06/22/2026 | Press release | Distributed by Public on 06/22/2026 13:02
SERVICER'S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
|
MONTHLY SERVICER REPORT -- Honda Auto Receivables 2023-3 Owner Trust |
||||||||
|
Collection Period: May 1, 2026 through May 31, 2026 |
||||||||
|
Deal Age |
34 |
Determination Date: 06/15/2026 |
|
|
Actual/360 Days |
31 |
Record Date: 06/17/2026 |
|
|
30/360 Days |
30 |
Payment Date: 06/18/2026 |
ORIGINAL DEAL PARAMETERS
|
Dollar Amount |
Number of Receivables |
|||||||||||||
|
Total Portfolio Balance |
$ |
1,889,359,251.43 |
84,946 |
|||||||||||
|
Accrual Basis |
Dollar Amount |
% of Pool |
Interest Rate |
Final Scheduled |
||||||||||||
|
Class A-1 Notes |
Actual/360 |
$ |
409,600,000.00 |
21.68 |
% |
5.626 |
% |
August 19, 2024 |
||||||||
|
Class A-2 Notes |
30/360 |
$ |
661,100,000.00 |
34.99 |
% |
5.710 |
% |
March 18, 2026 |
||||||||
|
Class A-3 Notes |
30/360 |
$ |
661,100,000.00 |
34.99 |
% |
5.410 |
% |
February 18, 2028 |
||||||||
|
Class A-4 Notes |
30/360 |
$ |
110,306,000.00 |
5.84 |
% |
5.300 |
% |
December 18, 2029 |
||||||||
|
Certificates |
30/360 |
$ |
47,253,251.43 |
2.50 |
% |
0.000 |
% |
|||||||||
|
Total Securities Balance |
$ |
1,889,359,251.43 |
||||||||||||||
|
Total Note Balance |
$ |
1,842,106,000.00 |
||||||||||||||
|
Reserve Account Initial Deposit |
$ |
4,723,398.13 |
||||||||||||||
|
Yield Supplement Account Deposit |
$ |
184,670,383.64 |
||||||||||||||
COLLECTIONS
|
Interest Collections |
||||||||||||
|
Simple Interest Collections |
$ |
1,296,448.78 |
||||||||||
|
Interest Related to Repurchased Receivables |
$ |
0.00 |
||||||||||
|
Interest Advance for simple Interest - Net * |
$ |
0.00 |
||||||||||
|
Total Interest Collections |
$ |
1,296,448.78 |
||||||||||
|
* Advances are reimbursed (including outstanding advances of $0.00): |
||||
|
(i) from subsequent payments, liquidation proceeds and servicer repurchase payments in respect of the related obligor, and |
||||
|
(ii) to the extent amounts in clause (i) are insufficient, generally from interest (with respect to interest advances). |
||||
|
Principal Collections |
||||||||||||
|
Principal Collections |
$ |
20,073,974.44 |
||||||||||
|
Prepayments in Full |
$ |
6,417,214.78 |
||||||||||
|
Liquidation Proceeds |
$ |
120,441.04 |
||||||||||
|
Principal Related to Repurchased Receivables |
$ |
0.00 |
||||||||||
|
Recoveries from Prior Month Charge Offs |
$ |
39,587.69 |
||||||||||
|
Total Principal Collections |
$ |
26,651,217.95 |
||||||||||
|
Total Interest and Principal Collections |
$ |
27,947,666.73 |
||||||||||
|
Yield Supplement Deposit |
$ |
1,524,906.55 |
||||||||||
|
Collection Account Investment Earnings |
$ |
0.00 |
||||||||||
|
Total Available Amount |
$ |
29,472,573.28 |
||||||||||
SERVICER'S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
|
MONTHLY SERVICER REPORT -- Honda Auto Receivables 2023-3 Owner Trust |
||||||||
|
Collection Period: May 1, 2026 through May 31, 2026 |
||||||||
|
Deal Age |
34 |
Determination Date: 06/15/2026 |
|
|
Actual/360 Days |
31 |
Record Date: 06/17/2026 |
|
|
30/360 Days |
30 |
Payment Date: 06/18/2026 |
DISTRIBUTIONS
|
Note Percentage |
100.00 |
% |
||||||||||||||||
|
Certificate Percentage |
0.00 |
% |
Amount Due |
Amount Paid |
Shortfall |
|||||||||||||
|
Total Servicing Fee |
1.00 |
% |
