Ford Credit Auto Owner Trust 2022-A
01/22/2025 | Press release | Distributed by Public on 01/22/2025 08:34
Asset-Backed Issuer Distribution Report (Form 10-D)
Ford Credit Auto Owner Trust 2022-A
Monthly Investor Report
| Collection Period | December 2024 |
| Payment Date | 1/15/2025 |
| Transaction Month | 36 |
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 | $ | 581,532.88 |
| Principal: | ||
| Principal Collections | $ | 10,786,118.64 |
| Prepayments in Full | $ | 4,502,556.22 |
| Liquidation Proceeds | $ | 83,211.88 |
| Recoveries | $ | 48,147.76 |
| Sub Total | $ | 15,420,034.50 |
| Collections | $ | 16,001,567.38 |
| Purchase Amounts: | ||
| Purchase Amounts Related to Principal | $ | 156,919.44 |
| Purchase Amounts Related to Interest | $ | 553.83 |
| Sub Total | $ | 157,473.27 |
| Clean-up Call | $ | 0.00 |
| Reserve Account Draw Amount | $ | 0.00 |
| Available Funds - Total | $ | 16,159,040.65 |
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Ford Credit Auto Owner Trust 2022-A
Monthly Investor Report
| Collection Period | December 2024 |
| Payment Date | 1/15/2025 |
| Transaction Month | 36 |
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 | $ | 16,159,040.65 |
| Servicing Fee | $ | 216,626.21 | $ | 216,626.21 | $ | 0.00 | $ | 0.00 | $ | 15,942,414.44 |
| Interest - Class A-1 Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 15,942,414.44 |
| Interest - Class A-2 Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 15,942,414.44 |
| Interest - Class A-3 Notes | $ | 78,507.09 | $ | 78,507.09 | $ | 0.00 | $ | 0.00 | $ | 15,863,907.35 |
| Interest - Class A-4 Notes | $ | 123,552.00 | $ | 123,552.00 | $ | 0.00 | $ | 0.00 | $ | 15,740,355.35 |
| First Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 15,740,355.35 |
| Interest - Class B Notes | $ | 50,233.00 | $ | 50,233.00 | $ | 0.00 | $ | 0.00 | $ | 15,690,122.35 |
| Second Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 15,690,122.35 |
| Interest - Class C Notes | $ | 37,485.67 | $ | 37,485.67 | $ | 0.00 | $ | 0.00 | $ | 15,652,636.68 |
| Reserve Account Deposit | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 15,652,636.68 |
| Regular Principal Payment | $ | 14,207,805.06 | $ | 14,207,805.06 | $ | 0.00 | $ | 0.00 | $ | 1,444,831.62 |
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 1,444,831.62 |
| Residual Released to Depositor | $ | 0.00 | $ | 1,444,831.62 | $ | 0.00 | $ | 0.00 | $ | 0.00 |
| Total | $ | 16,159,040.65 | ||||||||
| Principal Payment: | ||||||||||
| First Priority Principal Payment | $ | 0.00 | ||||||||
| Second Priority Principal Payment | $ | 0.00 | ||||||||
| Regular Principal Payment | $ | 14,207,805.06 | ||||||||
| Total | $ | 14,207,805.06 |
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 | $ | 14,207,805.06 | $ | 39.31 | $ | 78,507.09 | $ | 0.22 | $ | 14,286,312.15 | $ | 39.53 |
| 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 | $ | 14,207,805.06 | $ | 13.50 | $ | 289,777.76 | $ | 0.28 | $ | 14,497,582.82 | $ | 13.78 |
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Ford Credit Auto Owner Trust 2022-A
Monthly Investor Report
| Collection Period | December 2024 |
| Payment Date | 1/15/2025 |
| Transaction Month | 36 |
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 | $ | 73,029,850.73 | 0.2020637 | $ | 58,822,045.67 | 0.1627526 |
| 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 | $ | 220,649,850.73 | 0.2096137 | $ | 206,442,045.67 | 0.1961165 |
| Pool Information | ||||
| Weighted Average APR | 2.631 | % | 2.642 | % |
| Weighted Average Remaining Term | 28.49 | 27.72 | ||
| Number of Receivables Outstanding | 16,074 | 15,539 | ||
