EXHIBIT 99.1

World Omni Auto Receivables Trust 2005-B

Annual Servicer Certificate

For the Period August 18, 2005 through December 31, 2005



|                               |  |                      |  | 
|------------------------------ |  | -------------------- |  | 
|Aggregate Note Amount          |  | AggregateNote Amount |  | 
|                               |  |                     
|Original                       |  | 963,947,000.00       |  | 
|                               |  |                     
|Principal distributable amount |  | 137,136,027.38       |  | 
|                               |  |                     
|Note Balance @ 12/31/05        |  | 826,810,972.62       |  | 
|                               |  |                     
|Note Amount                    |  | Class A-1Note Amount |  | 
|                               |  |                     
|Original                       |  | 185,000,000.00       |  | 
|Principal distributable amount |  | 137,136,027.38       |  | 
|                               |  |                     
|Note Balance @ 12/31/05        |  | 47,863,972.62        |  | 
|                               |  |                     
|Note Amount                    |  | Class A-2Note Amount |  | 
|                               |  |                     
|Original                       |  | 265,000,000.00       |  | 
|Principal distributable amount |  |                     |  | 
|                               |  |                     
|Note Balance @ 12/31/05        |  | 265,000,000.00       |  | 
|                               |  |                     
|Note Amount                    |  | Class A-3Note Amount |  | 
|                               |  |                     
|Original                       |  | 193,000,000.00       |  | 
|Principal distributable amount |  |                     |  | 
|                               |  |                     
|Note Balance @ 12/31/05        |  | 193,000,000.00       |  | 
|                               |  |                     
|Note Amount                    |  | Class A-4Note Amount |  | 
|                               |  |                     
|Original                       |  | 282,000,000.00       |  | 
|Principal distributable amount |  |                     |  | 
|                               |  |                     
|Note Balance @ 12/31/05        |  | 282,000,000.00       |  | 
|                               |  |                     
|Note Amount                    |  | Class BNote Amount   |  | 
|                               |  |                     
|Original                       |  | 38,947,000.00        |  | 
|Principal distributable amount |  |                     |  | 
|                               |  |                     
|Note Balance @ 12/31/05        |  | 38,947,000.00        |  | 
|                               |  |                     
|Distributable Amounts          |  | Total                |  | 
|                               |  |                     
|Interest Distributable Amount  |  | 15,574,098.81        |  | 
|Principal Distributable Amount |  | 137,136,027.38       |  | 
|                               |  |                     
|Total                          |  | 152,710,126.19       |  | 
|                               |  |                     
|Distributable Amounts          |  | Class A-1            |  | 
|                               |  |                     
|Interest Distributable Amount  |  | 2,163,162.62         |  | 
|Principal Distributable Amount |  | 137,136,027.38       |  | 
|                               |  |                     
|Total                          |  | 139,299,190.00       |  | 