$ |
291,574.24 |
$ |
291,574.24 |
$ |
0.00 |
||||||||||
|
Trustee Fees |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
||||||||||||
|
Asset Representations Reviewer Fees (Accrued & Unpaid) |
$ |
0.00 |
||||||||||||||||
|
Interest - Class A-1 Notes |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
||||||||||||
|
Interest - Class A-2 Notes |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
||||||||||||
|
Interest - Class A-3 Notes |
$ |
867,087.04 |
$ |
867,087.04 |
$ |
0.00 |
||||||||||||
|
Interest - Class A-4 Notes |
$ |
487,184.83 |
$ |
487,184.83 |
$ |
0.00 |
||||||||||||
|
Total Monthly Interest |
$ |
1,354,271.87 |
$ |
1,354,271.87 |
$ |
0.00 |
||||||||||||
|
Principal - Class A-1 Notes |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
||||||||||||
|
Principal - Class A-2 Notes |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
||||||||||||
|
Principal - Class A-3 Notes |
$ |
26,728,830.84 |
$ |
26,728,830.84 |
$ |
0.00 |
||||||||||||
|
Principal - Class A-4 Notes |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
||||||||||||
|
Total Monthly Principal |
$ |
26,728,830.84 |
$ |
26,728,830.84 |
$ |
0.00 |
||||||||||||
|
Interest - Certificates |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
||||||||||||
|
Principal - Certificates |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
||||||||||||
|
Available to Deposit |
Reserve Deposit |
Reserve Draw |
Excess Released |
Released to Seller |
||||||||||||||||
|
Reserve Account Deposit |
$ |
1,097,896.33 |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
$ |
1,097,896.33 |
||||||||||
|
Noteholder/Certificateholder Distributions |
Fee |
Interest |
Interest |
Principal |
Principal |
Amount |
||||||||||||||||||
|
Servicing Fee |
$ |
0.15 |
$ |
291,574.24 |
||||||||||||||||||||
|
Trustee Fees |
$ |
0.00 |
||||||||||||||||||||||
|
Asset Representation Reviewer Fees |
$ |
0.00 |
||||||||||||||||||||||
|
Class A-1 Notes |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
||||||||||||||
|
Class A-2 Notes |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
||||||||||||||
|
Class A-3 Notes |
$ |
1.31 |
$ |
0.00 |
$ |
40.43 |
$ |
0.00 |
$ |
27,595,917.88 |
||||||||||||||
|
Class A-4 Notes |
$ |
4.42 |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
$ |
487,184.83 |
||||||||||||||
|
Certificates |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
||||||||||||||
Page 2
SERVICER'S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
|
MONTHLY SERVICER REPORT -- Honda Auto Receivables 2023-3 Owner Trust |
||||||||
|
Collection Period: May 1, 2026 through May 31, 2026 |
||||||||
|
Deal Age |
34 |
Determination Date: 06/15/2026 |
|
|
Actual/360 Days |
31 |
Record Date: 06/17/2026 |
|
|
30/360 Days |
30 |
Payment Date: 06/18/2026 |
POOL DATA
|
Proceeding Month |
||||||||||||||||||||||||
|
Carryover Shortfall |
Beginning of Period |
End of Period |
||||||||||||||||||||||
|
Interest |
Principal |
Balance |
Note Factor |
Balance |
Note Factor |
|||||||||||||||||||
|
Class A-1 Notes |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
0.0000000 |
$ |
0.00 |
0.0000000 |
||||||||||||||
|
Class A-2 Notes |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
0.0000000 |
$ |
0.00 |
0.0000000 |
||||||||||||||
|
Class A-3 Notes |
$ |
0.00 |
$ |
0.00 |
$ |
192,329,841.85 |
