World Omni Auto Receivables Trust 2023-A
04/29/2026 | Press release | Distributed by Public on 04/29/2026 06:59
Asset-Backed Issuer Distribution Report (Form 10-D)
| World Omni Auto Receivables Trust 2023-A | |||
| Monthly Servicer Certificate | |||
| March 31, 2026 |
| Dates Covered | ||||||||||
| Collections Period | 03/01/26 - 03/31/26 | |||||||||
| Interest Accrual Period | 03/16/26 - 04/14/26 | |||||||||
| 30/360 Days | 30 | |||||||||
| Actual/360 Days | 30 | |||||||||
| Distribution Date | 04/15/26 | |||||||||
| Collateral Pool Balance Data | $ Amount | # of Accounts | ||||||||
| Pool Balance at 02/28/26 | 208,201,729.83 | 14,237 | ||||||||
| Yield Supplement Overcollateralization Amount 02/28/26 | 10,581,337.45 | 0 | ||||||||
| Receivables Balance 02/28/26 | 218,783,067.28 | 14,237 | ||||||||
| Principal Payments | 12,165,378.61 | 345 | ||||||||
| Defaulted Receivables | 457,785.16 | 20 | ||||||||
| Repurchased Accounts | 0.00 | 0 | ||||||||
| Yield Supplement Overcollateralization Amount at 03/31/26 | 9,669,371.66 | 0 | ||||||||
| Pool Balance at 03/31/26 | 196,490,531.85 | 13,872 |
| Pool Statistics | $ Amount | # of Accounts | ||||||||
| Pool Factor | 18.46 | % | ||||||||
| Prepayment ABS Speed | 1.26 | % | ||||||||
| Aggregate Starting Principal Balance | 1,116,806,264.43 | 45,522 | ||||||||
| Delinquent Receivables: | ||||||||||
| Past Due 31-60 days | 5,524,456.89 | 256 | ||||||||
| Past Due 61-90 days | 1,240,003.11 | 57 | ||||||||
| Past Due 91-120 days | 335,854.27 | 15 | ||||||||
| Past Due 121+ days | 0.00 | 0 | ||||||||
| Total | 7,100,314.27 | 328 | ||||||||
| Total 31+ Delinquent as % Aggregate Ending Principal Balance | 3.44 | % | ||||||||
| Total 61+ Delinquent as % Aggregate Ending Principal Balance | 0.76 | % | ||||||||
| Delinquency Trigger Occurred | NO | |||||||||
| Recoveries | 445,313.54 | |||||||||
| Aggregate Net Losses/(Gains) - March 2026 | 12,471.62 | |||||||||
| Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized): | ||||||||||
| Current Net Losses/(Gains) Ratio | 0.07 | % | ||||||||
| Prior Net Losses/(Gains) Ratio | 0.37 | % | ||||||||
| Second Prior Net Losses/(Gains) Ratio | 0.58 | % | ||||||||
| Third Prior Net Losses/(Gains) Ratio | 0.70 | % | ||||||||
| Four Month Average | 0.43 | % | ||||||||
| Cumulative Net Loss as a % of Aggregate Starting Principal Balance | 0.68 | % | ||||||||
| Overcollateralization Target Amount | 5,038,175.22 | |||||||||
| Actual Overcollateralization | 5,038,175.22 | |||||||||
| Weighted Average Contract Rate | 6.01 | % | ||||||||
| Weighted Average Contract Rate, Yield Adjusted | 10.04 | % | ||||||||
| Weighted Average Remaining Term | 30.44 | |||||||||
| Flow of Funds | $ Amount | |||||||||
| Collections | 13,698,053.54 | |||||||||
| Investment Earnings on Cash Accounts | 16,176.63 | |||||||||
| Servicing Fee | (182,319.22 | ) | ||||||||
| Transfer to Collection Account | - | |||||||||
| Available Funds | 13,531,910.95 | |||||||||
| Distributions of Available Funds | ||||||||||
| (1) Asset Representation Reviewer Amounts (up to $150,000 per year) | - | |||||||||
| (2) Class A Interest | 621,371.48 | |||||||||
| (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 | 6,673,022.76 | |||||||||
| (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 | 1,006,855.41 | |||||||||
| Total Distributions of Available Funds | 13,531,910.95 | |||||||||
| Servicing Fee | 182,319.22 | |||||||||
| 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 @ 03/16/26 | 203,163,554.61 | |||||||||
| Principal Paid | 11,711,197.98 | |||||||||
| Note Balance @ 04/15/26 | 191,452,356.63 | |||||||||
| Class A-1 | ||||||||||
| Note Balance @ 03/16/26 | 0.00 | |||||||||
| Principal Paid | 0.00 | |||||||||
| Note Balance @ 04/15/26 | 0.00 | |||||||||
| Note Factor @ 04/15/26 | 0.0000000 | % | ||||||||
