EX-99.1 2 tm2526680d34_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

World Omni Auto Receivables Trust 2024-A            
Monthly Servicer Certificate            
August 31, 2025            
             
Dates Covered            
Collections Period   08/01/25 - 08/31/25           
Interest Accrual Period   08/15/25 - 09/14/25           
30/360 Days   30           
Actual/360 Days   31           
Distribution Date   09/15/25           
                
Collateral Pool Balance Data   $ Amount    # of Accounts      
Pool Balance at 07/31/25   618,757,136.26    28,626      
Yield Supplement Overcollateralization Amount 07/31/25   41,387,309.82    0      
Receivables Balance 07/31/25   660,144,446.08    28,626      
Principal Payments   29,168,929.53    603      
Defaulted Receivables   1,131,587.41    41      
Repurchased Accounts   0.00    0      
Yield Supplement Overcollateralization Amount at 08/31/25   38,734,323.07    0      
Pool Balance at 08/31/25   591,109,606.07    27,982      
                
Pool Statistics   $ Amount    # of Accounts      
Pool Factor   46.87%          
Prepayment ABS Speed   1.61%          
Aggregate Starting Principal Balance   1,343,677,474.68    40,916      
                
Delinquent Receivables:               
Past Due 31-60 days   10,499,189.05    344      
Past Due 61-90 days   3,625,176.33    128      
Past Due 91-120 days   579,338.75    23      
Past Due 121+ days   0.00    0      
 Total   14,703,704.13    495      
                
Total 31+ Delinquent as % Aggregate Ending Principal Balance   2.33%          
Total 61+ Delinquent as % Aggregate Ending Principal Balance   0.67%          
Delinquency Trigger Occurred   NO           
                
Recoveries   860,789.82           
Aggregate Net Losses/(Gains) - August 2025   270,797.59           
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):               
Current Net Losses/(Gains) Ratio   0.49%          
Prior Net Losses/(Gains) Ratio   0.44%          
Second Prior Net Losses/(Gains) Ratio   0.51%          
Third Prior Net Losses/(Gains) Ratio   0.28%          
Four Month Average   0.43%          
                
Cumulative Net Loss as a % of Aggregate Starting Principal Balance   0.61%          
                
Overcollateralization Target Amount   6,797,760.47           
Actual Overcollateralization   6,797,760.47           
Weighted Average Contract Rate   6.59%          
Weighted Average Contract Rate, Yield Adjusted   10.47%          
Weighted Average Remaining Term   43.94           
                
Flow of Funds   $ Amount           
Collections   33,633,941.40           
Investment Earnings on Cash Accounts   15,216.70           
Servicing Fee   (550,120.37)          
Transfer to Collection Account   -           
Available Funds   33,099,037.73           
                
Distributions of Available Funds               
    (1)  Asset Representation Reviewer Amounts (up to $150,000 per year)   -           
    (2)  Class A Interest   2,253,487.49           
    (3)  Noteholders' First Priority Principal Distributable Amount   -           
    (4)  Class B Interest   156,390.25           
    (5)  Noteholders' Second Priority Principal Distributable Amount   2,091,823.12           
    (6)  Class C Interest   81,597.00           
    (7)  Noteholders' Third Priority Principal Distributable Amount   18,440,000.00           
    (8)  Required Reserve Account   -           
    (9)  Noteholders' Principal Distributable Amount   6,797,760.47           
   (10)  Asset Representation Reviewer Amounts (in excess of 1)   -           
   (11)  Distribution to Certificateholders   3,277,979.40           
                
Total Distributions of Available Funds   33,099,037.73           
                
Servicing Fee   550,120.37           
Unpaid Servicing Fee   -           
Change in amount of the unpaid servicing fee from the prior period   -           

 

 

 

Note Balances & Note Factors   $ Amount           
Original Class A   1,170,710,000.00           
Original Class B   36,870,000.00           
Original Class C   18,440,000.00           
                
Total Class A, B, & C               
Note Balance @ 08/15/25   611,641,429.19           
Principal Paid   27,329,583.59           
Note Balance @ 09/15/25   584,311,845.60           
                
Class A-1               
Note Balance @ 08/15/25   0.00           
Principal Paid   0.00           
Note Balance @ 09/15/25   0.00           
Note Factor @ 09/15/25   0.0000000%          
                
Class A-2a               
Note Balance @ 08/15/25   13,716,335.47           
Principal Paid   10,966,824.57           
Note Balance @ 09/15/25   2,749,510.90           
Note Factor @ 09/15/25   1.5778210%          
                
