Ford Credit Auto Owner Trust 2022-D
Monthly Investor Report
| | | | | |
| Collection Period | April 2025 |
| Payment Date | 5/15/2025 |
| Transaction Month | 30 | |
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 | | | 5.10471 | % | * | 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 | $ | 1,527,932.19 | |
| |
| Principal: | |
| Principal Collections | $ | 16,263,531.58 | |
| Prepayments in Full | $ | 7,928,224.59 | |
| Liquidation Proceeds | $ | 118,739.87 | |
| Recoveries | $ | 226,213.18 | |
| Sub Total | $ | 24,536,709.22 | |
| Collections | $ | 26,064,641.41 | |
| |
| Purchase Amounts: | |
| Purchase Amounts Related to Principal | $ | 106,167.40 | |
| Purchase Amounts Related to Interest | $ | 537.05 | |
| Sub Total | $ | 106,704.45 | |
| |
| Clean-up Call | $ | 0.00 | |
| |
| Reserve Account Draw Amount | $ | 0.00 | |
| |
| Available Funds - Total | $26,171,345.86 |
Ford Credit Auto Owner Trust 2022-D
Monthly Investor Report
| | | | | |
| Collection Period | April 2025 |
| Payment Date | 5/15/2025 |
| Transaction Month | 30 | |
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 | | | $ | 26,171,345.86 | |
| Servicing Fee | $ | 362,718.63 | | | $ | 362,718.63 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 25,808,627.23 | |
| Interest - Class A-1 Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 25,808,627.23 | |
| Interest - Class A-2a Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 25,808,627.23 | |
| Interest - Class A-2b Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 25,808,627.23 | |
| Interest - Class A-3 Notes | $ | 998,061.08 | | | $ | 998,061.08 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 24,810,566.15 | |
| Interest - Class A-4 Notes | $ | 331,250.00 | | | $ | 331,250.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 24,479,316.15 | |
| First Priority Principal Payment | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 24,479,316.15 | |
| Interest - Class B Notes | $ | 196,742.00 | | | $ | 196,742.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 24,282,574.15 | |
| Second Priority Principal Payment | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 24,282,574.15 | |
| Interest - Class C Notes | $ | 141,581.67 | | | $ | 141,581.67 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 24,140,992.48 | |
| Reserve Account Deposit | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 24,140,992.48 | |
| Regular Principal Payment | $ | 21,758,085.07 | | | $ | 21,758,085.07 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 2,382,907.41 | |
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 2,382,907.41 | |
| Residual Released to Depositor | $ | 0.00 | | | $ | 2,382,907.41 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| Total | | | $ | 26,171,345.86 | | | | | | | |
| | | | | | | | | |
| Principal Payment: | | | | | | | | | |
| First Priority Principal Payment | | | | | | | | | $ | 0.00 | |
| Second Priority Principal Payment | | | | | | | | | $ | 0.00 | |
| Regular Principal Payment | | | | | | | | | $ | 21,758,085.07 | |
| Total | | | | | | | | | $ | 21,758,085.07 | |
| | | | | | | | | |
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 | $ | 21,758,085.07 | | | $ | 47.27 | | | $ | 998,061.08 | | | $ | 2.17 | | | $ | 22,756,146.15 | | | $ | 49.44 | |
| 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 | $ | 21,758,085.07 | | | $ | 16.54 | | | $ | 1,667,634.75 | | | $ | 1.27 | | | $ | 23,425,719.82 | | | $ | 17.81 | |
| | | | | | | | | | | |
Ford Credit Auto Owner Trust 2022-D
Monthly Investor Report
| | | | | |
| Collection Period | April 2025 |
| Payment Date | 5/15/2025 |
| Transaction Month | 30 | |
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 | $ | 227,262,485.53 | | | 0.4936840 | | $ | 205,504,400.46 | | | 0.4464187 |
| 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 | $ | 368,042,485.53 | | | 0.2797143 | | $ | 346,284,400.46 | | | 0.2631780 |
| | | | | | | | | | | |
