| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P |
|---|---|---|---|---|---|---|---|
| Class A-1 | 230.0 | 17.2% | 75.1% | 5.53% fxd | 0.22 | 2025-05-15 | A-1+ |
| Class A-2A | 200.0 | 15.0% | 60.1% | 5.48% fxd | 1.08 | 2027-09-15 | AAA |
| Class A-2B | 228.5 | 17.1% | 43.0% | +43 bps SOFR | 1.08 | 2027-09-15 | AAA |
| Class A-3 | 428.5 | 32.1% | 10.9% | 5.27% fxd | 2.67 | 2029-09-15 | AAA |
| Class A-4 | 89.8 | 6.7% | 4.2% | 5.23% fxd | 3.95 | 2030-07-15 | AAA |
| Class B | 37.0 | 2.8% | 1.4% | — | 3.98 | 2030-07-15 | AA |
| Class C | 18.5 | 1.4% | 0.0% | — | 3.98 | 2031-02-18 | A |
| Sponsor | World Omni Financial Corp |
|---|---|
| Servicer | World Omni Financial Corp. |
| Depositor / Transferor | World Omni Auto Receivables LLC |
| Indenture Trustee | Wilmington Trust, National Association |
| Owner Trustee | U.S. Bank Trust National Association |
| Asset Rep. Reviewer | Clayton Fixed Income Services LLC |
| Underwriters | TD Securities, Barclays Capital, BofA Securities, Mizuho Securities |
| WOART 2024-B | WOART 2024-A | WOART 2023-D | WOART 2023-C | WOART 2023-B | WOART 2023-A | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2024-05-22 | 2024-02-14 | 2023-11-08 | 2023-08-16 | 2023-04-19 | 2023-02-15 |
| Pool balance | $1,335.1MM | $1,343.7MM | $1,119.4MM | $1,163.5MM | $1,162.8MM | $1,116.8MM |
| WA Credit Score | 757+1 | 757 | 756 | 756 | 754 | 753 |
| WA APR | 7.32%+1.46pp | 6.54% | 6.13% | 5.86% | 5.59% | 5.59% |
| WA original term mo | 68.3+0.7 | 67.6 mo | 67.4 mo | 67.6 mo | 68.2 mo | 67.9 mo |
| % new vehicles | 95.3% | 95.6% | 95.5% | 94.8% | 93.9% | 95.8% |
| Reserve % | 0.23% | 0.23% | 0.19% | 0.19% | 0.19% | 0.38% |
| Geo top-3 | FL 43.8% GA 19.9% NC 16.8% | FL 47.9% GA 18.3% NC 15.8% | FL 44.7% GA 19.6% NC 16.6% | FL 44.9% GA 19.6% NC 16.1% | FL 50.5% GA 17.3% NC 14.9% | FL 46.0% GA 19.0% NC 16.6% |
| Structure (at issuance) | ||||||
| AAA spread | +43 bps0bps | +34 bps | +58 bps | +41 bps | +71 bps | +43 bps |
| AAA % of pool | 70.9%+3.9pp | 71.2% | 67.6% | 66.7% | 67.1% | 66.8% |
| Subordination below AAA | 4.2%+0.1pp | 4.1% | 4.0% | 4.0% | 4.1% | 4.1% |
| OC (initial) | — | — | — | — | — | — |
| OC target | 0.90% | 1.15% | 1.15% | 1.15% | 1.15% | 0.90% |
| OC floor | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% |
| YSOC | 6.11% | 6.75% | 8.92% | 8.86% | 8.43% | 8.30% |
| Tranches | 7 | 7 | 7 | 7 | 7 | 7 |
OC shown net of any yield-supplement overcollateralization (YSOC); YSOC is a yield mechanism for subvented low-APR pools and is reported separately. OC target is a % of the pool balance — current (amortizing) for greater-of/sum-of structures, original (cut-off) for flat structures; OC floor is a % of the original pool balance.
| WOART 2024-B | NAROT 2024-A | HAROT 2024-2 | TAOT 2024-B | GMCAR 2024-2 | HART 2024-A | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2024-05-22 | 2024-05-22 | 2024-05-21 | 2024-04-30 | 2024-04-10 | 2024-03-20 |
| Pool balance | $1,335.1MM | $1,424.1MM | $2,159.3MM | $1,876.3MM | $1,654.1MM | $1,812.8MM |
| WA Credit Score | 757−12 | 780 | 769 | 767 | 784 | 766 |
| WA APR | 7.32%+1.86pp | 4.85% | 4.73% | 5.70% | 5.46% | 5.70% |
| WA original term mo | 68.3+2.0 | — | 63.2 mo | 66.0 mo | 68.0 mo | 66.6 mo |
| % new vehicles | 95.3% | 10.5% | 86.0% | 86.7% | 87.7% | 95.8% |
| Reserve % | 0.23% | 0.25% | 0.25% | 0.25% | 0.24% | 0.25% |
| Geo top-3 | FL 43.8% GA 19.9% NC 16.8% | TX 17.8% FL 9.5% CA 6.6% | CA 16.6% TX 9.9% MD 6.1% | CA 23.9% TX 15.3% IL 4.6% | TX 14.4% FL 7.1% NY 5.3% | TX 12.9% FL 11.5% CA 6.4% |
| Structure (at issuance) | ||||||
| AAA spread | +43 bps+4bps | +38 bps | +40 bps | +35 bps | +39 bps | +42 bps |
| AAA % of pool | 70.9%−0.0pp | 68.2% | 73.5% | 71.0% | 71.5% | 69.7% |
| Subordination below AAA | 4.2%+1.8pp | 0.0% | 0.0% | 2.3% | 2.9% | 4.5% |
| OC (initial) | — | 4.00% | 2.50% | 0.85% | 1.50% | 3.00% |
| OC target | 0.90% | 4.00% | — | 0.85% | 2.00% | 3.00% |
| OC floor | 0.50% | 4.00% | — | 0.85% | 2.00% | 3.00% |
| YSOC | 6.11% | 8.57% | — | 6.73% | 5.27% | 5.15% |
| Tranches | 7 | 5 | 4 | 6 | 7 | 7 |
OC shown net of any yield-supplement overcollateralization (YSOC); YSOC is a yield mechanism for subvented low-APR pools and is reported separately. OC target is a % of the pool balance — current (amortizing) for greater-of/sum-of structures, original (cut-off) for flat structures; OC floor is a % of the original pool balance.
Anchor expectations in empirical base rates from the sponsor's prior series and FICO-tier peer set.
Left: per-series cumulative NET loss at matched seasoning 10-D (10-D servicer distribution reports). IQR band uses a fixed cohort of all peer series with ≥18 months of data (152 series across 9 issuers). Right: portfolio-level 60+ DQ rate aggregated across all active deals per issuer (calendar time, last 3 years), from ABS-EE loan-level data ABS-EE.
World Omni Financial Corp — ticker WOART.
Peer tier: prime.
Open in Explorer ↗ for
FICO sub-band and new/used stratification.