Ford Credit Auto Owner Trust 2022-D
Monthly Investor Report
|
|
|
|
|
|
Collection Period
|
June 2025
|
Payment Date
|
7/15/2025
|
Transaction Month
|
32
|
|
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
|
|
|
5.06385
|
%
|
*
|
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
|
$
|
1,397,491.21
|
|
|
|
Principal:
|
|
Principal Collections
|
$
|
15,102,946.76
|
|
Prepayments in Full
|
$
|
6,552,461.14
|
|
Liquidation Proceeds
|
$
|
290,060.15
|
|
Recoveries
|
$
|
161,592.75
|
|
Sub Total
|
$
|
22,107,060.80
|
|
Collections
|
$
|
23,504,552.01
|
|
|
|
Purchase Amounts:
|
|
Purchase Amounts Related to Principal
|
$
|
205,839.28
|
|
Purchase Amounts Related to Interest
|
$
|
1,141.46
|
|
Sub Total
|
$
|
206,980.74
|
|
|
|
Clean-up Call
|
$0.00
|
|
|
Reserve Account Draw Amount
|
$
|
0.00
|
|
|
|
Available Funds - Total
|
$23,711,532.75
|
Page 1
Ford Credit Auto Owner Trust 2022-D
Monthly Investor Report
|
|
|
|
|
|
Collection Period
|
June 2025
|
Payment Date
|
7/15/2025
|
Transaction Month
|
32
|
|
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
|
|
|
$
|
23,711,532.75
|
|
Servicing Fee
|
$
|
323,171.74
|
|
|
$
|
323,171.74
|
|
|
$
|
0.00
|
|
|
$
|
0.00
|
|
|
$
|
23,388,361.01
|
|
Interest - Class A-1 Notes
|
$
|
0.00
|
|
|
$
|
0.00
|
|
|
$
|
0.00
|
|
|
$
|
0.00
|
|
|
$
|
23,388,361.01
|
|
Interest - Class A-2a Notes
|
$
|
0.00
|
|
|
$
|
0.00
|
|
|
$
|
0.00
|
|
|
$
|
0.00
|
|
|
$
|
23,388,361.01
|
|
Interest - Class A-2b Notes
|
$
|
0.00
|
|
|
$
|
0.00
|
|
|
$
|
0.00
|
|
|
$
|
0.00
|
|
|
$
|
23,388,361.01
|
|
Interest - Class A-3 Notes
|
$
|
813,752.07
|
|
|
$
|
813,752.07
|
|
|
$
|
0.00
|
|
|
$
|
0.00
|
|
|
$
|
22,574,608.94
|
|
Interest - Class A-4 Notes
|
$
|
331,250.00
|
|
|
$
|
331,250.00
|
|
|
$
|
0.00
|
|
|
$
|
0.00
|
|
|
$
|
22,243,358.94
|
|
First Priority Principal Payment
|
$
|
0.00
|
|
|
$
|
0.00
|
|
|
$
|
0.00
|
|
|
$
|
0.00
|
|
|
$
|
22,243,358.94
|
|
Interest - Class B Notes
|
$
|
196,742.00
|
|
|
$
|
196,742.00
|
|
|
$
|
0.00
|
|
|
$
|
0.00
|
|
|
$
|
22,046,616.94
|
|
Second Priority Principal Payment
|
$
|
0.00
|
|
|
$
|
0.00
|
|
|
$
|
0.00
|
|
|
$
|
0.00
|
|
|
$
|
22,046,616.94
|
|
Interest - Class C Notes
|
$
|
141,581.67
|
|
|
$
|
141,581.67
|
|
|
$
|
0.00
|
|
|
$
|
0.00
|
|
|
$
|
21,905,035.27
|
|
Reserve Account Deposit
|
$
|
0.00
|
|
|
$
|
0.00
|
|
|
$
|
0.00
|
|
|
$
|
0.00
|
|
|
$
|
21,905,035.27
|
|
Regular Principal Payment
|
$
|
19,939,704.68
|
|
|
$
|
19,939,704.68
|
|
|
$
|
0.00
|
|
|
$
|
0.00
|
|
|
$
|
1,965,330.59
|
|
Additional Trustee and Other Fees/Expenses
|
$
|
0.00
|
|
|
$
|
0.00
|
|
|
$
|
0.00
|
|
|
$
|
0.00
|
|
|
$
|
1,965,330.59
|
|
