Ford Credit Auto Owner Trust 2022-B
Monthly Investor Report
| | | | | |
| Collection Period | June 2025 |
| Payment Date | 7/15/2025 |
| Transaction Month | 37 | |
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 | $ | 1,173,418,193.47 | | | 36,914 | | 54.4 months |
| | | | | |
| Dollar Amount | | Note Interest Rate | | Final Scheduled Payment Date |
| Original Securities | | | | | |
| Class A-1 Notes | $ | 203,160,000.00 | | | 2.038 | % | | July 15, 2023 |
| Class A-2a Notes | $ | 271,020,000.00 | | | 3.44 | % | | February 15, 2025 |
| Class A-2b Notes | $ | 100,000,000.00 | | | 4.90385 | % | * | February 15, 2025 |
| Class A-3 Notes | $ | 321,020,000.00 | | | 3.74 | % | | September 15, 2026 |
| Class A-4 Notes | $ | 104,800,000.00 | | | 3.93 | % | | August 15, 2027 |
| Class B Notes | $ | 31,580,000.00 | | | 4.51 | % | | October 15, 2027 |
| Class C Notes | $ | 21,050,000.00 | | | 4.85 | % | | December 15, 2029 |
| Total | $ | 1,052,630,000.00 | | | | | |
| | | * 30-day average SOFR + 0.60% |
II. AVAILABLE FUNDS
| | | | | |
| Interest: | |
| Interest Collections | $ | 579,322.29 | |
| |
| Principal: | |
| Principal Collections | $ | 10,067,399.02 | |
| Prepayments in Full | $ | 3,537,400.43 | |
| Liquidation Proceeds | $ | 110,235.14 | |
| Recoveries | $ | 68,300.51 | |
| Sub Total | $ | 13,783,335.10 | |
| Collections | $ | 14,362,657.39 | |
| |
| Purchase Amounts: | |
| Purchase Amounts Related to Principal | $ | 81,539.10 | |
| Purchase Amounts Related to Interest | $ | 417.78 | |
| Sub Total | $ | 81,956.88 | |
| |
| Clean-up Call | $ | 0.00 | |
| |
| Reserve Account Draw Amount | $ | 0.00 | |
| |
| Available Funds - Total | $14,444,614.27 |
Ford Credit Auto Owner Trust 2022-B
Monthly Investor Report
| | | | | |
| Collection Period | June 2025 |
| Payment Date | 7/15/2025 |
| Transaction Month | 37 | |
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 | | | $ | 14,444,614.27 | |
| Servicing Fee | $ | 187,937.02 | | | $ | 187,937.02 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 14,256,677.25 | |
| Interest - Class A-1 Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 14,256,677.25 | |
| Interest - Class A-2a Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 14,256,677.25 | |
| Interest - Class A-2b Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 14,256,677.25 | |
| Interest - Class A-3 Notes | $ | 87,219.47 | | | $ | 87,219.47 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 14,169,457.78 | |
| Interest - Class A-4 Notes | $ | 343,220.00 | | | $ | 343,220.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 13,826,237.78 | |
| First Priority Principal Payment | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 13,826,237.78 | |
| Interest - Class B Notes | $ | 118,688.17 | | | $ | 118,688.17 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 13,707,549.61 | |
| Second Priority Principal Payment | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 13,707,549.61 | |
| Interest - Class C Notes | $ | 85,077.08 | | | $ | 85,077.08 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 13,622,472.53 | |
| Reserve Account Deposit | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 13,622,472.53 | |
| Regular Principal Payment | $ | 12,305,975.86 | | | $ | 12,305,975.86 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 1,316,496.67 | |
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 1,316,496.67 | |
| Residual Released to Depositor | $ | 0.00 | | | $ | 1,316,496.67 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| Total | | | $ | 14,444,614.27 | | | | | | | |
| | | | | | | | | |
| Principal Payment: | | | | | | | | | |
| First Priority Principal Payment | | | | | | | | | $ | 0.00 | |
| Second Priority Principal Payment | | | | | | | | | $ | 0.00 | |
| Regular Principal Payment | | | | | | | | | $ | 12,305,975.86 | |
| Total | | | | | | | | | $ | 12,305,975.86 | |
| | | | | | | | | |
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 | $ | 12,305,975.86 | | | $ | 38.33 | | | $ | 87,219.47 | | | $ | 0.27 | | | $ | 12,393,195.33 | | | $ | 38.60 | |
| Class A-4 Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 343,220.00 | | | $ | 3.28 | | | $ | 343,220.00 | | | $ | 3.28 | |
| Class B Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 118,688.17 | | | $ | 3.76 | | | $ | 118,688.17 | | | $ | 3.76 | |
| Class C Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 85,077.08 | | | $ | 4.04 | | | $ | 85,077.08 | | | $ | 4.04 | |
| Total | $ | 12,305,975.86 | | | $ | 11.69 | | | $ | 634,204.72 | | | $ | 0.60 | | | $ | 12,940,180.58 | | | $ | 12.29 | |
| | | | | | | | | | | |
Ford Credit Auto Owner Trust 2022-B
Monthly Investor Report
| | | | | |
| Collection Period | June 2025 |
| Payment Date | 7/15/2025 |