---

|                                                                    |  |                |   |  |               |  
|------------------------------------------------------------------- |  | -------------- | - |  | ------------- | -
|Distributable Amounts                                               |  | Class A-2      |   |  |               |  
|                                                                    |  |               
|Interest Distributable Amount                                       |  | 4,589,652.77   |   |  |               |  
|Principal Distributable Amount                                      |  | 0.00           |   |  |               |  
|                                                                    |  |               
|Total                                                               |  | 4,589,652.77   |   |  |               |  
|                                                                    |  |               
|Distributable Amounts                                               |  | Class A-3      |   |  |               |  
|                                                                    |  |               
|Interest Distributable Amount                                       |  | 3,420,388.90   |   |  |               |  
|Principal Distributable Amount                                      |  | 0.00           |   |  |               |  
|                                                                    |  |               
|Total                                                               |  | 3,420,388.90   |   |  |               |  
|                                                                    |  |               
|Distributable Amounts                                               |  | Class A-4      |   |  |               |  
|                                                                    |  |               
|One-Month Libor                                                     |  | 4.37000        | % |  |               |  
|Coupon Rate                                                         |  | 4.39000        | % |  |               |  
|                                                                    |  |               
|Interest Distributable Amount                                       |  | 4,666,743.57   |   |  |               |  
|Principal Distributable Amount                                      |  | 0.00           |   |  |               |  
|                                                                    |  |               
|Total                                                               |  | 4,666,743.57   |   |  |               |  
|                                                                    |  |               
|Distributable Amounts                                               |  | Class B        |   |  |               |  
|                                                                    |  |               
|Interest Distributable Amount                                       |  | 734,150.95     |   |  |               |  
|Principal Distributable Amount                                      |  | 0.00           |   |  |               |  
|                                                                    |  |               
|Total                                                               |  | 734,150.95     |   |  |               |  
|                                                                    |  |               
|Interest Rate Swap Payment/(Receipt)                                |  | 451,878.85     |   |  |               |  
|Interest Rate Swap Termination Payment                              |  | 0.00           |   |  |               |  
|                                                                    |  |               
|Note Factors                                                        |  | Class A-1      |   |  | Class A-2     |  
|                                                                    |  |               
|12/31/2005                                                          |  | 25.8724176     | % |  | 100.0000000   | %
|                                                                    |  |               
|Note Factors                                                        |  | Class A-3      |   |  | Class A-4     |  
|                                                                    |  |               
|12/31/2005                                                          |  | 100.0000000    | % |  | 100.0000000   | %
|                                                                    |  |               
|Note Factors                                                        |  | Class B        |   |  |               |  
|                                                                    |  |               
|12/31/2005                                                          |  | 100.0000000    | % |  |               |  
|                                                                    |  |               
|Pool Data                                                           |  | $              |   |  | #             |  
|Original Pool Balance (includes Pre-Funding Account deposit amount) |  | 973,683,838.38 |   |  | 44,510        |  
|Pre-Funding Contracts added 9/29/05                                 |  | 223,676,474.85 |   |  | 11,957        |  
|Pool Balance at 9/29/05                                             |  | 973,683,838.38 |   |  | 56,467        |  
|Principal Payments                                                  |  | 128,588,211.20 |   |  | 3,890         |  
|Defaulted Receivables                                               |  | 1,410,961.24   |   |  | 90            |  
|Pool Balance at 12/31/05                                            |  | 843,684,665.94 |   |  | 52,487        |  
|Overcollateralization Target Amount                                 |  | 16,873,693.32  |   |  |               |  
|Recoveries                                                          |  | 627,139.89     |   |  |               |  
|                                                                    |  |               
|Weighted Average APR                                                |  | 7.71           | % |  |               |  
|Weighted Average Remaining Term                                     |  | 55.45          |   |  |               |  
|                                                                    |  |               
|Aggegate Net Losses                                                 |  | 783,821.35     |   |  |               |  
|Average Net Loss Ratio                                              |  | 0.24           | % |  |               |  
|                                                                    |  |               
|Noteholders First Priority Principal Distributable Amount          |  | 0.00           |   |  |               |  
|                                                                    |  |               
|Noteholders Second Priority Principal Distributable Amount         |  | 79,066,079.04  |   |  |               |  
|                                                                    |  |               
|Account Balances                                                    |  | Advance        |   |  | Reserve Fund  |  
|                                                                    |  |               
|Balance as of 8/25/05                                               |  | 0.00           |   |  | 11,210,429.78 |  
|Transfer from Pre-Funding 9/29/05                                   |  |                |   |  | 559,190.45    |  
|Balance as of 12/31/05                                              |  | 155,809.95     |   |  | 10,668,322.05 |  
|Change                                                              |  | 155,809.95     |   |  | (1,101,298.18 | )
|Reserve Fund Requirement                                            |  |                |   |  | 10,268,795.15 |  
|Investment Earnings                                                 |  |                |   |  | 150,552.06    |  
|Reserve Fund Supplemental Requirement/(Excess)                      |  |                |   |  | (1,500,825.08 | )



