Ford Credit Auto Owner Trust 2022-B

01/22/2025 | Press release | Distributed by Public on 01/22/2025 08:47

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


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
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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
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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

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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
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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

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