World Omni Auto Receivables Trust 2023-C
10/29/2025 | Press release | Distributed by Public on 10/29/2025 05:37
Asset-Backed Issuer Distribution Report (Form 10-D)
World Omni Auto Receivables Trust 2023-C
Monthly Servicer Certificate
September 30, 2025
| Dates Covered | ||||||||||
| Collections Period | 09/01/25 - 09/30/25 | |||||||||
| Interest Accrual Period | 09/15/25 - 10/14/25 | |||||||||
| 30/360 Days | 30 | |||||||||
| Actual/360 Days | 30 | |||||||||
| Distribution Date | 10/15/25 | |||||||||
| Collateral Pool Balance Data | $ Amount | # of Accounts | ||||||||
| Pool Balance at 08/31/25 | 376,937,252.29 | 21,465 | ||||||||
| Yield Supplement Overcollateralization Amount 08/31/25 | 26,499,181.04 | 0 | ||||||||
| Receivables Balance 08/31/25 | 403,436,433.33 | 21,465 | ||||||||
| Principal Payments | 19,197,005.34 | 484 | ||||||||
| Defaulted Receivables | 740,309.73 | 33 | ||||||||
| Repurchased Accounts | 0.00 | 0 | ||||||||
| Yield Supplement Overcollateralization Amount at 09/30/25 | 24,633,069.25 | 0 | ||||||||
| Pool Balance at 09/30/25 | 358,866,049.01 | 20,948 | ||||||||
| Pool Statistics | $ Amount | # of Accounts | ||||||||
| Pool Factor | 32.96 | % | ||||||||
| Prepayment ABS Speed | 1.41 | % | ||||||||
| Aggregate Starting Principal Balance | 1,163,498,581.79 | 43,008 | ||||||||
| Delinquent Receivables: | ||||||||||
| Past Due 31-60 days | 7,774,098.46 | 314 | ||||||||
| Past Due 61-90 days | 2,638,744.29 | 99 | ||||||||
| Past Due 91-120 days | 426,996.02 | 22 | ||||||||
| Past Due 121+ days | 0.00 | 0 | ||||||||
| Total | 10,839,838.77 | 435 | ||||||||
| Total 31+ Delinquent as % Aggregate Ending Principal Balance | 2.83 | % | ||||||||
| Total 61+ Delinquent as % Aggregate Ending Principal Balance | 0.80 | % | ||||||||
| Delinquency Trigger Occurred | NO | |||||||||
| Recoveries | 603,320.01 | |||||||||
| Aggregate Net Losses/(Gains) - September 2025 | 136,989.72 | |||||||||
| Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized): | ||||||||||
| Current Net Losses/(Gains) Ratio | 0.41 | % | ||||||||
| Prior Net Losses/(Gains) Ratio | 0.19 | % | ||||||||
| Second Prior Net Losses/(Gains) Ratio | 0.65 | % | ||||||||
| Third Prior Net Losses/(Gains) Ratio | 0.21 | % | ||||||||
| Four Month Average | 0.37 | % | ||||||||
| Cumulative Net Loss as a % of Aggregate Starting Principal Balance | 0.68 | % | ||||||||
| Overcollateralization Target Amount | 5,206,702.45 | |||||||||
| Actual Overcollateralization | 5,206,702.45 | |||||||||
| Weighted Average Contract Rate | 6.12 | % | ||||||||
| Weighted Average Contract Rate, Yield Adjusted | 10.74 | % | ||||||||
| Weighted Average Remaining Term | 38.19 | |||||||||
| Flow of Funds | $ Amount | |||||||||
| Collections | 21,902,276.67 | |||||||||
| Investment Earnings on Cash Accounts | 11,418.04 | |||||||||
| Servicing Fee | (336,197.03 | ) | ||||||||
| Transfer to Collection Account | - | |||||||||
| Available Funds | 21,577,497.68 | |||||||||
| Distributions of Available Funds | ||||||||||
| (1) Asset Representation Reviewer Amounts (up to $150,000 per year) | - | |||||||||
| (2) Class A Interest | 1,385,879.03 | |||||||||
| (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 | 12,864,500.83 | |||||||||
| (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 | 1,909,195.79 | |||||||||
| Total Distributions of Available Funds | 21,577,497.68 | |||||||||
| Servicing Fee | 336,197.03 | |||||||||
| 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 @ 09/15/25 | 371,730,549.84 | |||||||||
| Principal Paid | 18,071,203.28 | |||||||||
| Note Balance @ 10/15/25 | 353,659,346.56 | |||||||||
