Ford Credit Auto Owner Trust 2022-C
07/21/2025 | Press release | Distributed by Public on 07/21/2025 07:19
Asset-Backed Issuer Distribution Report (Form 10-D)
Ford Credit Auto Owner Trust 2022-C
Monthly Investor Report
| Collection Period | June 2025 | ||||
| Payment Date | 7/15/2025 | ||||
| Transaction Month | 34 | ||||
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 | $ | 1,745,303,060.82 | 52,430 | 54.7 months | |||||||||||||
| Dollar Amount | Note Interest Rate | Final Scheduled Payment Date | |||||||||||||||
| Original Securities | |||||||||||||||||
| Class A-1 Notes | $ | 304,740,000.00 | 3.633 | % | October 15, 2023 | ||||||||||||
| Class A-2a Notes | $ | 319,040,000.00 | 4.52 | % | April 15, 2025 | ||||||||||||
| Class A-2b Notes | $ | 200,000,000.00 | 4.82385 | % | * | April 15, 2025 | |||||||||||
| Class A-3 Notes | $ | 519,040,000.00 | 4.48 | % | December 15, 2026 | ||||||||||||
| Class A-4 Notes | $ | 157,180,000.00 | 4.59 | % | December 15, 2027 | ||||||||||||
| Class B Notes | $ | 47,370,000.00 | 5.03 | % | February 15, 2028 | ||||||||||||
| Class C Notes | $ | 31,570,000.00 | 5.22 | % | March 15, 2030 | ||||||||||||
| Total | $ | 1,578,940,000.00 | |||||||||||||||
| * 30-day average SOFR + 0.52% | |||||||||||||||||
II. AVAILABLE FUNDS
| Interest: | |||||
| Interest Collections | $ | 1,252,506.50 | |||
| Principal: | |||||
| Principal Collections | $ | 16,918,354.30 | |||
| Prepayments in Full | $ | 6,842,458.51 | |||
| Liquidation Proceeds | $ | 168,881.56 | |||
| Recoveries | $ | 190,969.58 | |||
| Sub Total | $ | 24,120,663.95 | |||
| Collections | $ | 25,373,170.45 | |||
| Purchase Amounts: | |||||
| Purchase Amounts Related to Principal | $ | 112,092.17 | |||
| Purchase Amounts Related to Interest | $ | 614.60 | |||
| Sub Total | $ | 112,706.77 | |||
| Clean-up Call | $0.00 | ||||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Available Funds - Total | $25,485,877.22 | ||||
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Ford Credit Auto Owner Trust 2022-C
Monthly Investor Report
| Collection Period | June 2025 | ||||
| Payment Date | 7/15/2025 | ||||
| Transaction Month | 34 | ||||
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 | $ | 25,485,877.22 | |||||||||||||||||||
| Servicing Fee | $ | 339,218.07 | $ | 339,218.07 | $ | 0.00 | $ | 0.00 | $ | 25,146,659.15 | |||||||||||||||||||
| Interest - Class A-1 Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 25,146,659.15 | |||||||||||||||||||
| Interest - Class A-2a Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 25,146,659.15 | |||||||||||||||||||
| Interest - Class A-2b Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 25,146,659.15 | |||||||||||||||||||
| Interest - Class A-3 Notes | $ | 401,582.76 | $ | 401,582.76 | $ | 0.00 | $ | 0.00 | $ | 24,745,076.39 | |||||||||||||||||||
| Interest - Class A-4 Notes | $ | 601,213.50 | $ | 601,213.50 | $ | 0.00 | $ | 0.00 | $ | 24,143,862.89 | |||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 24,143,862.89 | |||||||||||||||||||
| Interest - Class B Notes | $ | 198,559.25 | $ | 198,559.25 | $ | 0.00 | $ | 0.00 | $ | 23,945,303.64 | |||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 23,945,303.64 | |||||||||||||||||||
| Interest - Class C Notes | $ | 137,329.50 | $ | 137,329.50 | $ | 0.00 | $ | 0.00 | $ | 23,807,974.14 | |||||||||||||||||||
| Reserve Account Deposit | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 23,807,974.14 | |||||||||||||||||||
