Ford Credit Auto Owner Trust 2022-C
Monthly Investor Report
| | | | | |
| Collection Period | May 2026 |
| Payment Date | 6/15/2026 |
| Transaction Month | 45 | |
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 | $ | 1,745,303,060.82 | | | 52,430 | | | 54.7 months |
| | | | | |
| Dollar Amount | | Note Interest Rate | | Final Scheduled Payment Date |
| Original Securities | | | | | |
| Class A-1 Notes | $ | 304,740,000.00 | | | 3.633 | % | | October 15, 2023 |
| Class A-2a Notes | $ | 319,040,000.00 | | | 4.52 | % | | April 15, 2025 |
| Class A-2b Notes | $ | 200,000,000.00 | | | 4.16285 | % | * | April 15, 2025 |
| Class A-3 Notes | $ | 519,040,000.00 | | | 4.48 | % | | December 15, 2026 |
| Class A-4 Notes | $ | 157,180,000.00 | | | 4.59 | % | | December 15, 2027 |
| Class B Notes | $ | 47,370,000.00 | | | 5.03 | % | | February 15, 2028 |
| Class C Notes | $ | 31,570,000.00 | | | 5.22 | % | | March 15, 2030 |
| Total | $ | 1,578,940,000.00 | | | | | |
| | | * 30-day average SOFR + 0.52% |
II. AVAILABLE FUNDS
| | | | | |
| Interest: | |
| Interest Collections | $ | 600,488.65 | |
| |
| Principal: | |
| Principal Collections | $ | 10,687,603.72 | |
| Prepayments in Full | $ | 3,285,810.54 | |
| Liquidation Proceeds | $ | 89,159.69 | |
| Recoveries | $ | 70,665.20 | |
| Sub Total | $ | 14,133,239.15 | |
| Collections | $ | 14,733,727.80 | |
| |
| Purchase Amounts: | |
| Purchase Amounts Related to Principal | $ | 114,562.48 | |
| Purchase Amounts Related to Interest | $ | 542.32 | |
| Sub Total | $ | 115,104.80 | |
| |
| Clean-up Call | $ | 170,901,392.10 | |
| |
| Reserve Account Draw Amount | $ | 4,736,842.79 | |
| |
| Available Funds - Total | $ | 190,487,067.49 | |
Ford Credit Auto Owner Trust 2022-C
Monthly Investor Report
| | | | | |
| Collection Period | May 2026 |
| Payment Date | 6/15/2026 |
| Transaction Month | 45 | |
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 | | | $ | 190,487,067.49 | |
| Servicing Fee | $ | 154,350.33 | | | $ | 154,350.33 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 190,332,717.16 | |
| Interest - Class A-1 Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 190,332,717.16 | |
| Interest - Class A-2a Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 190,332,717.16 | |
| Interest - Class A-2b Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 190,332,717.16 | |
| Interest - Class A-3 Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 190,332,717.16 | |
| Interest - Class A-4 Notes | $ | 241,778.13 | | | $ | 241,778.13 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 190,090,939.03 | |
| First Priority Principal Payment | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 190,090,939.03 | |
| Interest - Class B Notes | $ | 198,559.25 | | | $ | 198,559.25 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 189,892,379.78 | |
| Second Priority Principal Payment | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 189,892,379.78 | |
| Interest - Class C Notes | $ | 137,329.50 | | | $ | 137,329.50 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 189,755,050.28 | |
| Reserve Account Deposit | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 189,755,050.28 | |
| Regular Principal Payment | $ | 142,149,968.08 | | | $ | 142,149,968.08 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 47,605,082.20 | |
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 47,605,082.20 | |
| Residual Released to Depositor | $ | 0.00 | | | $ | 47,605,082.20 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| Total | | | $ | 190,487,067.49 | | | | | | | |
| | | | | | | | | |
| Principal Payment: | | | | | | | | | |
| First Priority Principal Payment | | | | | | | | | $ | 0.00 | |
| Second Priority Principal Payment | | | | | | | | | $ | 0.00 | |
| Regular Principal Payment | | | | | | | | | $ | 142,149,968.08 | |
| Total | | | | | | | | | $ | 142,149,968.08 | |
| | | | | | | | | |
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 | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| Class A-4 Notes | $ | 63,209,968.08 | | | $ | 402.15 | | | $ | 241,778.13 | | | $ | 1.54 | | | $ | 63,451,746.21 | | | $ | 403.69 | |
| Class B Notes | $ | 47,370,000.00 | | | $ | 1,000.00 | | | $ | 198,559.25 | | | $ | 4.19 | | | $ | 47,568,559.25 | | | $ | 1,004.19 | |
| Class C Notes | $ | 31,570,000.00 | | | $ | 1,000.00 | | | $ | 137,329.50 | | | $ | 4.35 | | | $ | 31,707,329.50 | | | $ | 1,004.35 | |
| Total | $ | 142,149,968.08 | | | $ | 90.03 | | | $ | 577,666.88 | | | $ | 0.37 | | | $ | 142,727,634.96 | | | $ | 90.40 | |
| | | | | | | | | | | |
Ford Credit Auto Owner Trust 2022-C
Monthly Investor Report
| | | | | |
| Collection Period | May 2026 |
| Payment Date | 6/15/2026 |
| Transaction Month | 45 | |