0.2909240 |
$ |
165,601,011.01 |
0.2504931 |
||||||||||||||
|
Class A-4 Notes |
$ |
0.00 |
$ |
0.00 |
$ |
110,306,000.00 |
1.0000000 |
$ |
110,306,000.00 |
1.0000000 |
||||||||||||||
|
Certificates |
$ |
0.00 |
$ |
0.00 |
$ |
47,253,251.43 |
1.0000000 |
$ |
47,253,251.43 |
1.0000000 |
||||||||||||||
|
Total Securities |
$ |
349,889,093.28 |
0.1851893 |
$ |
323,160,262.44 |
0.1710423 |
||||||||||||||||||
|
Total Notes |
$ |
302,635,841.85 |
0.1642880 |
$ |
275,907,011.01 |
0.1497780 |
||||||||||||||||||
|
Portfolio Information |
Original |
Prior Month |
Current Month |
|||||||||
|
Weighted Average Coupon (WAC) |
4.00 |
% |
4.52 |
% |
4.55 |
% |
||||||
|
Weighted Average Remaining Maturity (WAM) |
49.25 |
22.69 |
22.01 |
|||||||||
|
Weighted Average Original Maturity (WAOM) |
61.62 |
|||||||||||
|
Remaining Number of Receivables |
84,946 |
37,075 |
35,314 |
|||||||||
|
Portfolio Receivable Balance |
$ |
1,889,359,251.43 |
$ |
349,889,093.28 |
$ |
323,160,262.44 |
||||||
DELINQUENCY AND NET LOSS ACTIVITY
|
Net Loss and Delinquency Account Activity |
Amount |
|||||||
|
Gross Principal Balance on Defaulted Receivables |
$ |
237,641.62 |
||||||
|
Liquidation Proceeds |
$ |
120,441.04 |
||||||
|
Recoveries on Previously Defaulted Contracts |
$ |
39,587.69 |
||||||
|
Aggregate Net Losses for Collection Period |
$ |
77,612.89 |
||||||
|
Net Loss Rate for Collection Period's Average Balance (annualized) |
0.28 |
% |
||||||
|
Cumulative Net Losses for all Periods |
$ |
4,706,837.01 |
||||||
|
Delinquent Receivables |
# Units |
% Unit |
Dollar Amount |
% Dollar |
||||||||||||
|
31-60 Days Delinquent |
298 |
0.84 |
% |
$ |
3,880,274.97 |
1.20 |
% |
|||||||||
|
61-90 Days Delinquent |
68 |
0.19 |
% |
$ |
789,519.47 |
0.24 |
% |
|||||||||
|
91-120 Days Delinquent |
10 |
0.03 |
% |
$ |
95,627.82 |
0.03 |
% |
|||||||||
|
121 Days or More Delinquent |
0 |
0.00 |
% |
$ |
0.00 |
0.00 |
% |
|||||||||
|
Repossession Activity |
# Units |
% Unit |
Dollar Amount |
% Dollar |
||||||||||||
|
Vehicles Repossessed During Collection Period |
10 |
0.03 |
% |
$ |
164,569.16 |
0.05 |
% |
|||||||||
|
Total Accumulated Repossessed Vehicles in Inventory |
16 |
0.05 |
% |
$ |
256,644.70 |
0.08 |
% |
|||||||||
Page 3
SERVICER'S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
|
MONTHLY SERVICER REPORT -- Honda Auto Receivables 2023-3 Owner Trust |
||||||||
|
Collection Period: May 1, 2026 through May 31, 2026 |
||||||||
|
Deal Age |
34 |
Determination Date: 06/15/2026 |
|
|
Actual/360 Days |
31 |
Record Date: 06/17/2026 |
|
|
30/360 Days |
30 |
Payment Date: 06/18/2026 |
DELINQUENCY AND NET LOSS ACTIVITY
|
Net Loss and Delinquency Ratios |
||||||||
|
Ratio of Net Losses to the Pool Balance as of Each Collection Period |
||||||||
|
Third Preceding Collection Period |
0.06 |
% |
||||||
|
Second Preceding Collection Period |
0.27 |
% |
||||||
|
Preceding Collection Period |
-0.12 |
% |
||||||
|
Current Collection Period |
0.28 |
% |
||||||
|
Four Month Average |
0.12 |
% |
||||||
|
Ratio of Number of Contracts Delinquent 61 Days or More to the Outstanding Number of Receivables (includes repossessions in inventory) |
||||||||
|
Second Preceding Collection Period |
0.23 |
% |
||||||
|
Preceding Collection Period |
0.22 |
% |
||||||
|
Current Collection Period |
0.27 |
% |
||||||
|
Three Month Average |