Residual Released to Depositor
|
$
|
0.00
|
|
|
$
|
1,965,330.59
|
|
|
$
|
0.00
|
|
|
$
|
0.00
|
|
|
$
|
0.00
|
|
Total
|
|
|
$
|
23,711,532.75
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Payment:
|
|
|
|
|
|
|
|
|
|
First Priority Principal Payment
|
|
|
|
|
|
|
|
|
$
|
0.00
|
|
Second Priority Principal Payment
|
|
|
|
|
|
|
|
|
$
|
0.00
|
|
Regular Principal Payment
|
|
|
|
|
|
|
|
|
$
|
19,939,704.68
|
|
Total
|
|
|
|
|
|
|
|
|
$
|
19,939,704.68
|
|
|
|
|
|
|
|
|
|
|
|
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
|
$
|
19,939,704.68
|
|
|
$
|
43.32
|
|
|
$
|
813,752.07
|
|
|
$
|
1.77
|
|
|
$
|
20,753,456.75
|
|
|
$
|
45.09
|
|
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
|
$
|
19,939,704.68
|
|
|
$
|
15.15
|
|
|
$
|
1,483,325.74
|
|
|
$
|
1.13
|
|
|
$
|
21,423,030.42
|
|
|
$
|
16.28
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Page 2
Ford Credit Auto Owner Trust 2022-D
Monthly Investor Report
|
|
|
|
|
|
Collection Period
|
June 2025
|
Payment Date
|
7/15/2025
|
Transaction Month
|
32
|
|
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
|
$
|
185,294,589.12
|
|
|
0.4025168
|
|
$
|
165,354,884.44
|
|
|
0.3592016
|
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
|
$
|
326,074,589.12
|
|
|
0.2478185
|
|
$
|
306,134,884.44
|
|
|
0.2326642
|
|
|
|
|
|
|
|
|
|
|
|
|
Pool Information
|
|
|
|
Weighted Average APR
|
4.316
|
%
|
|
4.350
|
%
|
Weighted Average Remaining Term
|
31.37
|
|
30.69
|
Number of Receivables Outstanding
|
21,351
|
|
20,616
|
Pool Balance
|
$
|
387,806,082.47
|
|
|
$
|
365,291,997.39
|
|
Adjusted Pool Balance (Pool Balance - YSOC Amount)
|
$
|
354,260,097.23
|
|
|
$
|
333,982,681.27
|
|
Pool Factor
|
0.2635840
|
|
0.2482816
|
|
|
|
|
VI. OVERCOLLATERALIZATION INFORMATION
|
|
|
|
|
|
Specified Reserve Balance
|
$
|
3,947,367.68
|
|
Yield Supplement Overcollateralization Amount
|
$
|
31,309,316.12
|
|
Targeted Overcollateralization Amount
|
$
|
59,157,112.95
|
|
Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance)
|
$
|
59,157,112.95
|
|
|
|
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
|
|
|
|
Page 3
Ford Credit Auto Owner Trust 2022-D
Monthly Investor Report
|
|
|
|
|
|
Collection Period
|
June 2025
|
Payment Date
|
7/15/2025
|
Transaction Month
|
32
|
|
VIII. NET LOSS AND DELINQUENT RECEIVABLES
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
# of Receivables
|
|
Amount
|
Current Collection Period Loss:
|
|
|
|
|
|
Realized Loss (Charge-Offs)
|
|
|
78
|
|
$
|
362,777.75
|
|
(Recoveries)
|
|
|
72
|
|
$
|
161,592.75
|
|
Net Loss for Current Collection Period
|
|
|
|
|
$
|
201,185.00
|
|
Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized)
