Ford Credit Auto Owner Trust 2022-D
09/20/2024 | Press release | Distributed by Public on 09/20/2024 08:27
Asset Backed Issuer Distribution Report Form 10 D
Ford Credit Auto Owner Trust 2022-D
Monthly Investor Report
| Collection Period | August 2024 |
| Payment Date | 9/16/2024 |
| Transaction Month | 22 |
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 | 6.11353 | % | * | 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 | $ | 2,202,653.37 |
| Principal: | ||
| Principal Collections | $ | 20,048,566.99 |
| Prepayments in Full | $ | 10,977,334.28 |
| Liquidation Proceeds | $ | 318,645.65 |
| Recoveries | $ | 64,691.12 |
| Sub Total | $ | 31,409,238.04 |
| Collections | $ | 33,611,891.41 |
| Purchase Amounts: | ||
| Purchase Amounts Related to Principal | $ | 111,402.10 |
| Purchase Amounts Related to Interest | $ | 453.96 |
| Sub Total | $ | 111,856.06 |
| Clean-up Call | $ | 0.00 |
| Reserve Account Draw Amount | $ | 0.00 |
| Available Funds - Total | $ | 33,723,747.47 |
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Ford Credit Auto Owner Trust 2022-D
Monthly Investor Report
| Collection Period | August 2024 |
| Payment Date | 9/16/2024 |
| Transaction Month | 22 |
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 | $ | 33,723,747.47 |
| Servicing Fee | $ | 545,853.06 | $ | 545,853.06 | $ | 0.00 | $ | 0.00 | $ | 33,177,894.41 |
| Interest - Class A-1 Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 33,177,894.41 |
| Interest - Class A-2a Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 33,177,894.41 |
| Interest - Class A-2b Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 33,177,894.41 |
| Interest - Class A-3 Notes | $ | 1,846,553.06 | $ | 1,846,553.06 | $ | 0.00 | $ | 0.00 | $ | 31,331,341.35 |
| Interest - Class A-4 Notes | $ | 331,250.00 | $ | 331,250.00 | $ | 0.00 | $ | 0.00 | $ | 31,000,091.35 |
| First Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 31,000,091.35 |
| Interest - Class B Notes | $ | 196,742.00 | $ | 196,742.00 | $ | 0.00 | $ | 0.00 | $ | 30,803,349.35 |
| Second Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 30,803,349.35 |
| Interest - Class C Notes | $ | 141,581.67 | $ | 141,581.67 | $ | 0.00 | $ | 0.00 | $ | 30,661,767.68 |
| Reserve Account Deposit | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 30,661,767.68 |
| Regular Principal Payment | $ | 28,062,811.57 | $ | 28,062,811.57 | $ | 0.00 | $ | 0.00 | $ | 2,598,956.11 |
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 2,598,956.11 |
| Residual Released to Depositor | $ | 0.00 | $ | 2,598,956.11 | $ | 0.00 | $ | 0.00 | $ | 0.00 |
| Total | $ | 33,723,747.47 | ||||||||
| Principal Payment: | ||||||||||
| First Priority Principal Payment | $ | 0.00 | ||||||||
| Second Priority Principal Payment | $ | 0.00 | ||||||||
| Regular Principal Payment | $ | 28,062,811.57 | ||||||||
| Total | $ | 28,062,811.57 | ||||||||
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 | $ | 28,062,811.57 | $ | 60.96 | $ | 1,846,553.06 | $ | 4.01 | $ | 29,909,364.63 | $ | 64.97 |
| 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 | $ | 28,062,811.57 | $ | 21.33 | $ | 2,516,126.73 | $ | 1.91 | $ | 30,578,938.30 | $ | 23.24 |
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Ford Credit Auto Owner Trust 2022-D
Monthly Investor Report
| Collection Period | August 2024 |
| Payment Date | 9/16/2024 |
| Transaction Month | 22 |
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 | $ | 420,467,490.86 | 0.9133847 | $ | 392,404,679.29 | 0.8524236 |
| 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 | $ | 561,247,490.86 | 0.4265512 | $ | 533,184,679.29 | 0.4052233 |
