Ford Credit Auto Owner Trust 2022-D
04/23/2025 | Press release | Distributed by Public on 04/23/2025 07:25
Asset-Backed Issuer Distribution Report (Form 10-D)
Ford Credit Auto Owner Trust 2022-D
Monthly Investor Report
| Collection Period | March 2025 | ||||
| Payment Date | 4/15/2025 | ||||
| Transaction Month | 29 | ||||
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 | $1,471,280,949.11 | 45,366 | 54.6 months | ||||||||||||||
| Dollar Amount | Note Interest Rate | Final Scheduled Payment Date | |||||||||||||||
| Original Securities | |||||||||||||||||
| Class A-1 Notes | $ | 254,320,000.00 | 4.594 | % | December 15, 2023 | ||||||||||||
| Class A-2a Notes | $ | 300,340,000.00 | 5.37 | % | August 15, 2025 | ||||||||||||
| Class A-2b Notes | $ | 160,000,000.00 | 5.10867 | % | * | August 15, 2025 | |||||||||||
| Class A-3 Notes | $ | 460,340,000.00 | 5.27 | % | May 15, 2027 | ||||||||||||
| Class A-4 Notes | $ | 75,000,000.00 | 5.30 | % | March 15, 2028 | ||||||||||||
| Class B Notes | $ | 39,480,000.00 | 5.98 | % | June 15, 2028 | ||||||||||||
| Class C Notes | $ | 26,300,000.00 | 6.46 | % | May 15, 2030 | ||||||||||||
| Total | $ | 1,315,780,000.00 | |||||||||||||||
| * 30-day average SOFR + 0.76% | |||||||||||||||||
II. AVAILABLE FUNDS
| Interest: | |||||
| Interest Collections | $ | 1,536,585.81 | |||
| Principal: | |||||
| Principal Collections | $ | 16,962,028.65 | |||
| Prepayments in Full | $ | 7,391,539.21 | |||
| Liquidation Proceeds | $ | 310,153.63 | |||
| Recoveries | $ | 97,736.20 | |||
| Sub Total | $ | 24,761,457.69 | |||
| Collections | $ | 26,298,043.50 | |||
| Purchase Amounts: | |||||
| Purchase Amounts Related to Principal | $ | 0.00 | |||
| Purchase Amounts Related to Interest | $ | 0.00 | |||
| Sub Total | $ | 0.00 | |||
| Clean-up Call | $ | 0.00 | |||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Available Funds - Total | $26,298,043.50 | ||||
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Ford Credit Auto Owner Trust 2022-D
Monthly Investor Report
| Collection Period | March 2025 | ||||
| Payment Date | 4/15/2025 | ||||
| Transaction Month | 29 | ||||
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 | $ | 26,298,043.50 | |||||||||||||||||||
| Servicing Fee | $ | 383,678.73 | $ | 383,678.73 | $ | 0.00 | $ | 0.00 | $ | 25,914,364.77 | |||||||||||||||||||
| Interest - Class A-1 Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 25,914,364.77 | |||||||||||||||||||
| Interest - Class A-2a Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 25,914,364.77 | |||||||||||||||||||
| Interest - Class A-2b Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 25,914,364.77 | |||||||||||||||||||
| Interest - Class A-3 Notes | $ | 1,095,701.31 | $ | 1,095,701.31 | $ | 0.00 | $ | 0.00 | $ | 24,818,663.46 | |||||||||||||||||||
| Interest - Class A-4 Notes | $ | 331,250.00 | $ | 331,250.00 | $ | 0.00 | $ | 0.00 | $ | 24,487,413.46 | |||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 24,487,413.46 | |||||||||||||||||||
| Interest - Class B Notes | $ | 196,742.00 | $ | 196,742.00 | $ | 0.00 | $ | 0.00 | $ | 24,290,671.46 | |||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 24,290,671.46 | |||||||||||||||||||
| Interest - Class C Notes | $ | 141,581.67 | $ | 141,581.67 | $ | 0.00 | $ | 0.00 | $ | 24,149,089.79 | |||||||||||||||||||
| Reserve Account Deposit | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 24,149,089.79 | |||||||||||||||||||