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 | $ | 0.00 | | | 0.0000000 | | $ | 0.00 | | | 0.0000000 |
| Class A-4 Notes | $ | 63,209,968.08 | | | 0.4021502 | | $ | 0.00 | | | 0.0000000 |
| Class B Notes | $ | 47,370,000.00 | | | 1.0000000 | | $ | 0.00 | | | 0.0000000 |
| Class C Notes | $ | 31,570,000.00 | | | 1.0000000 | | $ | 0.00 | | | 0.0000000 |
| Total | $ | 142,149,968.08 | | | 0.0900287 | | $ | 0.00 | | | 0.0000000 |
| | | | | | | | | | | |
| Pool Information | | | |
| Weighted Average APR | 4.074 | % | | 4.115 | % |
| Weighted Average Remaining Term | 21.54 | | 20.91 |
| Number of Receivables Outstanding | 15,789 | | 15,098 |
| Pool Balance | $ | 185,220,399.59 | | | $ | 170,901,392.10 | |
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 173,728,920.01 | | | $ | 160,587,393.25 | |
| Pool Factor | 0.1061251 | | 0.0979208 |
| | | |
VI. OVERCOLLATERALIZATION INFORMATION
| | | | | |
| Specified Reserve Balance | $ | 4,736,842.79 | |
| Yield Supplement Overcollateralization Amount | $ | 10,313,998.85 | |
| Targeted Overcollateralization Amount | $ | 41,892,950.78 | |
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 170,901,392.10 | |
| |
VII. RECONCILIATION OF RESERVE ACCOUNT
| | | | | |
| Beginning Reserve Account Balance | $ | 4,736,842.79 | |
| Reserve Account Deposits Made | $ | 0.00 | |
| Reserve Account Draw Amount | $ | 4,736,842.79 | |
| Ending Reserve Account Balance | $ | 0.00 | |
| Change in Reserve Account Balance | $ | (4,736,842.79) | |
| Specified Reserve Balance | $ | 4,736,842.79 | |
| |
Ford Credit Auto Owner Trust 2022-C
Monthly Investor Report
| | | | | |
| Collection Period | May 2026 |
| Payment Date | 6/15/2026 |
| Transaction Month | 45 | |
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| | | | | | | | | | | | | | | | | |
| | | # of Receivables | | Amount |
| Current Collection Period Loss: | | | | | |
| Realized Loss (Charge-Offs) | | | 60 | | $ | 141,871.06 | |
| (Recoveries) | | | 99 | | $ | 70,665.20 | |
| Net Loss for Current Collection Period | | | | | $ | 71,205.86 | |
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | | | | | 0.4613 | % |
| | | | | |
| Prior and Current Collection Periods Average Loss: | | | | | |
| | | | | |
| Ratio of Net Loss to the Average Pool Balance (annualized) | | | | | |
| Third Prior Collection Period | | | | | 0.8467 | % |
| Second Prior Collection Period | | 1.0867 | % |
| Prior Collection Period | | | | | 0.1624 | % |
| Current Collection Period | | | | | 0.4799 | % |
| Four Month Average (Current and Prior Three Collection Periods) | | | | | 0.6439 | % |
| | | | | |
| Cumulative Loss: | | | | | |
| Cumulative Realized Loss (Charge-Offs) | | | 3,156 | | $ | 15,980,038.49 | |
| (Cumulative Recoveries) | | | | | $ | 3,315,403.51 | |
| Cumulative Net Loss for All Collection Periods | | | | | $ | 12,664,634.98 | |
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | | | | 0.7256 | % |
| | | | | |
| Average Realized Loss for Receivables that have experienced a Realized Loss | | | | | $ | 5,063.38 | |
| Average Net Loss for Receivables that have experienced a Realized Loss | | | | | $ | 4,012.88 | |
| | | | | |
| % of EOP Pool Balance | | # of Receivables | | Amount |
| Delinquent Receivables: | | | | | |
| 31-60 Days Delinquent | 2.19 | % | | 205 | | $ | 3,748,038.33 | |
| 61-90 Days Delinquent | 0.52 | % | | 38 | | $ | 886,645.90 | |
| 91-120 Days Delinquent | 0.15 | % | | 9 | | $ | 249,715.91 | |
| Over 120 Days Delinquent | 0.36 | % | | 29 | | $ | 621,486.78 | |
| Total Delinquent Receivables | 3.22 | % | | 281 | | $ | 5,505,886.92 | |
|
| Repossession Inventory: | | | | | |
| Repossessed in the Current Collection Period | | | 13 | | $ | 263,136.81 | |
| Total Repossessed Inventory | | | 18 | | $ | 412,991.28 | |
| | | | | |
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | | |
| Second Prior Collection Period | | | | | 0.4285 | % |
| Prior Collection Period | | | | | 0.4497 | % |
| Current Collection Period | | | | | 0.5034 | % |
| Three Month Average | | | | | 0.4605 | % |
| | | | | |
| 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 | | | | | 1.0286 | % |
| Delinquency Trigger Occurred | | | | | No |
Ford Credit Auto Owner Trust 2022-C
Monthly Investor Report
| | | | | |
| Collection Period | May 2026 |
| Payment Date | 6/15/2026 |
| Transaction Month | 45 | |
| | | | | | | | | | | | | | |
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount |
| | | | |
| 1 Month Extended | | | 40 | $814,954.27 |
| 2 Months Extended | | | 71 | $1,481,972.22 |
| 3+ Months Extended | | | 21 | $373,814.26 |
| | | | |
| Total Receivables Extended | 132 | $2,670,740.75 |
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 6, 2026 |
|
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