Ford Credit Auto Owner Trust 2022-A
03/21/2025 | Press release | Distributed by Public on 03/21/2025 07:00
Asset-Backed Issuer Distribution Report (Form 10-D)
Ford Credit Auto Owner Trust 2022-A
Monthly Investor Report
| Collection Period | February 2025 | ||||
| Payment Date | 3/17/2025 | ||||
| Transaction Month | 38 | ||||
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 | $ | 499,309.57 | |||
| Principal: | |||||
| Principal Collections | $ | 9,639,120.20 | |||
| Prepayments in Full | $ | 3,644,834.01 | |||
| Liquidation Proceeds | $ | 54,946.98 | |||
| Recoveries | $ | 34,601.87 | |||
| Sub Total | $ | 13,373,503.06 | |||
| Collections | $ | 13,872,812.63 | |||
| Purchase Amounts: | |||||
| Purchase Amounts Related to Principal | $ | 5,103.22 | |||
| Purchase Amounts Related to Interest | $ | 33.53 | |||
| Sub Total | $ | 5,136.75 | |||
| Clean-up Call | $ | 0.00 | |||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Available Funds - Total | $ | 13,877,949.38 | |||
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Ford Credit Auto Owner Trust 2022-A
Monthly Investor Report
| Collection Period | February 2025 | ||||
| Payment Date | 3/17/2025 | ||||
| Transaction Month | 38 | ||||
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 | $ | 13,877,949.38 | |||||||||||||||||||
| Servicing Fee | $ | 191,423.95 | $ | 191,423.95 | $ | 0.00 | $ | 0.00 | $ | 13,686,525.43 | |||||||||||||||||||
| Interest - Class A-1 Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 13,686,525.43 | |||||||||||||||||||
| Interest - Class A-2 Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 13,686,525.43 | |||||||||||||||||||
| Interest - Class A-3 Notes | $ | 48,982.11 | $ | 48,982.11 | $ | 0.00 | $ | 0.00 | $ | 13,637,543.32 | |||||||||||||||||||
| Interest - Class A-4 Notes | $ | 123,552.00 | $ | 123,552.00 | $ | 0.00 | $ | 0.00 | $ | 13,513,991.32 | |||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 13,513,991.32 | |||||||||||||||||||
| Interest - Class B Notes | $ | 50,233.00 | $ | 50,233.00 | $ | 0.00 | $ | 0.00 | $ | 13,463,758.32 | |||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 13,463,758.32 | |||||||||||||||||||
| Interest - Class C Notes | $ | 37,485.67 | $ | 37,485.67 | $ | 0.00 | $ | 0.00 | $ | 13,426,272.65 | |||||||||||||||||||
| Reserve Account Deposit | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 13,426,272.65 | |||||||||||||||||||
| Regular Principal Payment | $ | 12,244,315.67 | $ | 12,244,315.67 | $ | 0.00 | $ | 0.00 | $ | 1,181,956.98 | |||||||||||||||||||
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 1,181,956.98 | |||||||||||||||||||
| Residual Released to Depositor | $ | 0.00 | $ | 1,181,956.98 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||
| Total | $ | 13,877,949.38 | |||||||||||||||||||||||||||
| Principal Payment: | |||||||||||||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Regular Principal Payment | $ | 12,244,315.67 | |||||||||||||||||||||||||||
| Total | $ | 12,244,315.67 | |||||||||||||||||||||||||||
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 | $ | 12,244,315.67 | $ | 33.88 | $ | 48,982.11 | $ | 0.14 | $ | 12,293,297.78 | $ | 34.02 | |||||||||||||||||||||||
| 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 | $ | 12,244,315.67 | $ | 11.63 | $ | 260,252.78 | $ | 0.25 | $ | 12,504,568.45 | $ | 11.88 | |||||||||||||||||||||||
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Ford Credit Auto Owner Trust 2022-A
Monthly Investor Report
| Collection Period | February 2025 | ||||
| Payment Date | 3/17/2025 | ||||
| Transaction Month | 38 | ||||
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 | $ | 45,564,756.31 | 0.1260715 | $ | 33,320,440.64 | 0.0921931 | |||||||||||||||||
| 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 | $ | 193,184,756.31 | 0.1835223 | $ | 180,940,440.64 | 0.1718904 | |||||||||||||||||
| Pool Information | |||||||||||
| Weighted Average APR | 2.652 | % | 2.664 | % | |||||||
| Weighted Average Remaining Term | 26.95 | 26.16 | |||||||||
| Number of Receivables Outstanding | 15,112 | 14,747 | |||||||||
