World Omni Auto Receivables Trust 2023-C

07/29/2026 | Press release | Distributed by Public on 07/29/2026 09:55

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

World Omni Auto Receivables Trust 2023-C

Monthly Servicer Certificate

June 30, 2026

Dates Covered
Collections Period 06/01/26 - 06/30/26
Interest Accrual Period 06/15/26 - 07/14/26
30/360 Days 30
Actual/360 Days 30
Distribution Date 07/15/26
Collateral Pool Balance Data $ Amount # of Accounts
Pool Balance at 05/31/26 234,519,638.42 16,139
Yield Supplement Overcollateralization Amount 05/31/26 13,083,527.39 0
Receivables Balance 05/31/26 247,603,165.81 16,139
Principal Payments 13,825,643.85 424
Defaulted Receivables 269,175.07 15
Repurchased Accounts 0.00 0
Yield Supplement Overcollateralization Amount at 06/30/26 11,997,762.98 0
Pool Balance at 06/30/26 221,510,583.91 15,700
Pool Statistics $ Amount # of Accounts
Pool Factor 20.07 %
Prepayment ABS Speed 1.29 %
Aggregate Starting Principal Balance 1,163,498,581.79 43,008
Delinquent Receivables:
Past Due 31-60 days 6,150,020.64 287
Past Due 61-90 days 1,857,790.95 87
Past Due 91-120 days 448,692.82 23
Past Due 121+ days 0.00 0
Total 8,456,504.41 397
Total 31+ Delinquent as % Aggregate Ending Principal Balance 3.62 %
Total 61+ Delinquent as % Aggregate Ending Principal Balance 0.99 %
Delinquency Trigger Occurred NO
Recoveries 259,077.17
Aggregate Net Losses/(Gains) - June 2026 10,097.90
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):
Current Net Losses/(Gains) Ratio 0.05 %
Prior Net Losses/(Gains) Ratio 0.21 %
Second Prior Net Losses/(Gains) Ratio 0.15 %
Third Prior Net Losses/(Gains) Ratio 0.16 %
Four Month Average 0.14 %
Cumulative Net Loss as a % of Aggregate Starting Principal Balance 0.78 %
Overcollateralization Target Amount 5,206,702.45
Actual Overcollateralization 5,206,702.45
Weighted Average Contract Rate 6.31 %
Weighted Average Contract Rate, Yield Adjusted 10.74 %
Weighted Average Remaining Term 30.94
Flow of Funds $ Amount
Collections 15,418,632.48
Investment Earnings on Cash Accounts 8,990.46
Servicing Fee (206,335.97 )
Transfer to Collection Account -
Available Funds 15,221,286.97
Distributions of Available Funds
(1) Asset Representation Reviewer Amounts (up to $150,000 per year) -
(2) Class A Interest 774,670.10
(3) Noteholders' First Priority Principal Distributable Amount -
(4) Class B Interest 139,360.00
(5) Noteholders' Second Priority Principal Distributable Amount -
(6) Class C Interest 71,859.58
(7) Noteholders' Third Priority Principal Distributable Amount 7,802,352.06
(8) Required Reserve Account -
(9) Noteholders' Principal Distributable Amount 5,206,702.45
(10) Asset Representation Reviewer Amounts (in excess of 1) -
(11) Distribution to Certificateholders 1,226,342.78
Total Distributions of Available Funds 15,221,286.97
Servicing Fee 206,335.97
Unpaid Servicing Fee -
Change in amount of the unpaid servicing fee from the prior period -
Note Balances & Note Factors $ Amount
Original Class A 991,900,000.00
Original Class B 31,200,000.00
Original Class C 15,650,000.00
Total Class A, B, & C
Note Balance @ 06/15/26 229,312,935.97
Principal Paid 13,009,054.51
Note Balance @ 07/15/26 216,303,881.46
Class A-1
Note Balance @ 06/15/26 0.00
Principal Paid 0.00
Note Balance @ 07/15/26 0.00
Note Factor @ 07/15/26 0.0000000 %
Class A-2a
Note Balance @ 06/15/26 0.00
Principal Paid 0.00
Note Balance @ 07/15/26 0.00
Note Factor @ 07/15/26 0.0000000 %
Class A-2b
