Ford Credit Auto Owner Trust 2022-A
Monthly Investor Report
| | | | | |
| Collection Period | June 2025 |
| Payment Date | 7/15/2025 |
| Transaction Month | 42 | |
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 | $ | 401,892.63 | |
| |
| Principal: | |
| Principal Collections | $ | 8,829,709.06 | |
| Prepayments in Full | $ | 3,187,836.55 | |
| Liquidation Proceeds | $ | 143,666.81 | |
| Recoveries | $ | 105,307.93 | |
| Sub Total | $ | 12,266,520.35 | |
| Collections | $ | 12,668,412.98 | |
| |
| Purchase Amounts: | |
| Purchase Amounts Related to Principal | $ | 82,520.54 | |
| Purchase Amounts Related to Interest | $ | 365.35 | |
| Sub Total | $ | 82,885.89 | |
| |
| Clean-up Call | $ | 0.00 | |
| |
| Reserve Account Draw Amount | $ | 0.00 | |
| |
| Available Funds - Total | $ | 12,751,298.87 | |
Ford Credit Auto Owner Trust 2022-A
Monthly Investor Report
| | | | | |
| Collection Period | June 2025 |
| Payment Date | 7/15/2025 |
| Transaction Month | 42 | |
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 | | | $ | 12,751,298.87 | |
| Servicing Fee | $ | 147,474.62 | | | $ | 147,474.62 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 12,603,824.25 | |
| Interest - Class A-1 Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 12,603,824.25 | |
| Interest - Class A-2 Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 12,603,824.25 | |
| Interest - Class A-3 Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 12,603,824.25 | |
| Interest - Class A-4 Notes | $ | 120,542.78 | | | $ | 120,542.78 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 12,483,281.47 | |
| First Priority Principal Payment | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 12,483,281.47 | |
| Interest - Class B Notes | $ | 50,233.00 | | | $ | 50,233.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 12,433,048.47 | |
| Second Priority Principal Payment | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 12,433,048.47 | |
| Interest - Class C Notes | $ | 37,485.67 | | | $ | 37,485.67 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 12,395,562.80 | |
| Reserve Account Deposit | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 12,395,562.80 | |
| Regular Principal Payment | $ | 11,409,018.49 | | | $ | 11,409,018.49 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 986,544.31 | |
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 986,544.31 | |
| Residual Released to Depositor | $ | 0.00 | | | $ | 986,544.31 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| | | | | | | | | |
| Total | | | $ | 12,751,298.87 | | | | | | | |
| | | | | | | | | |
| Principal Payment: | | | | | | | | | |
| First Priority Principal Payment | | | | | | | | | $ | 0.00 | |
| Second Priority Principal Payment | | | | | | | | | $ | 0.00 | |
| Regular Principal Payment | | | | | | | | | $ | 11,409,018.49 | |
| Total | | | | | | | | | $ | 11,409,018.49 | |
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 | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| Class A-4 Notes | $ | 11,409,018.49 | | | $ | 120.04 | | | $ | 120,542.78 | | | $ | 1.27 | | | $ | 11,529,561.27 | | | $ | 121.31 | |
| 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 | $ | 11,409,018.49 | | | $ | 10.84 | | | $ | 208,261.45 | | | $ | 0.20 | | | $ | 11,617,279.94 | | | $ | 11.04 | |
Ford Credit Auto Owner Trust 2022-A
Monthly Investor Report
| | | | | |
| Collection Period | June 2025 |
| Payment Date | 7/15/2025 |
| Transaction Month | 42 | |
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 | $ | 0.00 | | | 0.0000000 | | $ | 0.00 | | | 0.0000000 |
| Class A-4 Notes | $ | 92,725,212.92 | | | 0.9756441 | | $ | 81,316,194.43 | | | 0.8555997 |
| 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 | $ | 145,305,212.92 | | | 0.1380375 | | $ | 133,896,194.43 | | | 0.1271992 |
| | | | | | | | | | | |
| Pool Information | | | |
