Ford Credit Auto Owner Trust 2023-A
03/19/2026 | Press release | Distributed by Public on 03/19/2026 08:30
Asset-Backed Issuer Distribution Report (Form 10-D)
Ford Credit Auto Owner Trust 2023-A
Monthly Investor Report
| Collection Period | February 2026 | ||||
| Payment Date | 3/16/2026 | ||||
| Transaction Month | 36 | ||||
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 | $ | 1,732,167,317.56 | 48,752 | 57.8 months | |||||||||||||
| Dollar Amount | Note Interest Rate | Final Scheduled Payment Date | |||||||||||||||
| Original Securities | |||||||||||||||||
| Class A-1 Notes | $ | 300,000,000.00 | 5.028 | % | April 15, 2024 | ||||||||||||
| Class A-2a Notes | $ | 359,000,000.00 | 5.14 | % | March 15, 2026 | ||||||||||||
| Class A-2b Notes | $ | 235,000,000.00 | 4.37819 | % | * | March 15, 2026 | |||||||||||
| Class A-3 Notes | $ | 510,000,000.00 | 4.65 | % | February 15, 2028 | ||||||||||||
| Class A-4 Notes | $ | 96,000,000.00 | 4.56 | % | December 15, 2028 | ||||||||||||
| Class B Notes | $ | 47,330,000.00 | 5.07 | % | January 15, 2029 | ||||||||||||
| Class C Notes | $ | 31,610,000.00 | 5.51 | % | September 15, 2030 | ||||||||||||
| Total | $ | 1,578,940,000.00 | |||||||||||||||
| * 30-day average SOFR + 0.72% | |||||||||||||||||
II. AVAILABLE FUNDS
| Interest: | |||||
| Interest Collections | $ | 1,692,342.41 | |||
| Principal: | |||||
| Principal Collections | $ | 13,659,930.95 | |||
| Prepayments in Full | $ | 6,598,955.66 | |||
| Liquidation Proceeds | $ | 226,933.46 | |||
| Recoveries | $ | 217,304.72 | |||
| Sub Total | $ | 20,703,124.79 | |||
| Collections | $ | 22,395,467.20 | |||
| Purchase Amounts: | |||||
| Purchase Amounts Related to Principal | $ | 32,213.67 | |||
| Purchase Amounts Related to Interest | $ | 272.53 | |||
| Sub Total | $ | 32,486.20 | |||
| Clean-up Call | $ | 0.00 | |||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Available Funds - Total | $ | 22,427,953.40 | |||
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Ford Credit Auto Owner Trust 2023-A
Monthly Investor Report
| Collection Period | February 2026 | ||||
| Payment Date | 3/16/2026 | ||||
| Transaction Month | 36 | ||||
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 | $ | 22,427,953.40 | |||||||||||||||||||
| Servicing Fee | $ | 322,914.33 | $ | 322,914.33 | $ | 0.00 | $ | 0.00 | $ | 22,105,039.07 | |||||||||||||||||||
| Interest - Class A-1 Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 22,105,039.07 | |||||||||||||||||||
| Interest - Class A-2a Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 22,105,039.07 | |||||||||||||||||||
| Interest - Class A-2b Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 22,105,039.07 | |||||||||||||||||||
| Interest - Class A-3 Notes | $ | 586,813.50 | $ | 586,813.50 | $ | 0.00 | $ | 0.00 | $ | 21,518,225.57 | |||||||||||||||||||
| Interest - Class A-4 Notes | $ | 364,800.00 | $ | 364,800.00 | $ | 0.00 | $ | 0.00 | $ | 21,153,425.57 | |||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 21,153,425.57 | |||||||||||||||||||
| Interest - Class B Notes | $ | 199,969.25 | $ | 199,969.25 | $ | 0.00 | $ | 0.00 | $ | 20,953,456.32 | |||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 20,953,456.32 | |||||||||||||||||||
| Interest - Class C Notes | $ | 145,142.58 | $ | 145,142.58 | $ | 0.00 | $ | 0.00 | $ | 20,808,313.74 | |||||||||||||||||||
| Reserve Account Deposit | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 20,808,313.74 | |||||||||||||||||||
