Ford Credit Auto Owner Trust 2022-A
Monthly Investor Report
| | | | | |
| Collection Period | April 2025 |
| Payment Date | 5/15/2025 |
| Transaction Month | 40 | |
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 | $ | 449,919.67 | |
| |
| Principal: | |
| Principal Collections | $ | 9,362,005.08 | |
| Prepayments in Full | $ | 3,659,878.26 | |
| Liquidation Proceeds | $ | 108,413.69 | |
| Recoveries | $ | 135,778.03 | |
| Sub Total | $ | 13,266,075.06 | |
| Collections | $ | 13,715,994.73 | |
| |
| Purchase Amounts: | |
| Purchase Amounts Related to Principal | $ | 20,695.34 | |
| Purchase Amounts Related to Interest | $ | 101.20 | |
| Sub Total | $ | 20,796.54 | |
| |
| Clean-up Call | $ | 0.00 | |
| |
| Reserve Account Draw Amount | $ | 0.00 | |
| |
| Available Funds - Total | $ | 13,736,791.27 | |
Ford Credit Auto Owner Trust 2022-A
Monthly Investor Report
| | | | | |
| Collection Period | April 2025 |
| Payment Date | 5/15/2025 |
| Transaction Month | 40 | |
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 | | | $ | 13,736,791.27 | |
| Servicing Fee | $ | 169,109.83 | | | $ | 169,109.83 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 13,567,681.44 | |
| Interest - Class A-1 Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 13,567,681.44 | |
| Interest - Class A-2 Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 13,567,681.44 | |
| Interest - Class A-3 Notes | $ | 22,918.77 | | | $ | 22,918.77 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 13,544,762.67 | |
| Interest - Class A-4 Notes | $ | 123,552.00 | | | $ | 123,552.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 13,421,210.67 | |
| First Priority Principal Payment | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 13,421,210.67 | |
| Interest - Class B Notes | $ | 50,233.00 | | | $ | 50,233.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 13,370,977.67 | |
| Second Priority Principal Payment | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 13,370,977.67 | |
| Interest - Class C Notes | $ | 37,485.67 | | | $ | 37,485.67 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 13,333,492.00 | |
| Reserve Account Deposit | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 13,333,492.00 | |
| Regular Principal Payment | $ | 12,050,930.32 | | | $ | 12,050,930.32 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 1,282,561.68 | |
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 1,282,561.68 | |
| Residual Released to Depositor | $ | 0.00 | | | $ | 1,282,561.68 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| | | | | | | | | |
| Total | | | $ | 13,736,791.27 | | | | | | | |
| | | | | | | | | |
| Principal Payment: | | | | | | | | | |
| First Priority Principal Payment | | | | | | | | | $ | 0.00 | |
| Second Priority Principal Payment | | | | | | | | | $ | 0.00 | |
| Regular Principal Payment | | | | | | | | | $ | 12,050,930.32 | |
| Total | | | | | | | | | $ | 12,050,930.32 | |
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 | $ | 12,050,930.32 | | | $ | 33.34 | | | $ | 22,918.77 | | | $ | 0.06 | | | $ | 12,073,849.09 | | | $ | 33.40 | |
| 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 | $ | 12,050,930.32 | | | $ | 11.45 | | | $ | 234,189.44 | | | $ | 0.22 | | | $ | 12,285,119.76 | | | $ | 11.67 | |
Ford Credit Auto Owner Trust 2022-A
Monthly Investor Report
| | | | | |
| Collection Period | April 2025 |
| Payment Date | 5/15/2025 |
| Transaction Month | 40 | |
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 | $ | 21,319,784.98 | | | 0.0589889 | | $ | 9,268,854.66 | | | 0.0256457 |
| 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 | $ | 168,939,784.98 | | | 0.1604900 | | $ | 156,888,854.66 | | | 0.1490418 |
| | | | | | | | | | | |
| Pool Information | | | |
| Weighted Average APR | 2.675 | % | | 2.684 | % |
| Weighted Average Remaining Term | 25.41 | | 24.65 |
