Exhibit 99.1

 

World Omni Select Auto Trust 2023-A
Monthly Servicer Certificate
August 31, 2026

 

Dates Covered               
Collections Period  08/01/26 - 08/31/26             
Interest Accrual Period  08/17/26 - 09/14/26             
30/360 Days  30             
Actual/360 Days  29             
Distribution Date  09/15/26             
                 
Collateral Pool Balance Data  $ Amount     # of Accounts       
Pool Balance at 07/31/26  146,549,556.43     10,378       
Principal Payments  7,766,812.45     236       
Defaulted Receivables  775,736.45     48       
Repurchased Accounts  0.00     0       
Pool Balance at 08/31/26  138,007,007.53     10,094       
                 
Pool Statistics  $ Amount     # of Accounts       
Pool Factor  14.81%            
Prepayment ABS Speed  1.12%            
Aggregate Starting Principal Balance  931,757,001.63     37,582       
                 
Delinquent Receivables:                
Past Due 31-60 days  12,472,152.93     817       
Past Due 61-90 days  3,976,281.14     250       
Past Due 91-120 days  715,169.23     46       
Past Due 121+ days  0.00     0       
 Total  17,163,603.30     1,113       
                 
Total 31+ Delinquent as % Ending Pool Balance  12.44%            
Total 61+ Delinquent as % Ending Pool Balance  3.40%            
Delinquency Trigger Occurred  NO             
                 
Recoveries  569,339.95             
Aggregate Net Losses/(Gains) - August 2026  206,396.50             
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):                
Current Net Losses/(Gains) Ratio  1.69%            
Prior Net Losses/(Gains) Ratio  -0.04%            
Second Prior Net Losses/(Gains) Ratio  0.27%            
Third Prior Net Losses/(Gains) Ratio  1.06%            
Four Month Average  0.75%            
                 
Cumulative Net Loss as a % of Aggregate Starting Principal Balance  3.00%            
                 
Overcollateralization Target Amount  18,635,140.03             
Actual Overcollateralization  18,635,140.03             
Weighted Average Contract Rate  8.97%            
Weighted Average Remaining Term  27.71             
                 
Flow of Funds  $ Amount             
Collections  9,429,859.29             
Investment Earnings on Cash Accounts  14,751.27             
Servicing Fee  (152,655.79)            
Transfer to Collection Account  -             
Available Funds  9,291,954.77             
                 
Distributions of Available Funds                
    (1)  Asset Representation Reviewer Amounts (up to $150,000 per calendar year)  -             
    (2)  Class A Interest  -             
    (3)  Noteholders' First Priority Principal Distributable Amount  -             
    (4)  Class B Interest  -             
    (5)  Noteholders' Second Priority Principal Distributable Amount  -             
    (6)  Class C Interest  241,272.08             
    (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  8,542,548.90             
   (12) Asset Representation Reviewer Amounts (in excess of 1)  -             
   (13) Distribution to Certificateholders  508,133.79             
                 
Total Distributions of Available Funds  9,291,954.77             
                 
Servicing Fee  152,655.79             
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  695,560,000.00             
Original Class B  41,000,000.00             
Original Class C  56,370,000.00             
Original Class D  61,030,000.00             
Original Class E  18,630,000.00             
                 
Total Class A, B, C, D, & E                
Note Balance @ 08/17/26  127,914,416.40             
Principal Paid  8,542,548.90             
Note Balance @ 09/15/26  119,371,867.50             

 

 

Class A-1                
Note Balance @ 08/17/26  0.00             
Principal Paid  0.00             
Note Balance @ 09/15/26  0.00             
Note Factor @ 09/15/26  0.0000000%            
                 
Class A-2a                
Note Balance @ 08/17/26  0.00             
Principal Paid  0.00             
Note Balance @ 09/15/26  0.00             
Note Factor @ 09/15/26  0.0000000%            
                 
