Ford Credit Auto Owner Trust 2021-A

01/22/2025 | Press release | Distributed by Public on 01/22/2025 08:26

Asset-Backed Issuer Distribution Report (Form 10-D)


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
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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
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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

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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
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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
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