Ford Credit Auto Owner Trust 2022-A
05/21/2025 | Press release | Distributed by Public on 05/21/2025 07:11
Asset-Backed Issuer Distribution Report (Form 10-D)
Ford Credit Auto Owner Trust 2022-A
Monthly Investor Report
| Collection Period | April 2025 | ||||
| Payment Date | 5/15/2025 | ||||
| Transaction Month | 40 | ||||
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 | $1,146,189,073.03 | 34,997 | 56.9 months | ||||||||||||||
| Dollar Amount | Note Interest Rate | Final Scheduled Payment Date | |||||||||||||||
| Original Securities: | |||||||||||||||||
| Class A-1 Notes | $ | 182,190,000.00 | 0.23886 | % | February 15, 2023 | ||||||||||||
| Class A-2 Notes | $ | 361,420,000.00 | 0.73 | % | September 15, 2024 | ||||||||||||
| Class A-3 Notes | $ | 361,420,000.00 | 1.29 | % | June 15, 2026 | ||||||||||||
| Class A-4 Notes | $ | 95,040,000.00 | 1.56 | % | May 15, 2027 | ||||||||||||
| Class B Notes | $ | 31,560,000.00 | 1.91 | % | July 15, 2027 | ||||||||||||
| Class C Notes | $ | 21,020,000.00 | 2.14 | % | July 15, 2029 | ||||||||||||
| Total | $ | 1,052,650,000.00 | |||||||||||||||
II. AVAILABLE FUNDS
| Interest: | |||||
| Interest Collections | $ | 449,919.67 | |||
| Principal: | |||||
| Principal Collections | $ | 9,362,005.08 | |||
| Prepayments in Full | $ | 3,659,878.26 | |||
| Liquidation Proceeds | $ | 108,413.69 | |||
| Recoveries | $ | 135,778.03 | |||
| Sub Total | $ | 13,266,075.06 | |||
| Collections | $ | 13,715,994.73 | |||
| Purchase Amounts: | |||||
| Purchase Amounts Related to Principal | $ | 20,695.34 | |||
| Purchase Amounts Related to Interest | $ | 101.20 | |||
| Sub Total | $ | 20,796.54 | |||
| Clean-up Call | $ | 0.00 | |||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Available Funds - Total | $ | 13,736,791.27 | |||
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Ford Credit Auto Owner Trust 2022-A
Monthly Investor Report
| Collection Period | April 2025 | ||||
| Payment Date | 5/15/2025 | ||||
| Transaction Month | 40 | ||||
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 | $ | 13,736,791.27 | |||||||||||||||||||
| Servicing Fee | $ | 169,109.83 | $ | 169,109.83 | $ | 0.00 | $ | 0.00 | $ | 13,567,681.44 | |||||||||||||||||||
| Interest - Class A-1 Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 13,567,681.44 | |||||||||||||||||||
| Interest - Class A-2 Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 13,567,681.44 | |||||||||||||||||||
| Interest - Class A-3 Notes | $ | 22,918.77 | $ | 22,918.77 | $ | 0.00 | $ | 0.00 | $ | 13,544,762.67 | |||||||||||||||||||
| Interest - Class A-4 Notes | $ | 123,552.00 | $ | 123,552.00 | $ | 0.00 | $ | 0.00 | $ | 13,421,210.67 | |||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 13,421,210.67 | |||||||||||||||||||
| Interest - Class B Notes | $ | 50,233.00 | $ | 50,233.00 | $ | 0.00 | $ | 0.00 | $ | 13,370,977.67 | |||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 13,370,977.67 | |||||||||||||||||||
| Interest - Class C Notes | $ | 37,485.67 | $ | 37,485.67 | $ | 0.00 | $ | 0.00 | $ | 13,333,492.00 | |||||||||||||||||||
| Reserve Account Deposit | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 13,333,492.00 | |||||||||||||||||||
| Regular Principal Payment | $ | 12,050,930.32 | $ | 12,050,930.32 | $ | 0.00 | $ | 0.00 | $ | 1,282,561.68 | |||||||||||||||||||
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 1,282,561.68 | |||||||||||||||||||
