EXHIBIT 33.1



Report on Assessment of Compliance with
Applicable Servicing Criteria



| | 1. | World Omni Financial Corp. (“WOFC”) is responsible for assessing compliance with the
servicing criteria applicable to it under paragraph (d) of item 1122 of Regulation AB, as of and for the 12-month period ending
December 31, 2015 (the “Reporting Period”), as set forth in Appendix A hereto. The transactions covered by this report
consist of all asset backed securities transactions of automobile and light duty truck retail installment sale contracts sponsored
by WOFC since January 1, 2006 (the “Platform”);
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 2. | WOFC has engaged certain vendors (the “Vendors”) to perform specific, limited or scripted
activities, and WOFC elects to take responsibility for assessing compliance with the servicing criteria or portion of the servicing
criteria applicable to such Vendors’ activities as set forth in Appendix A hereto;
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 3. | Except as set forth in paragraph 4 below, WOFC used the criteria set forth in paragraph (d) of
Item 1122 of Regulation AB to assess the compliance with the applicable servicing criteria;
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 4. | The criteria listed in the column titled “Inapplicable Servicing Criteria” on Appendix
A hereto are inapplicable to WOFC based on the activities it performs, directly or through its Vendors, with respect to the Platform;
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 5. | WOFC has complied, in all material respects, with the applicable servicing criteria as of December
31, 2015 and for the Reporting Period with respect to the Platform taken as a whole;
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 6. | WOFC has not identified and is not aware of any material instance of noncompliance by the Vendors
with the applicable servicing criteria as of December 31, 2015 and for the Reporting Period with respect to the Platform taken
as a whole;
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 7. | WOFC has not identified any material deficiency in its policies and procedures to monitor the compliance
by the Vendors with the applicable servicing criteria as of December 31, 2015 and for the Reporting Period with respect to the
Platform taken as a whole; and
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 8. | PricewaterhouseCoopers LLP, a registered public accounting firm, has issued an attestation report
on WOFC’s assessment of compliance with the applicable servicing criteria as of December 31, 2015 and for the Reporting Period.
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



March 11, 2016



| | WORLD OMNI FINANCIAL CORP.
| | --------------------------
| |                           
| | By:                       
| |                           
| |                           











EXHIBIT 33.1



APPENDIX A

|Servicing Criteria | ApplicableServicing Criteria                                                                                                                                                                                                                                                                                                               | INAPPLICABLEServicingCriteria                     
|------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | --------------------------------------------------
|Reference          | Criteria                                                                                                                                                                                                                                                                                                                                   | Performed
        Directly
        by
        WOFC
|                   | General Servicing Considerations                                                                                                                                                                                                                                                                                                           |                                                   
|1122(d)(1)(i)      | Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements.                                                                                                                                                                                   | X                                                 
|1122(d)(1)(ii)     | If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities.                                                                                                                                       | X                                                 
|1122(d)(1)(iii)    | Any requirements in the transaction agreements to maintain a back-up servicer for the asset backed security transactions of automobile and light duty truck retail installment sales contracts are maintained.                                                                                                                             |                                                   
|1122(d)(1)(iv)     | A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements.                                                                          | X                                                 
|1122(d)(1)(v)      | Aggregation of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information.                                                                                                                                                                                                    | X                                                 
|                   | Cash Collection and Administration                                                                                                                                                                                                                                                                                                         |                                                   
|1122(d)(2)(i)      | Payments on asset backed security transactions of automobile and light duty truck retail installment sales contracts are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. | X1                                                
|1122(d)(2)(ii)     | Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel.                                                                                                                                                                                                                      |                                                   
|1122(d)(2)(iii)    | Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements.                                                                                                                  | X                                                 
|1122(d)(2)(iv)     | The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements.                                                                                      | X                                                 










1Certain payments by obligors
with respect to certain pool assets are deposited into the appropriate accounts by a third party lockbox provider. WOFC has elected
to take responsibility for assessing compliance by that vendor with that portion of the servicing criterion under Item 1122(d)(2)(i)
of Regulation AB that relates to that vendor’s activities.













