World Omni Auto Receivables Trust 2023-C

08/28/2026 | Press release | Distributed by Public on 08/28/2026 07:29

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

World Omni Auto Receivables Trust 2023-C

Monthly Servicer Certificate

July 31, 2026

Dates Covered
Collections Period 07/01/26 - 07/31/26
Interest Accrual Period 07/15/26 - 08/16/26
30/360 Days 30
Actual/360 Days 33
Distribution Date 08/17/26
Collateral Pool Balance Data $ Amount # of Accounts
Pool Balance at 06/30/26 221,510,583.91 15,700
Yield Supplement Overcollateralization Amount 06/30/26 11,997,762.98 0
Receivables Balance 06/30/26 233,508,346.89 15,700
Principal Payments 12,833,450.77 349
Defaulted Receivables 288,561.22 17
Repurchased Accounts 0.00 0
Yield Supplement Overcollateralization Amount at 07/31/26 10,992,891.38 0
Pool Balance at 07/31/26 209,393,443.52 15,334
Pool Statistics $ Amount # of Accounts
Pool Factor 18.94 %
Prepayment ABS Speed 1.24 %
Aggregate Starting Principal Balance 1,163,498,581.79 43,008
Delinquent Receivables:
Past Due 31-60 days 5,378,706.11 261
Past Due 61-90 days 2,020,789.33 95
Past Due 91-120 days 389,185.69 17
Past Due 121+ days 0.00 0
Total 7,788,681.13 373
Total 31+ Delinquent as % Aggregate Ending Principal Balance 3.53 %
Total 61+ Delinquent as % Aggregate Ending Principal Balance 1.09 %
Delinquency Trigger Occurred NO
Recoveries 254,522.27
Aggregate Net Losses/(Gains) - July 2026 34,038.95
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):
Current Net Losses/(Gains) Ratio 0.17 %
Prior Net Losses/(Gains) Ratio 0.05 %
Second Prior Net Losses/(Gains) Ratio 0.21 %
Third Prior Net Losses/(Gains) Ratio 0.15 %
Four Month Average 0.15 %
Cumulative Net Loss as a % of Aggregate Starting Principal Balance 0.78 %
Overcollateralization Target Amount 5,206,702.45
Actual Overcollateralization 5,206,702.45
Weighted Average Contract Rate 6.33 %
Weighted Average Contract Rate, Yield Adjusted 10.74 %
Weighted Average Remaining Term 30.10
Flow of Funds $ Amount
Collections 14,323,728.64
Investment Earnings on Cash Accounts 9,217.89
Servicing Fee (194,590.29 )
Transfer to Collection Account -
Available Funds 14,138,356.24
Distributions of Available Funds
(1) Asset Representation Reviewer Amounts (up to $150,000 per year) -
(2) Class A Interest 718,839.57
(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 6,910,437.94
(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 1,091,156.70
Total Distributions of Available Funds 14,138,356.24
Servicing Fee 194,590.29
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 @ 07/15/26 216,303,881.46
Principal Paid 12,117,140.39
Note Balance @ 08/17/26 204,186,741.07
Class A-1
Note Balance @ 07/15/26 0.00
Principal Paid 0.00
Note Balance @ 08/17/26 0.00
Note Factor @ 08/17/26 0.0000000 %
Class A-2a
Note Balance @ 07/15/26 0.00
Principal Paid 0.00
Note Balance @ 08/17/26 0.00
Note Factor @ 08/17/26 0.0000000 %
Class A-2b
Note Balance @ 07/15/26 0.00
Principal Paid 0.00
Note Balance @ 08/17/26 0.00
Note Factor @ 08/17/26 0.0000000 %
Class A-3
Note Balance @ 07/15/26 85,453,881.46
Principal Paid 12,117,140.39
Note Balance @ 08/17/26 73,336,741.07
Note Factor @ 08/17/26 23.1858176 %
Class A-4
Note Balance @ 07/15/26 84,000,000.00
Principal Paid 0.00
Note Balance @ 08/17/26 84,000,000.00
Note Factor @ 08/17/26 100.0000000 %
Class B
Note Balance @ 07/15/26 31,200,000.00
Principal Paid 0.00
Note Balance @ 08/17/26 31,200,000.00
Note Factor @ 08/17/26 100.0000000 %
Class C
Note Balance @ 07/15/26 15,650,000.00
Principal Paid 0.00
Note Balance @ 08/17/26 15,650,000.00
Note Factor @ 08/17/26 100.0000000 %
Interest & Principal Payments $ Amount
Total Interest Paid 930,059.15
Total Principal Paid 12,117,140.39
Total Paid 13,047,199.54
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 3.62539 %
Coupon 4.03539 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-2b Holders 0.00
Class A-3
Coupon 5.15000 %
Interest Paid 366,739.57
Principal Paid 12,117,140.39
Total Paid to A-3 Holders 12,483,879.96
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 0.8953638
Total Interest Carryover Shortfall 0.0000000
Total Principal Distribution Amount 11.6651171
Total Distribution Amount 12.5604809
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 1.1594675
A-3 Interest Carryover Shortfall 0.0000000
A-3 Principal Distribution Amount 38.3090117
Total A-3 Distribution Amount 39.4684792
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 570.30
Noteholders' Principal Distributable Amount 429.70
Account Balances $ Amount
Reserve Account
Balance as of 07/15/26 2,603,351.22
Investment Earnings 7,739.21
Investment Earnings Paid (7,739.21 )
Deposit/(Withdrawal) -
Balance as of 08/17/26 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 $ 1,981,643.89 1,818,523.59 1,683,296.04
Number of Extensions 99 83 77
Ratio of extensions to Beginning of Period Receivables Balance 0.85 % 0.73 % 0.64 %
World Omni Auto Receivables Trust 2023-C published this content on August 28, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on August 28, 2026 at 13:30 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]