Class A-2b                
Note Balance @ 08/17/26  0.00             
Principal Paid  0.00             
Note Balance @ 09/15/26  0.00             
Note Factor @ 09/15/26  0.0000000%            
                 
Class A-3                
Note Balance @ 08/17/26  0.00             
Principal Paid  0.00             
Note Balance @ 09/15/26  0.00             
Note Factor @ 09/15/26  0.0000000%            
                 
Class B                
Note Balance @ 08/17/26  0.00             
Principal Paid  0.00             
Note Balance @ 09/15/26  0.00             
Note Factor @ 09/15/26  0.0000000%            
                 
Class C                
Note Balance @ 08/17/26  48,254,416.40             
Principal Paid  8,542,548.90             
Note Balance @ 09/15/26  39,711,867.50             
Note Factor @ 09/15/26  70.4485852%            
                 
Class D                
Note Balance @ 08/17/26  61,030,000.00             
Principal Paid  0.00             
Note Balance @ 09/15/26  61,030,000.00             
Note Factor @ 09/15/26  100.0000000%            
                 
Class E                
Note Balance @ 08/17/26  18,630,000.00             
Principal Paid  0.00             
Note Balance @ 09/15/26  18,630,000.00             
Note Factor @ 09/15/26  100.0000000%            
                 
Interest & Principal Payments  $ Amount             
Total Interest Paid  241,272.08             
Total Principal Paid  8,542,548.90             
Total Paid  8,783,820.98             
                 
Class A-1                
Coupon  5.13900%            
Interest Paid  0.00             
Principal Paid  0.00             
Total Paid to A-1 Holders  0.00             
                 
Class A-2a                
Coupon  5.92000%            
Interest Paid  0.00             
Principal Paid  0.00             
Total Paid to A-2a Holders  0.00             
                 
Class A-2b                
SOFR Rate  3.63650%            
Coupon  4.48650%            
Interest Paid  0.00             
Principal Paid  0.00             
Total Paid to A-2b Holders  0.00             
                 
Class A-3                
Coupon  5.65000%            
Interest Paid  0.00             
Principal Paid  0.00             
Total Paid to A-3 Holders  0.00             
                 
Class B                
Coupon  5.87000%            
Interest Paid  0.00             
Principal Paid  0.00             
Total Paid to B Holders  0.00             
                 
Class C                
Coupon  6.00000%            
Interest Paid  241,272.08             
Principal Paid  8,542,548.90             
Total Paid to C Holders  8,783,820.98             
                 
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  0.2765011             
Total Interest Carryover Shortfall  0.0000000             
Total Principal Distribution Amount  9.7898771             
Total Distribution Amount  10.0663782             
                 
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  0.0000000             
A-3 Interest Carryover Shortfall  0.0000000             
A-3 Principal Distribution Amount  0.0000000             
Total A-3 Distribution Amount  0.0000000             
                 
B Interest Distribution Amount  0.0000000             
B Interest Carryover Shortfall  0.0000000             
B Principal Distribution Amount  0.0000000             
Total B Distribution Amount  0.0000000             
                 
C Interest Distribution Amount  4.2801504             
C Interest Carryover Shortfall  0.0000000             
C Principal Distribution Amount  151.5442416             
Total C Distribution Amount  155.8243920             
                 
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 08/17/26  4,658,785.01             
Investment Earnings  13,847.49             
Investment Earnings Paid  (13,847.49)            
Deposit/(Withdrawal)  -             
Balance as of 09/15/26  4,658,785.01             
Change  -             
                 
Required Reserve Amount  4,658,785.01             
                 
Other Servicing Information  Current Month     Prior Month     Two Months Prior 
Principal Balance of Receivables extended during the Collection Period $2,085,555.30   $ 2,731,890.69 $   2,600,149.60 
Number of Extensions  143     183     165 
Ratio of extensions to Beginning of Period Receivables Balance  1.42%    1.76%    1.59%

 

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 2023-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.