| Residual Released to Depositor | $ | 0.00 | $ | 1,282,561.68 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||
| Total | $ | 13,736,791.27 | |||||||||||||||||||||||||||
| Principal Payment: | |||||||||||||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Regular Principal Payment | $ | 12,050,930.32 | |||||||||||||||||||||||||||
| Total | $ | 12,050,930.32 | |||||||||||||||||||||||||||
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-2 Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||||||
| Class A-3 Notes | $ | 12,050,930.32 | $ | 33.34 | $ | 22,918.77 | $ | 0.06 | $ | 12,073,849.09 | $ | 33.40 | |||||||||||||||||||||||
| Class A-4 Notes | $ | 0.00 | $ | 0.00 | $ | 123,552.00 | $ | 1.30 | $ | 123,552.00 | $ | 1.30 | |||||||||||||||||||||||
| Class B Notes | $ | 0.00 | $ | 0.00 | $ | 50,233.00 | $ | 1.59 | $ | 50,233.00 | $ | 1.59 | |||||||||||||||||||||||
| Class C Notes | $ | 0.00 | $ | 0.00 | $ | 37,485.67 | $ | 1.78 | $ | 37,485.67 | $ | 1.78 | |||||||||||||||||||||||
| Total | $ | 12,050,930.32 | $ | 11.45 | $ | 234,189.44 | $ | 0.22 | $ | 12,285,119.76 | $ | 11.67 | |||||||||||||||||||||||
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Ford Credit Auto Owner Trust 2022-A
Monthly Investor Report
| Collection Period | April 2025 | ||||
| Payment Date | 5/15/2025 | ||||
| Transaction Month | 40 | ||||
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-2 Notes | $ | 0.00 | 0.0000000 | $ | 0.00 | 0.0000000 | |||||||||||||||||
| Class A-3 Notes | $ | 21,319,784.98 | 0.0589889 | $ | 9,268,854.66 | 0.0256457 | |||||||||||||||||
| Class A-4 Notes | $ | 95,040,000.00 | 1.0000000 | $ | 95,040,000.00 | 1.0000000 | |||||||||||||||||
| Class B Notes | $ | 31,560,000.00 | 1.0000000 | $ | 31,560,000.00 | 1.0000000 | |||||||||||||||||
| Class C Notes | $ | 21,020,000.00 | 1.0000000 | $ | 21,020,000.00 | 1.0000000 | |||||||||||||||||
| Total | $ | 168,939,784.98 | 0.1604900 | $ | 156,888,854.66 | 0.1490418 | |||||||||||||||||
| Pool Information | |||||||||||
| Weighted Average APR | 2.675 | % | 2.684 | % | |||||||
| Weighted Average Remaining Term | 25.41 | 24.65 | |||||||||
| Number of Receivables Outstanding | 14,331 | 13,903 | |||||||||
| Pool Balance | $ | 202,931,794.15 | $ | 189,689,156.11 | |||||||
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 190,405,302.03 | $ | 178,155,732.14 | |||||||
| Pool Factor | 0.1770491 | 0.1654955 | |||||||||
VI. OVERCOLLATERALIZATION INFORMATION
| Specified Reserve Balance | $ | 2,631,648.59 | |||
| Yield Supplement Overcollateralization Amount | $ | 11,533,423.97 | |||
| Targeted Overcollateralization Amount | $ | 32,800,301.45 | |||
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 32,800,301.45 | |||
VII. RECONCILIATION OF RESERVE ACCOUNT
| Beginning Reserve Account Balance | $ | 2,631,648.59 | |||
| Reserve Account Deposits Made | $ | 0.00 | |||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Ending Reserve Account Balance | $ | 2,631,648.59 | |||
| Change in Reserve Account Balance | $ | 0.00 | |||
| Specified Reserve Balance | $ | 2,631,648.59 | |||
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Ford Credit Auto Owner Trust 2022-A
Monthly Investor Report
| Collection Period | April 2025 | ||||
| Payment Date | 5/15/2025 | ||||
| Transaction Month | 40 | ||||
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| # of Receivables | Amount | |||||||||||||||||||
| Current Collection Period Loss: | ||||||||||||||||||||
