Ford Credit Auto Owner Trust 2023-B
10/21/2025 | Press release | Distributed by Public on 10/21/2025 14:24
Asset-Backed Issuer Distribution Report (Form 10-D)
Ford Credit Auto Owner Trust 2023-B
Monthly Investor Report
| Collection Period | September 2025 | ||||
| Payment Date | 10/15/2025 | ||||
| Transaction Month | 28 | ||||
Additional information about the structure, cashflows, defined terms and parties for this transaction can be found in the prospectus, available on the SEC website (http://www.sec.gov) under the registration number 333-258040 and at https://www.ford.com/finance/investor-center/asset-backed-securitization.
I. ORIGINAL DEAL PARAMETERS
| Dollar Amount | # of Receivables | Weighted Avg Remaining Term at Cutoff | |||||||||||||||
| Initial Pool Balance | $ | 1,719,380,848.17 | 49,034 | 56.5 months | |||||||||||||
| Dollar Amount | Note Interest Rate | Final Scheduled Payment Date | |||||||||||||||
| Original Securities | |||||||||||||||||
| Class A-1 Notes | $ | 350,000,000.00 | 5.517 | % | July 15, 2024 | ||||||||||||
| Class A-2a Notes | $ | 350,000,000.00 | 5.57 | % | June 15, 2026 | ||||||||||||
| Class A-2b Notes | $ | 250,000,000.00 | 4.86208 | % | * | June 15, 2026 | |||||||||||
| Class A-3 Notes | $ | 479,000,000.00 | 5.23 | % | May 15, 2028 | ||||||||||||
| Class A-4 Notes | $ | 71,000,000.00 | 5.06 | % | February 15, 2029 | ||||||||||||
| Class B Notes | $ | 47,330,000.00 | 5.56 | % | March 15, 2029 | ||||||||||||
| Class C Notes | $ | 31,610,000.00 | 5.71 | % | December 15, 2030 | ||||||||||||
| Total | $ | 1,578,940,000.00 | |||||||||||||||
| * 30-day average SOFR + 0.49% | |||||||||||||||||
II. AVAILABLE FUNDS
| Interest: | |||||
| Interest Collections | $ | 2,692,713.07 | |||
| Principal: | |||||
| Principal Collections | $ | 20,120,015.20 | |||
| Prepayments in Full | $ | 9,481,830.60 | |||
| Liquidation Proceeds | $ | 610,070.71 | |||
| Recoveries | $ | 178,564.20 | |||
| Sub Total | $ | 30,390,480.71 | |||
| Collections | $ | 33,083,193.78 | |||
| Purchase Amounts: | |||||
| Purchase Amounts Related to Principal | $ | 123,193.61 | |||
| Purchase Amounts Related to Interest | $ | 538.75 | |||
| Sub Total | $ | 123,732.36 | |||
| Clean-up Call | $0.00 | ||||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Available Funds - Total | $ | 33,206,926.14 | |||
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Ford Credit Auto Owner Trust 2023-B
Monthly Investor Report
| Collection Period | September 2025 | ||||
| Payment Date | 10/15/2025 | ||||
| Transaction Month | 28 | ||||
III. DISTRIBUTIONS
| Calculated Amount | Amount Paid | Shortfall | Carryover Shortfall | Remaining Available Funds | |||||||||||||||||||||||||
| Trustee and Other Fees/Expenses | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 33,206,926.14 | |||||||||||||||||||
| Servicing Fee | $ | 481,439.87 | $ | 481,439.87 | $ | 0.00 | $ | 0.00 | $ | 32,725,486.27 | |||||||||||||||||||
| Interest - Class A-1 Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 32,725,486.27 | |||||||||||||||||||
| Interest - Class A-2a Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 32,725,486.27 | |||||||||||||||||||
| Interest - Class A-2b Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 32,725,486.27 | |||||||||||||||||||
| Interest - Class A-3 Notes | $ | 1,534,296.88 | $ | 1,534,296.88 | $ | 0.00 | $ | 0.00 | $ | 31,191,189.39 | |||||||||||||||||||
| Interest - Class A-4 Notes | $ | 299,383.33 | $ | 299,383.33 | $ | 0.00 | $ | 0.00 | $ | 30,891,806.06 | |||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 30,891,806.06 | |||||||||||||||||||
| Interest - Class B Notes | $ | 219,295.67 | $ | 219,295.67 | $ | 0.00 | $ | 0.00 | $ | 30,672,510.39 | |||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 30,672,510.39 | |||||||||||||||||||
| Interest - Class C Notes | $ | 150,410.92 | $ | 150,410.92 | $ | 0.00 | $ | 0.00 | $ | 30,522,099.47 | |||||||||||||||||||
| Reserve Account Deposit | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 30,522,099.47 | |||||||||||||||||||
| Regular Principal Payment | $ | 28,175,634.93 | $ | 28,175,634.93 | $ | 0.00 | $ | 0.00 | $ | 2,346,464.54 | |||||||||||||||||||
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 2,346,464.54 | |||||||||||||||||||