| Number of Receivables Outstanding | 14,331 | | 13,903 |
| Pool Balance | $ | 202,931,794.15 | | | $ | 189,689,156.11 | |
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 190,405,302.03 | | | $ | 178,155,732.14 | |
| Pool Factor | 0.1770491 | | 0.1654955 |
VI. OVERCOLLATERALIZATION INFORMATION
| | | | | |
| Specified Reserve Balance | $ | 2,631,648.59 | |
| Yield Supplement Overcollateralization Amount | $ | 11,533,423.97 | |
| Targeted Overcollateralization Amount | $ | 32,800,301.45 | |
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 32,800,301.45 | |
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 | |
Ford Credit Auto Owner Trust 2022-A
Monthly Investor Report
| | | | | |
| Collection Period | April 2025 |
| Payment Date | 5/15/2025 |
| Transaction Month | 40 | |
VIII. NET LOSS AND DELINQUENT RECEIVABLES | | | | | | | | | | | | | | | | | | | | |
| | | | # of Receivables | | Amount |
| Current Collection Period Loss: | | | | | | |
| Realized Loss (Charge-Offs) | | | | 35 | | $ | 91,645.67 | |
| (Recoveries) | | | | 48 | | $ | 135,778.03 | |
| Net Loss for Current Collection Period | | | | | | $ | (44,132.36) | |
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | | (0.2610) | % |
| | | | | | |
| Prior and Current Collection Periods Average Loss: | | | | | | |
| | | | | | |
| Ratio of Net Loss to the Average Pool Balance (annualized) | | | | | | |
| Third Prior Collection Period | | | | | | 0.7535 | % |
| Second Prior Collection Period | | 0.8502 | % |
| Prior Collection Period | | | | | | (0.2372) | % |
| Current Collection Period | | | | | | (0.2698) | % |
| Four Month Average (Current and Prior Three Collection Periods) | | | | | | 0.2742 | % |
| | | | | | |
| Cumulative Loss: | | | | | | |
| Cumulative Realized Loss (Charge-Offs) | | | | 1,457 | | $ | 5,831,206.90 | |
| (Cumulative Recoveries) | | | | | | $ | 1,630,722.46 | |
| Cumulative Net Loss for All Collection Periods | | | | | | $ | 4,200,484.44 | |
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | | | | | 0.3665 | % |
| | | | | | |
| Average Realized Loss for Receivables that have experienced a Realized Loss | | | | | | $ | 4,002.20 | |
| Average Net Loss for Receivables that have experienced a Realized Loss | | | | | | $ | 2,882.97 | |
| | | | | | |
| % of EOP Pool Balance | | | # of Receivables | | Amount |
| Delinquent Receivables: | | | | | | |
| 31-60 Days Delinquent | 1.62 | % | | | 156 | | $ | 3,080,171.17 | |
| 61-90 Days Delinquent | 0.32 | % | | | 27 | | $ | 607,888.05 | |
| 91-120 Days Delinquent | 0.02 | % | | | 2 | | $ | 34,069.95 | |
| Over 120 Days Delinquent | 0.25 | % | | | 18 | | $ | 466,528.52 | |
| Total Delinquent Receivables | 2.21 | % | | | 203 | | $ | 4,188,657.69 | |
|
| Repossession Inventory: | | | | | | |
| Repossessed in the Current Collection Period | | | | 2 | | $ | 31,784.62 | |
| Total Repossessed Inventory | | | | 7 | | $ | 156,499.31 | |
| | | | | | |
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | | |
| Second Prior Collection Period | | | | | | 0.2984 | % |
| Prior Collection Period | | | | | | 0.2861 | % |
| Current Collection Period | | | | | | 0.3381 | % |
| Three Month Average | | | | | | 0.3075 | % |
| | | | | | |
| 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 | | | | | | 0.5844 | % |
| Delinquency Trigger Occurred | | | | | | No |
Ford Credit Auto Owner Trust 2022-A
Monthly Investor Report
| | | | | |
| Collection Period | April 2025 |
| Payment Date | 5/15/2025 |
| Transaction Month | 40 | |
| | | | | | | | | | | | | | |
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount |
| | | | |
| 1 Month Extended | | | 39 | $721,702.14 |
| 2 Months Extended | | | 55 | $1,063,778.35 |
| 3+ Months Extended | | | 10 | $240,380.21 |
| | | | |
| Total Receivables Extended | | 104 | $2,025,860.70 |
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