| Pool Balance | $ | 229,708,745.33 | $ | 216,172,190.20 | |||||||
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 215,051,927.63 | $ | 202,604,563.63 | |||||||
| Pool Factor | 0.2004109 | 0.1886008 | |||||||||
VI. OVERCOLLATERALIZATION INFORMATION
| Specified Reserve Balance | $ | 2,631,648.59 | |||
| Yield Supplement Overcollateralization Amount | $ | 13,567,626.57 | |||
| Targeted Overcollateralization Amount | $ | 35,231,749.56 | |||
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 35,231,749.56 | |||
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 | February 2025 | ||||
| Payment Date | 3/17/2025 | ||||
| Transaction Month | 38 | ||||
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| # of Receivables | Amount | |||||||||||||||||||
| Current Collection Period Loss: | ||||||||||||||||||||
| Realized Loss (Charge-Offs) | 33 | $ | 192,550.72 | |||||||||||||||||
| (Recoveries) | 37 | $ | 34,601.87 | |||||||||||||||||
| Net Loss for Current Collection Period | $ | 157,948.85 | ||||||||||||||||||
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | 0.8251 | % | ||||||||||||||||||
| Prior and Current Collection Periods Average Loss: | ||||||||||||||||||||
| Ratio of Net Loss to the Average Pool Balance (annualized) | ||||||||||||||||||||
| Third Prior Collection Period | 0.3738 | % | ||||||||||||||||||
| Second Prior Collection Period | 0.2470 | % | ||||||||||||||||||
| Prior Collection Period | 0.7535 | % | ||||||||||||||||||
| Current Collection Period | 0.8502 | % | ||||||||||||||||||
| Four Month Average (Current and Prior Three Collection Periods) | 0.5561 | % | ||||||||||||||||||
| Cumulative Loss: | ||||||||||||||||||||
| Cumulative Realized Loss (Charge-Offs) | 1,379 | $ | 5,623,780.11 | |||||||||||||||||
| (Cumulative Recoveries) | $ | 1,337,742.45 | ||||||||||||||||||
| Cumulative Net Loss for All Collection Periods | $ | 4,286,037.66 | ||||||||||||||||||
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | 0.3739 | % | ||||||||||||||||||
| Average Realized Loss for Receivables that have experienced a Realized Loss | $ | 4,078.16 | ||||||||||||||||||
| Average Net Loss for Receivables that have experienced a Realized Loss | $ | 3,108.08 | ||||||||||||||||||
| % of EOP Pool Balance | # of Receivables | Amount | ||||||||||||||||||
| Delinquent Receivables: | ||||||||||||||||||||
| 31-60 Days Delinquent | 1.57 | % | 163 | $ | 3,394,184.54 | |||||||||||||||
| 61-90 Days Delinquent | 0.20 | % | 21 | $ | 426,797.52 | |||||||||||||||
| 91-120 Days Delinquent | 0.09 | % | 7 | $ | 185,299.80 | |||||||||||||||
| Over 120 Days Delinquent | 0.20 | % | 16 | $ | 427,226.54 | |||||||||||||||
| Total Delinquent Receivables | 2.05 | % | 207 | $ | 4,433,508.40 | |||||||||||||||
| Repossession Inventory: | ||||||||||||||||||||
| Repossessed in the Current Collection Period | 6 | $ | 125,808.20 | |||||||||||||||||
| Total Repossessed Inventory | 13 | $ | 269,620.24 | |||||||||||||||||
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | ||||||||||||||||||||
| Second Prior Collection Period | 0.3218 | % | ||||||||||||||||||
| Prior Collection Period | 0.3242 | % | ||||||||||||||||||
| Current Collection Period | 0.2984 | % | ||||||||||||||||||
| Three Month Average | 0.3148 | % | ||||||||||||||||||
| 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 | 0.4808 | % | ||||||||||||||||||
| Delinquency Trigger Occurred | No | |||||||||||||||||||
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Ford Credit Auto Owner Trust 2022-A
Monthly Investor Report
| Collection Period | February 2025 | ||||
| Payment Date | 3/17/2025 | ||||
| Transaction Month | 38 | ||||
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount | ||||||||||||
| 1 Month Extended | 33 | $644,042.39 | ||||||||||||
| 2 Months Extended | 63 | $1,416,245.21 | ||||||||||||
| 3+ Months Extended | 16 | $360,100.99 | ||||||||||||
| Total Receivables Extended | 112 | $2,420,388.59 | ||||||||||||
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 March 21, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on March 21, 2025 at 13:00 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]