EXHIBIT 99.1



World Omni Auto Receivables Trust 2004-A

Annual Servicer Certificate

FOR THE PERIOD JUNE 16, 2004 THROUGH DECEMBER 31, 2004



|                                    |  |                      
|----------------------------------- |  | ---------------------
|Aggregate Note Amount               |  | Aggregate Note Amount
|Original                            |  | 840,000,000.00       
|                                    | 
|Principal distributable amount      |  | 151,187,168.18       
|Negative Carry Distributable Amount |  | 1,145,744.59         
|                                    | 
|Actual Note Balance @ 12/31/04      |  | 687,667,087.23       
|                                    | 
|Note Amount                         |  | Class A-1 Note Amount
|Original                            |  | 178,000,000.00       
|                                    | 
|Principal distributable amount      |  | 151,187,168.18       
|Negative Carry Distributable Amount |  | 1,145,744.59         
|                                    | 
|Actual Note Balance @ 12/31/04      |  | 25,667,087.23        
|                                    | 
|Note Amount                         |  | Class A-2 Note Amount
|Original                            |  | 232,000,000.00       
|                                    | 
|Principal distributable amount      |  |                     
|                                    | 
|Actual Note Balance @ 12/31/04      |  | 232,000,000.00       
|                                    | 
|Note Amount                         |  | Class A-3 Note Amount
|Original                            |  | 212,000,000.00       
|                                    | 
|Principal distributable amount      |  |                     
|                                    | 
|Actual Note Balance @ 12/31/04      |  | 212,000,000.00       
|                                    | 
|Note Amount                         |  | Class A-4 Note Amount
|Original                            |  | 181,900,000.00       
|                                    | 
|Principal distributable amount      |  |                     
|                                    | 
|Actual Note Balance @ 12/31/04      |  | 181,900,000.00       
|                                    | 
|Note Amount                         |  | Class B Note Amount  
|Original                            |  | 36,100,000.00        
|                                    | 
|Principal distributable amount      |  |                     
|                                    | 
|Actual Note Balance @ 12/31/04      |  | 36,100,000.00        
|                                    | 
|Distributable Amounts               |  | Total                
|Interest Distributable Amount       |  | 11,992,501.61        
|Principal Distributable Amount      |  | 151,187,168.18       
|Negative Carry Distributable Amount |  | 1,145,744.59         
|                                    | 
|Total                               |  | 164,325,414.38       
|                                    | 
|Distributable Amounts               |  | Class A-1            
|Interest Distributable Amount       |  | 1,018,710.94         
|Principal Distributable Amount      |  | 151,187,168.18       
|Negative Carry Distributable Amount |  | 1,145,744.59         
|                                    | 
|Total                               |  | 153,351,623.71       
|                                    | 
|Distributable Amounts               |  | Class A-2            
|Interest Distributable Amount       |  | 3,059,306.67         
|Principal Distributable Amount      |  | 0.00                 
|                                    | 
|Total                               |  | 3,059,306.67         



---

|                               |  |             
|------------------------------ |  | ------------
|Distributable Amounts          |  | Class A-3   
|Interest Distributable Amount  |  | 3,564,897.76
|Principal Distributable Amount |  | 0.00        
|                               | 
|Total                          |  | 3,564,897.76
|                               | 
|Distributable Amounts          |  | Class A-4   
|Interest Distributable Amount  |  | 3,681,656.00
|Principal Distributable Amount |  | 0.00        
|                               | 
|Total                          |  | 3,681,656.00
|                               | 
|Distributable Amounts          |  | Class B     
|Interest Distributable Amount  |  | 667,930.24  
|Principal Distributable Amount |  | 0.00        
|                               | 
|Total                          |  | 667,930.24  