| Pool Balance | $ | 259,951,448.04 | $ | 244,322,587.35 |
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 242,970,662.59 | $ | 228,528,424.62 |
| Pool Factor | 0.2267963 | 0.2131608 |
VI. OVERCOLLATERALIZATION INFORMATION
| Specified Reserve Balance | $ | 2,631,648.59 |
| Yield Supplement Overcollateralization Amount | $ | 15,794,162.73 |
| Targeted Overcollateralization Amount | $ | 37,880,541.68 |
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 37,880,541.68 |
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 |
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Ford Credit Auto Owner Trust 2022-A
Monthly Investor Report
| Collection Period | December 2024 |
| Payment Date | 1/15/2025 |
| Transaction Month | 36 |
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| # of Receivables | Amount | ||||
| Current Collection Period Loss: | |||||
| Realized Loss (Charge-Offs) | 36 | $ | 100,054.51 | ||
| (Recoveries) | 39 | $ | 48,147.76 | ||
| Net Loss for Current Collection Period | $ | 51,906.75 | |||
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | 0.2396 | % | |||
| Prior and Current Collection Periods Average Loss: | |||||
| Ratio of Net Loss to the Average Pool Balance (annualized) | |||||
| Third Prior Collection Period | 0.5454 | % | |||
| Second Prior Collection Period | 0.6499 | % | |||
| Prior Collection Period | 0.3738 | % | |||
| Current Collection Period | 0.2470 | % | |||
| Four Month Average (Current and Prior Three Collection Periods) | 0.4540 | % | |||
| Cumulative Loss: | |||||
| Cumulative Realized Loss (Charge-Offs) | 1,306 | $ | 5,264,676.64 | ||
| (Cumulative Recoveries) | $ | 1,285,416.42 | |||
| Cumulative Net Loss for All Collection Periods | $ | 3,979,260.22 | |||
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | 0.3472 | % | |||
| Average Realized Loss for Receivables that have experienced a Realized Loss | $ | 4,031.15 | |||
| Average Net Loss for Receivables that have experienced a Realized Loss | $ | 3,046.91 | |||
| % of EOP Pool Balance | # of Receivables | Amount | |||
| Delinquent Receivables: | |||||
| 31-60 Days Delinquent | 1.69 | % | 182 | $ | 4,118,325.46 |
| 61-90 Days Delinquent | 0.25 | % | 29 | $ | 605,250.13 |
| 91-120 Days Delinquent | 0.08 | % | 9 | $ | 183,749.62 |
| Over 120 Days Delinquent | 0.15 | % | 12 | $ | 356,156.09 |
| Total Delinquent Receivables | 2.15 | % | 232 | $ | 5,263,481.30 |
| Repossession Inventory: | |||||
| Repossessed in the Current Collection Period | 7 | $ | 186,236.81 | ||
| Total Repossessed Inventory | 9 | $ | 229,101.45 | ||
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | |||||
| Second Prior Collection Period | 0.2656 | % | |||
| Prior Collection Period | 0.3359 | % | |||
| Current Collection Period | 0.3218 | % | |||
| Three Month Average | 0.3078 | % | |||
| 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 | 0.4687 | % | |||
| Delinquency Trigger Occurred | No |
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Ford Credit Auto Owner Trust 2022-A
Monthly Investor Report
| Collection Period | December 2024 |
| Payment Date | 1/15/2025 |
| Transaction Month | 36 |
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount |
| 1 Month Extended | 64 | $1,539,895.19 |
| 2 Months Extended | 103 | $2,556,281.40 |
| 3+ Months Extended | 12 | $290,780.98 |
| Total Receivables Extended | 179 | $4,386,957.57 |
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 5, 2024 |
SERVICER CERTIFICATION
THIS REPORT IS ACCURATE IN ALL MATERIAL RESPECTS.
Ford Motor Credit Company LLC
/s/ Ryan M. Hershberger
Assistant Treasurer
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