Ford Credit Auto Owner Trust 2022-D
03/21/2025 | Press release | Distributed by Public on 03/21/2025 07:11
Asset-Backed Issuer Distribution Report (Form 10-D)
Ford Credit Auto Owner Trust 2022-D
Monthly Investor Report
| Collection Period | February 2025 | ||||
| Payment Date | 3/17/2025 | ||||
| Transaction Month | 28 | ||||
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 | 5.09864 | % | * | 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 | $ | 1,666,165.73 | |||
| Principal: | |||||
| Principal Collections | $ | 16,869,187.47 | |||
| Prepayments in Full | $ | 6,878,310.75 | |||
| Liquidation Proceeds | $ | 134,452.91 | |||
| Recoveries | $ | 67,175.47 | |||
| Sub Total | $ | 23,949,126.60 | |||
| Collections | $ | 25,615,292.33 | |||
| Purchase Amounts: | |||||
| Purchase Amounts Related to Principal | $ | 18,429.17 | |||
| Purchase Amounts Related to Interest | $ | 82.53 | |||
| Sub Total | $ | 18,511.70 | |||
| Clean-up Call | $ | 0.00 | |||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Available Funds - Total | $25,633,804.03 | ||||
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Ford Credit Auto Owner Trust 2022-D
Monthly Investor Report
| Collection Period | February 2025 | ||||
| Payment Date | 3/17/2025 | ||||
| Transaction Month | 28 | ||||
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 | $ | 25,633,804.03 | |||||||||||||||||||
| Servicing Fee | $ | 403,862.45 | $ | 403,862.45 | $ | 0.00 | $ | 0.00 | $ | 25,229,941.58 | |||||||||||||||||||
| Interest - Class A-1 Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 25,229,941.58 | |||||||||||||||||||
| Interest - Class A-2a Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 25,229,941.58 | |||||||||||||||||||
| Interest - Class A-2b Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 25,229,941.58 | |||||||||||||||||||
| Interest - Class A-3 Notes | $ | 1,188,856.91 | $ | 1,188,856.91 | $ | 0.00 | $ | 0.00 | $ | 24,041,084.67 | |||||||||||||||||||
| Interest - Class A-4 Notes | $ | 331,250.00 | $ | 331,250.00 | $ | 0.00 | $ | 0.00 | $ | 23,709,834.67 | |||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 23,709,834.67 | |||||||||||||||||||
| Interest - Class B Notes | $ | 196,742.00 | $ | 196,742.00 | $ | 0.00 | $ | 0.00 | $ | 23,513,092.67 | |||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 23,513,092.67 | |||||||||||||||||||
| Interest - Class C Notes | $ | 141,581.67 | $ | 141,581.67 | $ | 0.00 | $ | 0.00 | $ | 23,371,511.00 | |||||||||||||||||||
| Reserve Account Deposit | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 23,371,511.00 | |||||||||||||||||||
| Regular Principal Payment | $ | 21,211,899.60 | $ | 21,211,899.60 | $ | 0.00 | $ | 0.00 | $ | 2,159,611.40 | |||||||||||||||||||
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 2,159,611.40 | |||||||||||||||||||
| Residual Released to Depositor | $ | 0.00 | $ | 2,159,611.40 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||
| Total | $ | 25,633,804.03 | |||||||||||||||||||||||||||
| Principal Payment: | |||||||||||||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Regular Principal Payment | $ | 21,211,899.60 | |||||||||||||||||||||||||||
| Total | $ | 21,211,899.60 | |||||||||||||||||||||||||||
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 | $ | 21,211,899.60 | $ | 46.08 | $ | 1,188,856.91 | $ | 2.58 | $ | 22,400,756.51 | $ | 48.66 | |||||||||||||||||||||||
| 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 | $ | 21,211,899.60 | $ | 16.12 | $ | 1,858,430.58 | $ | 1.41 | $ | 23,070,330.18 | $ | 17.53 | |||||||||||||||||||||||
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Ford Credit Auto Owner Trust 2022-D
Monthly Investor Report
| Collection Period | February 2025 | ||||
| Payment Date | 3/17/2025 | ||||
| Transaction Month | 28 | ||||
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 | $ | 270,707,454.69 | 0.5880598 | $ | 249,495,555.09 | 0.5419810 | |||||||||||||||||
| 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 | $ | 411,487,454.69 | 0.3127327 | $ | 390,275,555.09 | 0.2966116 | |||||||||||||||||
| Pool Information | |||||||||||
| Weighted Average APR | 4.193 | % | 4.222 | % | |||||||
