Ford Credit Auto Owner Trust 2022-A
06/20/2025 | Press release | Distributed by Public on 06/20/2025 06:49
Asset-Backed Issuer Distribution Report (Form 10-D)
Ford Credit Auto Owner Trust 2022-A
Monthly Investor Report
| Collection Period | May 2025 | ||||
| Payment Date | 6/16/2025 | ||||
| Transaction Month | 41 | ||||
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 | $ | 418,902.90 | |||
| Principal: | |||||
| Principal Collections | $ | 9,092,616.31 | |||
| Prepayments in Full | $ | 3,418,008.68 | |||
| Liquidation Proceeds | $ | 95,375.80 | |||
| Recoveries | $ | (9,755.32) | |||
| Sub Total | $ | 12,596,245.47 | |||
| Collections | $ | 13,015,148.37 | |||
| 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 | $ | 13,015,148.37 | |||
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Ford Credit Auto Owner Trust 2022-A
Monthly Investor Report
| Collection Period | May 2025 | ||||
| Payment Date | 6/16/2025 | ||||
| Transaction Month | 41 | ||||
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 | $ | 13,015,148.37 | |||||||||||||||||||
| Servicing Fee | $ | 158,074.30 | $ | 158,074.30 | $ | 0.00 | $ | 0.00 | $ | 12,857,074.07 | |||||||||||||||||||
| Interest - Class A-1 Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 12,857,074.07 | |||||||||||||||||||
| Interest - Class A-2 Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 12,857,074.07 | |||||||||||||||||||
| Interest - Class A-3 Notes | $ | 9,964.02 | $ | 9,964.02 | $ | 0.00 | $ | 0.00 | $ | 12,847,110.05 | |||||||||||||||||||
| Interest - Class A-4 Notes | $ | 123,552.00 | $ | 123,552.00 | $ | 0.00 | $ | 0.00 | $ | 12,723,558.05 | |||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 12,723,558.05 | |||||||||||||||||||
| Interest - Class B Notes | $ | 50,233.00 | $ | 50,233.00 | $ | 0.00 | $ | 0.00 | $ | 12,673,325.05 | |||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 12,673,325.05 | |||||||||||||||||||
| Interest - Class C Notes | $ | 37,485.67 | $ | 37,485.67 | $ | 0.00 | $ | 0.00 | $ | 12,635,839.38 | |||||||||||||||||||
| Reserve Account Deposit | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 12,635,839.38 | |||||||||||||||||||
| Regular Principal Payment | $ | 11,583,641.74 | $ | 11,583,641.74 | $ | 0.00 | $ | 0.00 | $ | 1,052,197.64 | |||||||||||||||||||
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 1,052,197.64 | |||||||||||||||||||
| Residual Released to Depositor | $ | 0.00 | $ | 1,052,197.64 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||
| Total | $ | 13,015,148.37 | |||||||||||||||||||||||||||
| Principal Payment: | |||||||||||||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Regular Principal Payment | $ | 11,583,641.74 | |||||||||||||||||||||||||||
| Total | $ | 11,583,641.74 | |||||||||||||||||||||||||||
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 | $ | 9,268,854.66 | $ | 25.65 | $ | 9,964.02 | $ | 0.03 | $ | 9,278,818.68 | $ | 25.68 | |||||||||||||||||||||||
| Class A-4 Notes | $ | 2,314,787.08 | $ | 24.36 | $ | 123,552.00 | $ | 1.30 | $ | 2,438,339.08 | $ | 25.66 | |||||||||||||||||||||||
| 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 | $ | 11,583,641.74 | $ | 11.00 | $ | 221,234.69 | $ | 0.21 | $ | 11,804,876.43 | $ | 11.21 | |||||||||||||||||||||||
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Ford Credit Auto Owner Trust 2022-A
Monthly Investor Report
| Collection Period | May 2025 | ||||
| Payment Date | 6/16/2025 | ||||
| Transaction Month | 41 | ||||
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 | $ | 9,268,854.66 | 0.0256457 | $ | 0.00 | 0.0000000 | |||||||||||||||||
| Class A-4 Notes | $ | 95,040,000.00 | 1.0000000 | $ | 92,725,212.92 | 0.9756441 | |||||||||||||||||
| 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 | $ | 156,888,854.66 | 0.1490418 | $ | 145,305,212.92 | 0.1380375 | |||||||||||||||||
| Pool Information | |||||||||||
| Weighted Average APR | 2.684 | % | 2.697 | % | |||||||
| Weighted Average Remaining Term | 24.65 | 23.88 | |||||||||
| Number of Receivables Outstanding | 13,903 | 13,457 | |||||||||
