Ford Credit Auto Owner Trust 2021-A
Monthly Investor Report
|
Collection Period
|
December 2024
|
Payment Date
|
1/15/2025
|
Transaction Month
|
47
|
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 333-225949 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
|
$1,415,499,059.21
|
43,920
|
59.5 months
|
|
Dollar Amount
|
Note Interest Rate
|
Final Scheduled Payment Date
|
Original Securities:
|
Class A-1 Notes
|
$
|
204,970,000.00
|
0.11941
|
%
|
March 15, 2022
|
Class A-2 Notes
|
$
|
455,060,000.00
|
0.17
|
%
|
October 15, 2023
|
Class A-3 Notes
|
$
|
455,060,000.00
|
0.30
|
%
|
August 15, 2025
|
Class A-4 Notes
|
$
|
135,000,000.00
|
0.49
|
%
|
September 15, 2026
|
Class B Notes
|
$
|
39,470,000.00
|
0.70
|
%
|
October 15, 2026
|
Class C Notes
|
$
|
26,320,000.00
|
0.83
|
%
|
August 15, 2028
|
|
Total
|
$
|
1,315,880,000.00
|
|
II. AVAILABLE FUNDS
|
Interest:
|
Interest Collections
|
$
|
322,043.62
|
|
Principal:
|
Principal Collections
|
$
|
9,356,886.49
|
Prepayments in Full
|
$
|
3,005,397.70
|
Liquidation Proceeds
|
$
|
38,689.84
|
Recoveries
|
$
|
52,694.39
|
Sub Total
|
$
|
12,453,668.42
|
Collections
|
$
|
12,775,712.04
|
|
Purchase Amounts:
|
Purchase Amounts Related to Principal
|
$
|
76,732.53
|
Purchase Amounts Related to Interest
|
$
|
299.67
|
Sub Total
|
$
|
77,032.20
|
|
Clean-up Call
|
$
|
0.00
|
|
Reserve Account Draw Amount
|
$
|
0.00
|
|
Available Funds - Total
|
$
|
12,852,744.24
|
Page 1
Ford Credit Auto Owner Trust 2021-A
Monthly Investor Report
|
Collection Period
|
December 2024
|
Payment Date
|
1/15/2025
|
Transaction Month
|
47
|
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
|
$
|
12,852,744.24
|
Servicing Fee
|
$
|
141,618.62
|
$
|
141,618.62
|
$
|
0.00
|
$
|
0.00
|
$
|
12,711,125.62
|
Interest - Class A-1 Notes
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
12,711,125.62
|
Interest - Class A-2 Notes
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
12,711,125.62
|
Interest - Class A-3 Notes
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
12,711,125.62
|
Interest - Class A-4 Notes
|
$
|
28,279.28
|
$
|
28,279.28
|
$
|
0.00
|
$
|
0.00
|
$
|
12,682,846.34
|
First Priority Principal Payment
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
12,682,846.34
|
Interest - Class B Notes
|
$
|
23,024.17
|
$
|
23,024.17
|
$
|
0.00
|
$
|
0.00
|
$
|
12,659,822.17
|
Second Priority Principal Payment
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
12,659,822.17
|
Interest - Class C Notes
|
$
|
18,204.67
|
$
|
18,204.67
|
$
|
0.00
|
$
|
0.00
|
$
|
12,641,617.50
|
Reserve Account Deposit
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
12,641,617.50
|
Regular Principal Payment
|
$
|
11,856,403.08
|
$
|
11,856,403.08
|
$
|
0.00
|
$
|
0.00
|
$
|
785,214.42
|
Additional Trustee and Other Fees/Expenses
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
785,214.42
|
Residual Released to Depositor
|
$
|
0.00
|
$
|
785,214.42
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
|
Total
|
$
|
12,852,744.24
|
|
Principal Payment:
|
First Priority Principal Payment
|
$
|
0.00
|
Second Priority Principal Payment
|
$
|
0.00
|
Regular Principal Payment
|
$
|
11,856,403.08
|
Total
|
$
|
11,856,403.08
|
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-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
|
$
|
11,856,403.08
|
$
|
87.83
|
$
|
28,279.28
|
$
|
0.21
|
$
|
11,884,682.36
|
$
|
88.04
|
Class B Notes
|
$
|
0.00
|
$
|
0.00
|
$
|
23,024.17
|
$
|
0.58
|
$
|
23,024.17
|
$
|
0.58
|
Class C Notes
|
$
|
0.00
|
$
|
0.00
|
$
|
18,204.67
|
$
|
0.69
|
$
|
18,204.67
|
$
|
0.69
|
Total
|
$
|
11,856,403.08
|
$
|
9.01
|
$
|
69,508.12
|
$
|
0.05
|
$
|
11,925,911.20
|
$
|
9.06
|
Page 2
Ford Credit Auto Owner Trust 2021-A
Monthly Investor Report
|
Collection Period
|
December 2024
|
Payment Date
|
1/15/2025
|
Transaction Month
|
47
|
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
|
$
|
69,255,383.40
|
0.5130028
|
$
|
57,398,980.32
|
0.4251776
|
Class B Notes
|
$
|
