World Omni Auto Receivables Trust 2024-C

08/29/2025 | Press release | Distributed by Public on 08/29/2025 08:14

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

World Omni Auto Receivables Trust 2024-C
Monthly Servicer Certificate
July 31, 2025
Dates Covered
Collections Period 07/01/25 - 07/31/25
Interest Accrual Period 07/15/25 - 08/14/25
30/360 Days 30
Actual/360 Days 31
Distribution Date 08/15/25
Collateral Pool Balance Data $ Amount # of Accounts
Pool Balance at 06/30/25 777,857,533.74 34,465
Yield Supplement Overcollateralization Amount 06/30/25 55,806,466.82 0
Receivables Balance 06/30/25 833,664,000.56 34,465
Principal Payments 34,312,929.35 896
Defaulted Receivables 1,457,313.30 45
Repurchased Accounts 0.00 0
Yield Supplement Overcollateralization Amount at 07/31/25 52,702,636.78 0
Pool Balance at 07/31/25 745,191,121.13 33,524
Pool Statistics $ Amount # of Accounts
Pool Factor 60.79 %
Prepayment ABS Speed 1.83 %
Aggregate Starting Principal Balance 1,312,595,946.50 46,537
Delinquent Receivables:
Past Due 31-60 days 10,471,664.45 348
Past Due 61-90 days 3,003,796.69 103
Past Due 91-120 days 572,798.88 20
Past Due 121+ days 0.00 0
Total 14,048,260.02 471
Total 31+ Delinquent as % Aggregate Ending Principal Balance 1.76 %
Total 61+ Delinquent as % Aggregate Ending Principal Balance 0.45 %
Delinquency Trigger Occurred NO
Recoveries 876,466.87
Aggregate Net Losses/(Gains) - July 2025 580,846.43
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):
Current Net Losses/(Gains) Ratio 0.84 %
Prior Net Losses/(Gains) Ratio 1.18 %
Second Prior Net Losses/(Gains) Ratio 0.69 %
Third Prior Net Losses/(Gains) Ratio 0.04 %
Four Month Average 0.69 %
Cumulative Net Loss as a % of Aggregate Starting Principal Balance 0.48 %
Overcollateralization Target Amount 6,706,720.09
Actual Overcollateralization 6,706,720.09
Weighted Average Contract Rate 6.73 %
Weighted Average Contract Rate, Yield Adjusted 10.27 %
Weighted Average Remaining Term 52.02
Flow of Funds $ Amount
Collections 39,795,199.71
Investment Earnings on Cash Accounts 24,869.32
Servicing Fee (694,720.00 )
Transfer to Collection Account -
Available Funds 39,125,349.03
Distributions of Available Funds
(1) Asset Representation Reviewer Amounts (up to $150,000 per year) -
(2) Class A Interest 2,741,332.13
(3) Noteholders' First Priority Principal Distributable Amount -
(4) Class B Interest 141,648.00
(5) Noteholders' Second Priority Principal Distributable Amount 7,505,694.81
(6) Class C Interest 73,094.00
(7) Noteholders' Third Priority Principal Distributable Amount 18,160,000.00
(8) Required Reserve Account -
(9) Noteholders' Principal Distributable Amount 6,706,720.09
(10) Asset Representation Reviewer Amounts (in excess of 1) -
(11) Distribution to Certificateholders 3,796,860.00
Total Distributions of Available Funds 39,125,349.03
Servicing Fee 694,720.00
Unpaid Servicing Fee -
Change in amount of the unpaid servicing fee from the prior period -
Note Balances & Note Factors $ Amount
Original Class A 1,156,070,000.00
Original Class B 36,320,000.00
Original Class C 18,160,000.00
Total Class A, B, & C
Note Balance @ 07/15/25 770,856,815.94
Principal Paid 32,372,414.90
Note Balance @ 08/15/25 738,484,401.04
Class A-1
Note Balance @ 07/15/25 0.00
Principal Paid 0.00
Note Balance @ 08/15/25 0.00
Note Factor @ 08/15/25 0.0000000 %
Class A-2a
Note Balance @ 07/15/25 108,071,594.82
Principal Paid 13,893,740.30
Note Balance @ 08/15/25 94,177,854.52
Note Factor @ 08/15/25 47.0889273 %
Class A-2b
Note Balance @ 07/15/25 143,735,221.12
