World Omni Select Auto Trust 2023-A

04/29/2026 | Press release | Distributed by Public on 04/29/2026 08:05

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

World Omni Select Auto Trust 2023-A
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 02/28/26 192,971,641.91 11,736
Principal Payments 9,420,101.89 244
Defaulted Receivables 1,038,270.78 54
Repurchased Accounts 0.00 0
Pool Balance at 03/31/26 182,513,269.24 11,438
Pool Statistics $ Amount # of Accounts
Pool Factor 19.59 %
Prepayment ABS Speed 1.20 %
Aggregate Starting Principal Balance 931,757,001.63 37,582
Delinquent Receivables:
Past Due 31-60 days 15,636,492.08 895
Past Due 61-90 days 3,950,065.35 210
Past Due 91-120 days 909,835.12 56
Past Due 121+ days 0.00 0
Total 20,496,392.55 1,161
Total 31+ Delinquent as % Ending Pool Balance 11.23 %
Total 61+ Delinquent as % Ending Pool Balance 2.66 %
Delinquency Trigger Occurred NO
Recoveries 666,893.49
Aggregate Net Losses/(Gains) - March 2026 371,377.29
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):
Current Net Losses/(Gains) Ratio 2.31 %
Prior Net Losses/(Gains) Ratio 1.10 %
Second Prior Net Losses/(Gains) Ratio 0.05 %
Third Prior Net Losses/(Gains) Ratio 2.80 %
Four Month Average 1.57 %
Cumulative Net Loss as a % of Aggregate Starting Principal Balance 2.96 %
Overcollateralization Target Amount 18,635,140.03
Actual Overcollateralization 18,635,140.03
Weighted Average Contract Rate 8.94 %
Weighted Average Remaining Term 32.17
Flow of Funds $ Amount
Collections 11,494,259.14
Investment Earnings on Cash Accounts 14,898.24
Servicing Fee (201,012.13 )
Transfer to Collection Account -
Available Funds 11,308,145.25
Distributions of Available Funds
(1) Asset Representation Reviewer Amounts (up to $150,000 per calendar year) -
(2) Class A Interest 0.00
(3) Noteholders' First Priority Principal Distributable Amount -
(4) Class B Interest 187,382.64
(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 10,458,372.67
(12) Asset Representation Reviewer Amounts (in excess of 1) -
(13) Distribution to Certificateholders 380,539.94
Total Distributions of Available Funds 11,308,145.25
Servicing Fee 201,012.13
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 @ 03/16/26 174,336,501.88
Principal Paid 10,458,372.67
Note Balance @ 04/15/26 163,878,129.21
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 0.00
Principal Paid 0.00
Note Balance @ 04/15/26 0.00
Note Factor @ 04/15/26 0.0000000 %
Class B
Note Balance @ 03/16/26 38,306,501.88
Principal Paid 10,458,372.67
Note Balance @ 04/15/26 27,848,129.21
Note Factor @ 04/15/26 67.9222664 %
Class C
Note Balance @ 03/16/26 56,370,000.00
Principal Paid 0.00
Note Balance @ 04/15/26 56,370,000.00
Note Factor @ 04/15/26 100.0000000 %
Class D
Note Balance @ 03/16/26 61,030,000.00
Principal Paid 0.00
Note Balance @ 04/15/26 61,030,000.00
Note Factor @ 04/15/26 100.0000000 %
Class E
Note Balance @ 03/16/26 18,630,000.00
Principal Paid 0.00
Note Balance @ 04/15/26 18,630,000.00
Note Factor @ 04/15/26 100.0000000 %
Interest & Principal Payments $ Amount
Total Interest Paid 469,232.64
Total Principal Paid 10,458,372.67
Total Paid 10,927,605.31
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 3.67223 %
Coupon 4.52223 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-2b Holders 0.00
Class A-3
Coupon 5.65000 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-3 Holders 0.00
Class B
Coupon 5.87000 %
Interest Paid 187,382.64
Principal Paid 10,458,372.67
Total Paid to B Holders 10,645,755.31
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 0.5377470
Total Interest Carryover Shortfall 0.0000000
Total Principal Distribution Amount 11.9854372
Total Distribution Amount 12.5231842
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 0.0000000
A-3 Interest Carryover Shortfall 0.0000000
A-3 Principal Distribution Amount 0.0000000
Total A-3 Distribution Amount 0.0000000
B Interest Distribution Amount 4.5703083
B Interest Carryover Shortfall 0.0000000
B Principal Distribution Amount 255.0822602
Total B Distribution Amount 259.6525685
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 03/16/26 4,658,785.01
Investment Earnings 13,846.07
Investment Earnings Paid (13,846.07 )
Deposit/(Withdrawal) -
Balance as of 04/15/26 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 $ 2,932,994.85 $ 2,898,262.19 $ 3,196,735.17
Number of Extensions 171 168 180
Ratio of extensions to Beginning of Period Receivables Balance 1.52 % 1.43 % 1.50 %
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 April 29, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 29, 2026 at 14:05 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]