
    (2)  Class A Interest   449,973.27           
    (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   4,591,929.80           
    (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   662,240.85           
                
Total Distributions of Available Funds   10,934,805.22           
                
Servicing Fee   144,168.24           
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 @ 07/15/26   160,580,149.84           
Principal Paid   9,630,105.02           
Note Balance @ 08/17/26   150,950,044.82           
                
Class A-1               
Note Balance @ 07/15/26   0.00           
Principal Paid   0.00           
Note Balance @ 08/17/26   0.00           
Note Factor @ 08/17/26   0.0000000%          
                
Class A-2a               
Note Balance @ 07/15/26   0.00           
Principal Paid   0.00           
Note Balance @ 08/17/26   0.00           
Note Factor @ 08/17/26   0.0000000%          
                
Class A-2b               
Note Balance @ 07/15/26   0.00           
Principal Paid   0.00           
Note Balance @ 08/17/26   0.00           
Note Factor @ 08/17/26   0.0000000%          
                
Class A-3               
Note Balance @ 07/15/26   17,620,149.84           
Principal Paid   9,630,105.02           
Note Balance @ 08/17/26   7,990,044.82           
Note Factor @ 08/17/26   2.8548109%          
                
Class A-4               
Note Balance @ 07/15/26   97,610,000.00           
Principal Paid   0.00           
Note Balance @ 08/17/26   97,610,000.00           
Note Factor @ 08/17/26   100.0000000%          
                
Class B               
Note Balance @ 07/15/26   30,230,000.00           
Principal Paid   0.00           
Note Balance @ 08/17/26   30,230,000.00           
Note Factor @ 08/17/26   100.0000000%          
                
Class C               
Note Balance @ 07/15/26   15,120,000.00           
Principal Paid   0.00           
Note Balance @ 08/17/26   15,120,000.00           
Note Factor @ 08/17/26   100.0000000%          
                
Interest & Principal Payments   $ Amount           
Total Interest Paid   642,459.35           
Total Principal Paid   9,630,105.02           
Total Paid   10,272,564.37           
                
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   3.62539%          
Coupon   4.05539%          
Interest Paid   0.00           
Principal Paid   0.00           
Total Paid to A-2b Holders   0.00           
                
Class A-3               
Coupon   4.83000%          
Interest Paid   70,921.10           
Principal Paid   9,630,105.02           
Total Paid to A-3 Holders   9,701,026.12           
                
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   0.6375945           
Total Interest Carryover Shortfall   0.0000000           
Total Principal Distribution Amount   9.5571837           
Total Distribution Amount   10.1947782           
                
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   0.2533982           
A-3 Interest Carryover Shortfall   0.0000000           
A-3 Principal Distribution Amount   34.4079785           
Total A-3 Distribution Amount   34.6613767           
                
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   476.83           
Noteholders' Principal Distributable Amount   523.17           
                
Account Balances   $ Amount           
Reserve Account               
Balance as of 07/15/26   5,038,175.22           
Investment Earnings   14,977.43           
Investment Earnings Paid   (14,977.43)          
Deposit/(Withdrawal)   -           
Balance as of 08/17/26   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  $1,310,991.93    988,374.43    1,256,765.73 
Number of Extensions   74    54    63 
Ratio of extensions to Beginning of Period Receivables Balance   0.76%   0.54%   0.65%