| Regular Principal Payment | $ | 21,684,152.87 | $ | 21,684,152.87 | $ | 0.00 | $ | 0.00 | $ | 2,123,821.27 | |||||||||||||||||||
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 2,123,821.27 | |||||||||||||||||||
| Residual Released to Depositor | $ | 0.00 | $ | 2,123,821.27 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||
| Total | $ | 25,485,877.22 | |||||||||||||||||||||||||||
| Principal Payment: | |||||||||||||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Regular Principal Payment | $ | 21,684,152.87 | |||||||||||||||||||||||||||
| Total | $ | 21,684,152.87 | |||||||||||||||||||||||||||
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 | $ | 21,684,152.87 | $ | 41.78 | $ | 401,582.76 | $ | 0.77 | $ | 22,085,735.63 | $ | 42.55 | |||||||||||||||||||||||
| Class A-4 Notes | $ | 0.00 | $ | 0.00 | $ | 601,213.50 | $ | 3.83 | $ | 601,213.50 | $ | 3.83 | |||||||||||||||||||||||
| Class B Notes | $ | 0.00 | $ | 0.00 | $ | 198,559.25 | $ | 4.19 | $ | 198,559.25 | $ | 4.19 | |||||||||||||||||||||||
| Class C Notes | $ | 0.00 | $ | 0.00 | $ | 137,329.50 | $ | 4.35 | $ | 137,329.50 | $ | 4.35 | |||||||||||||||||||||||
| Total | $ | 21,684,152.87 | $ | 13.73 | $ | 1,338,685.01 | $ | 0.85 | $ | 23,022,837.88 | $ | 14.58 | |||||||||||||||||||||||
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Ford Credit Auto Owner Trust 2022-C
Monthly Investor Report
| Collection Period | June 2025 | ||||
| Payment Date | 7/15/2025 | ||||
| Transaction Month | 34 | ||||
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 | $ | 107,566,809.57 | 0.2072418 | $ | 85,882,656.70 | 0.1654644 | |||||||||||||||||
| Class A-4 Notes | $ | 157,180,000.00 | 1.0000000 | $ | 157,180,000.00 | 1.0000000 | |||||||||||||||||
| Class B Notes | $ | 47,370,000.00 | 1.0000000 | $ | 47,370,000.00 | 1.0000000 | |||||||||||||||||
| Class C Notes | $ | 31,570,000.00 | 1.0000000 | $ | 31,570,000.00 | 1.0000000 | |||||||||||||||||
| Total | $ | 343,686,809.57 | 0.2176693 | $ | 322,002,656.70 | 0.2039360 | |||||||||||||||||
| Pool Information | |||||||||||
| Weighted Average APR | 3.715 | % | 3.748 | % | |||||||
| Weighted Average Remaining Term | 29.07 | 28.38 | |||||||||
| Number of Receivables Outstanding | 24,175 | 23,231 | |||||||||
| Pool Balance | $ | 407,061,687.45 | $ | 382,814,430.17 | |||||||
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 376,634,844.02 | $ | 354,586,982.29 | |||||||
| Pool Factor | 0.2332327 | 0.2193398 | |||||||||
VI. OVERCOLLATERALIZATION INFORMATION
| Specified Reserve Balance | $ | 4,736,842.79 | |||
| Yield Supplement Overcollateralization Amount | $ | 28,227,447.88 | |||
| Targeted Overcollateralization Amount | $ | 60,811,773.47 | |||
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 60,811,773.47 | |||
VII. RECONCILIATION OF RESERVE ACCOUNT
| Beginning Reserve Account Balance | $ | 4,736,842.79 | |||
| Reserve Account Deposits Made | $ | 0.00 | |||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Ending Reserve Account Balance | $ | 4,736,842.79 | |||
| Change in Reserve Account Balance | $ | 0.00 | |||
| Specified Reserve Balance | $ | 4,736,842.79 | |||
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Ford Credit Auto Owner Trust 2022-C
Monthly Investor Report
| Collection Period | June 2025 | ||||
| Payment Date | 7/15/2025 | ||||
| Transaction Month | 34 | ||||