| Class A-1 | ||||||||||
| Note Balance @ 09/15/25 | 0.00 | |||||||||
| Principal Paid | 0.00 | |||||||||
| Note Balance @ 10/15/25 | 0.00 | |||||||||
| Note Factor @ 10/15/25 | 0.0000000 | % | ||||||||
| Class A-2a | ||||||||||
| Note Balance @ 09/15/25 | 0.00 | |||||||||
| Principal Paid | 0.00 | |||||||||
| Note Balance @ 10/15/25 | 0.00 | |||||||||
| Note Factor @ 10/15/25 | 0.0000000 | % | ||||||||
| Class A-2b | ||||||||||
| Note Balance @ 09/15/25 | 0.00 | |||||||||
| Principal Paid | 0.00 | |||||||||
| Note Balance @ 10/15/25 | 0.00 | |||||||||
| Note Factor @ 10/15/25 | 0.0000000 | % | ||||||||
| Class A-3 | ||||||||||
| Note Balance @ 09/15/25 | 240,880,549.84 | |||||||||
| Principal Paid | 18,071,203.28 | |||||||||
| Note Balance @ 10/15/25 | 222,809,346.56 | |||||||||
| Note Factor @ 10/15/25 | 70.4424112 | % | ||||||||
| Class A-4 | ||||||||||
| Note Balance @ 09/15/25 | 84,000,000.00 | |||||||||
| Principal Paid | 0.00 | |||||||||
| Note Balance @ 10/15/25 | 84,000,000.00 | |||||||||
| Note Factor @ 10/15/25 | 100.0000000 | % | ||||||||
| Class B | ||||||||||
| Note Balance @ 09/15/25 | 31,200,000.00 | |||||||||
| Principal Paid | 0.00 | |||||||||
| Note Balance @ 10/15/25 | 31,200,000.00 | |||||||||
| Note Factor @ 10/15/25 | 100.0000000 | % | ||||||||
| Class C | ||||||||||
| Note Balance @ 09/15/25 | 15,650,000.00 | |||||||||
| Principal Paid | 0.00 | |||||||||
| Note Balance @ 10/15/25 | 15,650,000.00 | |||||||||
| Note Factor @ 10/15/25 | 100.0000000 | % | ||||||||
| Interest & Principal Payments | $ Amount | |||||||||
| Total Interest Paid | 1,597,098.61 | |||||||||
| Total Principal Paid | 18,071,203.28 | |||||||||
| Total Paid | 19,668,301.89 | |||||||||
| 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 | 4.37208 | % | ||||||||
| Coupon | 4.78208 | % | ||||||||
| Interest Paid | 0.00 | |||||||||
| Principal Paid | 0.00 | |||||||||
| Total Paid to A-2b Holders | 0.00 | |||||||||
| Class A-3 | ||||||||||
| Coupon | 5.15000 | % | ||||||||
| Interest Paid | 1,033,779.03 | |||||||||
| Principal Paid | 18,071,203.28 | |||||||||
| Total Paid to A-3 Holders | 19,104,982.31 | |||||||||
| 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 | 1.5375197 | |||||||||
| Total Interest Carryover Shortfall | 0.0000000 | |||||||||
| Total Principal Distribution Amount | 17.3970669 | |||||||||
| Total Distribution Amount | 18.9345866 | |||||||||
| 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 | 3.2683498 | |||||||||
| A-3 Interest Carryover Shortfall | 0.0000000 | |||||||||
| A-3 Principal Distribution Amount | 57.1331119 | |||||||||
| Total A-3 Distribution Amount | 60.4014617 | |||||||||
| 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 | 711.88 | |||||||||
| Noteholders' Principal Distributable Amount | 288.12 | |||||||||
| Account Balances | $ Amount | |||||||||
| Reserve Account | ||||||||||
| Balance as of 09/15/25 | 2,603,351.22 | |||||||||
| Investment Earnings | 8,803.69 | |||||||||
| Investment Earnings Paid | (8,803.69 | ) | ||||||||
| Deposit/(Withdrawal) | - | |||||||||
| Balance as of 10/15/25 | 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 | $ | 2,215,187.24 | 2,404,688.16 | 2,709,989.13 | ||||||
| Number of Extensions | 89 | 92 | 106 | |||||||
| Ratio of extensions to Beginning of Period Receivables Balance | 0.55 | % | 0.57 | % | 0.61 | % | ||||
World Omni Auto Receivables Trust 2023-C published this content on October 29, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on October 29, 2025 at 11:37 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]