Ford Credit Auto Owner Trust 2022-A
04/23/2025 | Press release | Distributed by Public on 04/23/2025 07:15
Asset-Backed Issuer Distribution Report (Form 10-D)
Ford Credit Auto Owner Trust 2022-A
Monthly Investor Report
| Collection Period | March 2025 | ||||
| Payment Date | 4/15/2025 | ||||
| Transaction Month | 39 | ||||
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 | $ | 467,576.24 | |||
| Principal: | |||||
| Principal Collections | $ | 9,747,270.41 | |||
| Prepayments in Full | $ | 3,258,418.01 | |||
| Liquidation Proceeds | $ | 97,835.21 | |||
| Recoveries | $ | 157,201.98 | |||
| Sub Total | $ | 13,260,725.61 | |||
| Collections | $ | 13,728,301.85 | |||
| Purchase Amounts: | |||||
| Purchase Amounts Related to Principal | $ | 21,091.30 | |||
| Purchase Amounts Related to Interest | $ | 63.24 | |||
| Sub Total | $ | 21,154.54 | |||
| Clean-up Call | $ | 0.00 | |||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Available Funds - Total | $ | 13,749,456.39 | |||
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Ford Credit Auto Owner Trust 2022-A
Monthly Investor Report
| Collection Period | March 2025 | ||||
| Payment Date | 4/15/2025 | ||||
| Transaction Month | 39 | ||||
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 | $ | 13,749,456.39 | |||||||||||||||||||
| Servicing Fee | $ | 180,143.49 | $ | 180,143.49 | $ | 0.00 | $ | 0.00 | $ | 13,569,312.90 | |||||||||||||||||||
| Interest - Class A-1 Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 13,569,312.90 | |||||||||||||||||||
| Interest - Class A-2 Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 13,569,312.90 | |||||||||||||||||||
| Interest - Class A-3 Notes | $ | 35,819.47 | $ | 35,819.47 | $ | 0.00 | $ | 0.00 | $ | 13,533,493.43 | |||||||||||||||||||
| Interest - Class A-4 Notes | $ | 123,552.00 | $ | 123,552.00 | $ | 0.00 | $ | 0.00 | $ | 13,409,941.43 | |||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 13,409,941.43 | |||||||||||||||||||
| Interest - Class B Notes | $ | 50,233.00 | $ | 50,233.00 | $ | 0.00 | $ | 0.00 | $ | 13,359,708.43 | |||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 13,359,708.43 | |||||||||||||||||||
| Interest - Class C Notes | $ | 37,485.67 | $ | 37,485.67 | $ | 0.00 | $ | 0.00 | $ | 13,322,222.76 | |||||||||||||||||||
| Reserve Account Deposit | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 13,322,222.76 | |||||||||||||||||||
| Regular Principal Payment | $ | 12,000,655.66 | $ | 12,000,655.66 | $ | 0.00 | $ | 0.00 | $ | 1,321,567.10 | |||||||||||||||||||
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 1,321,567.10 | |||||||||||||||||||
| Residual Released to Depositor | $ | 0.00 | $ | 1,321,567.10 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||
| Total | $ | 13,749,456.39 | |||||||||||||||||||||||||||
| Principal Payment: | |||||||||||||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Regular Principal Payment | $ | 12,000,655.66 | |||||||||||||||||||||||||||
| Total | $ | 12,000,655.66 | |||||||||||||||||||||||||||
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 | $ | 12,000,655.66 | $ | 33.20 | $ | 35,819.47 | $ | 0.10 | $ | 12,036,475.13 | $ | 33.30 | |||||||||||||||||||||||
| 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 | $ | 12,000,655.66 | $ | 11.40 | $ | 247,090.14 | $ | 0.23 | $ | 12,247,745.80 | $ | 11.63 | |||||||||||||||||||||||
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Ford Credit Auto Owner Trust 2022-A
Monthly Investor Report
| Collection Period | March 2025 | ||||
| Payment Date | 4/15/2025 | ||||
| Transaction Month | 39 | ||||
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 | $ | 33,320,440.64 | 0.0921931 | $ | 21,319,784.98 | 0.0589889 | |||||||||||||||||
| 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 | $ | 180,940,440.64 | 0.1718904 | $ | 168,939,784.98 | 0.1604900 | |||||||||||||||||
| Pool Information | |||||||||||
| Weighted Average APR | 2.664 | % | 2.675 | % | |||||||
| Weighted Average Remaining Term | 26.16 | 25.41 | |||||||||
| Number of Receivables Outstanding | 14,747 | 14,331 | |||||||||