| Weighted Average Remaining Term | 34.08 | 33.40 | |||||||||
| Number of Receivables Outstanding | 24,165 | 23,547 | |||||||||
| Pool Balance | $ | 484,634,941.32 | $ | 460,414,479.32 | |||||||
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 441,125,395.68 | $ | 419,550,189.15 | |||||||
| Pool Factor | 0.3293966 | 0.3129344 | |||||||||
VI. OVERCOLLATERALIZATION INFORMATION
| Specified Reserve Balance | $ | 3,947,367.68 | |||
| Yield Supplement Overcollateralization Amount | $ | 40,864,290.17 | |||
| Targeted Overcollateralization Amount | $ | 70,138,924.23 | |||
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 70,138,924.23 | |||
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 | February 2025 | ||||
| Payment Date | 3/17/2025 | ||||
| Transaction Month | 28 | ||||
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| # of Receivables | Amount | ||||||||||||||||
| Current Collection Period Loss: | |||||||||||||||||
| Realized Loss (Charge-Offs) | 55 | $ | 320,081.70 | ||||||||||||||
| (Recoveries) | 74 | $ | 67,175.47 | ||||||||||||||
| Net Loss for Current Collection Period | $ | 252,906.23 | |||||||||||||||
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | 0.6262 | % | |||||||||||||||
| Prior and Current Collection Periods Average Loss: | |||||||||||||||||
| Ratio of Net Loss to the Average Pool Balance (annualized) | |||||||||||||||||
| Third Prior Collection Period | 0.8019 | % | |||||||||||||||
| Second Prior Collection Period | 1.5711 | % | |||||||||||||||
| Prior Collection Period | 1.6774 | % | |||||||||||||||
| Current Collection Period | 0.6423 | % | |||||||||||||||
| Four Month Average (Current and Prior Three Collection Periods) | 1.1732 | % | |||||||||||||||
| Cumulative Loss: | |||||||||||||||||
| Cumulative Realized Loss (Charge-Offs) | 1,863 | $ | 10,414,719.70 | ||||||||||||||
| (Cumulative Recoveries) | $ | 1,428,396.04 | |||||||||||||||
| Cumulative Net Loss for All Collection Periods | $ | 8,986,323.66 | |||||||||||||||
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | 0.6108 | % | |||||||||||||||
| Average Realized Loss for Receivables that have experienced a Realized Loss | $ | 5,590.30 | |||||||||||||||
| Average Net Loss for Receivables that have experienced a Realized Loss | $ | 4,823.58 | |||||||||||||||
| % of EOP Pool Balance | # of Receivables | Amount | |||||||||||||||
| Delinquent Receivables: | |||||||||||||||||
| 31-60 Days Delinquent | 1.39 | % | 225 | $ | 6,398,105.47 | ||||||||||||
| 61-90 Days Delinquent | 0.19 | % | 33 | $ | 868,718.76 | ||||||||||||
| 91-120 Days Delinquent | 0.09 | % | 15 | $ | 416,618.14 | ||||||||||||
| Over 120 Days Delinquent | 0.19 | % | 24 | $ | 855,119.53 | ||||||||||||
| Total Delinquent Receivables | 1.85 | % | 297 | $ | 8,538,561.90 | ||||||||||||
| Repossession Inventory: | |||||||||||||||||
| Repossessed in the Current Collection Period | 12 | $ | 355,851.68 | ||||||||||||||
| Total Repossessed Inventory | 16 | $ | 586,678.82 | ||||||||||||||
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | |||||||||||||||||
| Second Prior Collection Period | 0.3345 | % | |||||||||||||||
| Prior Collection Period | 0.3352 | % | |||||||||||||||
| Current Collection Period | 0.3058 | % | |||||||||||||||
| Three Month Average | 0.3252 | % | |||||||||||||||
| 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 | 0.4649 | % | |||||||||||||||
| Delinquency Trigger Occurred | No | ||||||||||||||||
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Ford Credit Auto Owner Trust 2022-D
Monthly Investor Report
| Collection Period | February 2025 | ||||
| Payment Date | 3/17/2025 | ||||
| Transaction Month | 28 | ||||
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount | ||||||||||||
| 1 Month Extended | 56 | $1,740,184.83 | ||||||||||||
| 2 Months Extended | 106 | $3,323,977.84 | ||||||||||||
| 3+ Months Extended | 28 | $725,250.95 | ||||||||||||
| Total Receivables Extended | 190 | $5,789,413.62 | ||||||||||||
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 March 21, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on March 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]