|Servicing Criteria | ApplicableServicing Criteria                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | INAPPLICABLEServicingCriteria                     
|------------------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------
|Reference          | Criteria                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | Performed
        Directly
        by
        WOFC
|1122(d)(2)(v)      | Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act.                                                                                                                                                                                                                                                                                                                                                                      | X                                                 
|1122(d)(2)(vi)     | Unissued checks are safeguarded so as to prevent unauthorized access.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | X                                                 
|1122(d)(2)(vii)    | Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements.                                                 | X                                                 
|                   | Investor Remittances and Reporting                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                   
|1122(d)(3)(i)      | Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of asset backed security transactions of automobile and light duty truck retail installment sales contracts serviced by the Servicer. | X                                                 
|1122(d)(3)(ii)     | Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | X2                                                
|1122(d)(3)(iii)    | Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | X2                                                
|1122(d)(3)(iv)     | Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | X2                                                
|                   | Pool Asset Administration                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                   
|1122(d)(4)(i)      | Collateral or security on asset backed security transactions of automobile and light duty truck retail installment sales contracts is maintained as required by the transaction agreements or related documents.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | X                                                 












2 Solely as it relates to allocations,
remittances, and disbursements to the IndentureTrustee in accordance with the timeframes, distributions priority and other terms
set forth in the transaction agreements











|Servicing Criteria | ApplicableServicing Criteria                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | INAPPLICABLEServicingCriteria                     
|------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | --------------------------------------------------
|Reference          | Criteria                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | Performed
        Directly
        by
        WOFC
|1122(d)(4)(ii)     | Asset backed security transactions of automobile and light duty truck retail installment sales contracts and related documents are safeguarded as required by the transaction agreements                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | X3                                                
|1122(d)(4)(iii)    | Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | X                                                 
|1122(d)(4)(iv)     | Payments on asset backed security transactions of automobile and light duty truck retail installment sales contracts, including any payoffs, made in accordance with the related documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related asset backed security documents.                                                                                                                                                    | X                                                 
|1122(d)(4)(v)      | The Servicer’s records regarding the asset backed security transactions of automobile and light duty truck retail installment sales contracts agree with the Servicer’s records with respect to an obligor’s unpaid principal balance.                                                                                                                                                                                                                                                                                                                                                                                                                       | X                                                 
|1122(d)(4)(vi)     | Changes with respect to the terms or status of an obligor's asset backed security transactions (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents.                                                                                                                                                                                                                                                                                                                                                                               | X                                                 
|1122(d)(4)(vii)    | Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements.                                                                                                                                                                                                                                                                                                                                                       | X                                                 
|1122(d)(4)(viii)   | Records documenting collection efforts are maintained during the period an asset backed security transactions of automobile and light duty truck retail installment sales contracts is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent asset backed security transactions including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment).                         | X                                                 
|1122(d)(4)(ix)     | Adjustments to interest rates or rates of return for asset backed security transactions of automobile and light duty truck retail installment sales contracts with variable rates are computed based on the related asset backed security documents.                                                                                                                                                                                                                                                                                                                                                                                                         |                                                   
|1122(d)(4)(x)      | Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s asset backed security transactions documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable asset backed security transactions documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related asset backed security transactions, or such other number of days specified in the transaction agreements. |                                                   










3 Safeguarding of documents
with respect to certain pool assets are maintained by a third party vendor that provides document imaging services with respect
to those assets on behalf of WOFC. WOFC has elected to take responsibility for assessing compliance by that vendor with that portion
of the servicing criterion under Item 1122(d)(4)(ii) of Regulation AB that relates to that vendor’s activities.













|Servicing Criteria | ApplicableServicing Criteria                                                                                                                                                                                                                                                                                                                                                                    | INAPPLICABLEServicingCriteria                     
|------------------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------
|Reference          | Criteria                                                                                                                                                                                                                                                                                                                                                                                        | Performed
        Directly
        by
        WOFC
|1122(d)(4)(xi)     | Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the Servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements. |                                                   
|1122(d)(4)(xii)    | Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the Servicer’s funds and not charged to the obligor, unless the late payment was due to the obligor’s error or omission.                                                                                                                                                             |                                                   
|1122(d)(4)(xiii)   | Disbursements made on behalf of an obligor are posted within two business days to the obligor’s records maintained by the Servicer, or such other number of days specified in the transaction agreements.                                                                                                                                                                                       |                                                   
|1122(d)(4)(xiv)    | Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements.                                                                                                                                                                                                                                                                | X                                                 
|1122(d)(4)(xv)     | Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements.                                                                                                                                                                                                                   |