Class A-2b               
Note Balance @ 08/15/25   20,465,093.72           
Principal Paid   16,362,759.02           
Note Balance @ 09/15/25   4,102,334.70           
Note Factor @ 09/15/25   1.5778210%          
                
Class A-3               
Note Balance @ 08/15/25   434,260,000.00           
Principal Paid   0.00           
Note Balance @ 09/15/25   434,260,000.00           
Note Factor @ 09/15/25   100.0000000%          
                
Class A-4               
Note Balance @ 08/15/25   87,890,000.00           
Principal Paid   0.00           
Note Balance @ 09/15/25   87,890,000.00           
Note Factor @ 09/15/25   100.0000000%          
                
Class B               
Note Balance @ 08/15/25   36,870,000.00           
Principal Paid   0.00           
Note Balance @ 09/15/25   36,870,000.00           
Note Factor @ 09/15/25   100.0000000%          
                
Class C               
Note Balance @ 08/15/25   18,440,000.00           
Principal Paid   0.00           
Note Balance @ 09/15/25   18,440,000.00           
Note Factor @ 09/15/25   100.0000000%          
                
Interest & Principal Payments   $ Amount           
Total Interest Paid   2,491,474.74           
Total Principal Paid   27,329,583.59           
Total Paid   29,821,058.33           
                
Class A-1               
Coupon   5.51900%          
Interest Paid   0.00           
Principal Paid   0.00           
Total Paid to A-1 Holders   0.00           
                
Class A-2a               
Coupon   5.05000%          
Interest Paid   57,722.91           
Principal Paid   10,966,824.57           
Total Paid to A-2a Holders   11,024,547.48           
                
Class A-2b               
SOFR Rate   4.34270%          
Coupon   4.68270%          
Interest Paid   82,521.91           
Principal Paid   16,362,759.02           
Total Paid to A-2b Holders   16,445,280.93           
                
Class A-3               
Coupon   4.86000%          
Interest Paid   1,758,753.00           
Principal Paid   0.00           
Total Paid to A-3 Holders   1,758,753.00           
                
Class A-4               
Coupon   4.84000%          
Interest Paid   354,489.67           
Principal Paid   0.00           
Total Paid to A-4 Holders   354,489.67           
                
Class B               
Coupon   5.09000%          
Interest Paid   156,390.25           
Principal Paid   0.00           
Total Paid to B Holders   156,390.25           
                
Class C               
Coupon   5.31000%          
Interest Paid   81,597.00           
Principal Paid   0.00           
Total Paid to C Holders   81,597.00           

 

 

Distribution per $1,000 of Notes   Total            
Total Interest Distribution Amount   2.0321648           
Total Interest Carryover Shortfall   0.0000000           
Total Principal Distribution Amount   22.2913032           
Total Distribution Amount   24.3234680           
                
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   0.3312459           
A-2a Interest Carryover Shortfall   0.0000000           
A-2a  Principal Distribution Amount   62.9336886           
Total A-2a  Distribution Amount   63.2649345           
                
A-2b  Interest Distribution Amount   0.3173920           
A-2b Interest Carryover Shortfall   0.0000000           
A-2b  Principal Distribution Amount   62.9336885           
Total A-2b  Distribution Amount   63.2510805           
                
A-3 Interest Distribution Amount   4.0500000           
A-3 Interest Carryover Shortfall   0.0000000           
A-3 Principal Distribution Amount   0.0000000           
Total A-3 Distribution Amount   4.0500000           
                
A-4 Interest Distribution Amount   4.0333334           
A-4 Interest Carryover Shortfall   0.0000000           
A-4 Principal Distribution Amount   0.0000000           
Total A-4 Distribution Amount   4.0333334           
                
B Interest Distribution Amount   4.2416667           
B Interest Carryover Shortfall   0.0000000           
B Principal Distribution Amount   0.0000000           
Total B Distribution Amount   4.2416667           
                
C Interest Distribution Amount   4.4250000           
C Interest Carryover Shortfall   0.0000000           
C Principal Distribution Amount   0.0000000           
Total C Distribution Amount   4.4250000           
                
Noteholders' First Priority Principal Distributable Amount   0.00           
Noteholders' Second Priority Principal Distributable Amount   76.54           
Noteholders' Third Priority Principal Distributable Amount   674.73           
Noteholders' Principal Distributable Amount   248.73           
                
Account Balances   $ Amount           
Reserve Account               
Balance as of 08/15/25   3,072,738.16           
Investment Earnings   11,085.05           
Investment Earnings Paid   (11,085.05)          
Deposit/(Withdrawal)   -           
Balance as of 09/15/25   3,072,738.16           
Change   -           
                
Required Reserve Amount   3,072,738.16