World Omni Auto Receivables Trust 2023-C

09/29/2025 | Press release | Distributed by Public on 09/29/2025 11:32

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

World Omni Auto Receivables Trust 2023-C
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 07/31/25 395,636,115.84 22,023
Yield Supplement Overcollateralization Amount 07/31/25 28,441,174.05 0
Receivables Balance 07/31/25 424,077,289.89 22,023
Principal Payments 19,909,610.12 526
Defaulted Receivables 731,246.44 32
Repurchased Accounts 0.00 0
Yield Supplement Overcollateralization Amount at 08/31/25 26,499,181.04 0
Pool Balance at 08/31/25 376,937,252.29 21,465
Pool Statistics $ Amount # of Accounts
Pool Factor 34.67 %
Prepayment ABS Speed 1.42 %
Aggregate Starting Principal Balance 1,163,498,581.79 43,008
Delinquent Receivables:
Past Due 31-60 days 8,065,307.13 313
Past Due 61-90 days 2,865,645.92 112
Past Due 91-120 days 444,001.42 17
Past Due 121+ days 0.00 0
Total 11,374,954.47 442
Total 31+ Delinquent as % Aggregate Ending Principal Balance 2.82 %
Total 61+ Delinquent as % Aggregate Ending Principal Balance 0.82 %
Delinquency Trigger Occurred NO
Recoveries 664,746.69
Aggregate Net Losses/(Gains) - August 2025 66,499.75
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):
Current Net Losses/(Gains) Ratio 0.19 %
Prior Net Losses/(Gains) Ratio 0.65 %
Second Prior Net Losses/(Gains) Ratio 0.21 %
Third Prior Net Losses/(Gains) Ratio 0.35 %
Four Month Average 0.35 %
Cumulative Net Loss as a % of Aggregate Starting Principal Balance 0.66 %
Overcollateralization Target Amount 5,206,702.45
Actual Overcollateralization 5,206,702.45
Weighted Average Contract Rate 6.11 %
Weighted Average Contract Rate, Yield Adjusted 10.74 %
Weighted Average Remaining Term 39.02
Flow of Funds $ Amount
Collections 22,713,428.98
Investment Earnings on Cash Accounts 12,206.98
Servicing Fee (353,397.74 )
Transfer to Collection Account -
Available Funds 22,372,238.22
Distributions of Available Funds
(1) Asset Representation Reviewer Amounts (up to $150,000 per year) -
(2) Class A Interest 1,466,128.32
(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 13,492,161.10
(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 1,996,026.77
Total Distributions of Available Funds 22,372,238.22
Servicing Fee 353,397.74
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 @ 08/15/25 390,429,413.39
Principal Paid 18,698,863.55
Note Balance @ 09/15/25 371,730,549.84
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 0.00
Principal Paid 0.00
Note Balance @ 09/15/25 0.00
Note Factor @ 09/15/25 0.0000000 %
Class A-2b
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-3
Note Balance @ 08/15/25 259,579,413.39
Principal Paid 18,698,863.55
Note Balance @ 09/15/25 240,880,549.84
Note Factor @ 09/15/25 76.1557224 %
Class A-4
Note Balance @ 08/15/25 84,000,000.00
Principal Paid 0.00
Note Balance @ 09/15/25 84,000,000.00
Note Factor @ 09/15/25 100.0000000 %
Class B
Note Balance @ 08/15/25 31,200,000.00
Principal Paid 0.00
Note Balance @ 09/15/25 31,200,000.00
Note Factor @ 09/15/25 100.0000000 %
Class C
Note Balance @ 08/15/25 15,650,000.00
Principal Paid 0.00
Note Balance @ 09/15/25 15,650,000.00
Note Factor @ 09/15/25 100.0000000 %
Interest & Principal Payments $ Amount
Total Interest Paid 1,677,347.90
Total Principal Paid 18,698,863.55
Total Paid 20,376,211.45
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 4.34270 %
Coupon 4.75270 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-2b Holders 0.00
Class A-3
Coupon 5.15000 %
Interest Paid 1,114,028.32
Principal Paid 18,698,863.55
Total Paid to A-3 Holders 19,812,891.87
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 1.6147754
Total Interest Carryover Shortfall 0.0000000
Total Principal Distribution Amount 18.0013127
Total Distribution Amount 19.6160881
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 3.5220623
A-3 Interest Carryover Shortfall 0.0000000
A-3 Principal Distribution Amount 59.1174946
Total A-3 Distribution Amount 62.6395569
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 721.55
Noteholders' Principal Distributable Amount 278.45
Account Balances $ Amount
Reserve Account
Balance as of 08/15/25 2,603,351.22
Investment Earnings 9,391.71
Investment Earnings Paid (9,391.71 )
Deposit/(Withdrawal) -
Balance as of 09/15/25 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 $ 2,404,688.16 2,709,989.13 3,066,089.85
Number of Extensions 92 106 122
Ratio of extensions to Beginning of Period Receivables Balance 0.57 % 0.61 % 0.65 %
World Omni Auto Receivables Trust 2023-C published this content on September 29, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on September 29, 2025 at 17:32 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]