| Weighted Average APR | 2.697 | % | | 2.707 | % |
| Weighted Average Remaining Term | 23.88 | | 23.14 |
| Number of Receivables Outstanding | 13,457 | | 12,984 |
| Pool Balance | $ | 176,969,541.29 | | | $ | 164,640,103.86 | |
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 166,381,296.18 | | | $ | 154,949,383.16 | |
| Pool Factor | 0.1543982 | | 0.1436413 |
VI. OVERCOLLATERALIZATION INFORMATION
| | | | | |
| Specified Reserve Balance | $ | 2,631,648.59 | |
| Yield Supplement Overcollateralization Amount | $ | 9,690,720.70 | |
| Targeted Overcollateralization Amount | $ | 30,743,909.43 | |
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 30,743,909.43 | |
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 | June 2025 |
| Payment Date | 7/15/2025 |
| Transaction Month | 42 | |
VIII. NET LOSS AND DELINQUENT RECEIVABLES | | | | | | | | | | | | | | | | | | | | |
| | | | # of Receivables | | Amount |
| Current Collection Period Loss: | | | | | | |
| Realized Loss (Charge-Offs) | | | | 44 | | $ | 85,704.47 | |
| (Recoveries) | | | | 47 | | $ | 105,307.93 | |
| Net Loss for Current Collection Period | | | | | | $ | (19,603.46) | |
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | | (0.1329) | % |
| | | | | | |
| Prior and Current Collection Periods Average Loss: | | | | | | |
| | | | | | |
| Ratio of Net Loss to the Average Pool Balance (annualized) | | | | | | |
| Third Prior Collection Period | | | | | | (0.2372) | % |
| Second Prior Collection Period | | (0.2698) | % |
| Prior Collection Period | | | | | | 0.8075 | % |
| Current Collection Period | | | | | | (0.1377) | % |
| Four Month Average (Current and Prior Three Collection Periods) | | | | | | 0.0407 | % |
| | | | | | |
| Cumulative Loss: | | | | | | |
| Cumulative Realized Loss (Charge-Offs) | | | | 1,540 | | $ | 6,030,525.40 | |
| (Cumulative Recoveries) | | | | | | $ | 1,726,275.07 | |
| Cumulative Net Loss for All Collection Periods | | | | | | $ | 4,304,250.33 | |
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | | | | | 0.3755 | % |
| | | | | | |
| Average Realized Loss for Receivables that have experienced a Realized Loss | | | | | | $ | 3,915.93 | |
| Average Net Loss for Receivables that have experienced a Realized Loss | | | | | | $ | 2,794.97 | |
| | | | | | |
| % of EOP Pool Balance | | | # of Receivables | | Amount |
| Delinquent Receivables: | | | | | | |
| 31-60 Days Delinquent | 1.90 | % | | | 174 | | $ | 3,120,448.25 | |
| 61-90 Days Delinquent | 0.37 | % | | | 34 | | $ | 611,187.70 | |
| 91-120 Days Delinquent | 0.06 | % | | | 6 | | $ | 95,292.06 | |
| Over 120 Days Delinquent | 0.23 | % | | | 15 | | $ | 378,780.02 | |
| Total Delinquent Receivables | 2.55 | % | | | 229 | | $ | 4,205,708.03 | |
|
| Repossession Inventory: | | | | | | |
| Repossessed in the Current Collection Period | | | | 4 | | $ | 84,397.91 | |
| Total Repossessed Inventory | | | | 7 | | $ | 175,820.56 | |
| | | | | | |
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | | |
| Second Prior Collection Period | | | | | | 0.3381 | % |
| Prior Collection Period | | | | | | 0.2898 | % |
| Current Collection Period | | | | | | 0.4236 | % |
| Three Month Average | | | | | | 0.3505 | % |
| | | | | | |
| 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 | | | | | | 0.6592 | % |
| Delinquency Trigger Occurred | | | | | | No |
Ford Credit Auto Owner Trust 2022-A
Monthly Investor Report
| | | | | |
| Collection Period | June 2025 |
| Payment Date | 7/15/2025 |
| Transaction Month | 42 | |
| | | | | | | | | | | | | | |
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount |
| | | | |
| 1 Month Extended | | | 48 | $877,734.08 |
| 2 Months Extended | | | 74 | $1,403,376.40 |
| 3+ Months Extended | | | 6 | $110,578.75 |
| | | | |
| Total Receivables Extended | | 128 | $2,391,689.23 |
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