Ford Credit Auto Owner Trust 2022-B
Monthly Investor Report
|
Collection Period
|
December 2024
|
Payment Date
|
1/15/2025
|
Transaction Month
|
31
|
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
|
$
|
1,173,418,193.47
|
36,914
|
54.4 months
|
|
Dollar Amount
|
Note Interest Rate
|
Final Scheduled Payment Date
|
Original Securities
|
Class A-1 Notes
|
$
|
203,160,000.00
|
2.038
|
%
|
July 15, 2023
|
Class A-2a Notes
|
$
|
271,020,000.00
|
3.44
|
%
|
February 15, 2025
|
Class A-2b Notes
|
$
|
100,000,000.00
|
5.19757
|
%
|
*
|
February 15, 2025
|
Class A-3 Notes
|
$
|
321,020,000.00
|
3.74
|
%
|
September 15, 2026
|
Class A-4 Notes
|
$
|
104,800,000.00
|
3.93
|
%
|
August 15, 2027
|
Class B Notes
|
$
|
31,580,000.00
|
4.51
|
%
|
October 15, 2027
|
Class C Notes
|
$
|
21,050,000.00
|
4.85
|
%
|
December 15, 2029
|
Total
|
$
|
1,052,630,000.00
|
* 30-day average SOFR + 0.60%
|
II. AVAILABLE FUNDS
|
Interest:
|
Interest Collections
|
$
|
834,258.35
|
|
Principal:
|
Principal Collections
|
$
|
13,149,004.74
|
Prepayments in Full
|
$
|
5,185,533.23
|
Liquidation Proceeds
|
$
|
81,283.00
|
Recoveries
|
$
|
18,115.63
|
Sub Total
|
$
|
18,433,936.60
|
Collections
|
$
|
19,268,194.95
|
|
Purchase Amounts:
|
Purchase Amounts Related to Principal
|
$
|
0.00
|
Purchase Amounts Related to Interest
|
$
|
0.00
|
Sub Total
|
$
|
0.00
|
|
Clean-up Call
|
$
|
0.00
|
|
Reserve Account Draw Amount
|
$
|
0.00
|
|
Available Funds - Total
|
$
|
19,268,194.95
|
Page 1
Ford Credit Auto Owner Trust 2022-B
Monthly Investor Report
|
Collection Period
|
December 2024
|
Payment Date
|
1/15/2025
|
Transaction Month
|
31
|
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
|
$
|
19,268,194.95
|
Servicing Fee
|
$
|
272,359.97
|
$
|
272,359.97
|
$
|
0.00
|
$
|
0.00
|
$
|
18,995,834.98
|
Interest - Class A-1 Notes
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
18,995,834.98
|
Interest - Class A-2a Notes
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
18,995,834.98
|
Interest - Class A-2b Notes
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
18,995,834.98
|
Interest - Class A-3 Notes
|
$
|
367,002.84
|
$
|
367,002.84
|
$
|
0.00
|
$
|
0.00
|
$
|
18,628,832.14
|
Interest - Class A-4 Notes
|
$
|
343,220.00
|
$
|
343,220.00
|
$
|
0.00
|
$
|
0.00
|
$
|
18,285,612.14
|
First Priority Principal Payment
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
18,285,612.14
|
Interest - Class B Notes
|
$
|
118,688.17
|
$
|
118,688.17
|
$
|
0.00
|
$
|
0.00
|
$
|
18,166,923.97
|
Second Priority Principal Payment
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
18,166,923.97
|
Interest - Class C Notes
|
$
|
85,077.08
|
$
|
85,077.08
|
$
|
0.00
|
$
|
0.00
|
$
|
18,081,846.89
|
Reserve Account Deposit
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
18,081,846.89
|
Regular Principal Payment
|
$
|
16,642,907.47
|
$
|
16,642,907.47
|
$
|
0.00
|
$
|
0.00
|
$
|
1,438,939.42
|
Additional Trustee and Other Fees/Expenses
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
1,438,939.42
|
Residual Released to Depositor
|
$
|
0.00
|
$
|
1,438,939.42
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
Total
|
$
|
19,268,194.95
|
|
Principal Payment:
|
First Priority Principal Payment
|
$
|
0.00
|
Second Priority Principal Payment
|
$
|
0.00
|
Regular Principal Payment
|
$
|
16,642,907.47
|
Total
|
$
|
16,642,907.47
|
|
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
|
$
|
16,642,907.47
|
$
|
51.84
|
$
|
367,002.84
|
$
|
1.14
|
$
|
17,009,910.31
|
$
|
52.98
|
Class A-4 Notes
|
$
|
0.00
|
$
|
0.00
|
$
|
343,220.00
|
$
|
3.28
|
$
|
343,220.00
|
$
|
3.28
|
Class B Notes
|
$
|
0.00
|
$
|
0.00
|
$
|
118,688.17
|
$
|
3.76
|
$
|
118,688.17
|
$
|
3.76
|
Class C Notes
|
$
|
0.00
|
$
|
0.00
|
$
|
85,077.08
|
$
|
4.04
|
$
|
85,077.08
|
$
|
4.04
|
Total
|
$
|
16,642,907.47
|
$
|
15.81
|
$
|
913,988.09
|
$
|
0.87
|
$
|
17,556,895.56
|
$
|
16.68
|
|
Page 2
Ford Credit Auto Owner Trust 2022-B
Monthly Investor Report
|
Collection Period
|
December 2024
|
Payment Date
|
1/15/2025
|
Transaction Month
|
31
|
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