39,470,000.00
|
1.0000000
|
$
|
39,470,000.00
|
1.0000000
|
Class C Notes
|
$
|
26,320,000.00
|
1.0000000
|
$
|
26,320,000.00
|
1.0000000
|
Total
|
$
|
135,045,383.40
|
0.1026274
|
$
|
123,188,980.32
|
0.0936172
|
|
Pool Information
|
Weighted Average APR
|
2.272
|
%
|
2.271
|
%
|
Weighted Average Remaining Term
|
21.56
|
20.83
|
Number of Receivables Outstanding
|
14,722
|
14,174
|
Pool Balance
|
$
|
169,942,347.18
|
$
|
157,279,415.18
|
Adjusted Pool Balance (Pool Balance - YSOC Amount)
|
$
|
161,363,036.46
|
$
|
149,506,633.38
|
Pool Factor
|
0.1200583
|
0.1111123
|
VI. OVERCOLLATERALIZATION INFORMATION
|
Specified Reserve Balance
|
$
|
3,289,706.63
|
Yield Supplement Overcollateralization Amount
|
$
|
7,772,781.80
|
Targeted Overcollateralization Amount
|
$
|
34,090,434.86
|
Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance)
|
$
|
34,090,434.86
|
VII. RECONCILIATION OF RESERVE ACCOUNT
|
Beginning Reserve Account Balance
|
$
|
3,289,706.63
|
Reserve Account Deposits Made
|
$
|
0.00
|
Reserve Account Draw Amount
|
$
|
0.00
|
Ending Reserve Account Balance
|
$
|
3,289,706.63
|
Change in Reserve Account Balance
|
$
|
0.00
|
Specified Reserve Balance
|
$
|
3,289,706.63
|
Page 3
Ford Credit Auto Owner Trust 2021-A
Monthly Investor Report
|
Collection Period
|
December 2024
|
Payment Date
|
1/15/2025
|
Transaction Month
|
47
|
VIII. NET LOSS AND DELINQUENT RECEIVABLES
|
# of Receivables
|
Amount
|
Current Collection Period Loss:
|
Realized Loss (Charge-Offs)
|
60
|
$
|
185,225.44
|
(Recoveries)
|
55
|
$
|
52,694.39
|
Net Loss for Current Collection Period
|
$
|
132,531.05
|
Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized)
|
0.9358
|
%
|
|
Prior and Current Collection Periods Average Loss:
|
|
Ratio of Net Loss to the Average Pool Balance (annualized)
|
Third Prior Collection Period
|
0.2490
|
%
|
Second Prior Collection Period
|
0.2959
|
%
|
Prior Collection Period
|
0.1514
|
%
|
Current Collection Period
|
0.9720
|
%
|
Four Month Average (Current and Prior Three Collection Periods)
|
0.4171
|
%
|
|
Cumulative Loss:
|
Cumulative Realized Loss (Charge-Offs)
|
2,019
|
$
|
6,845,375.84
|
(Cumulative Recoveries)
|
$
|
2,023,667.37
|
Cumulative Net Loss for All Collection Periods
|
$
|
4,821,708.47
|
Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance
|
0.3406
|
%
|
|
Average Realized Loss for Receivables that have experienced a Realized Loss
|
$
|
3,390.48
|
Average Net Loss for Receivables that have experienced a Realized Loss
|
$
|
2,388.17
|
|
% of EOP Pool Balance
|
# of Receivables
|
Amount
|
Delinquent Receivables:
|
31-60 Days Delinquent
|
2.50
|
%
|
251
|
$
|
3,937,648.91
|
61-90 Days Delinquent
|
0.30
|
%
|
31
|
$
|
471,865.72
|
91-120 Days Delinquent
|
0.08
|
%
|
7
|
$
|
118,708.43
|
Over 120 Days Delinquent
|
0.23
|
%
|
19
|
$
|
366,764.90
|
Total Delinquent Receivables
|
3.11
|
%
|
308
|
$
|
4,894,987.96
|
|
Repossession Inventory:
|
Repossessed in the Current Collection Period
|
9
|
$
|
212,940.77
|
Total Repossessed Inventory
|
19
|
$
|
412,052.25
|
|
Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables:
|
Second Prior Collection Period
|
0.4078
|
%
|
Prior Collection Period
|
0.3872
|
%
|
Current Collection Period
|
0.4021
|
%
|
Three Month Average
|
0.3991
|
%
|
|
Delinquency Trigger (61+ Delinquent Receivables)
|
Transaction Month
|
Trigger
|
1-12
|
0.70%
|
13-24
|
1.30%
|
25-36
|
2.30%
|
37+
|
3.60%
|
61+ Delinquent Receivables Balance to EOP Pool Balance
|
0.6087
|
%
|
Delinquency Trigger Occurred
|
No
|
Page 4
Ford Credit Auto Owner Trust 2021-A
Monthly Investor Report
|
Collection Period
|
December 2024
|
Payment Date
|
1/15/2025
|
Transaction Month
|
47
|
|
Receivables Granted Extensions in the Current Collection Period:
|
# of Receivables
|
Amount
|
|
1 Month Extended
|
87
|
$1,435,252.65
|
2 Months Extended
|
90
|
$1,533,954.48
|
3+ Months Extended
|
22
|
$395,018.99
|
|
Total Receivables Extended
|
199
|
$3,364,226.12
|
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
Page 5