| Realized Loss (Charge-Offs) | 35 | $ | 91,645.67 | |||||||||||||||||
| (Recoveries) | 48 | $ | 135,778.03 | |||||||||||||||||
| Net Loss for Current Collection Period | $ | (44,132.36) | ||||||||||||||||||
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | (0.2610) | % | ||||||||||||||||||
| Prior and Current Collection Periods Average Loss: | ||||||||||||||||||||
| Ratio of Net Loss to the Average Pool Balance (annualized) | ||||||||||||||||||||
| Third Prior Collection Period | 0.7535 | % | ||||||||||||||||||
| Second Prior Collection Period | 0.8502 | % | ||||||||||||||||||
| Prior Collection Period | (0.2372) | % | ||||||||||||||||||
| Current Collection Period | (0.2698) | % | ||||||||||||||||||
| Four Month Average (Current and Prior Three Collection Periods) | 0.2742 | % | ||||||||||||||||||
| Cumulative Loss: | ||||||||||||||||||||
| Cumulative Realized Loss (Charge-Offs) | 1,457 | $ | 5,831,206.90 | |||||||||||||||||
| (Cumulative Recoveries) | $ | 1,630,722.46 | ||||||||||||||||||
| Cumulative Net Loss for All Collection Periods | $ | 4,200,484.44 | ||||||||||||||||||
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | 0.3665 | % | ||||||||||||||||||
| Average Realized Loss for Receivables that have experienced a Realized Loss | $ | 4,002.20 | ||||||||||||||||||
| Average Net Loss for Receivables that have experienced a Realized Loss | $ | 2,882.97 | ||||||||||||||||||
| % of EOP Pool Balance | # of Receivables | Amount | ||||||||||||||||||
| Delinquent Receivables: | ||||||||||||||||||||
| 31-60 Days Delinquent | 1.62 | % | 156 | $ | 3,080,171.17 | |||||||||||||||
| 61-90 Days Delinquent | 0.32 | % | 27 | $ | 607,888.05 | |||||||||||||||
| 91-120 Days Delinquent | 0.02 | % | 2 | $ | 34,069.95 | |||||||||||||||
| Over 120 Days Delinquent | 0.25 | % | 18 | $ | 466,528.52 | |||||||||||||||
| Total Delinquent Receivables | 2.21 | % | 203 | $ | 4,188,657.69 | |||||||||||||||
| Repossession Inventory: | ||||||||||||||||||||
| Repossessed in the Current Collection Period | 2 | $ | 31,784.62 | |||||||||||||||||
| Total Repossessed Inventory | 7 | $ | 156,499.31 | |||||||||||||||||
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | ||||||||||||||||||||
| Second Prior Collection Period | 0.2984 | % | ||||||||||||||||||
| Prior Collection Period | 0.2861 | % | ||||||||||||||||||
| Current Collection Period | 0.3381 | % | ||||||||||||||||||
| Three Month Average | 0.3075 | % | ||||||||||||||||||
| 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 | 0.5844 | % | ||||||||||||||||||
| Delinquency Trigger Occurred | No | |||||||||||||||||||
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Ford Credit Auto Owner Trust 2022-A
Monthly Investor Report
| Collection Period | April 2025 | ||||
| Payment Date | 5/15/2025 | ||||
| Transaction Month | 40 | ||||
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount | ||||||||||||
| 1 Month Extended | 39 | $721,702.14 | ||||||||||||
| 2 Months Extended | 55 | $1,063,778.35 | ||||||||||||
| 3+ Months Extended | 10 | $240,380.21 | ||||||||||||
| Total Receivables Extended | 104 | $2,025,860.70 | ||||||||||||
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 | ||
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-A published this content on May 21, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on May 21, 2025 at 13:11 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]