Exhibit 99.1

 

World Omni Select Auto Trust 2023-A
Monthly Servicer Certificate
September 30, 2026

 

Dates Covered            
Collections Period   09/01/26 - 09/30/26           
Interest Accrual Period   09/15/26 - 10/14/26           
30/360 Days   30           
Actual/360 Days   30           
Distribution Date   10/15/26           

 

Collateral Pool Balance Data   $ Amount    # of Accounts      
Pool Balance at 08/31/26   138,007,007.53    10,094      
Principal Payments   7,256,855.54    216      
Defaulted Receivables   661,828.61    45      
Repurchased Accounts   0.00    0      
Pool Balance at 09/30/26   130,088,323.38    9,833      

 

Pool Statistics   $ Amount    # of Accounts      
Pool Factor   13.96%          
Prepayment ABS Speed   1.07%          
Aggregate Starting Principal Balance   931,757,001.63    37,582      
                
Delinquent Receivables:               
Past Due 31-60 days   12,218,450.83    825      
Past Due 61-90 days   3,604,458.45    233      
Past Due 91-120 days   674,295.52    48      
Past Due 121+ days   0.00    0      
 Total   16,497,204.80    1,106      
                
Total 31+ Delinquent as % Ending Pool Balance   12.68%          
Total 61+ Delinquent as % Ending Pool Balance   3.29%          
Delinquency Trigger Occurred   NO           
                
Recoveries   485,649.51           
Aggregate Net Losses/(Gains) - September 2026   176,179.10           
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):               
Current Net Losses/(Gains) Ratio   1.53%          
Prior Net Losses/(Gains) Ratio   1.69%          
Second Prior Net Losses/(Gains) Ratio   -0.04%          
Third Prior Net Losses/(Gains) Ratio   0.27%          
Four Month Average   0.86%          
                
Cumulative Net Loss as a % of Aggregate Starting Principal Balance   3.02%          
                
Overcollateralization Target Amount   18,635,140.03           
Actual Overcollateralization   18,635,140.03           
Weighted Average Contract Rate   8.98%          
Weighted Average Remaining Term   26.86           

 

Flow of Funds   $ Amount           
Collections   8,756,335.90           
Investment Earnings on Cash Accounts   16,114.65           
Servicing Fee   (143,757.30)          
Transfer to Collection Account   -           
Available Funds   8,628,693.25           
                
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   198,559.34           
    (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   7,918,684.15           
   (12) Asset Representation Reviewer Amounts (in excess of 1)   -           
   (13) Distribution to Certificateholders   511,449.76           
                
Total Distributions of Available Funds   8,628,693.25           
                
Servicing Fee   143,757.30           
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 @ 09/15/26   119,371,867.50           
Principal Paid   7,918,684.15           
Note Balance @ 10/15/26   111,453,183.35           

 

 

 

 

Class A-1               
Note Balance @ 09/15/26   0.00           
Principal Paid   0.00           
Note Balance @ 10/15/26   0.00           
Note Factor @ 10/15/26   0.0000000%          
                
Class A-2a               
Note Balance @ 09/15/26   0.00           
Principal Paid   0.00           
Note Balance @ 10/15/26   0.00           
Note Factor @ 10/15/26   0.0000000%          
                
Class A-2b               
Note Balance @ 09/15/26   0.00           
Principal Paid   0.00           
Note Balance @ 10/15/26   0.00           
Note Factor @ 10/15/26   0.0000000%          
                
Class A-3               
Note Balance @ 09/15/26   0.00           
Principal Paid   0.00           
Note Balance @ 10/15/26   0.00           
Note Factor @ 10/15/26   0.0000000%          
                
Class B               
Note Balance @ 09/15/26   0.00           
Principal Paid   0.00           
Note Balance @ 10/15/26   0.00           
Note Factor @ 10/15/26   0.0000000%          
                
Class C               
Note Balance @ 09/15/26   39,711,867.50           
Principal Paid   7,918,684.15           
Note Balance @ 10/15/26   31,793,183.35           
Note Factor @ 10/15/26   56.4008929%          
                
Class D               
Note Balance @ 09/15/26   61,030,000.00           
Principal Paid   0.00           
Note Balance @ 10/15/26   61,030,000.00           
Note Factor @ 10/15/26   100.0000000%          
                
Class E               
Note Balance @ 09/15/26   18,630,000.00           
Principal Paid   0.00           
Note Balance @ 10/15/26   18,630,000.00           
Note Factor @ 10/15/26   100.0000000%          

 

Interest & Principal Payments   $ Amount           
Total Interest Paid   198,559.34           
Total Principal Paid   7,918,684.15           
Total Paid   8,117,243.49           
                
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   3.64850%          
Coupon   4.49850%          
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   198,559.34           
Principal Paid   7,918,684.15           
Total Paid to C Holders   8,117,243.49           
                
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   0.2275517           
Total Interest Carryover Shortfall   0.0000000           
Total Principal Distribution Amount   9.0749197           
Total Distribution Amount   9.3024714           
                
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   3.5224293           
C Interest Carryover Shortfall   0.0000000           
C Principal Distribution Amount   140.4769230           
Total C Distribution Amount   143.9993523           
                
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 09/15/26   4,658,785.01           
Investment Earnings   13,403.92           
Investment Earnings Paid   (13,403.92)          
Deposit/(Withdrawal)   -           
Balance as of 10/15/26   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  $2,282,787.92   $2,085,555.30   $2,731,890.69 
Number of Extensions   158    143    183 
Ratio of extensions to Beginning of Period Receivables Balance   1.65%   1.42%   1.76%
                
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.