|
|
|
|
|
0.6225
|
%
|
|
|
|
|
|
|
Prior and Current Collection Periods Average Loss:
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of Net Loss to the Average Pool Balance (annualized)
|
|
|
|
|
|
Third Prior Collection Period
|
|
|
|
|
1.0468
|
%
|
Second Prior Collection Period
|
|
-0.2187
|
%
|
Prior Collection Period
|
|
|
|
|
0.3590
|
%
|
Current Collection Period
|
|
|
|
|
0.6411
|
%
|
Four Month Average (Current and Prior Three Collection Periods)
|
|
|
|
|
0.4570
|
%
|
|
|
|
|
|
|
Cumulative Loss:
|
|
|
|
|
|
Cumulative Realized Loss (Charge-Offs)
|
|
|
2,132
|
|
$
|
11,679,646.70
|
|
(Cumulative Recoveries)
|
|
|
|
|
$
|
2,059,145.68
|
|
Cumulative Net Loss for All Collection Periods
|
|
|
|
|
$
|
9,620,501.02
|
|
Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance
|
|
|
|
0.6539
|
%
|
|
|
|
|
|
|
Average Realized Loss for Receivables that have experienced a Realized Loss
|
|
|
|
|
$
|
5,478.26
|
|
Average Net Loss for Receivables that have experienced a Realized Loss
|
|
|
|
|
$
|
4,512.43
|
|
|
|
|
|
|
|
|
% of EOP Pool Balance
|
|
# of Receivables
|
|
Amount
|
Delinquent Receivables:
|
|
|
|
|
|
31-60 Days Delinquent
|
1.78
|
%
|
|
243
|
|
$
|
6,490,532.85
|
|
61-90 Days Delinquent
|
0.32
|
%
|
|
54
|
|
$
|
1,178,104.10
|
|
91-120 Days Delinquent
|
0.09
|
%
|
|
11
|
|
$
|
345,465.37
|
|
Over 120 Days Delinquent
|
0.25
|
%
|
|
30
|
|
$
|
896,300.46
|
|
Total Delinquent Receivables
|
2.44
|
%
|
|
338
|
|
$
|
8,910,402.78
|
|
|
Repossession Inventory:
|
|
|
|
|
|
Repossessed in the Current Collection Period
|
|
|
19
|
|
$
|
552,505.47
|
|
Total Repossessed Inventory
|
|
|
27
|
|
$
|
785,787.91
|
|
|
|
|
|
|
|
Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables:
|
|
|
Second Prior Collection Period
|
|
|
|
|
0.4034
|
%
|
Prior Collection Period
|
|
|
|
|
0.3747
|
%
|
Current Collection Period
|
|
|
|
|
0.4608
|
%
|
Three Month Average
|
|
|
|
|
0.4130
|
%
|
|
|
|
|
|
|
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
|
|
|
|
|
0.6624
|
%
|
Delinquency Trigger Occurred
|
|
|
|
|
No
|
Page 4
Ford Credit Auto Owner Trust 2022-D
Monthly Investor Report
|
|
|
|
|
|
Collection Period
|
June 2025
|
Payment Date
|
7/15/2025
|
Transaction Month
|
32
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Receivables Granted Extensions in the Current Collection Period:
|
# of Receivables
|
Amount
|
|
|
|
|
|
1 Month Extended
|
|
|
81
|
$2,248,375.54
|
2 Months Extended
|
|
|
124
|
$3,366,232.42
|
3+ Months Extended
|
|
|
22
|
$626,256.25
|
|
|
|
|
|
Total Receivables Extended
|
227
|
$6,240,864.21
|
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
Page 5