| Residual Released to Depositor | $ | 0.00 | $ | 2,346,464.54 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||
| Total | $ | 33,206,926.14 | |||||||||||||||||||||||||||
| Principal Payment: | |||||||||||||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Regular Principal Payment | $ | 28,175,634.93 | |||||||||||||||||||||||||||
| Total | $ | 28,175,634.93 | |||||||||||||||||||||||||||
IV. NOTEHOLDER PAYMENTS
| Noteholder Principal Payments | Noteholder Interest Payments | Total Payment | |||||||||||||||||||||||||||||||||
| Per $1,000 of | Per $1,000 of | Per $1,000 of | |||||||||||||||||||||||||||||||||
| Actual | Original Balance | Actual | Original Balance | Actual | Original Balance | ||||||||||||||||||||||||||||||
| Class A-1 Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||||||
| Class A-2a Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||||||
| Class A-2b Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||||||
| Class A-3 Notes | $ | 28,175,634.93 | $ | 58.82 | $ | 1,534,296.88 | $ | 3.20 | $ | 29,709,931.81 | $ | 62.02 | |||||||||||||||||||||||
| Class A-4 Notes | $ | 0.00 | $ | 0.00 | $ | 299,383.33 | $ | 4.22 | $ | 299,383.33 | $ | 4.22 | |||||||||||||||||||||||
| Class B Notes | $ | 0.00 | $ | 0.00 | $ | 219,295.67 | $ | 4.63 | $ | 219,295.67 | $ | 4.63 | |||||||||||||||||||||||
| Class C Notes | $ | 0.00 | $ | 0.00 | $ | 150,410.92 | $ | 4.76 | $ | 150,410.92 | $ | 4.76 | |||||||||||||||||||||||
| Total | $ | 28,175,634.93 | $ | 17.84 | $ | 2,203,386.80 | $ | 1.40 | $ | 30,379,021.73 | $ | 19.24 | |||||||||||||||||||||||
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Ford Credit Auto Owner Trust 2023-B
Monthly Investor Report
| Collection Period | September 2025 | ||||
| Payment Date | 10/15/2025 | ||||
| Transaction Month | 28 | ||||
V. NOTE BALANCE AND POOL INFORMATION
| Beginning of Period | End of Period | ||||||||||||||||||||||
| Balance | Note Factor | Balance | Note Factor | ||||||||||||||||||||
| Class A-1 Notes | $ | 0.00 | 0.0000000 | $ | 0.00 | 0.0000000 | |||||||||||||||||
| Class A-2a Notes | $ | 0.00 | 0.0000000 | $ | 0.00 | 0.0000000 | |||||||||||||||||
| Class A-2b Notes | $ | 0.00 | 0.0000000 | $ | 0.00 | 0.0000000 | |||||||||||||||||
| Class A-3 Notes | $ | 352,037,524.30 | 0.7349426 | $ | 323,861,889.37 | 0.6761209 | |||||||||||||||||
| Class A-4 Notes | $ | 71,000,000.00 | 1.0000000 | $ | 71,000,000.00 | 1.0000000 | |||||||||||||||||
| Class B Notes | $ | 47,330,000.00 | 1.0000000 | $ | 47,330,000.00 | 1.0000000 | |||||||||||||||||
| Class C Notes | $ | 31,610,000.00 | 1.0000000 | $ | 31,610,000.00 | 1.0000000 | |||||||||||||||||
| Total | $ | 501,977,524.30 | 0.3179206 | $ | 473,801,889.37 | 0.3000759 | |||||||||||||||||
| Pool Information | |||||||||||
| Weighted Average APR | 5.395 | % | 5.433 | % | |||||||
| Weighted Average Remaining Term | 36.47 | 35.82 | |||||||||
| Number of Receivables Outstanding | 25,547 | 24,718 | |||||||||
| Pool Balance | $ | 577,727,839.66 | $ | 546,788,826.92 | |||||||
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 538,275,004.83 | $ | 509,635,284.71 | |||||||
| Pool Factor | 0.3360092 | 0.3180150 | |||||||||
VI. OVERCOLLATERALIZATION INFORMATION
| Specified Reserve Balance | $ | 3,947,366.14 | |||
| Yield Supplement Overcollateralization Amount | $ | 37,153,542.21 | |||
| Targeted Overcollateralization Amount | $ | 72,986,937.55 | |||
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 72,986,937.55 | |||
VII. RECONCILIATION OF RESERVE ACCOUNT
| Beginning Reserve Account Balance | $ | 3,947,366.14 | |||
| Reserve Account Deposits Made | $ | 0.00 | |||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Ending Reserve Account Balance | $ | 3,947,366.14 | |||
| Change in Reserve Account Balance | $ | 0.00 | |||
| Specified Reserve Balance | $ | 3,947,366.14 | |||
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Ford Credit Auto Owner Trust 2023-B
Monthly Investor Report
| Collection Period | September 2025 | ||||
| Payment Date | 10/15/2025 | ||||
| Transaction Month | 28 | ||||
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| # of Receivables | Amount | ||||||||||||||||
| Current Collection Period Loss: | |||||||||||||||||