| Transaction Month | 37 | |
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 | $ | 27,984,856.23 | | | 0.0871748 | | $ | 15,678,880.37 | | | 0.0488408 |
| Class A-4 Notes | $ | 104,800,000.00 | | | 1.0000000 | | $ | 104,800,000.00 | | | 1.0000000 |
| Class B Notes | $ | 31,580,000.00 | | | 1.0000000 | | $ | 31,580,000.00 | | | 1.0000000 |
| Class C Notes | $ | 21,050,000.00 | | | 1.0000000 | | $ | 21,050,000.00 | | | 1.0000000 |
| Total | $ | 185,414,856.23 | | | 0.1761444 | | $ | 173,108,880.37 | | | 0.1644537 |
| | | | | | | | | | | |
| Pool Information | | | |
| Weighted Average APR | 3.120 | % | | 3.141 | % |
| Weighted Average Remaining Term | 26.09 | | 25.35 |
| Number of Receivables Outstanding | 15,019 | | 14,559 |
| Pool Balance | $ | 225,524,424.45 | | | $ | 211,588,766.86 | |
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 207,218,777.72 | | | $ | 194,703,766.99 | |
| Pool Factor | 0.1921944 | | 0.1803183 |
| | | |
VI. OVERCOLLATERALIZATION INFORMATION
| | | | | |
| Specified Reserve Balance | $ | 2,631,579.30 | |
| Yield Supplement Overcollateralization Amount | $ | 16,884,999.87 | |
| Targeted Overcollateralization Amount | $ | 38,479,886.49 | |
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 38,479,886.49 | |
| |
VII. RECONCILIATION OF RESERVE ACCOUNT
| | | | | |
| Beginning Reserve Account Balance | $ | 2,631,579.30 | |
| Reserve Account Deposits Made | $ | 0.00 | |
| Reserve Account Draw Amount | $ | 0.00 | |
| Ending Reserve Account Balance | $ | 2,631,579.30 | |
| Change in Reserve Account Balance | $ | 0.00 | |
| Specified Reserve Balance | $ | 2,631,579.30 | |
| |
Ford Credit Auto Owner Trust 2022-B
Monthly Investor Report
| | | | | |
| Collection Period | June 2025 |
| Payment Date | 7/15/2025 |
| Transaction Month | 37 | |
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| | | | | | | | | | | | | | | | | |
| | | # of Receivables | | Amount |
| Current Collection Period Loss: | | | | | |
| Realized Loss (Charge-Offs) | | | 36 | | $ | 139,083.90 | |
| (Recoveries) | | | 64 | | $ | 68,300.51 | |
| Net Loss for Current Collection Period | | | | | $ | 70,783.39 | |
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | | | | | 0.3766 | % |
| | | | | |
| Prior and Current Collection Periods Average Loss: | | | | | |
| | | | | |
| Ratio of Net Loss to the Average Pool Balance (annualized) | | | | | |
| Third Prior Collection Period | | | | | 0.5729 | % |
| Second Prior Collection Period | | 0.6783 | % |
| Prior Collection Period | | | | | 1.0869 | % |
| Current Collection Period | | | | | 0.3886 | % |
| Four Month Average (Current and Prior Three Collection Periods) | | | | | 0.6817 | % |
| | | | | |
| Cumulative Loss: | | | | | |
| Cumulative Realized Loss (Charge-Offs) | | | 1,657 | | $ | 7,421,972.09 | |
| (Cumulative Recoveries) | | | | | $ | 1,710,963.87 | |
| Cumulative Net Loss for All Collection Periods | | | | | $ | 5,711,008.22 | |
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | | | | 0.4867 | % |
| | | | | |
| Average Realized Loss for Receivables that have experienced a Realized Loss | | | | | $ | 4,479.16 | |
| Average Net Loss for Receivables that have experienced a Realized Loss | | | | | $ | 3,446.60 | |
| | | | | |
| % of EOP Pool Balance | | # of Receivables | | Amount |
| Delinquent Receivables: | | | | | |
| 31-60 Days Delinquent | 1.77 | % | | 180 | | $ | 3,743,519.25 | |
| 61-90 Days Delinquent | 0.30 | % | | 25 | | $ | 631,099.90 | |
| 91-120 Days Delinquent | 0.09 | % | | 8 | | $ | 181,052.89 | |
| Over 120 Days Delinquent | 0.21 | % | | 14 | | $ | 434,796.62 | |
| Total Delinquent Receivables | 2.36 | % | | 227 | | $ | 4,990,468.66 | |
|
| Repossession Inventory: | | | | | |
| Repossessed in the Current Collection Period | | | 6 | | $ | 211,394.45 | |
| Total Repossessed Inventory | | | 11 | | $ | 357,829.72 | |
| | | | | |
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | | |
| Second Prior Collection Period | | | | | 0.3205 | % |
| Prior Collection Period | | | | | 0.2330 | % |
| Current Collection Period | | | | | 0.3228 | % |
| Three Month Average | | | | | 0.2921 | % |
| | | | | |
| 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 | | | | | 0.5893 | % |
| Delinquency Trigger Occurred | | | | | No |
Ford Credit Auto Owner Trust 2022-B
Monthly Investor Report
| | | | | |
| Collection Period | June 2025 |
| Payment Date | 7/15/2025 |
| Transaction Month | 37 | |
| | | | | | | | | | | | | | |
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount |
| | | | |
| 1 Month Extended | | | 46 | $945,554.01 |
| 2 Months Extended | | | 82 | $1,828,477.79 |
| 3+ Months Extended | | | 7 | $180,842.26 |
| | | | |
| Total Receivables Extended | 135 | $2,954,874.06 |
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