| Regular Principal Payment | $ | 18,766,518.51 | $ | 18,766,518.51 | $ | 0.00 | $ | 0.00 | $ | 2,041,795.23 | |||||||||||||||||||
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 2,041,795.23 | |||||||||||||||||||
| Residual Released to Depositor | $ | 0.00 | $ | 2,041,795.23 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||
| Total | $ | 22,427,953.40 | |||||||||||||||||||||||||||
| Principal Payment: | |||||||||||||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Regular Principal Payment | $ | 18,766,518.51 | |||||||||||||||||||||||||||
| Total | $ | 18,766,518.51 | |||||||||||||||||||||||||||
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 | $ | 18,766,518.51 | $ | 36.80 | $ | 586,813.50 | $ | 1.15 | $ | 19,353,332.01 | $ | 37.95 | |||||||||||||||||||||||
| Class A-4 Notes | $ | 0.00 | $ | 0.00 | $ | 364,800.00 | $ | 3.80 | $ | 364,800.00 | $ | 3.80 | |||||||||||||||||||||||
| Class B Notes | $ | 0.00 | $ | 0.00 | $ | 199,969.25 | $ | 4.23 | $ | 199,969.25 | $ | 4.23 | |||||||||||||||||||||||
| Class C Notes | $ | 0.00 | $ | 0.00 | $ | 145,142.58 | $ | 4.59 | $ | 145,142.58 | $ | 4.59 | |||||||||||||||||||||||
| Total | $ | 18,766,518.51 | $ | 11.89 | $ | 1,296,725.33 | $ | 0.82 | $ | 20,063,243.84 | $ | 12.71 | |||||||||||||||||||||||
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Ford Credit Auto Owner Trust 2023-A
Monthly Investor Report
| Collection Period | February 2026 | ||||
| Payment Date | 3/16/2026 | ||||
| Transaction Month | 36 | ||||
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 | $ | 151,435,743.12 | 0.2969328 | $ | 132,669,224.61 | 0.2601357 | |||||||||||||||||
| Class A-4 Notes | $ | 96,000,000.00 | 1.0000000 | $ | 96,000,000.00 | 1.0000000 | |||||||||||||||||
| Class B Notes | $ | 47,330,000.00 | 1.0000000 | $ | 47,330,000.00 | 1.0000000 | |||||||||||||||||
| Class C Notes | $ | 31,610,000.00 | 1.0000000 | $ | 31,610,000.00 | 1.0000000 | |||||||||||||||||
| Total | $ | 326,375,743.12 | 0.2067056 | $ | 307,609,224.61 | 0.1948201 | |||||||||||||||||
| Pool Information | |||||||||||
| Weighted Average APR | 5.536 | % | 5.571 | % | |||||||
| Weighted Average Remaining Term | 31.57 | 30.87 | |||||||||
| Number of Receivables Outstanding | 20,155 | 19,108 | |||||||||
| Pool Balance | $ | 387,497,196.70 | $ | 366,593,140.95 | |||||||
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 359,819,787.44 | $ | 340,739,708.09 | |||||||
| Pool Factor | 0.2237066 | 0.2116384 | |||||||||
VI. OVERCOLLATERALIZATION INFORMATION
| Specified Reserve Balance | $ | 3,947,369.48 | |||
| Yield Supplement Overcollateralization Amount | $ | 25,853,432.86 | |||
| Targeted Overcollateralization Amount | $ | 58,983,916.34 | |||
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 58,983,916.34 | |||
VII. RECONCILIATION OF RESERVE ACCOUNT
| Beginning Reserve Account Balance | $ | 3,947,369.48 | |||
| Reserve Account Deposits Made | $ | 0.00 | |||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Ending Reserve Account Balance | $ | 3,947,369.48 | |||
| Change in Reserve Account Balance | $ | 0.00 | |||
| Specified Reserve Balance | $ | 3,947,369.48 | |||
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Ford Credit Auto Owner Trust 2023-A
Monthly Investor Report
| Collection Period | February 2026 | ||||
| Payment Date | 3/16/2026 | ||||
| Transaction Month | 36 | ||||
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| # of Receivables | Amount | ||||||||||||||||
| Current Collection Period Loss: | |||||||||||||||||
| Realized Loss (Charge-Offs) | 78 | $ | 386,022.01 | ||||||||||||||
