Ford Credit Auto Owner Trust 2023-A
Monthly Investor Report
| | | | | |
| Collection Period | May 2026 |
| Payment Date | 6/15/2026 |
| Transaction Month | 39 | |
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 | $ | 1,732,167,317.56 | | | 48,752 | | | 57.8 months |
| | | | | |
| Dollar Amount | | Note Interest Rate | | Final Scheduled Payment Date |
| Original Securities | | | | | |
| Class A-1 Notes | $ | 300,000,000.00 | | | 5.028 | % | | April 15, 2024 |
| Class A-2a Notes | $ | 359,000,000.00 | | | 5.14 | % | | March 15, 2026 |
| Class A-2b Notes | $ | 235,000,000.00 | | | 4.36285 | % | * | March 15, 2026 |
| Class A-3 Notes | $ | 510,000,000.00 | | | 4.65 | % | | February 15, 2028 |
| Class A-4 Notes | $ | 96,000,000.00 | | | 4.56 | % | | December 15, 2028 |
| Class B Notes | $ | 47,330,000.00 | | | 5.07 | % | | January 15, 2029 |
| Class C Notes | $ | 31,610,000.00 | | | 5.51 | % | | September 15, 2030 |
| Total | $ | 1,578,940,000.00 | | | | | |
| | | * 30-day average SOFR + 0.72% |
II. AVAILABLE FUNDS
| | | | | |
| Interest: | |
| Interest Collections | $ | 1,445,932.09 | |
| |
| Principal: | |
| Principal Collections | $ | 12,511,058.84 | |
| Prepayments in Full | $ | 5,483,429.84 | |
| Liquidation Proceeds | $ | 451,974.20 | |
| Recoveries | $ | 191,545.70 | |
| Sub Total | $ | 18,638,008.58 | |
| Collections | $ | 20,083,940.67 | |
| |
| Purchase Amounts: | |
| Purchase Amounts Related to Principal | $ | 232,864.78 | |
| Purchase Amounts Related to Interest | $ | 1,504.17 | |
| Sub Total | $ | 234,368.95 | |
| |
| Clean-up Call | $ | 0.00 | |
| |
| Reserve Account Draw Amount | $ | 0.00 | |
| |
| Available Funds - Total | $ | 20,318,309.62 | |
Ford Credit Auto Owner Trust 2023-A
Monthly Investor Report
| | | | | |
| Collection Period | May 2026 |
| Payment Date | 6/15/2026 |
| Transaction Month | 39 | |
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 | | | $ | 20,318,309.62 | |
| Servicing Fee | $ | 269,448.81 | | | $ | 269,448.81 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 20,048,860.81 | |
| Interest - Class A-1 Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 20,048,860.81 | |
| Interest - Class A-2a Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 20,048,860.81 | |
| Interest - Class A-2b Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 20,048,860.81 | |
| Interest - Class A-3 Notes | $ | 362,205.23 | | | $ | 362,205.23 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 19,686,655.58 | |
| Interest - Class A-4 Notes | $ | 364,800.00 | | | $ | 364,800.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 19,321,855.58 | |
| First Priority Principal Payment | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 19,321,855.58 | |
| Interest - Class B Notes | $ | 199,969.25 | | | $ | 199,969.25 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 19,121,886.33 | |
| Second Priority Principal Payment | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 19,121,886.33 | |
| Interest - Class C Notes | $ | 145,142.58 | | | $ | 145,142.58 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 18,976,743.75 | |
| Reserve Account Deposit | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 18,976,743.75 | |
| Regular Principal Payment | $ | 17,168,601.56 | | | $ | 17,168,601.56 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 1,808,142.19 | |
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 1,808,142.19 | |
| Residual Released to Depositor | $ | 0.00 | | | $ | 1,808,142.19 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| Total | | | $ | 20,318,309.62 | | | | | | | |
| | | | | | | | | |
| Principal Payment: | | | | | | | | | |
| First Priority Principal Payment | | | | | | | | | $ | 0.00 | |
| Second Priority Principal Payment | | | | | | | | | $ | 0.00 | |
| Regular Principal Payment | | | | | | | | | $ | 17,168,601.56 | |
| Total | | | | | | | | | $ | 17,168,601.56 | |
| | | | | | | | | |
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 | $ | 17,168,601.56 | | | $ | 33.66 | | | $ | 362,205.23 | | | $ | 0.71 | | | $ | 17,530,806.79 | | | $ | 34.37 | |
| Class A-4 Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 364,800.00 | | | $ | 3.80 | | | $ | 364,800.00 | | | $ | 3.80 | |
| Class B Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 199,969.25 | | | $ | 4.23 | | | $ | 199,969.25 | | | $ | 4.23 | |
| Class C Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 145,142.58 | | | $ | 4.59 | | | $ | 145,142.58 | | | $ | 4.59 | |
| Total | $ | 17,168,601.56 | | | $ | 10.87 | | | $ | 1,072,117.06 | | | $ | 0.68 | | | $ | 18,240,718.62 | | | $ | 11.55 | |
| | | | | | | | | | | |
Ford Credit Auto Owner Trust 2023-A
Monthly Investor Report
| | | | | |
| Collection Period | May 2026 |
| Payment Date | 6/15/2026 |
| Transaction Month | 39 | |
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 | $ | 93,472,318.28 | | | 0.1832791 | | $ | 76,303,716.72 | | | 0.1496151 |