| Realized Loss (Charge-Offs) | 106 | $ | 603,902.62 | ||||||||||||||
| (Recoveries) | 88 | $ | 178,564.20 | ||||||||||||||
| Net Loss for Current Collection Period | $ | 425,338.42 | |||||||||||||||
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | 0.8835 | % | |||||||||||||||
| Prior and Current Collection Periods Average Loss: | |||||||||||||||||
| Ratio of Net Loss to the Average Pool Balance (annualized) | |||||||||||||||||
| Third Prior Collection Period | 1.1330 | % | |||||||||||||||
| Second Prior Collection Period | 0.8525 | % | |||||||||||||||
| Prior Collection Period | 1.1768 | % | |||||||||||||||
| Current Collection Period | 0.9078 | % | |||||||||||||||
| Four Month Average (Current and Prior Three Collection Periods) | 1.0175 | % | |||||||||||||||
| Cumulative Loss: | |||||||||||||||||
| Cumulative Realized Loss (Charge-Offs) | 2,296 | $ | 14,460,141.84 | ||||||||||||||
| (Cumulative Recoveries) | $ | 2,182,935.23 | |||||||||||||||
| Cumulative Net Loss for All Collection Periods | $ | 12,277,206.61 | |||||||||||||||
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | 0.7140 | % | |||||||||||||||
| Average Realized Loss for Receivables that have experienced a Realized Loss | $ | 6,297.97 | |||||||||||||||
| Average Net Loss for Receivables that have experienced a Realized Loss | $ | 5,347.22 | |||||||||||||||
| % of EOP Pool Balance | # of Receivables | Amount | |||||||||||||||
| Delinquent Receivables: | |||||||||||||||||
| 31-60 Days Delinquent | 1.78 | % | 281 | $ | 9,711,414.16 | ||||||||||||
| 61-90 Days Delinquent | 0.25 | % | 38 | $ | 1,341,003.83 | ||||||||||||
| 91-120 Days Delinquent | 0.05 | % | 8 | $ | 272,815.96 | ||||||||||||
| Over 120 Days Delinquent | 0.16 | % | 18 | $ | 860,409.65 | ||||||||||||
| Total Delinquent Receivables | 2.23 | % | 345 | $ | 12,185,643.60 | ||||||||||||
| Repossession Inventory: | |||||||||||||||||
| Repossessed in the Current Collection Period | 17 | $ | 767,719.94 | ||||||||||||||
| Total Repossessed Inventory | 27 | $ | 1,122,138.04 | ||||||||||||||
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | |||||||||||||||||
| Second Prior Collection Period | 0.3151 | % | |||||||||||||||
| Prior Collection Period | 0.2388 | % | |||||||||||||||
| Current Collection Period | 0.2589 | % | |||||||||||||||
| Three Month Average | 0.2709 | % | |||||||||||||||
| Delinquency Trigger (61+ Delinquent Receivables) | |||||||||||||||||
| Transaction Month | Trigger | ||||||||||||||||
| 1-12 | 0.80% | ||||||||||||||||
| 13-24 | 1.50% | ||||||||||||||||
| 25-36 | 2.60% | ||||||||||||||||
| 37+ | 4.40% | ||||||||||||||||
| 61+ Delinquent Receivables Balance to EOP Pool Balance | 0.4525 | % | |||||||||||||||
| Delinquency Trigger Occurred | No | ||||||||||||||||
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Ford Credit Auto Owner Trust 2023-B
Monthly Investor Report
| Collection Period | September 2025 | ||||
| Payment Date | 10/15/2025 | ||||
| Transaction Month | 28 | ||||
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount | ||||||||||||
| 1 Month Extended | 92 | $2,972,950.04 | ||||||||||||
| 2 Months Extended | 110 | $3,961,680.09 | ||||||||||||
| 3+ Months Extended | 25 | $756,116.00 | ||||||||||||
| Total Receivables Extended | 227 | $7,690,746.13 | ||||||||||||
IX. REPURCHASE DEMAND ACTIVITY (RULE 15Ga-1)
| No Activity to report | ||
| Most Recent Form ABS-15G for repurchase demand activity | ||
| Filed by: Ford Motor Credit Company LLC | ||
| CIK#: 0000038009 | ||
| Date: February 7, 2025 | ||
X. FLOATING RATE BENCHMARK: BENCHMARK TRANSITION
| Benchmark Transition Event: | N/A | ||||
| Benchmark Replacement Date: | N/A | ||||
| Unadjusted Benchmark Replacement: | N/A | ||||
| Benchmark Replacement Adjustment: | N/A | ||||
| Benchmark Replacement Conforming Changes: | N/A | ||||
SERVICER CERTIFICATION
THIS REPORT IS ACCURATE IN ALL MATERIAL RESPECTS.
Ford Motor Credit Company LLC
/s/ Ryan M. Hershberger
Assistant Treasurer
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Ford Credit Auto Owner Trust 2023-B published this content on October 21, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on October 21, 2025 at 20:24 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]