World Omni Auto Receivables Trust 2023-D

09/29/2025 | Press release | Distributed by Public on 09/29/2025 11:38

Asset-Backed Issuer Distribution Report (Form 10-D)

World Omni Auto Receivables Trust 2023-D
Monthly Servicer Certificate
August 31, 2025
Dates Covered
Collections Period 08/01/25 - 08/31/25
Interest Accrual Period 08/15/25 - 09/14/25
30/360 Days 30
Actual/360 Days 31
Distribution Date 09/15/25
Collateral Pool Balance Data $ Amount # of Accounts
Pool Balance at 07/31/25 429,009,083.78 22,634
Yield Supplement Overcollateralization Amount 07/31/25 35,965,991.36 0
Receivables Balance 07/31/25 464,975,075.14 22,634
Principal Payments 20,555,548.69 1,012
Defaulted Receivables 749,336.08 38
Repurchased Accounts 0.00 0
Yield Supplement Overcollateralization Amount at 08/31/25 32,031,608.14 0
Pool Balance at 08/31/25 411,638,582.23 21,584
Pool Statistics $ Amount # of Accounts
Pool Factor 39.64 %
Prepayment ABS Speed 1.33 %
Aggregate Starting Principal Balance 1,119,368,245.46 42,446
Delinquent Receivables:
Past Due 31-60 days 8,620,386.68 347
Past Due 61-90 days 2,577,875.11 107
Past Due 91-120 days 459,862.52 18
Past Due 121+ days 0.00 0
Total 11,658,124.31 472
Total 31+ Delinquent as % Aggregate Ending Principal Balance 2.63 %
Total 61+ Delinquent as % Aggregate Ending Principal Balance 0.68 %
Delinquency Trigger Occurred NO
Recoveries 507,383.91
Aggregate Net Losses/(Gains) - August 2025 241,952.17
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):
Current Net Losses/(Gains) Ratio 0.62 %
Prior Net Losses/(Gains) Ratio 0.34 %
Second Prior Net Losses/(Gains) Ratio 0.50 %
Third Prior Net Losses/(Gains) Ratio 0.56 %
Four Month Average 0.51 %
Cumulative Net Loss as a % of Aggregate Starting Principal Balance 0.62 %
Overcollateralization Target Amount 5,009,268.48
Actual Overcollateralization 5,009,268.48
Weighted Average Contract Rate 6.34 %
Weighted Average Contract Rate, Yield Adjusted 10.97 %
Weighted Average Remaining Term 42.69
Flow of Funds $ Amount
Collections 23,505,117.78
Investment Earnings on Cash Accounts 12,152.87
Servicing Fee (387,479.23 )
Transfer to Collection Account -
Available Funds 23,129,791.42
Distributions of Available Funds
(1) Asset Representation Reviewer Amounts (up to $150,000 per year) -
(2) Class A Interest 1,831,366.11
(3) Noteholders' First Priority Principal Distributable Amount -
(4) Class B Interest 153,556.50
(5) Noteholders' Second Priority Principal Distributable Amount -
(6) Class C Interest 78,479.50
(7) Noteholders' Third Priority Principal Distributable Amount 12,361,233.07
(8) Required Reserve Account -
(9) Noteholders' Principal Distributable Amount 5,009,268.48
(10) Asset Representation Reviewer Amounts (in excess of 1) -
(11) Distribution to Certificateholders 3,695,887.76
Total Distributions of Available Funds 23,129,791.42
Servicing Fee 387,479.23
Unpaid Servicing Fee -
Change in amount of the unpaid servicing fee from the prior period -
Note Balances & Note Factors $ Amount
Original Class A 954,260,000.00
Original Class B 30,060,000.00
Original Class C 15,020,000.00
Total Class A, B, & C
Note Balance @ 08/15/25 423,999,815.30
Principal Paid 17,370,501.55
Note Balance @ 09/15/25 406,629,313.75
Class A-1
Note Balance @ 08/15/25 0.00
Principal Paid 0.00
Note Balance @ 09/15/25 0.00
Note Factor @ 09/15/25 0.0000000 %
Class A-2a
Note Balance @ 08/15/25 0.00
Principal Paid 0.00
Note Balance @ 09/15/25 0.00
Note Factor @ 09/15/25 0.0000000 %
Class A-2b