|
$
|
117,754,922.47
|
0.3668149
|
$
|
101,112,015.00
|
0.3149711
|
Class A-4 Notes
|
$
|
104,800,000.00
|
1.0000000
|
$
|
104,800,000.00
|
1.0000000
|
Class B Notes
|
$
|
31,580,000.00
|
1.0000000
|
$
|
31,580,000.00
|
1.0000000
|
Class C Notes
|
$
|
21,050,000.00
|
1.0000000
|
$
|
21,050,000.00
|
1.0000000
|
Total
|
$
|
275,184,922.47
|
0.2614261
|
$
|
258,542,015.00
|
0.2456153
|
|
Pool Information
|
Weighted Average APR
|
3.023
|
%
|
3.038
|
%
|
Weighted Average Remaining Term
|
30.53
|
29.82
|
Number of Receivables Outstanding
|
18,495
|
17,926
|
Pool Balance
|
$
|
326,831,964.36
|
$
|
308,053,194.50
|
Adjusted Pool Balance (Pool Balance - YSOC Amount)
|
$
|
298,508,457.06
|
$
|
281,583,868.04
|
Pool Factor
|
0.2785298
|
0.2625263
|
|
VI. OVERCOLLATERALIZATION INFORMATION
|
Specified Reserve Balance
|
$
|
2,631,579.30
|
Yield Supplement Overcollateralization Amount
|
$
|
26,469,326.46
|
Targeted Overcollateralization Amount
|
$
|
49,511,179.50
|
Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance)
|
$
|
49,511,179.50
|
|
VII. RECONCILIATION OF RESERVE ACCOUNT
|
Beginning Reserve Account Balance
|
$
|
2,631,579.30
|
Reserve Account Deposits Made
|
$
|
0.00
|
Reserve Account Draw Amount
|
$
|
0.00
|
Ending Reserve Account Balance
|
$
|
2,631,579.30
|
Change in Reserve Account Balance
|
$
|
0.00
|
Specified Reserve Balance
|
$
|
2,631,579.30
|
|
Page 3
Ford Credit Auto Owner Trust 2022-B
Monthly Investor Report
|
Collection Period
|
December 2024
|
Payment Date
|
1/15/2025
|
Transaction Month
|
31
|
VIII. NET LOSS AND DELINQUENT RECEIVABLES
|
# of Receivables
|
Amount
|
Current Collection Period Loss:
|
Realized Loss (Charge-Offs)
|
55
|
$
|
362,948.89
|
(Recoveries)
|
55
|
$
|
18,115.63
|
Net Loss for Current Collection Period
|
$
|
344,833.26
|
Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized)
|
1.2661
|
%
|
|
Prior and Current Collection Periods Average Loss:
|
|
Ratio of Net Loss to the Average Pool Balance (annualized)
|
Third Prior Collection Period
|
0.2383
|
%
|
Second Prior Collection Period
|
0.6831
|
%
|
Prior Collection Period
|
0.9150
|
%
|
Current Collection Period
|
1.3035
|
%
|
Four Month Average (Current and Prior Three Collection Periods)
|
0.7850
|
%
|
|
Cumulative Loss:
|
Cumulative Realized Loss (Charge-Offs)
|
1,372
|
$
|
6,243,200.74
|
(Cumulative Recoveries)
|
$
|
1,292,901.06
|
Cumulative Net Loss for All Collection Periods
|
$
|
4,950,299.68
|
Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance
|
0.4219
|
%
|
|
Average Realized Loss for Receivables that have experienced a Realized Loss
|
$
|
4,550.44
|
Average Net Loss for Receivables that have experienced a Realized Loss
|
$
|
3,608.09
|
|
% of EOP Pool Balance
|
# of Receivables
|
Amount
|
Delinquent Receivables:
|
31-60 Days Delinquent
|
1.65
|
%
|
218
|
$
|
5,089,852.57
|
61-90 Days Delinquent
|
0.26
|
%
|
34
|
$
|
805,938.53
|
91-120 Days Delinquent
|
0.02
|
%
|
3
|
$
|
55,794.10
|
Over 120 Days Delinquent
|
0.23
|
%
|
19
|
$
|
697,893.81
|
Total Delinquent Receivables
|
2.16
|
%
|
274
|
$
|
6,649,479.01
|
|
Repossession Inventory:
|
Repossessed in the Current Collection Period
|
3
|
$
|
45,937.89
|
Total Repossessed Inventory
|
13
|
$
|
373,357.33
|
|
Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables:
|
Second Prior Collection Period
|
0.3100
|
%
|
Prior Collection Period
|
0.2758
|
%
|
Current Collection Period
|
0.3124
|
%
|
Three Month Average
|
0.2994
|
%
|
|
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
|
0.5063
|
%
|
Delinquency Trigger Occurred
|
No
|
Page 4
Ford Credit Auto Owner Trust 2022-B
Monthly Investor Report
|
Collection Period
|
December 2024
|
Payment Date
|
1/15/2025
|
Transaction Month
|
31
|
|
Receivables Granted Extensions in the Current Collection Period:
|
# of Receivables
|
Amount
|
|
1 Month Extended
|
82
|
$1,999,105.90
|
2 Months Extended
|
90
|
$2,060,593.55
|
3+ Months Extended
|
16
|
$376,509.43
|
|
Total Receivables Extended
|
188
|
$4,436,208.88
|
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
|
|
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
Page 5