| Pool Information | | | |
| Weighted Average APR | 4.250 | % | | 4.283 | % |
| Weighted Average Remaining Term | 32.72 | | 32.04 |
| Number of Receivables Outstanding | 22,811 | | 22,063 |
| Pool Balance | $ | 435,262,352.09 | | | $ | 410,696,578.75 | |
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 396,939,837.68 | | | $ | 374,813,266.01 | |
| Pool Factor | 0.2958390 | | 0.2791422 |
| | | |
VI. OVERCOLLATERALIZATION INFORMATION
| | | | | |
| Specified Reserve Balance | $ | 3,947,367.68 | |
| Yield Supplement Overcollateralization Amount | $ | 35,883,312.74 | |
| Targeted Overcollateralization Amount | $ | 64,412,178.29 | |
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 64,412,178.29 | |
| |
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 | |
| |
Ford Credit Auto Owner Trust 2022-D
Monthly Investor Report
| | | | | |
| Collection Period | April 2025 |
| Payment Date | 5/15/2025 |
| Transaction Month | 30 | |
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| | | | | | | | | | | | | | | | | |
| | | # of Receivables | | Amount |
| Current Collection Period Loss: | | | | | |
| Realized Loss (Charge-Offs) | | | 64 | | $ | 149,109.90 | |
| (Recoveries) | | | 77 | | $ | 226,213.18 | |
| Net Loss for Current Collection Period | | | | | $ | (77,103.28) | |
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | | | | | -0.2126 | % |
| | | | | |
| Prior and Current Collection Periods Average Loss: | | | | | |
| | | | | |
| Ratio of Net Loss to the Average Pool Balance (annualized) | | | | | |
| Third Prior Collection Period | | | | | 1.6774 | % |
| Second Prior Collection Period | | 0.6423 | % |
| Prior Collection Period | | | | | 1.0468 | % |
| Current Collection Period | | | | | -0.2187 | % |
| Four Month Average (Current and Prior Three Collection Periods) | | | | | 0.7869 | % |
| | | | | |
| Cumulative Loss: | | | | | |
| Cumulative Realized Loss (Charge-Offs) | | | 1,997 | | $ | 11,052,235.34 | |
| (Cumulative Recoveries) | | | | | $ | 1,752,345.42 | |
| Cumulative Net Loss for All Collection Periods | | | | | $ | 9,299,889.92 | |
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | | | | 0.6321 | % |
| | | | | |
| Average Realized Loss for Receivables that have experienced a Realized Loss | | | | | $ | 5,534.42 | |
| Average Net Loss for Receivables that have experienced a Realized Loss | | | | | $ | 4,656.93 | |
| | | | | |
| % of EOP Pool Balance | | # of Receivables | | Amount |
| Delinquent Receivables: | | | | | |
| 31-60 Days Delinquent | 1.60 | % | | 240 | | $ | 6,561,207.36 | |
| 61-90 Days Delinquent | 0.42 | % | | 54 | | $ | 1,708,536.17 | |
| 91-120 Days Delinquent | 0.04 | % | | 7 | | $ | 171,773.34 | |
| Over 120 Days Delinquent | 0.21 | % | | 28 | | $ | 850,492.85 | |
| Total Delinquent Receivables | 2.26 | % | | 329 | | $ | 9,292,009.72 | |
|
| Repossession Inventory: | | | | | |
| Repossessed in the Current Collection Period | | | 16 | | $ | 489,108.34 | |
| Total Repossessed Inventory | | | 20 | | $ | 586,718.54 | |
| | | | | |
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | | |
| Second Prior Collection Period | | | | | 0.3058 | % |
| Prior Collection Period | | | | | 0.3025 | % |
| Current Collection Period | | | | | 0.4034 | % |
| Three Month Average | | | | | 0.3372 | % |
| | | | | |
| 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 | | | | | 0.6649 | % |
| Delinquency Trigger Occurred | | | | | No |
Ford Credit Auto Owner Trust 2022-D
Monthly Investor Report
| | | | | |
| Collection Period | April 2025 |
| Payment Date | 5/15/2025 |
| Transaction Month | 30 | |
| | | | | | | | | | | | | | |
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount |
| | | | |
| 1 Month Extended | | | 70 | $1,879,879.78 |
| 2 Months Extended | | | 110 | $3,162,127.98 |
| 3+ Months Extended | | | 14 | $321,701.88 |
| | | | |
| Total Receivables Extended | 194 | $5,363,709.64 |
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