|                                                           |  |                |   |  |                 |  
|---------------------------------------------------------- |  | -------------- | - |  | --------------- | -
|Note Factors                                               |  | Series A-1     |   |  | Series A-2      |  
|12/31/2004                                                 |  | 14.4197119     | % |  | 100.0000000     | %
|                                                           |  |               
|Note Factors                                               |  | Series A-3     |   |  | Series A-4      |  
|12/31/2004                                                 |  | 100.0000000    | % |  | 100.0000000     | %
|                                                           |  |               
|Note Factors                                               |  | Series B       |   |  |                 |  
|12/31/2004                                                 |  | 100.0000000    | % |  |                 |  
|                                                           |  |               
|Pool Data                                                  |  | $              |   |  | #               |  
|Original Pool Balance                                      |  | 848,484,848.48 |   |  | 34,241          |  
|Contracts Added at 9/23/04                                 |  | 232,500,924.64 |   |  | 16,173          |  
|Total Pool Balance                                         |  | 848,484,848.48 |   |  | 50,414          |  
|Principal Payments                                         |  | 134,773,930.20 |   |  | 3,996           |  
|Defaulted Receivables                                      |  | 2,943,903.06   |   |  | 163             |  
|Pool Balance at 12/31/04                                   |  | 710,767,015.22 |   |  | 46,255          |  
|Overcollateralization Target Amount                        |  | 23,099,927.99  |   |  |                 |  
|Recoveries                                                 |  | 1,236,619.62   |   |  |                 |  
|                                                           |  |               
|Weighted Average APR                                       |  | 7.57           | % |  |                 |  
|Weighted Average Remaining Term                            |  | 54.66          |   |  |                 |  
|                                                           |  |               
|Aggregate Net Losses                                       |  | 1,707,283.44   |   |  |                 |  
|Average Net Loss Ratio                                     |  | 0.40           | % |  |                 |  
|                                                           |  |               
|Noteholders First Priority Principal Distributable Amount |  | 0.00           |   |  |                 |  
|                                                           |  |               
|Noteholders First Priority Principal Distributable Amount |  | 0.00           |   |  |                 |  
|                                                           |  |               
|Account Balances                                           |  | Advance        |   |  | Reserve Fund    |  
|Balance as of 6/16/04                                      |  | 0.00           |   |  | 11,873,165.90   |  
|Transfer from Pre-Funding 9/23/04                          |  | 0.00           |   |  | 1,162,504.62    |  
|Balance as of 12/31/04                                     |  | 115,538.63     |   |  | 13,131,427.82   |  
|Change                                                     |  | 115,538.63     |   |  | 1,258,261.92    |  
|Reserve Fund Requirement                                   |  |                |   |  | 11,333,609.38   |  
|Reserve Fund Supplemental Requirement/(Excess)             |  |                |   |  | (1,797,818.44   | )
|                                                           |  |               
|                                                           |  |                |   |  | Pre-Funding     |  
|Balance as of 6/16/04                                      |  |                |   |  | 232,502,515.32  |  
|Balance as of 12/31/04                                     |  |                |   |  | 0.00            |  
|Change                                                     |  |                |   |  | (232,502,515.32 | )
|                                                           |  |               
|                                                           |  | Maximum Carry  |   |  | Negative Carry  |  
|Balance as of 6/16/04                                      |  | 1,928,427.53   |   |  | 1,928,427.53    |  
|Balance as of 12/31/04                                     |  |               |   |  |                |  
|Change                                                     |  | (1,928,427.53  | ) |  | (1,928,427.53   | )
|Excess to be Distributed                                   |  | 1,145,744.59   |   |  |                 |  



---

|                                    |  |             
|----------------------------------- |  | ------------
|Distribution per $1,000             |  | Total       
|Distribution Amount                 |  | 195.6254933 
|                                    | 
|Interest Distribution Amount        |  | 14.2767876  
|Interest Carryover Shortfall        |  | 0.0000000   
|                                    | 
|Principal Distribution Amount       |  | 179.9847240 
|Negative Carry Distributable Amount |  | 1.3639817   
|                                    | 
|Distribution per $1,000             |  | Class A-1   
|Distribution Amount                 |  | 861.5259759 
|                                    | 
|Interest Distribution Amount        |  | 5.7230952   
|Interest Carryover Shortfall        |  | 0.0000000   
|                                    | 
|Principal Distribution Amount       |  | 849.3661134 
|Negative Carry Distributable Amount |  | 6.4367674   
|                                    | 
|Distribution per $1,000             |  | Class A-2   
|Distribution Amount                 |  | 13.1866667  
|                                    | 
|Interest Distribution Amount        |  | 13.1866667  
|Interest Carryover Shortfall        |  | 0.0000000   
|                                    | 
|Principal Distribution Amount       |  | 0.0000000   
|                                    | 
|Distribution per $1,000             |  | Class A-3   
|Distribution Amount                 |  | 16.8155555  
|                                    | 
|Interest Distribution Amount        |  | 16.8155555  
|Interest Carryover Shortfall        |  | 0.0000000   
|                                    | 
|Principal Distribution Amount       |  | 0.0000000   
|                                    | 
|Distribution per $1,000             |  | Class A-4   
|Distribution Amount                 |  | 20.2400000  
|                                    | 
|Interest Distribution Amount        |  | 20.2400000  
|Interest Carryover Shortfall        |  | 0.0000000   
|                                    | 
|Principal Distribution Amount       |  | 0.0000000   
|                                    | 
|Distribution per $1,000             |  | Class B     
|Distribution Amount                 |  | 18.5022227  
|                                    | 
|Interest Distribution Amount        |  | 18.5022227  
|Interest Carryover Shortfall        |  | 0.0000000   
|                                    | 
|Principal Distribution Amount       |  | 0.0000000   
|                                    | 
|Servicing Fee                       |  | Total       
|Amount of Servicing Fee Paid        |  | 3,632,271.86
|Total Unpaid                        |  | 0.00        



|                       |  |     |  |             
|---------------------- |  | --- |  | ------------
|Delinquent Receivables |  | #   |  | $           
|Past Due 31-60 days    |  | 542 |  | 7,495,136.71
|Past Due 61-90 days    |  | 101 |  | 1,500,286.07
|Past Due 91 + days     |  | 40  |  | 570,856.57  
|Total                  |  | 683 |  | 9,566,279.35