| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | Fitch |
|---|---|---|---|---|---|---|---|---|
| Class A-1 | 225.5 | 17.2% | 75.0% | 5.37% fxd | 0.19 | 2025-08-15 | A-1+ | F1+ |
| Class A-2A | 200.0 | 15.2% | 59.8% | 4.78% fxd | — | 2028-01-18 | — | — |
| Class A-2B | 266.0 | 20.3% | 39.5% | +47 bps SOFR | — | 2028-01-18 | — | — |
| Class A-3 | 403.0 | 30.7% | 8.8% | 4.43% fxd | 2.77 | 2029-12-17 | AAA | AAA |
| Class A-4 | 61.6 | 4.7% | 4.2% | 4.44% fxd | 3.90 | 2030-05-15 | AAA | AAA |
| Class B | 36.3 | 2.8% | 1.4% | 4.68% fxd | 3.90 | 2030-07-15 | AA | AA |
| Class C | 18.2 | 1.4% | 0.0% | 4.83% fxd | 3.90 | 2031-05-15 | A | A |
| Sponsor | World Omni Financial Corp |
|---|---|
| Servicer | World Omni Financial Corp. |
| Depositor / Transferor | Omni Financial Corp |
| Indenture Trustee | U.S. Bank Trust Company, National Association |
| Owner Trustee | Wilmington Trust, National Association |
| Asset Rep. Reviewer | Clayton Fixed Income Services LLC |
| Underwriters | Wells Fargo Securities, U.S. Bancorp Investments, MUFG Securities Americas, Mizuho Securities |
| WOART 2024-C | WOART 2024-B | WOART 2024-A | WOART 2023-D | WOART 2023-C | WOART 2023-B | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2024-08-20 | 2024-05-22 | 2024-02-14 | 2023-11-08 | 2023-08-16 | 2023-04-19 |
| Pool balance | $1,312.6MM | $1,335.1MM | $1,343.7MM | $1,119.4MM | $1,163.5MM | $1,162.8MM |
| WA Credit Score | 7560 | 757 | 757 | 756 | 756 | 754 |
| WA APR | 6.67%+0.54pp | 7.32% | 6.54% | 6.13% | 5.86% | 5.59% |
| WA original term mo | 68.1+0.5 | 68.3 mo | 67.6 mo | 67.4 mo | 67.6 mo | 68.2 mo |
| % new vehicles | 96.2% | 95.3% | 95.6% | 95.5% | 94.8% | 93.9% |
| Reserve % | 0.23% | 0.23% | 0.23% | 0.19% | 0.19% | 0.19% |
| 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% |
| Structure (at issuance) | ||||||
| AAA spread | — | +43 bps | +34 bps | +58 bps | +41 bps | +71 bps |
| AAA % of pool | 35.4%−32.2pp | 70.9% | 71.2% | 67.6% | 66.7% | 67.1% |
| Subordination below AAA | 4.2%+0.1pp | 4.2% | 4.1% | 4.0% | 4.0% | 4.1% |
| OC (initial) | — | — | — | — | — | — |
| OC target | 0.90% | 0.90% | 1.15% | 1.15% | 1.15% | 1.15% |
| OC floor | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% |
| YSOC | 7.77% | 6.11% | 6.75% | 8.92% | 8.86% | 8.43% |
| 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-C | TAOT 2024-C | HART 2024-B | GMCAR 2024-3 | FCAOT 2024-B | BMWOT 2024-A | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2024-08-20 | 2024-07-30 | 2024-07-24 | 2024-07-10 | 2024-06-24 | 2024-06-11 |
| Pool balance | $1,312.6MM | $1,864.8MM | $1,925.2MM | $1,420.3MM | $1,999.5MM | $1,910.0MM |
| WA Credit Score | 756−13 | 769 | 768 | 783 | 755 | 784 |
| WA APR | 6.67%+0.98pp | 6.04% | 5.98% | 5.69% | 4.65% | 3.12% |
| WA original term mo | 68.1+2.7 | 65.4 mo | 67.3 mo | 69.0 mo | 64.8 mo | 63.6 mo |
| % new vehicles | 96.2% | 87.0% | 96.5% | 87.7% | 93.6% | 68.2% |
| Reserve % | 0.23% | 0.25% | 0.25% | 0.24% | 0.23% | 0.25% |
| Geo top-3 | — | CA 16.3% TX 16.2% PA 4.6% | TX 12.4% CA 12.2% FL 10.4% | TX 14.5% FL 7.5% MI 5.2% | TX 16.0% CA 8.5% FL 8.4% | CA 16.7% TX 13.2% FL 11.0% |
| Structure (at issuance) | ||||||
| AAA spread | — | +37 bps | +37 bps | +36 bps | +40 bps | +34 bps |
| AAA % of pool | 35.4%−35.6pp | 71.0% | 70.5% | 71.4% | 70.0% | 72.6% |
| Subordination below AAA | 4.2%+1.2pp | 2.3% | 4.5% | 3.0% | 4.3% | 0.0% |
| OC (initial) | — | 0.85% | 3.00% | 1.50% | 2.00% | 2.50% |
| OC target | 0.90% | 0.85% | 3.00% | 2.00% | 2.00% | 2.50% |
| OC floor | 0.50% | 0.85% | 3.00% | 2.00% | 2.00% | 2.50% |
| YSOC | 7.77% | 6.16% | 6.43% | 4.40% | 7.87% | 6.03% |
| Tranches | 7 | 6 | 7 | 7 | 7 | 5 |
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 (158 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.