World Omni Select Auto Trust 2023-A

01/29/2026 | Press release | Distributed by Public on 01/29/2026 06:51

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

World Omni Select Auto Trust 2023-A

Monthly Servicer Certificate

December 31, 2025

Dates Covered
Collections Period 12/01/25 - 12/31/25
Interest Accrual Period 12/15/25 - 01/14/26
30/360 Days 30
Actual/360 Days 31
Distribution Date 01/15/26
Collateral Pool Balance Data $ Amount # of Accounts
Pool Balance at 11/30/25 224,200,838.19 12,578
Principal Payments 9,840,198.86 217
Defaulted Receivables 1,357,754.82 69
Repurchased Accounts 0.00 0
Pool Balance at 12/31/25 213,002,884.51 12,292
Pool Statistics $ Amount # of Accounts
Pool Factor 22.86 %
Prepayment ABS Speed 1.20 %
Aggregate Starting Principal Balance 931,757,001.63 37,582
Delinquent Receivables:
Past Due 31-60 days 19,584,318.93 1,033
Past Due 61-90 days 5,850,578.05 307
Past Due 91-120 days 910,559.61 50
Past Due 121+ days 0.00 0
Total 26,345,456.59 1,390
Total 31+ Delinquent as % Ending Pool Balance 12.37 %
Total 61+ Delinquent as % Ending Pool Balance 3.17 %
Delinquency Trigger Occurred NO
Recoveries 834,127.41
Aggregate Net Losses/(Gains) - December 2025 523,627.41
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):
Current Net Losses/(Gains) Ratio 2.80 %
Prior Net Losses/(Gains) Ratio 1.83 %
Second Prior Net Losses/(Gains) Ratio 2.11 %
Third Prior Net Losses/(Gains) Ratio 1.48 %
Four Month Average 2.06 %
Cumulative Net Loss as a % of Aggregate Starting Principal Balance 2.90 %
Overcollateralization Target Amount 18,635,140.03
Actual Overcollateralization 18,635,140.03
Weighted Average Contract Rate 8.93 %
Weighted Average Remaining Term 34.94
Flow of Funds $ Amount
Collections 12,390,691.95
Investment Earnings on Cash Accounts 16,511.92
Servicing Fee (233,542.54 )
Transfer to Collection Account -
Available Funds 12,173,661.33
Distributions of Available Funds
(1) Asset Representation Reviewer Amounts (up to $150,000 per calendar year) -
(2) Class A Interest 134,355.58
(3) Noteholders' First Priority Principal Distributable Amount -
(4) Class B Interest 200,558.33
(5) Noteholders' Second Priority Principal Distributable Amount -
(6) Class C Interest 281,850.00
(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 11,197,953.68
(12) Asset Representation Reviewer Amounts (in excess of 1) -
(13) Distribution to Certificateholders 358,943.74
Total Distributions of Available Funds 12,173,661.33
Servicing Fee 233,542.54
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 @ 12/15/25 205,565,698.16
Principal Paid 11,197,953.68
Note Balance @ 01/15/26 194,367,744.48
Class A-1
Note Balance @ 12/15/25 0.00
Principal Paid 0.00
Note Balance @ 01/15/26 0.00
Note Factor @ 01/15/26 0.0000000 %
Class A-2a
Note Balance @ 12/15/25 0.00
Principal Paid 0.00
Note Balance @ 01/15/26 0.00
Note Factor @ 01/15/26 0.0000000 %
Class A-2b
Note Balance @ 12/15/25 0.00
Principal Paid 0.00
Note Balance @ 01/15/26 0.00
Note Factor @ 01/15/26 0.0000000 %
Class A-3
Note Balance @ 12/15/25 28,535,698.16
Principal Paid 11,197,953.68
Note Balance @ 01/15/26 17,337,744.48
Note Factor @ 01/15/26 13.3367265 %
Class B
Note Balance @ 12/15/25 41,000,000.00
Principal Paid 0.00
Note Balance @ 01/15/26 41,000,000.00
Note Factor @ 01/15/26 100.0000000 %
Class C
Note Balance @ 12/15/25 56,370,000.00
Principal Paid 0.00
Note Balance @ 01/15/26 56,370,000.00
Note Factor @ 01/15/26 100.0000000 %
Class D
Note Balance @ 12/15/25 61,030,000.00
Principal Paid 0.00
Note Balance @ 01/15/26 61,030,000.00
Note Factor @ 01/15/26 100.0000000 %
Class E
Note Balance @ 12/15/25 18,630,000.00
Principal Paid 0.00
Note Balance @ 01/15/26 18,630,000.00
Note Factor @ 01/15/26 100.0000000 %
Interest & Principal Payments $ Amount
Total Interest Paid 616,763.91
Total Principal Paid 11,197,953.68
Total Paid 11,814,717.59
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 3.98385 %
Coupon 4.83385 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-2b Holders 0.00
Class A-3
Coupon 5.65000 %
Interest Paid 134,355.58
Principal Paid 11,197,953.68
Total Paid to A-3 Holders 11,332,309.26
Class B
Coupon 5.87000 %
Interest Paid 200,558.33
Principal Paid 0.00
Total Paid to B Holders 200,558.33
Class C
Coupon 6.00000 %
Interest Paid 281,850.00
Principal Paid 0.00
Total Paid to C Holders 281,850.00
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 0.7068198
Total Interest Carryover Shortfall 0.0000000
Total Principal Distribution Amount 12.8330071
Total Distribution Amount 13.5398269
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 1.0335045
A-3 Interest Carryover Shortfall 0.0000000
A-3 Principal Distribution Amount 86.1381052
Total A-3 Distribution Amount 87.1716097
B Interest Distribution Amount 4.8916666
B Interest Carryover Shortfall 0.0000000
B Principal Distribution Amount 0.0000000
Total B Distribution Amount 4.8916666
C Interest Distribution Amount 5.0000000
C Interest Carryover Shortfall 0.0000000
C Principal Distribution Amount 0.0000000
Total C Distribution Amount 5.0000000
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 12/15/25 4,658,785.01
Investment Earnings 14,168.11
Investment Earnings Paid (14,168.11 )
Deposit/(Withdrawal) -
Balance as of 01/15/26 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 $ 4,402,851.56 $ 3,952,994.08 $ 4,639,807.66
Number of Extensions 231 207 233
Ratio of extensions to Beginning of Period Receivables Balance 1.96 % 1.68 % 1.87 %
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.
World Omni Select Auto Trust 2023-A published this content on January 29, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on January 29, 2026 at 12:51 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]