World Omni Auto Receivables Trust 2023-C

04/29/2026 | Press release | Distributed by Public on 04/29/2026 07:17

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

World Omni Auto Receivables Trust 2023-C
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 02/28/26 278,299,195.93 18,437
Yield Supplement Overcollateralization Amount 02/28/26 16,864,330.22 0
Receivables Balance 02/28/26 295,163,526.15 18,437
Principal Payments 17,263,030.63 726
Defaulted Receivables 402,216.36 16
Repurchased Accounts 0.00 0
Yield Supplement Overcollateralization Amount at 03/31/26 15,444,098.08 0
Pool Balance at 03/31/26 262,054,181.08 17,695
Pool Statistics $ Amount # of Accounts
Pool Factor 23.85 %
Prepayment ABS Speed 1.44 %
Aggregate Starting Principal Balance 1,163,498,581.79 43,008
Delinquent Receivables:
Past Due 31-60 days 6,562,001.56 290
Past Due 61-90 days 1,576,461.81 66
Past Due 91-120 days 538,552.33 20
Past Due 121+ days 0.00 0
Total 8,677,015.70 376
Total 31+ Delinquent as % Aggregate Ending Principal Balance 3.13 %
Total 61+ Delinquent as % Aggregate Ending Principal Balance 0.76 %
Delinquency Trigger Occurred NO
Recoveries 363,338.50
Aggregate Net Losses/(Gains) - March 2026 38,877.86
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):
Current Net Losses/(Gains) Ratio 0.16 %
Prior Net Losses/(Gains) Ratio 1.44 %
Second Prior Net Losses/(Gains) Ratio 0.66 %
Third Prior Net Losses/(Gains) Ratio 0.26 %
Four Month Average 0.63 %
Cumulative Net Loss as a % of Aggregate Starting Principal Balance 0.77 %
Overcollateralization Target Amount 5,206,702.45
Actual Overcollateralization 5,206,702.45
Weighted Average Contract Rate 6.25 %
Weighted Average Contract Rate, Yield Adjusted 10.74 %
Weighted Average Remaining Term 33.39
Flow of Funds $ Amount
Collections 19,124,021.57
Investment Earnings on Cash Accounts 9,411.05
Servicing Fee (245,969.61 )
Transfer to Collection Account -
Available Funds 18,887,463.01
Distributions of Available Funds
(1) Asset Representation Reviewer Amounts (up to $150,000 per year) -
(2) Class A Interest 962,557.37
(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 11,038,312.40
(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 1,468,671.21
Total Distributions of Available Funds 18,887,463.01
Servicing Fee 245,969.61
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 @ 03/16/26 273,092,493.48
Principal Paid 16,245,014.85
Note Balance @ 04/15/26 256,847,478.63
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 @ 03/16/26 142,242,493.48
Principal Paid 16,245,014.85
Note Balance @ 04/15/26 125,997,478.63
Note Factor @ 04/15/26 39.8348020 %
Class A-4
Note Balance @ 03/16/26 84,000,000.00
Principal Paid 0.00
Note Balance @ 04/15/26 84,000,000.00
Note Factor @ 04/15/26 100.0000000 %
Class B
Note Balance @ 03/16/26 31,200,000.00
Principal Paid 0.00
Note Balance @ 04/15/26 31,200,000.00
Note Factor @ 04/15/26 100.0000000 %
Class C
Note Balance @ 03/16/26 15,650,000.00
Principal Paid 0.00
Note Balance @ 04/15/26 15,650,000.00
Note Factor @ 04/15/26 100.0000000 %
Interest & Principal Payments $ Amount
Total Interest Paid 1,173,776.95
Total Principal Paid 16,245,014.85
Total Paid 17,418,791.80
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 3.67223 %
Coupon 4.08223 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-2b Holders 0.00
Class A-3
Coupon 5.15000 %
Interest Paid 610,457.37
Principal Paid 16,245,014.85
Total Paid to A-3 Holders 16,855,472.22
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 1.1299898
Total Interest Carryover Shortfall 0.0000000
Total Principal Distribution Amount 15.6390035
Total Distribution Amount 16.7689933
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 1.9299948
A-3 Interest Carryover Shortfall 0.0000000
A-3 Principal Distribution Amount 51.3595158
Total A-3 Distribution Amount 53.2895106
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 679.49
Noteholders' Principal Distributable Amount 320.51
Account Balances $ Amount
Reserve Account
Balance as of 03/16/26 2,603,351.22
Investment Earnings 7,737.25
Investment Earnings Paid (7,737.25 )
Deposit/(Withdrawal) -
Balance as of 04/15/26 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 $ 1,854,257.73 1,424,032.47 2,053,704.59
Number of Extensions 88 67 87
Ratio of extensions to Beginning of Period Receivables Balance 0.63 % 0.46 % 0.63 %
World Omni Auto Receivables Trust 2023-C published this content on April 29, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 29, 2026 at 13:17 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]