| Pool Information | ||||
| Weighted Average APR | 4.054 | % | 4.071 | % |
| Weighted Average Remaining Term | 38.43 | 37.68 | ||
| Number of Receivables Outstanding | 28,565 | 27,658 | ||
| Pool Balance | $ | 655,023,676.62 | $ | 623,205,410.08 |
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 593,441,262.88 | $ | 564,901,177.31 |
| Pool Factor | 0.4452064 | 0.4235802 | ||
VI. OVERCOLLATERALIZATION INFORMATION
| Specified Reserve Balance | $ | 3,947,367.68 |
| Yield Supplement Overcollateralization Amount | $ | 58,304,232.77 |
| Targeted Overcollateralization Amount | $ | 90,020,730.79 |
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 90,020,730.79 |
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 | August 2024 |
| Payment Date | 9/16/2024 |
| Transaction Month | 22 |
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| # of Receivables | Amount | ||||
| Current Collection Period Loss: | |||||
| Realized Loss (Charge-Offs) | 68 | $ | 362,317.52 | ||
| (Recoveries) | 52 | $ | 64,691.12 | ||
| Net Loss for Current Collection Period | $ | 297,626.40 | |||
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | 0.5453 | % | |||
| Prior and Current Collection Periods Average Loss: | |||||
| Ratio of Net Loss to the Average Pool Balance (annualized) | |||||
| Third Prior Collection Period | 0.6157 | % | |||
| Second Prior Collection Period | 0.2098 | % | |||
| Prior Collection Period | 0.5686 | % | |||
| Current Collection Period | 0.5588 | % | |||
| Four Month Average (Current and Prior Three Collection Periods) | 0.4882 | % | |||
| Cumulative Loss: | |||||
| Cumulative Realized Loss (Charge-Offs) | 1,414 | $ | 7,230,733.60 | ||
| (Cumulative Recoveries) | $ | 971,342.63 | |||
| Cumulative Net Loss for All Collection Periods | $ | 6,259,390.97 | |||
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | 0.4254 | % | |||
| Average Realized Loss for Receivables that have experienced a Realized Loss | $ | 5,113.67 | |||
| Average Net Loss for Receivables that have experienced a Realized Loss | $ | 4,426.73 | |||
| % of EOP Pool Balance | # of Receivables | Amount | |||
| Delinquent Receivables: | |||||
| 31-60 Days Delinquent | 1.24 | % | 229 | $ | 7,746,098.53 |
| 61-90 Days Delinquent | 0.23 | % | 39 | $ | 1,422,256.15 |
| 91-120 Days Delinquent | 0.06 | % | 11 | $ | 371,346.32 |
| Over 120 Days Delinquent | 0.11 | % | 20 | $ | 691,895.44 |
| Total Delinquent Receivables | 1.64 | % | 299 | $ | 10,231,596.44 |
| Repossession Inventory: | |||||
| Repossessed in the Current Collection Period | 18 | $ | 668,510.45 | ||
| Total Repossessed Inventory | 33 | $ | 1,269,093.74 | ||
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | |||||
| Second Prior Collection Period | 0.2214 | % | |||
| Prior Collection Period | 0.2696 | % | |||
| Current Collection Period | 0.2531 | % | |||
| Three Month Average | 0.2480 | % | |||
| 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 | 0.3988 | % | |||
| Delinquency Trigger Occurred | No |
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Ford Credit Auto Owner Trust 2022-D
Monthly Investor Report
| Collection Period | August 2024 |
| Payment Date | 9/16/2024 |
| Transaction Month | 22 |
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount |
| 1 Month Extended | 86 | $2,740,447.75 |
| 2 Months Extended | 122 | $4,278,496.86 |
| 3+ Months Extended | 23 | $613,576.27 |
| Total Receivables Extended | 231 | $7,632,520.88 |
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 5, 2024 |
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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