Exhibit 99.1

 

World Omni Auto Receivables 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   155,988,220.04    12,612      
Yield Supplement Overcollateralization Amount 07/31/26   6,713,838.41    0      
Receivables Balance 07/31/26   162,702,058.45    12,612      
Principal Payments   9,693,296.33    315      
Defaulted Receivables   122,410.28    7      
Repurchased Accounts   0.00    0      
Yield Supplement Overcollateralization Amount at 08/31/26   6,103,681.91    0      
Pool Balance at 08/31/26   146,782,669.93    12,290      
                
Pool Statistics  $ Amount   # of Accounts      
Pool Factor   13.69%          
Prepayment ABS Speed   1.14%          
Aggregate Starting Principal Balance   1,116,806,264.43    45,522      
                
Delinquent Receivables:               
Past Due 31-60 days   4,367,372.09    225      
Past Due 61-90 days   1,375,615.85    72      
Past Due 91-120 days   168,286.59    9      
Past Due 121+ days   0.00    0      
 Total   5,911,274.53    306      
                
Total 31+ Delinquent as % Aggregate Ending Principal Balance   3.87%          
Total 61+ Delinquent as % Aggregate Ending Principal Balance   1.01%          
Delinquency Trigger Occurred   NO           
                
Recoveries   176,443.49           
Aggregate Net Losses/(Gains) - August 2026   (54,033.21)          
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):               
Current Net Losses/(Gains) Ratio   -0.40%          
Prior Net Losses/(Gains) Ratio   0.82%          
Second Prior Net Losses/(Gains) Ratio   0.53%          
Third Prior Net Losses/(Gains) Ratio   1.24%          
Four Month Average   0.55%          
                
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   6.10%          
Weighted Average Contract Rate, Yield Adjusted   10.04%          
Weighted Average Remaining Term   26.11           
                
Flow of Funds  $ Amount           
Collections   10,696,930.93           
Investment Earnings on Cash Accounts   16,035.98           
Servicing Fee   (135,585.05)          
Transfer to Collection Account   -           
Available Funds   10,577,381.86           
                
Distributions of Available Funds               
    (1)  Asset Representation Reviewer Amounts (up to $150,000 per year)   -           
    (2)  Class A Interest   411,212.10           
    (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   4,167,374.89           
    (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   768,133.57           
                
Total Distributions of Available Funds   10,577,381.86           
                
Servicing Fee   135,585.05           
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 @ 08/17/26   150,950,044.82           
Principal Paid   9,205,550.11           
Note Balance @ 09/15/26   141,744,494.71           
                
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   7,990,044.82           
Principal Paid   7,990,044.82           
Note Balance @ 09/15/26   0.00           
Note Factor @ 09/15/26   0.0000000%          
                
Class A-4               
Note Balance @ 08/17/26   97,610,000.00           
Principal Paid   1,215,505.29           
Note Balance @ 09/15/26   96,394,494.71           
Note Factor @ 09/15/26   98.7547328%          
                
Class B               
Note Balance @ 08/17/26   30,230,000.00           
Principal Paid   0.00           
Note Balance @ 09/15/26   30,230,000.00           
Note Factor @ 09/15/26   100.0000000%          
                
Class C               
Note Balance @ 08/17/26   15,120,000.00           
Principal Paid   0.00           
Note Balance @ 09/15/26   15,120,000.00           
Note Factor @ 09/15/26   100.0000000%          
                
Interest & Principal Payments  $ Amount           
Total Interest Paid   603,698.18           
Total Principal Paid   9,205,550.11           
Total Paid   9,809,248.29           
                
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   3.63650%          
Coupon   4.06650%          
Interest Paid   0.00           
Principal Paid   0.00           
Total Paid to A-2b Holders   0.00           
                
Class A-3               
Coupon   4.83000%          
Interest Paid   32,159.93           
Principal Paid   7,990,044.82           
Total Paid to A-3 Holders   8,022,204.75           
                
Class A-4               
Coupon   4.66000%          
Interest Paid   379,052.17           
Principal Paid   1,215,505.29           
Total Paid to A-4 Holders   1,594,557.46           
                
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   0.5991268           
Total Interest Carryover Shortfall   0.0000000           
Total Principal Distribution Amount   9.1358436           
Total Distribution Amount   9.7349704           
                
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   0.1149061           
A-3 Interest Carryover Shortfall   0.0000000           
A-3 Principal Distribution Amount   28.5481093           
Total A-3 Distribution Amount   28.6630154           
                
A-4 Interest Distribution Amount   3.8833334           
A-4 Interest Carryover Shortfall   0.0000000           
A-4 Principal Distribution Amount   12.4526718           
Total A-4 Distribution Amount   16.3360052           
                
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   452.70           
Noteholders’ Principal Distributable Amount   547.30           
                
Account Balances  $ Amount           
Reserve Account               
Balance as of 08/17/26   5,038,175.22           
Investment Earnings   14,975.17           
Investment Earnings Paid   (14,975.17)          
Deposit/(Withdrawal)   -           
Balance as of 09/15/26   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  $1,222,037.66    1,310,991.93    988,374.43 
Number of Extensions   68    74    54 
Ratio of extensions to Beginning of Period Receivables Balance   0.75%   0.76%   0.54%