Exhibit 99.1

 

World Omni Select Auto Trust 2024-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   258,683,015.03    10,744      
Principal Payments   10,523,931.00    243      
Defaulted Receivables   1,867,803.94    71      
Repurchased Accounts   0.00    0      
Pool Balance at 09/30/26   246,291,280.09    10,430      
                
Pool Statistics   $ Amount    # of Accounts      
Pool Factor   30.87%          
Prepayment ABS Speed   1.48%          
Aggregate Starting Principal Balance   797,946,062.88    26,473      
                
Delinquent Receivables:               
Past Due 31-60 days   20,732,116.99    841      
Past Due 61-90 days   6,085,087.40    244      
Past Due 91-120 days   1,682,354.35    67      
Past Due 121+ days   0.00    0      
 Total   28,499,558.74    1,152      
                
Total 31+ Delinquent as % Ending Pool Balance   11.57%          
Total 61+ Delinquent as % Ending Pool Balance   3.15%          
Delinquency Trigger Occurred   NO           
                
Recoveries   1,246,082.29           
Aggregate Net Losses/(Gains) - September 2026   621,721.65           
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):               
Current Net Losses/(Gains) Ratio   2.88%          
Prior Net Losses/(Gains) Ratio   3.20%          
Second Prior Net Losses/(Gains) Ratio   2.75%          
Third Prior Net Losses/(Gains) Ratio   2.50%          
Four Month Average   2.83%          
                
Cumulative Net Loss as a % of Aggregate Starting Principal Balance   3.12%          
                
Overcollateralization Target Amount   13,546,020.40           
Actual Overcollateralization   13,546,020.40           
Weighted Average Contract Rate   10.48%          
Weighted Average Remaining Term   43.20           
                
Flow of Funds   $ Amount           
Collections   13,944,830.63           
Investment Earnings on Cash Accounts   15,570.51           
Servicing Fee   (269,461.47)          
Transfer to Collection Account   -           
Available Funds   13,690,939.67           
                
Distributions of Available Funds               
    (1)  Asset Representation Reviewer Amounts (up to $150,000 per calendar year)   -           
    (2)  Class A Interest   335,633.11           
    (3)  Noteholders' First Priority Principal Distributable Amount   -           
    (4)  Class B Interest   158,464.83           
    (5)  Noteholders' Second Priority Principal Distributable Amount   -           
    (6)  Class C Interest   254,347.92           
    (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   11,710,189.51           
   (12) Asset Representation Reviewer Amounts (in excess of 1)   -           
   (13) Distribution to Certificateholders   1,232,304.30           
                
Total Distributions of Available Funds   13,690,939.67           
                
Servicing Fee   269,461.47           
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   610,430,000.00           
Original Class B   36,710,000.00           
Original Class C   57,050,000.00           
Original Class D   39,900,000.00           
Original Class E   29,920,000.00           
                
Total Class A, B, C, D, & E               
Note Balance @ 09/15/26   244,455,449.20           
Principal Paid   11,710,189.51           
Note Balance @ 10/15/26   232,745,259.69           

 

 

 

 

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   80,875,449.20           
Principal Paid   11,710,189.51           
Note Balance @ 10/15/26   69,165,259.69           
Note Factor @ 10/15/26   36.3683141%          
                
Class B               
Note Balance @ 09/15/26   36,710,000.00           
Principal Paid   0.00           
Note Balance @ 10/15/26   36,710,000.00           
Note Factor @ 10/15/26   100.0000000%          
                
Class C               
Note Balance @ 09/15/26   57,050,000.00           
Principal Paid   0.00           
Note Balance @ 10/15/26   57,050,000.00           
Note Factor @ 10/15/26   100.0000000%          
                
Class D               
Note Balance @ 09/15/26   39,900,000.00           
Principal Paid   0.00           
Note Balance @ 10/15/26   39,900,000.00           
Note Factor @ 10/15/26   100.0000000%          
                
Class E               
Note Balance @ 09/15/26   29,920,000.00           
Principal Paid   0.00           
Note Balance @ 10/15/26   29,920,000.00           
Note Factor @ 10/15/26   100.0000000%          
                
Interest & Principal Payments   $ Amount           
Total Interest Paid   748,445.86           
Total Principal Paid   11,710,189.51           
Total Paid   12,458,635.37           
                
Class A-1               
Coupon   5.54500%          
Interest Paid   0.00           
Principal Paid   0.00           
Total Paid to A-1 Holders   0.00           
                
Class A-2a               
Coupon   5.37000%          
Interest Paid   0.00           
Principal Paid   0.00           
Total Paid to A-2a Holders   0.00           
                
Class A-2b               
SOFR Rate   3.64850%          
Coupon   4.26850%          
Interest Paid   0.00           
Principal Paid   0.00           
Total Paid to A-2b Holders   0.00           
                
Class A-3               
Coupon   4.98000%          
Interest Paid   335,633.11           
Principal Paid   11,710,189.51           
Total Paid to A-3 Holders   12,045,822.62           
                
Class B               
Coupon   5.18000%          
Interest Paid   158,464.83           
Principal Paid   0.00           
Total Paid to B Holders   158,464.83           
                
Class C               
Coupon   5.35000%          
Interest Paid   254,347.92           
Principal Paid   0.00           
Total Paid to C Holders   254,347.92           
                
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   0.9669718           
Total Interest Carryover Shortfall   0.0000000           
Total Principal Distribution Amount   15.1292483           
Total Distribution Amount   16.0962201           
                
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   1.7648181           
A-3 Interest Carryover Shortfall   0.0000000           
A-3 Principal Distribution Amount   61.5742429           
Total A-3 Distribution Amount   63.3390610           
                
B Interest Distribution Amount   4.3166666           
B Interest Carryover Shortfall   0.0000000           
B Principal Distribution Amount   0.0000000           
Total B Distribution Amount   4.3166666           
                
C Interest Distribution Amount   4.4583334           
C Interest Carryover Shortfall   0.0000000           
C Principal Distribution Amount   0.0000000           
Total C Distribution Amount   4.4583334           
                
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   3,989,730.31           
Investment Earnings   11,478.96           
Investment Earnings Paid   (11,478.96)          
Deposit/(Withdrawal)   -           
Balance as of 10/15/26   3,989,730.31           
Change   -           
                
Required Reserve Amount   3,989,730.31           

 

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 2024-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.