| Pool Balance | $ | 216,172,190.20 | $ | 202,931,794.15 | |||||||
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 202,604,563.63 | $ | 190,405,302.03 | |||||||
| Pool Factor | 0.1886008 | 0.1770491 | |||||||||
VI. OVERCOLLATERALIZATION INFORMATION
| Specified Reserve Balance | $ | 2,631,648.59 | |||
| Yield Supplement Overcollateralization Amount | $ | 12,526,492.12 | |||
| Targeted Overcollateralization Amount | $ | 33,992,009.17 | |||
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 33,992,009.17 | |||
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 | March 2025 | ||||
| Payment Date | 4/15/2025 | ||||
| Transaction Month | 39 | ||||
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| # of Receivables | Amount | |||||||||||||||||||
| Current Collection Period Loss: | ||||||||||||||||||||
| Realized Loss (Charge-Offs) | 43 | $ | 115,781.12 | |||||||||||||||||
| (Recoveries) | 50 | $ | 157,201.98 | |||||||||||||||||
| Net Loss for Current Collection Period | $ | (41,420.86) | ||||||||||||||||||
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | (0.2299) | % | ||||||||||||||||||
| Prior and Current Collection Periods Average Loss: | ||||||||||||||||||||
| Ratio of Net Loss to the Average Pool Balance (annualized) | ||||||||||||||||||||
| Third Prior Collection Period | 0.2470 | % | ||||||||||||||||||
| Second Prior Collection Period | 0.7535 | % | ||||||||||||||||||
| Prior Collection Period | 0.8502 | % | ||||||||||||||||||
| Current Collection Period | (0.2372) | % | ||||||||||||||||||
| Four Month Average (Current and Prior Three Collection Periods) | 0.4034 | % | ||||||||||||||||||
| Cumulative Loss: | ||||||||||||||||||||
| Cumulative Realized Loss (Charge-Offs) | 1,422 | $ | 5,739,561.23 | |||||||||||||||||
| (Cumulative Recoveries) | $ | 1,494,944.43 | ||||||||||||||||||
| Cumulative Net Loss for All Collection Periods | $ | 4,244,616.80 | ||||||||||||||||||
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | 0.3703 | % | ||||||||||||||||||
| Average Realized Loss for Receivables that have experienced a Realized Loss | $ | 4,036.26 | ||||||||||||||||||
| Average Net Loss for Receivables that have experienced a Realized Loss | $ | 2,984.96 | ||||||||||||||||||
| % of EOP Pool Balance | # of Receivables | Amount | ||||||||||||||||||
| Delinquent Receivables: | ||||||||||||||||||||
| 31-60 Days Delinquent | 1.76 | % | 185 | $ | 3,570,987.04 | |||||||||||||||
| 61-90 Days Delinquent | 0.25 | % | 21 | $ | 514,340.97 | |||||||||||||||
| 91-120 Days Delinquent | 0.03 | % | 4 | $ | 69,230.84 | |||||||||||||||
| Over 120 Days Delinquent | 0.22 | % | 16 | $ | 441,480.60 | |||||||||||||||
| Total Delinquent Receivables | 2.26 | % | 226 | $ | 4,596,039.45 | |||||||||||||||
| Repossession Inventory: | ||||||||||||||||||||
| Repossessed in the Current Collection Period | 7 | $ | 145,147.88 | |||||||||||||||||
| Total Repossessed Inventory | 12 | $ | 295,709.87 | |||||||||||||||||
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | ||||||||||||||||||||
| Second Prior Collection Period | 0.3242 | % | ||||||||||||||||||
| Prior Collection Period | 0.2984 | % | ||||||||||||||||||
| Current Collection Period | 0.2861 | % | ||||||||||||||||||
| Three Month Average | 0.3029 | % | ||||||||||||||||||
| 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 | 0.5051 | % | ||||||||||||||||||
| Delinquency Trigger Occurred | No | |||||||||||||||||||
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Ford Credit Auto Owner Trust 2022-A
Monthly Investor Report
| Collection Period | March 2025 | ||||
| Payment Date | 4/15/2025 | ||||
| Transaction Month | 39 | ||||
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount | ||||||||||||
| 1 Month Extended | 48 | $1,034,591.64 | ||||||||||||
| 2 Months Extended | 53 | $1,176,679.95 | ||||||||||||
| 3+ Months Extended | 11 | $326,867.01 | ||||||||||||
| Total Receivables Extended | 112 | $2,538,138.60 | ||||||||||||
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 April 23, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on April 23, 2025 at 13:15 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]