Principal Paid 18,478,674.60
Note Balance @ 08/15/25 125,256,546.52
Note Factor @ 08/15/25 47.0889273 %
Class A-3
Note Balance @ 07/15/25 403,000,000.00
Principal Paid 0.00
Note Balance @ 08/15/25 403,000,000.00
Note Factor @ 08/15/25 100.0000000 %
Class A-4
Note Balance @ 07/15/25 61,570,000.00
Principal Paid 0.00
Note Balance @ 08/15/25 61,570,000.00
Note Factor @ 08/15/25 100.0000000 %
Class B
Note Balance @ 07/15/25 36,320,000.00
Principal Paid 0.00
Note Balance @ 08/15/25 36,320,000.00
Note Factor @ 08/15/25 100.0000000 %
Class C
Note Balance @ 07/15/25 18,160,000.00
Principal Paid 0.00
Note Balance @ 08/15/25 18,160,000.00
Note Factor @ 08/15/25 100.0000000 %
Interest & Principal Payments $ Amount
Total Interest Paid 2,956,074.13
Total Principal Paid 32,372,414.90
Total Paid 35,328,489.03
Class A-1
Coupon 5.36900 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-1 Holders 0.00
Class A-2a
Coupon 4.78000 %
Interest Paid 430,485.19
Principal Paid 13,893,740.30
Total Paid to A-2a Holders 14,324,225.49
Class A-2b
SOFR Rate 4.33962 %
Coupon 4.80962 %
Interest Paid 595,296.27
Principal Paid 18,478,674.60
Total Paid to A-2b Holders 19,073,970.87
Class A-3
Coupon 4.43000 %
Interest Paid 1,487,741.67
Principal Paid 0.00
Total Paid to A-3 Holders 1,487,741.67
Class A-4
Coupon 4.44000 %
Interest Paid 227,809.00
Principal Paid 0.00
Total Paid to A-4 Holders 227,809.00
Class B
Coupon 4.68000 %
Interest Paid 141,648.00
Principal Paid 0.00
Total Paid to B Holders 141,648.00
Class C
Coupon 4.83000 %
Interest Paid 73,094.00
Principal Paid 0.00
Total Paid to C Holders 73,094.00
Distribution per $1,000 of Notes Total
Total Interest Distribution Amount 2.4419265
Total Interest Carryover Shortfall 0.0000000
Total Principal Distribution Amount 26.7419065
Total Distribution Amount 29.1838330
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 2.1524260
A-2a Interest Carryover Shortfall 0.0000000
A-2a Principal Distribution Amount 69.4687015
Total A-2a Distribution Amount 71.6211275
A-2b Interest Distribution Amount 2.2379559
A-2b Interest Carryover Shortfall 0.0000000
A-2b Principal Distribution Amount 69.4687015
Total A-2b Distribution Amount 71.7066574
A-3 Interest Distribution Amount 3.6916667
A-3 Interest Carryover Shortfall 0.0000000
A-3 Principal Distribution Amount 0.0000000
Total A-3 Distribution Amount 3.6916667
A-4 Interest Distribution Amount 3.7000000
A-4 Interest Carryover Shortfall 0.0000000
A-4 Principal Distribution Amount 0.0000000
Total A-4 Distribution Amount 3.7000000
B Interest Distribution Amount 3.9000000
B Interest Carryover Shortfall 0.0000000
B Principal Distribution Amount 0.0000000
Total B Distribution Amount 3.9000000
C Interest Distribution Amount 4.0250000
C Interest Carryover Shortfall 0.0000000
C Principal Distribution Amount 0.0000000
Total C Distribution Amount 4.0250000
Noteholders' First Priority Principal Distributable Amount 0.00
Noteholders' Second Priority Principal Distributable Amount 231.86
Noteholders' Third Priority Principal Distributable Amount 560.97
Noteholders' Principal Distributable Amount 207.17
Account Balances $ Amount
Reserve Account
Balance as of 07/15/25 3,026,385.22
Investment Earnings 10,929.72
Investment Earnings Paid (10,929.72 )
Deposit/(Withdrawal) -
Balance as of 08/15/25 3,026,385.22
Change -
Required Reserve Amount 3,026,385.22
World Omni Auto Receivables Trust 2024-C published this content on August 29, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on August 29, 2025 at 14:14 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]