Note Balance @ 06/15/26 0.00
Principal Paid 0.00
Note Balance @ 07/15/26 0.00
Note Factor @ 07/15/26 0.0000000 %
Class A-3
Note Balance @ 06/15/26 98,462,935.97
Principal Paid 13,009,054.51
Note Balance @ 07/15/26 85,453,881.46
Note Factor @ 07/15/26 27.0167188 %
Class A-4
Note Balance @ 06/15/26 84,000,000.00
Principal Paid 0.00
Note Balance @ 07/15/26 84,000,000.00
Note Factor @ 07/15/26 100.0000000 %
Class B
Note Balance @ 06/15/26 31,200,000.00
Principal Paid 0.00
Note Balance @ 07/15/26 31,200,000.00
Note Factor @ 07/15/26 100.0000000 %
Class C
Note Balance @ 06/15/26 15,650,000.00
Principal Paid 0.00
Note Balance @ 07/15/26 15,650,000.00
Note Factor @ 07/15/26 100.0000000 %
Interest & Principal Payments $ Amount
Total Interest Paid 985,889.68
Total Principal Paid 13,009,054.51
Total Paid 13,994,944.19
Class A-1
Coupon 5.60700 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-1 Holders 0.00
Class A-2a
Coupon 5.57000 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-2a Holders 0.00
Class A-2b
SOFR Rate 3.59301 %
Coupon 4.00301 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-2b Holders 0.00
Class A-3
Coupon 5.15000 %
Interest Paid 422,570.10
Principal Paid 13,009,054.51
Total Paid to A-3 Holders 13,431,624.61
Class A-4
Coupon 5.03000 %
Interest Paid 352,100.00
Principal Paid 0.00
Total Paid to A-4 Holders 352,100.00
Class B
Coupon 5.36000 %
Interest Paid 139,360.00
Principal Paid 0.00
Total Paid to B Holders 139,360.00
Class C
Coupon 5.51000 %
Interest Paid 71,859.58
Principal Paid 0.00
Total Paid to C Holders 71,859.58
Distribution per $1,000 of Notes Total
Total Interest Distribution Amount 0.9491116
Total Interest Carryover Shortfall 0.0000000
Total Principal Distribution Amount 12.5237589
Total Distribution Amount 13.4728705
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 1.3359788
A-3 Interest Carryover Shortfall 0.0000000
A-3 Principal Distribution Amount 41.1288476
Total A-3 Distribution Amount 42.4648264
A-4 Interest Distribution Amount 4.1916667
A-4 Interest Carryover Shortfall 0.0000000
A-4 Principal Distribution Amount 0.0000000
Total A-4 Distribution Amount 4.1916667
B Interest Distribution Amount 4.4666667
B Interest Carryover Shortfall 0.0000000
B Principal Distribution Amount 0.0000000
Total B Distribution Amount 4.4666667
C Interest Distribution Amount 4.5916665
C Interest Carryover Shortfall 0.0000000
C Principal Distribution Amount 0.0000000
Total C Distribution Amount 4.5916665
Noteholders' First Priority Principal Distributable Amount 0.00
Noteholders' Second Priority Principal Distributable Amount 0.00
Noteholders' Third Priority Principal Distributable Amount 599.76
Noteholders' Principal Distributable Amount 400.24
Account Balances $ Amount
Reserve Account
Balance as of 06/15/26 2,603,351.22
Investment Earnings 7,488.70
Investment Earnings Paid (7,488.70 )
Deposit/(Withdrawal) -
Balance as of 07/15/26 2,603,351.22
Change -
Required Reserve Amount 2,603,351.22
Other Servicing Information Current Month Prior Month Two Months Prior
Principal Balance of Receivables extended during the Collection Period $ 1,818,523.59 1,683,296.04 1,552,297.60
Number of Extensions 83 77 71
Ratio of extensions to Beginning of Period Receivables Balance 0.73 % 0.64 % 0.56 %
World Omni Auto Receivables Trust 2023-C published this content on July 29, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on July 29, 2026 at 15:55 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]