| Class A-2a | ||||||||||
| Note Balance @ 03/16/26 | 0.00 | |||||||||
| Principal Paid | 0.00 | |||||||||
| Note Balance @ 04/15/26 | 0.00 | |||||||||
| Note Factor @ 04/15/26 | 0.0000000 | % | ||||||||
| Class A-2b | ||||||||||
| Note Balance @ 03/16/26 | 0.00 | |||||||||
| Principal Paid | 0.00 | |||||||||
| Note Balance @ 04/15/26 | 0.00 | |||||||||
| Note Factor @ 04/15/26 | 0.0000000 | % | ||||||||
| Class A-3 | ||||||||||
| Note Balance @ 03/16/26 | 60,203,554.61 | |||||||||
| Principal Paid | 11,711,197.98 | |||||||||
| Note Balance @ 04/15/26 | 48,492,356.63 | |||||||||
| Note Factor @ 04/15/26 | 17.3261243 | % | ||||||||
| Class A-4 | ||||||||||
| Note Balance @ 03/16/26 | 97,610,000.00 | |||||||||
| Principal Paid | 0.00 | |||||||||
| Note Balance @ 04/15/26 | 97,610,000.00 | |||||||||
| Note Factor @ 04/15/26 | 100.0000000 | % | ||||||||
| Class B | ||||||||||
| Note Balance @ 03/16/26 | 30,230,000.00 | |||||||||
| Principal Paid | 0.00 | |||||||||
| Note Balance @ 04/15/26 | 30,230,000.00 | |||||||||
| Note Factor @ 04/15/26 | 100.0000000 | % | ||||||||
| Class C | ||||||||||
| Note Balance @ 03/16/26 | 15,120,000.00 | |||||||||
| Principal Paid | 0.00 | |||||||||
| Note Balance @ 04/15/26 | 15,120,000.00 | |||||||||
| Note Factor @ 04/15/26 | 100.0000000 | % | ||||||||
| Interest & Principal Payments | $ Amount | |||||||||
| Total Interest Paid | 813,857.56 | |||||||||
| Total Principal Paid | 11,711,197.98 | |||||||||
| Total Paid | 12,525,055.54 | |||||||||
| 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 | 3.67223 | % | ||||||||
| Coupon | 4.10223 | % | ||||||||
| Interest Paid | 0.00 | |||||||||
| Principal Paid | 0.00 | |||||||||
| Total Paid to A-2b Holders | 0.00 | |||||||||
| Class A-3 | ||||||||||
| Coupon | 4.83000 | % | ||||||||
| Interest Paid | 242,319.31 | |||||||||
| Principal Paid | 11,711,197.98 | |||||||||
| Total Paid to A-3 Holders | 11,953,517.29 | |||||||||
| Class A-4 | ||||||||||
| Coupon | 4.66000 | % | ||||||||
| Interest Paid | 379,052.17 | |||||||||
| Principal Paid | 0.00 | |||||||||
| Total Paid to A-4 Holders | 379,052.17 | |||||||||
| 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 | 0.8076948 | |||||||||
| Total Interest Carryover Shortfall | 0.0000000 | |||||||||
| Total Principal Distribution Amount | 11.6225182 | |||||||||
| Total Distribution Amount | 12.4302130 | |||||||||
| 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 | 0.8657972 | |||||||||
| A-3 Interest Carryover Shortfall | 0.0000000 | |||||||||
| A-3 Principal Distribution Amount | 41.8436401 | |||||||||
| Total A-3 Distribution Amount | 42.7094373 | |||||||||
| A-4 Interest Distribution Amount | 3.8833334 | |||||||||
| A-4 Interest Carryover Shortfall | 0.0000000 | |||||||||
| A-4 Principal Distribution Amount | 0.0000000 | |||||||||
| Total A-4 Distribution Amount | 3.8833334 | |||||||||
| 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 | 569.80 | |||||||||
| Noteholders' Principal Distributable Amount | 430.20 | |||||||||
| Account Balances | $ Amount | |||||||||
| Reserve Account | ||||||||||
| Balance as of 03/16/26 | 5,038,175.22 | |||||||||
| Investment Earnings | 14,973.63 | |||||||||
| Investment Earnings Paid | (14,973.63 | ) | ||||||||
| Deposit/(Withdrawal) | - | |||||||||
| Balance as of 04/15/26 | 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 | $ | 1,567,693.65 | 1,331,042.90 | 1,466,221.27 | ||||||||
| Number of Extensions | 77 | 64 | 69 | |||||||||
| Ratio of extensions to Beginning of Period Receivables Balance | 0.72 | % | 0.58 | % | 0.61 | % | ||||||
World Omni Auto Receivables Trust 2023-A published this content on April 29, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 29, 2026 at 12:59 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]