---

|                              |  |               |   |  |                 |  
|----------------------------- |  | ------------- | - |  | --------------- | -
|                              |  |               |   |  | Pre-Funding     |  
|                              |  |              
|Balance as of 8/25/05         |  |               |   |  | 223,676,178.75  |  
|Investment Earnings           |  |               |   |  | 751,594.55      |  
|Balance as of 12/31/05        |  |               |   |  | 0.00            |  
|Change                        |  |               |   |  | (224,427,773.30 | )
|                              |  |              
|                              |  | Maximum Carry |   |  | Negative Carry  |  
|                              |  |              
|Balance as of 8/25/05         |  | 2,515,435.12  |   |  | 2,515,435.12    |  
|Investment Earnings           |  | 9,000.95      |   |  | 9,000.95        |  
|Balance as of 12/31/05        |  |              |   |  |                |  
|Change                        |  | (2,524,436.07 | ) |  | (2,524,436.07   | )
|Excess to be Distributed      |  | 2,524,436.07  |   |  |                 |  
|                              |  |              
|Distribution per $1,000       |  | Total         |   |  |                 |  
|                              |  |              
|Distribution Amount           |  | 158.4217039   |   |  |                 |  
|                              |  |              
|Interest Distribution Amount  |  | 16.1565924    |   |  |                 |  
|Interest Carryover Shortfall  |  | 0.0000000     |   |  |                 |  
|                              |  |              
|Principal Distribution Amount |  | 142.2651114   |   |  |                 |  
|                              |  |              
|Distribution per $1,000       |  | Class A-1     |   |  |                 |  
|                              |  |              
|Distribution Amount           |  | 752.9685946   |   |  |                 |  
|                              |  |              
|Interest Distribution Amount  |  | 11.6927709    |   |  |                 |  
|Interest Carryover Shortfall  |  | 0.0000000     |   |  |                 |  
|                              |  |              
|Principal Distribution Amount |  | 741.2758237   |   |  |                 |  
|                              |  |              
|Distribution per $1,000       |  | Class A-2     |   |  |                 |  
|                              |  |              
|Distribution Amount           |  | 17.3194444    |   |  |                 |  
|                              |  |              
|Interest Distribution Amount  |  | 17.3194444    |   |  |                 |  
|Interest Carryover Shortfall  |  | 0.0000000     |   |  |                 |  
|Principal Distribution Amount |  | 0.0000000     |   |  |                 |  
|                              |  |              
|Distribution per $1,000       |  | Class A-3     |   |  |                 |  
|                              |  |              
|Distribution Amount           |  | 17.7222223    |   |  |                 |  
|                              |  |              
|Interest Distribution Amount  |  | 17.7222223    |   |  |                 |  
|Interest Carryover Shortfall  |  | 0.0000000     |   |  |                 |  
|                              |  |              
|Principal Distribution Amount |  | 0.0000000     |   |  |                 |  
|                              |  |              
|Distribution per $1,000       |  | Class A-4     |   |  |                 |  
|                              |  |              
|Distribution Amount           |  | 16.5487361    |   |  |                 |  
|                              |  |              
|Interest Distribution Amount  |  | 16.5487361    |   |  |                 |  
|Interest Carryover Shortfall  |  | 0.0000000     |   |  |                 |  
|                              |  |              
|Principal Distribution Amount |  | 0.0000000     |   |  |                 |  
|                              |  |              
|Distribution per $1,000       |  | Class B       |   |  |                 |  
|                              |  |              
|Distribution Amount           |  | 18.8500000    |   |  |                 |  
|Interest Distribution Amount  |  | 18.8500000    |   |  |                 |  
|Interest Carryover Shortfall  |  | 0.0000000     |   |  |                 |  
|                              |  |              
|Principal Distribution Amount |  | 0.0000000     |   |  |                 |  



---

|                             |  |              |  |              
|---------------------------- |  | ------------ |  | -------------
|Servicing Fee                |  | Total        |  |              
|                             |  |             
|Amount of Servicing Fee Paid |  | 3,146,970.08 |  |              
|Total Unpaid                 |  | 0.00         |  |              
|                             |  |             
|Delinquent Receivables       |  | #            |  | $            
|                             |  |             
|Past Due 31-60 days          |  | 625          |  | 8,454,546.07 
|Past Due 61-90 days          |  | 146          |  | 2,165,814.16 
|Past Due 91 + days           |  | 46           |  | 731,372.10   
|                             |  |             
|Total                        |  | 817          |  | 11,351,732.33