| Pool Balance | $ | 189,689,156.11 | $ | 176,969,541.29 | |||||||
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 178,155,732.14 | $ | 166,381,296.18 | |||||||
| Pool Factor | 0.1654955 | 0.1543982 | |||||||||
VI. OVERCOLLATERALIZATION INFORMATION
| Specified Reserve Balance | $ | 2,631,648.59 | |||
| Yield Supplement Overcollateralization Amount | $ | 10,588,245.11 | |||
| Targeted Overcollateralization Amount | $ | 31,664,328.37 | |||
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 31,664,328.37 | |||
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 | May 2025 | ||||
| Payment Date | 6/16/2025 | ||||
| Transaction Month | 41 | ||||
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| # of Receivables | Amount | |||||||||||||||||||
| Current Collection Period Loss: | ||||||||||||||||||||
| Realized Loss (Charge-Offs) | 39 | $ | 113,614.03 | |||||||||||||||||
| (Recoveries) | 39 | $ | (9,755.32) | |||||||||||||||||
| Net Loss for Current Collection Period | $ | 123,369.35 | ||||||||||||||||||
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | 0.7805 | % | ||||||||||||||||||
| Prior and Current Collection Periods Average Loss: | ||||||||||||||||||||
| Ratio of Net Loss to the Average Pool Balance (annualized) | ||||||||||||||||||||
| Third Prior Collection Period | 0.8502 | % | ||||||||||||||||||
| Second Prior Collection Period | (0.2372) | % | ||||||||||||||||||
| Prior Collection Period | (0.2698) | % | ||||||||||||||||||
| Current Collection Period | 0.8075 | % | ||||||||||||||||||
| Four Month Average (Current and Prior Three Collection Periods) | 0.2877 | % | ||||||||||||||||||
| Cumulative Loss: | ||||||||||||||||||||
| Cumulative Realized Loss (Charge-Offs) | 1,496 | $ | 5,944,820.93 | |||||||||||||||||
| (Cumulative Recoveries) | $ | 1,620,967.14 | ||||||||||||||||||
| Cumulative Net Loss for All Collection Periods | $ | 4,323,853.79 | ||||||||||||||||||
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | 0.3772 | % | ||||||||||||||||||
| Average Realized Loss for Receivables that have experienced a Realized Loss | $ | 3,973.81 | ||||||||||||||||||
| Average Net Loss for Receivables that have experienced a Realized Loss | $ | 2,890.28 | ||||||||||||||||||
| % of EOP Pool Balance | # of Receivables | Amount | ||||||||||||||||||
| Delinquent Receivables: | ||||||||||||||||||||
| 31-60 Days Delinquent | 1.76 | % | 174 | $ | 3,121,980.51 | |||||||||||||||
| 61-90 Days Delinquent | 0.18 | % | 19 | $ | 319,880.68 | |||||||||||||||
| 91-120 Days Delinquent | 0.03 | % | 4 | $ | 49,231.99 | |||||||||||||||
| Over 120 Days Delinquent | 0.23 | % | 16 | $ | 410,157.39 | |||||||||||||||
| Total Delinquent Receivables | 2.20 | % | 213 | $ | 3,901,250.57 | |||||||||||||||
| Repossession Inventory: | ||||||||||||||||||||
| Repossessed in the Current Collection Period | 6 | $ | 176,225.48 | |||||||||||||||||
| Total Repossessed Inventory | 8 | $ | 258,680.46 | |||||||||||||||||
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | ||||||||||||||||||||
| Second Prior Collection Period | 0.2861 | % | ||||||||||||||||||
| Prior Collection Period | 0.3381 | % | ||||||||||||||||||
| Current Collection Period | 0.2898 | % | ||||||||||||||||||
| Three Month Average | 0.3047 | % | ||||||||||||||||||
| 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 | 0.4403 | % | ||||||||||||||||||
| Delinquency Trigger Occurred | No | |||||||||||||||||||
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Ford Credit Auto Owner Trust 2022-A
Monthly Investor Report
| Collection Period | May 2025 | ||||
| Payment Date | 6/16/2025 | ||||
| Transaction Month | 41 | ||||
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount | ||||||||||||
| 1 Month Extended | 47 | $894,617.39 | ||||||||||||
| 2 Months Extended | 58 | $1,312,113.37 | ||||||||||||
| 3+ Months Extended | 16 | $290,923.07 | ||||||||||||
| Total Receivables Extended | 121 | $2,497,653.83 | ||||||||||||
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 June 20, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on June 20, 2025 at 12:50 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]