| Regular Principal Payment | $ | 22,233,069.56 | $ | 22,233,069.56 | $ | 0.00 | $ | 0.00 | $ | 1,916,020.23 | |||||||||||||||||||
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 1,916,020.23 | |||||||||||||||||||
| Residual Released to Depositor | $ | 0.00 | $ | 1,916,020.23 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||
| Total | $ | 26,298,043.50 | |||||||||||||||||||||||||||
| Principal Payment: | |||||||||||||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Regular Principal Payment | $ | 22,233,069.56 | |||||||||||||||||||||||||||
| Total | $ | 22,233,069.56 | |||||||||||||||||||||||||||
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 | $ | 22,233,069.56 | $ | 48.30 | $ | 1,095,701.31 | $ | 2.38 | $ | 23,328,770.87 | $ | 50.68 | |||||||||||||||||||||||
| Class A-4 Notes | $ | 0.00 | $ | 0.00 | $ | 331,250.00 | $ | 4.42 | $ | 331,250.00 | $ | 4.42 | |||||||||||||||||||||||
| Class B Notes | $ | 0.00 | $ | 0.00 | $ | 196,742.00 | $ | 4.98 | $ | 196,742.00 | $ | 4.98 | |||||||||||||||||||||||
| Class C Notes | $ | 0.00 | $ | 0.00 | $ | 141,581.67 | $ | 5.38 | $ | 141,581.67 | $ | 5.38 | |||||||||||||||||||||||
| Total | $ | 22,233,069.56 | $ | 16.90 | $ | 1,765,274.98 | $ | 1.34 | $ | 23,998,344.54 | $ | 18.24 | |||||||||||||||||||||||
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Ford Credit Auto Owner Trust 2022-D
Monthly Investor Report
| Collection Period | March 2025 | ||||
| Payment Date | 4/15/2025 | ||||
| Transaction Month | 29 | ||||
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 | $ | 249,495,555.09 | 0.5419810 | $ | 227,262,485.53 | 0.4936840 | |||||||||||||||||
| Class A-4 Notes | $ | 75,000,000.00 | 1.0000000 | $ | 75,000,000.00 | 1.0000000 | |||||||||||||||||
| Class B Notes | $ | 39,480,000.00 | 1.0000000 | $ | 39,480,000.00 | 1.0000000 | |||||||||||||||||
| Class C Notes | $ | 26,300,000.00 | 1.0000000 | $ | 26,300,000.00 | 1.0000000 | |||||||||||||||||
| Total | $ | 390,275,555.09 | 0.2966116 | $ | 368,042,485.53 | 0.2797143 | |||||||||||||||||
| Pool Information | |||||||||||
| Weighted Average APR | 4.222 | % | 4.250 | % | |||||||
| Weighted Average Remaining Term | 33.40 | 32.72 | |||||||||
| Number of Receivables Outstanding | 23,547 | 22,811 | |||||||||
| Pool Balance | $ | 460,414,479.32 | $ | 435,262,352.09 | |||||||
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 419,550,189.15 | $ | 396,939,837.68 | |||||||
| Pool Factor | 0.3129344 | 0.2958390 | |||||||||
VI. OVERCOLLATERALIZATION INFORMATION
| Specified Reserve Balance | $ | 3,947,367.68 | |||
| Yield Supplement Overcollateralization Amount | $ | 38,322,514.41 | |||
| Targeted Overcollateralization Amount | $ | 67,219,866.56 | |||
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 67,219,866.56 | |||
VII. RECONCILIATION OF RESERVE ACCOUNT
| Beginning Reserve Account Balance | $ | 3,947,367.68 | |||
| Reserve Account Deposits Made | $ | 0.00 | |||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Ending Reserve Account Balance | $ | 3,947,367.68 | |||
| Change in Reserve Account Balance | $ | 0.00 | |||
| Specified Reserve Balance | $ | 3,947,367.68 | |||
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Ford Credit Auto Owner Trust 2022-D
Monthly Investor Report
| Collection Period | March 2025 | ||||
| Payment Date | 4/15/2025 | ||||
| Transaction Month | 29 | ||||
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| # of Receivables | Amount | ||||||||||||||||
| Current Collection Period Loss: | |||||||||||||||||