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| # of Receivables | Amount | ||||||||||||||||
| Current Collection Period Loss: | |||||||||||||||||
| Realized Loss (Charge-Offs) | 82 | $ | 205,470.74 | ||||||||||||||
| (Recoveries) | 94 | $ | 190,969.58 | ||||||||||||||
| Net Loss for Current Collection Period | $ | 14,501.16 | |||||||||||||||
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | 0.0427 | % | |||||||||||||||
| Prior and Current Collection Periods Average Loss: | |||||||||||||||||
| Ratio of Net Loss to the Average Pool Balance (annualized) | |||||||||||||||||
| Third Prior Collection Period | 0.4004 | % | |||||||||||||||
| Second Prior Collection Period | 0.5386 | % | |||||||||||||||
| Prior Collection Period | 0.7352 | % | |||||||||||||||
| Current Collection Period | 0.0441 | % | |||||||||||||||
| Four Month Average (Current and Prior Three Collection Periods) | 0.4296 | % | |||||||||||||||
| Cumulative Loss: | |||||||||||||||||
| Cumulative Realized Loss (Charge-Offs) | 2,429 | $ | 12,858,040.18 | ||||||||||||||
| (Cumulative Recoveries) | $ | 2,268,817.74 | |||||||||||||||
| Cumulative Net Loss for All Collection Periods | $ | 10,589,222.44 | |||||||||||||||
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | 0.6067 | % | |||||||||||||||
| Average Realized Loss for Receivables that have experienced a Realized Loss | $ | 5,293.55 | |||||||||||||||
| Average Net Loss for Receivables that have experienced a Realized Loss | $ | 4,359.50 | |||||||||||||||
| % of EOP Pool Balance | # of Receivables | Amount | |||||||||||||||
| Delinquent Receivables: | |||||||||||||||||
| 31-60 Days Delinquent | 2.04 | % | 300 | $ | 7,798,955.29 | ||||||||||||
| 61-90 Days Delinquent | 0.38 | % | 50 | $ | 1,448,614.89 | ||||||||||||
| 91-120 Days Delinquent | 0.11 | % | 12 | $ | 432,377.50 | ||||||||||||
| Over 120 Days Delinquent | 0.23 | % | 33 | $ | 893,786.51 | ||||||||||||
| Total Delinquent Receivables | 2.76 | % | 395 | $ | 10,573,734.19 | ||||||||||||
| Repossession Inventory: | |||||||||||||||||
| Repossessed in the Current Collection Period | 14 | $ | 413,041.26 | ||||||||||||||
| Total Repossessed Inventory | 20 | $ | 560,704.63 | ||||||||||||||
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | |||||||||||||||||
| Second Prior Collection Period | 0.3308 | % | |||||||||||||||
| Prior Collection Period | 0.3351 | % | |||||||||||||||
| Current Collection Period | 0.4089 | % | |||||||||||||||
| Three Month Average | 0.3583 | % | |||||||||||||||
| 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 | 0.7248 | % | |||||||||||||||
| Delinquency Trigger Occurred | No | ||||||||||||||||
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Ford Credit Auto Owner Trust 2022-C
Monthly Investor Report
| Collection Period | June 2025 | ||||
| Payment Date | 7/15/2025 | ||||
| Transaction Month | 34 | ||||
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount | ||||||||||||
| 1 Month Extended | 80 | $2,139,233.97 | ||||||||||||
| 2 Months Extended | 131 | $3,393,962.96 | ||||||||||||
| 3+ Months Extended | 18 | $402,277.75 | ||||||||||||
| Total Receivables Extended | 229 | $5,935,474.68 | ||||||||||||
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-C published this content on July 21, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on July 21, 2025 at 13:19 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at support@pubt.io