Note Balance @ 08/15/25 0.00
Principal Paid 0.00
Note Balance @ 09/15/25 0.00
Note Factor @ 09/15/25 0.0000000 %
Class A-3
Note Balance @ 08/15/25 317,359,815.30
Principal Paid 17,370,501.55
Note Balance @ 09/15/25 299,989,313.75
Note Factor @ 09/15/25 94.3956305 %
Class A-4
Note Balance @ 08/15/25 61,560,000.00
Principal Paid 0.00
Note Balance @ 09/15/25 61,560,000.00
Note Factor @ 09/15/25 100.0000000 %
Class B
Note Balance @ 08/15/25 30,060,000.00
Principal Paid 0.00
Note Balance @ 09/15/25 30,060,000.00
Note Factor @ 09/15/25 100.0000000 %
Class C
Note Balance @ 08/15/25 15,020,000.00
Principal Paid 0.00
Note Balance @ 09/15/25 15,020,000.00
Note Factor @ 09/15/25 100.0000000 %
Interest & Principal Payments $ Amount
Total Interest Paid 2,063,402.11
Total Principal Paid 17,370,501.55
Total Paid 19,433,903.66
Class A-1
Coupon 5.66800 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-1 Holders 0.00
Class A-2a
Coupon 5.91000 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-2a Holders 0.00
Class A-2b
SOFR Rate 4.34270 %
Coupon 4.92270 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-2b Holders 0.00
Class A-3
Coupon 5.79000 %
Interest Paid 1,531,261.11
Principal Paid 17,370,501.55
Total Paid to A-3 Holders 18,901,762.66
Class A-4
Coupon 5.85000 %
Interest Paid 300,105.00
Principal Paid 0.00
Total Paid to A-4 Holders 300,105.00
Class B
Coupon 6.13000 %
Interest Paid 153,556.50
Principal Paid 0.00
Total Paid to B Holders 153,556.50
Class C
Coupon 6.27000 %
Interest Paid 78,479.50
Principal Paid 0.00
Total Paid to C Holders 78,479.50
Distribution per $1,000 of Notes Total
Total Interest Distribution Amount 2.0647649
Total Interest Carryover Shortfall 0.0000000
Total Principal Distribution Amount 17.3819737
Total Distribution Amount 19.4467386
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 4.8183169
A-3 Interest Carryover Shortfall 0.0000000
A-3 Principal Distribution Amount 54.6585952
Total A-3 Distribution Amount 59.4769121
A-4 Interest Distribution Amount 4.8750000
A-4 Interest Carryover Shortfall 0.0000000
A-4 Principal Distribution Amount 0.0000000
Total A-4 Distribution Amount 4.8750000
B Interest Distribution Amount 5.1083333
B Interest Carryover Shortfall 0.0000000
B Principal Distribution Amount 0.0000000
Total B Distribution Amount 5.1083333
C Interest Distribution Amount 5.2250000
C Interest Carryover Shortfall 0.0000000
C Principal Distribution Amount 0.0000000
Total C Distribution Amount 5.2250000
Noteholders' First Priority Principal Distributable Amount 0.00
Noteholders' Second Priority Principal Distributable Amount 0.00
Noteholders' Third Priority Principal Distributable Amount 711.62
Noteholders' Principal Distributable Amount 288.38
Account Balances $ Amount
Reserve Account
Balance as of 08/15/25 2,504,634.24
Investment Earnings 9,035.58
Investment Earnings Paid (9,035.58 )
Deposit/(Withdrawal) -
Balance as of 09/15/25 2,504,634.24
Change -
Required Reserve Amount 2,504,634.24
Other Servicing Information Current Month Prior Month Two Months Prior
Principal Balance of Receivables extended during the Collection Period $ 2,706,035.53 3,209,967.80 3,224,406.75
Number of Extensions 95 112 109
Ratio of extensions to Beginning of Period Receivables Balance 0.58 % 0.66 % 0.63 %
World Omni Auto Receivables Trust 2023-D published this content on September 29, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on September 29, 2025 at 17:38 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]