| Realized Loss (Charge-Offs) | 70 | $ | 488,405.74 | ||||||||||||||
| (Recoveries) | 72 | $ | 97,736.20 | ||||||||||||||
| Net Loss for Current Collection Period | $ | 390,669.54 | |||||||||||||||
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | 1.0182 | % | |||||||||||||||
| Prior and Current Collection Periods Average Loss: | |||||||||||||||||
| Ratio of Net Loss to the Average Pool Balance (annualized) | |||||||||||||||||
| Third Prior Collection Period | 1.5711 | % | |||||||||||||||
| Second Prior Collection Period | 1.6774 | % | |||||||||||||||
| Prior Collection Period | 0.6423 | % | |||||||||||||||
| Current Collection Period | 1.0468 | % | |||||||||||||||
| Four Month Average (Current and Prior Three Collection Periods) | 1.2344 | % | |||||||||||||||
| Cumulative Loss: | |||||||||||||||||
| Cumulative Realized Loss (Charge-Offs) | 1,933 | $ | 10,903,125.44 | ||||||||||||||
| (Cumulative Recoveries) | $ | 1,526,132.24 | |||||||||||||||
| Cumulative Net Loss for All Collection Periods | $ | 9,376,993.20 | |||||||||||||||
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | 0.6373 | % | |||||||||||||||
| Average Realized Loss for Receivables that have experienced a Realized Loss | $ | 5,640.52 | |||||||||||||||
| Average Net Loss for Receivables that have experienced a Realized Loss | $ | 4,851.01 | |||||||||||||||
| % of EOP Pool Balance | # of Receivables | Amount | |||||||||||||||
| Delinquent Receivables: | |||||||||||||||||
| 31-60 Days Delinquent | 1.58 | % | 245 | $ | 6,871,807.74 | ||||||||||||
| 61-90 Days Delinquent | 0.21 | % | 33 | $ | 900,535.94 | ||||||||||||
| 91-120 Days Delinquent | 0.07 | % | 13 | $ | 295,536.83 | ||||||||||||
| Over 120 Days Delinquent | 0.18 | % | 23 | $ | 774,018.57 | ||||||||||||
| Total Delinquent Receivables | 2.03 | % | 314 | $ | 8,841,899.08 | ||||||||||||
| Repossession Inventory: | |||||||||||||||||
| Repossessed in the Current Collection Period | 11 | $ | 282,081.98 | ||||||||||||||
| Total Repossessed Inventory | 15 | $ | 412,165.01 | ||||||||||||||
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | |||||||||||||||||
| Second Prior Collection Period | 0.3352 | % | |||||||||||||||
| Prior Collection Period | 0.3058 | % | |||||||||||||||
| Current Collection Period | 0.3025 | % | |||||||||||||||
| Three Month Average | 0.3145 | % | |||||||||||||||
| Delinquency Trigger (61+ Delinquent Receivables) | |||||||||||||||||
| Transaction Month | Trigger | ||||||||||||||||
| 1-12 | 0.80% | ||||||||||||||||
| 13-24 | 1.50% | ||||||||||||||||
| 25-36 | 2.70% | ||||||||||||||||
| 37+ | 4.40% | ||||||||||||||||
| 61+ Delinquent Receivables Balance to EOP Pool Balance | 0.4526 | % | |||||||||||||||
| Delinquency Trigger Occurred | No | ||||||||||||||||
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Ford Credit Auto Owner Trust 2022-D
Monthly Investor Report
| Collection Period | March 2025 | ||||
| Payment Date | 4/15/2025 | ||||
| Transaction Month | 29 | ||||
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount | ||||||||||||
| 1 Month Extended | 70 | $1,943,432.29 | ||||||||||||
| 2 Months Extended | 88 | $2,674,746.27 | ||||||||||||
| 3+ Months Extended | 20 | $555,978.19 | ||||||||||||
| Total Receivables Extended | 178 | $5,174,156.75 | ||||||||||||
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 2022-D published this content on April 23, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on April 23, 2025 at 13:25 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]