0.24 |
% |
||||||
|
Delinquency Trigger |
4.80% |
Delinquency Percentage exceeds Delinquency Trigger: |
No |
|||||
|
Delinquency Percentage - |
0.27% |
|||||||
|
Receivables that are 61 days or more delinquent as a percentage of Current Outstanding Balance of Receivables |
||||||||
LOSS AND CUMULATIVE LOSS INFORMATION
|
Current Month |
Cumulative |
|||||||||||||||
|
For Assets Experiencing a Loss: |
Units |
Amount |
Units |
Amount |
||||||||||||
|
Gross Principal |
14 |
$ |
237,641.62 |
573 |
$ |
12,222,385.94 |
||||||||||
|
Liquidation Proceeds and Recoveries |
44 |
$ |
159,445.75 |
503 |
$ |
7,469,761.22 |
||||||||||
|
Net Loss Amount |
14 |
$ |
78,195.87 |
573 |
$ |
4,752,624.72 |
||||||||||
|
Net Loss % of Average |
0.28 |
% |
||||||||||||||
|
Cumulative Net Loss % |
0.25 |
% |
||||||||||||||
|
Average Net Loss of |
$ |
8,294.28 |
||||||||||||||
CREDIT ENHANCEMENT
|
Reconciliation of Reserve Account |
Reconciliation of Yield Supplement Account |
|||||||||
|
Beginning Reserve Account Balance |
$ |
4,723,398.13 |
Beginning Yield Supplement |
$ |
13,492,133.21 |
|||||
|
Investment Earnings |
$ |
14,159.02 |
Investment Earnings |
$ |
42,653.44 |
|||||
|
Excess Interest Deposited into the Reserve Account |
$ |
0.00 |
Additional Yield Supplement Amounts |
$ |
0.00 |
|||||
|
Investment Withdrawal to Seller |
$ |
(14,159.02 |
) |
Yield Supplement Withdrawal Amount |
$ |
1,524,906.55 |
||||
|
Release of Reserve to Collection Account |
$ |
0.00 |
Investment Earnings Withdraw |
$ |
0.00 |
|||||
|
Release of Reserve to Seller |
$ |
0.00 |
Release of Yield Supplement Account Balance to Seller |
$ |
0.00 |
|||||
|
Ending Reserve Account Balance |
$ |
4,723,398.13 |
Ending Yield Supplement Account Balance |
$ |
12,009,880.10 |
|||||
|
Reserve Account Required Amount |
$ |
4,723,398.13 |
||||||||
Page 4
SERVICER'S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
|
MONTHLY SERVICER REPORT -- Honda Auto Receivables 2023-3 Owner Trust |
||||||||
|
Collection Period: May 1, 2026 through May 31, 2026 |
||||||||
|
Deal Age |
34 |
Determination Date: 06/15/2026 |
|
|
Actual/360 Days |
31 |
Record Date: 06/17/2026 |
|
|
30/360 Days |
30 |
Payment Date: 06/18/2026 |
REPURCHASE DEMAND ACTIVITY (RULE 15Ga-1)
|
Is there any activity to report? |
No |
|||||||
STATEMENT TO NOTEHOLDERS
|
Has there been a material change in practices with respect to charge-offs, collection and management of delinquent receivables, and the effect of any grace period, re-aging, re-structuring, partial payments or other practices on delinquency and loss experience? |
No |
|||||||
|
Have there been any material modifications, extensions or waivers to receivables terms, fees, penalties or payments during the collection period? |
No |
|||||||
|
Have there been any material breaches of representations, warranties or covenants contained in the receivables? |
No |
|||||||
|
Has there been an issuance of notes or other securities backed by the receivables? |
No |
|||||||
|
Has there been a material change in the underwriting, origination or acquisition of receivables? |
No |
|||||||
SERVICER CERTIFICATION
|
I hereby certify that the servicing report provided is true and accurate to the best of my knowledge. |
||
|
/s/ Paul C. Honda |
||
|
Paul C. Honda |
||
|
Vice President and Treasurer |
||
Page 5