| Class A-4 Notes | $ | 96,000,000.00 | | | 1.0000000 | | $ | 96,000,000.00 | | | 1.0000000 |
| Class B Notes | $ | 47,330,000.00 | | | 1.0000000 | | $ | 47,330,000.00 | | | 1.0000000 |
| Class C Notes | $ | 31,610,000.00 | | | 1.0000000 | | $ | 31,610,000.00 | | | 1.0000000 |
| Total | $ | 268,412,318.28 | | | 0.1699953 | | $ | 251,243,716.72 | | | 0.1591218 |
| | | | | | | | | | | |
| Pool Information | | | |
| Weighted Average APR | 5.631 | % | | 5.662 | % |
| Weighted Average Remaining Term | 29.42 | | 28.68 |
| Number of Receivables Outstanding | 17,864 | | 17,305 |
| Pool Balance | $ | 323,338,570.94 | | | $ | 304,289,775.70 | |
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 300,893,983.21 | | | $ | 283,439,649.73 | |
| Pool Factor | 0.1866671 | | 0.1756700 |
| | | |
VI. OVERCOLLATERALIZATION INFORMATION
| | | | | |
| Specified Reserve Balance | $ | 3,947,369.48 | |
| Yield Supplement Overcollateralization Amount | $ | 20,850,125.97 | |
| Targeted Overcollateralization Amount | $ | 53,046,058.98 | |
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 53,046,058.98 | |
| |
VII. RECONCILIATION OF RESERVE ACCOUNT
| | | | | |
| Beginning Reserve Account Balance | $ | 3,947,369.48 | |
| Reserve Account Deposits Made | $ | 0.00 | |
| Reserve Account Draw Amount | $ | 0.00 | |
| Ending Reserve Account Balance | $ | 3,947,369.48 | |
| Change in Reserve Account Balance | $ | 0.00 | |
| Specified Reserve Balance | $ | 3,947,369.48 | |
| |
Ford Credit Auto Owner Trust 2023-A
Monthly Investor Report
| | | | | |
| Collection Period | May 2026 |
| Payment Date | 6/15/2026 |
| Transaction Month | 39 | |
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| | | | | | | | | | | | | | | | | |
| | | # of Receivables | | Amount |
| Current Collection Period Loss: | | | | | |
| Realized Loss (Charge-Offs) | | | 60 | | $ | 369,467.58 | |
| (Recoveries) | | | 107 | | $ | 191,545.70 | |
| Net Loss for Current Collection Period | | | | | $ | 177,921.88 | |
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | | | | | 0.6603 | % |
| | | | | |
| Prior and Current Collection Periods Average Loss: | | | | | |
| | | | | |
| Ratio of Net Loss to the Average Pool Balance (annualized) | | | | | |
| Third Prior Collection Period | | | | | 0.5370 | % |
| Second Prior Collection Period | | 0.8119 | % |
| Prior Collection Period | | | | | 1.3222 | % |
| Current Collection Period | | | | | 0.6804 | % |
| Four Month Average (Current and Prior Three Collection Periods) | | | | | 0.8379 | % |
| | | | | |
| Cumulative Loss: | | | | | |
| Cumulative Realized Loss (Charge-Offs) | | | 2,961 | | $ | 17,420,962.65 | |
| (Cumulative Recoveries) | | | | | $ | 3,292,970.92 | |
| Cumulative Net Loss for All Collection Periods | | | | | $ | 14,127,991.73 | |
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | | | | 0.8156 | % |
| | | | | |
| Average Realized Loss for Receivables that have experienced a Realized Loss | | | | | $ | 5,883.47 | |
| Average Net Loss for Receivables that have experienced a Realized Loss | | | | | $ | 4,771.36 | |
| | | | | |
| % of EOP Pool Balance | | # of Receivables | | Amount |
| Delinquent Receivables: | | | | | |
| 31-60 Days Delinquent | 2.04 | % | | 229 | | $ | 6,204,009.32 | |
| 61-90 Days Delinquent | 0.41 | % | | 46 | | $ | 1,245,781.27 | |
| 91-120 Days Delinquent | 0.09 | % | | 9 | | $ | 278,934.52 | |
| Over 120 Days Delinquent | 0.20 | % | | 20 | | $ | 599,192.46 | |
| Total Delinquent Receivables | 2.74 | % | | 304 | | $ | 8,327,917.57 | |
|
| Repossession Inventory: | | | | | |
| Repossessed in the Current Collection Period | | | 5 | | $ | 108,466.25 | |
| Total Repossessed Inventory | | | 16 | | $ | 358,880.48 | |
| | | | | |
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | | |
| Second Prior Collection Period | | | | | 0.3408 | % |
| Prior Collection Period | | | | | 0.3639 | % |
| Current Collection Period | | | | | 0.4334 | % |
| Three Month Average | | | | | 0.3793 | % |
| | | | | |
| Delinquency Trigger (61+ Delinquent Receivables) | | | | | |
| Transaction Month | Trigger | | | | |
| 1-12 | 0.80% | | | | |
| 13-24 | 1.50% | | | | |
| 25-36 | 2.60% | | | | |
| 37+ | 4.40% | | | | |
| 61+ Delinquent Receivables Balance to EOP Pool Balance | | | | | 0.6980 | % |
| Delinquency Trigger Occurred | | | | | No |
Ford Credit Auto Owner Trust 2023-A
Monthly Investor Report
| | | | | |
| Collection Period | May 2026 |
| Payment Date | 6/15/2026 |
| Transaction Month | 39 | |
| | | | | | | | | | | | | | |
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount |
| | | | |
| 1 Month Extended | | | 48 | $1,461,916.71 |
| 2 Months Extended | | | 78 | $2,066,486.90 |
| 3+ Months Extended | | | 22 | $547,020.95 |
| | | | |
| Total Receivables Extended | 148 | $4,075,424.56 |
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