| (Recoveries) | 97 | $ | 217,304.72 | ||||||||||||||
| Net Loss for Current Collection Period | $ | 168,717.29 | |||||||||||||||
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | 0.5225 | % | |||||||||||||||
| Prior and Current Collection Periods Average Loss: | |||||||||||||||||
| Ratio of Net Loss to the Average Pool Balance (annualized) | |||||||||||||||||
| Third Prior Collection Period | 0.3405 | % | |||||||||||||||
| Second Prior Collection Period | 1.4028 | % | |||||||||||||||
| Prior Collection Period | 0.6126 | % | |||||||||||||||
| Current Collection Period | 0.5370 | % | |||||||||||||||
| Four Month Average (Current and Prior Three Collection Periods) | 0.7232 | % | |||||||||||||||
| Cumulative Loss: | |||||||||||||||||
| Cumulative Realized Loss (Charge-Offs) | 2,770 | $ | 16,233,240.13 | ||||||||||||||
| (Cumulative Recoveries) | $ | 2,891,780.87 | |||||||||||||||
| Cumulative Net Loss for All Collection Periods | $ | 13,341,459.26 | |||||||||||||||
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | 0.7702 | % | |||||||||||||||
| Average Realized Loss for Receivables that have experienced a Realized Loss | $ | 5,860.38 | |||||||||||||||
| Average Net Loss for Receivables that have experienced a Realized Loss | $ | 4,816.41 | |||||||||||||||
| % of EOP Pool Balance | # of Receivables | Amount | |||||||||||||||
| Delinquent Receivables: | |||||||||||||||||
| 31-60 Days Delinquent | 1.70 | % | 226 | $ | 6,243,753.05 | ||||||||||||
| 61-90 Days Delinquent | 0.33 | % | 38 | $ | 1,207,525.87 | ||||||||||||
| 91-120 Days Delinquent | 0.11 | % | 10 | $ | 409,118.89 | ||||||||||||
| Over 120 Days Delinquent | 0.18 | % | 28 | $ | 669,159.89 | ||||||||||||
| Total Delinquent Receivables | 2.33 | % | 302 | $ | 8,529,557.70 | ||||||||||||
| Repossession Inventory: | |||||||||||||||||
| Repossessed in the Current Collection Period | 22 | $ | 695,772.85 | ||||||||||||||
| Total Repossessed Inventory | 28 | $ | 902,993.04 | ||||||||||||||
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | |||||||||||||||||
| Second Prior Collection Period | 0.3700 | % | |||||||||||||||
| Prior Collection Period | 0.4664 | % | |||||||||||||||
| Current Collection Period | 0.3977 | % | |||||||||||||||
| Three Month Average | 0.4114 | % | |||||||||||||||
| Delinquency Trigger (61+ Delinquent Receivables) | |||||||||||||||||
| Transaction Month | Trigger | ||||||||||||||||
| 1-12 | 0.80% | ||||||||||||||||
| 13-24 | 1.50% | ||||||||||||||||
| 25-36 | 2.60% | ||||||||||||||||
| 37+ | 4.40% | ||||||||||||||||
| 61+ Delinquent Receivables Balance to EOP Pool Balance | 0.6235 | % | |||||||||||||||
| Delinquency Trigger Occurred | No | ||||||||||||||||
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Ford Credit Auto Owner Trust 2023-A
Monthly Investor Report
| Collection Period | February 2026 | ||||
| Payment Date | 3/16/2026 | ||||
| Transaction Month | 36 | ||||
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount | ||||||||||||
| 1 Month Extended | 55 | $1,624,537.15 | ||||||||||||
| 2 Months Extended | 82 | $2,255,434.26 | ||||||||||||
| 3+ Months Extended | 29 | $868,467.68 | ||||||||||||
| Total Receivables Extended | 166 | $4,748,439.09 | ||||||||||||
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 6, 2026 | ||
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 2023-A published this content on March 19, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on March 19, 2026 at 14:30 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]