Ford Credit Auto Owner Trust 2022-D
11/21/2024 | Press release | Distributed by Public on 11/21/2024 08:17
Asset Backed Issuer Distribution Report Form 10 D
Ford Credit Auto Owner Trust 2022-D
Monthly Investor Report
| Collection Period | October 2024 |
| Payment Date | 11/15/2024 |
| Transaction Month | 24 |
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 | $ | 1,471,280,949.11 | 45,366 | 54.6 months | ||
| Dollar Amount | Note Interest Rate | Final Scheduled Payment Date | ||||
| Original Securities | ||||||
| Class A-1 Notes | $ | 254,320,000.00 | 4.594 | % | December 15, 2023 | |
| Class A-2a Notes | $ | 300,340,000.00 | 5.37 | % | August 15, 2025 | |
| Class A-2b Notes | $ | 160,000,000.00 | 5.76981 | % | * | August 15, 2025 |
| Class A-3 Notes | $ | 460,340,000.00 | 5.27 | % | May 15, 2027 | |
| Class A-4 Notes | $ | 75,000,000.00 | 5.30 | % | March 15, 2028 | |
| Class B Notes | $ | 39,480,000.00 | 5.98 | % | June 15, 2028 | |
| Class C Notes | $ | 26,300,000.00 | 6.46 | % | May 15, 2030 | |
| Total | $ | 1,315,780,000.00 | ||||
| * 30-day average SOFR + 0.76% |
II. AVAILABLE FUNDS
| Interest: | ||
| Interest Collections | $ | 2,003,468.27 |
| Principal: | ||
| Principal Collections | $ | 19,325,738.24 |
| Prepayments in Full | $ | 9,402,250.54 |
| Liquidation Proceeds | $ | 447,617.96 |
| Recoveries | $ | 129,488.34 |
| Sub Total | $ | 29,305,095.08 |
| Collections | $ | 31,308,563.35 |
| Purchase Amounts: | ||
| Purchase Amounts Related to Principal | $ | 113,864.09 |
| Purchase Amounts Related to Interest | $ | 661.88 |
| Sub Total | $ | 114,525.97 |
| Clean-up Call | $ | 0.00 |
| Reserve Account Draw Amount | $ | 0.00 |
| Available Funds - Total | $ | 31,423,089.32 |
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Ford Credit Auto Owner Trust 2022-D
Monthly Investor Report
| Collection Period | October 2024 |
| Payment Date | 11/15/2024 |
| Transaction Month | 24 |
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 | $ | 31,423,089.32 |
| Servicing Fee | $ | 495,302.36 | $ | 495,302.36 | $ | 0.00 | $ | 0.00 | $ | 30,927,786.96 |
| Interest - Class A-1 Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 30,927,786.96 |
| Interest - Class A-2a Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 30,927,786.96 |
| Interest - Class A-2b Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 30,927,786.96 |
| Interest - Class A-3 Notes | $ | 1,612,466.58 | $ | 1,612,466.58 | $ | 0.00 | $ | 0.00 | $ | 29,315,320.38 |
| Interest - Class A-4 Notes | $ | 331,250.00 | $ | 331,250.00 | $ | 0.00 | $ | 0.00 | $ | 28,984,070.38 |
| First Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 28,984,070.38 |
| Interest - Class B Notes | $ | 196,742.00 | $ | 196,742.00 | $ | 0.00 | $ | 0.00 | $ | 28,787,328.38 |
| Second Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 28,787,328.38 |
| Interest - Class C Notes | $ | 141,581.67 | $ | 141,581.67 | $ | 0.00 | $ | 0.00 | $ | 28,645,746.71 |
| Reserve Account Deposit | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 28,645,746.71 |
| Regular Principal Payment | $ | 26,483,906.96 | $ | 26,483,906.96 | $ | 0.00 | $ | 0.00 | $ | 2,161,839.75 |
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 2,161,839.75 |
| Residual Released to Depositor | $ | 0.00 | $ | 2,161,839.75 | $ | 0.00 | $ | 0.00 | $ | 0.00 |
| Total | $ | 31,423,089.32 | ||||||||
| Principal Payment: | ||||||||||
| First Priority Principal Payment | $ | 0.00 | ||||||||
| Second Priority Principal Payment | $ | 0.00 | ||||||||
| Regular Principal Payment | $ | 26,483,906.96 | ||||||||
| Total | $ | 26,483,906.96 | ||||||||
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 | $ | 26,483,906.96 | $ | 57.53 | $ | 1,612,466.58 | $ | 3.50 | $ | 28,096,373.54 | $ | 61.03 |
| Class A-4 Notes | $ | 0.00 | $ | 0.00 | $ | 331,250.00 | $ | 4.42 | $ | 331,250.00 | $ | 4.42 |
| Class B Notes | $ | 0.00 | $ | 0.00 | $ | 196,742.00 | $ | 4.98 | $ | 196,742.00 | $ | 4.98 |
| Class C Notes | $ | 0.00 | $ | 0.00 | $ | 141,581.67 | $ | 5.38 | $ | 141,581.67 | $ | 5.38 |
| Total | $ | 26,483,906.96 | $ | 20.13 | $ | 2,282,040.25 | $ | 1.73 | $ | 28,765,947.21 | $ | 21.86 |
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Ford Credit Auto Owner Trust 2022-D
Monthly Investor Report
| Collection Period | October 2024 |
| Payment Date | 11/15/2024 |
| Transaction Month | 24 |
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 | $ | 367,165,065.53 | 0.7975954 | $ | 340,681,158.57 | 0.7400642 |
| Class A-4 Notes | $ | 75,000,000.00 | 1.0000000 | $ | 75,000,000.00 | 1.0000000 |
| Class B Notes | $ | 39,480,000.00 | 1.0000000 | $ | 39,480,000.00 | 1.0000000 |
| Class C Notes | $ | 26,300,000.00 | 1.0000000 | $ | 26,300,000.00 | 1.0000000 |
| Total | $ | 507,945,065.53 | 0.3860410 | $ | 481,461,158.57 | 0.3659131 |
| Pool Information | ||||
| Weighted Average APR | 4.092 | % | 4.112 | % |
| Weighted Average Remaining Term | 36.96 | 36.23 | ||
| Number of Receivables Outstanding | 26,863 | 26,126 | ||
| Pool Balance | $ | 594,362,837.64 | $ | 564,365,326.80 |
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 539,228,924.96 | $ | 512,295,055.34 |
| Pool Factor | 0.4039764 | 0.3835877 | ||
VI. OVERCOLLATERALIZATION INFORMATION
| Specified Reserve Balance | $ | 3,947,367.68 |
| Yield Supplement Overcollateralization Amount | $ | 52,070,271.46 |
| Targeted Overcollateralization Amount | $ | 82,904,168.23 |
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 82,904,168.23 |
VII. RECONCILIATION OF RESERVE ACCOUNT
| Beginning Reserve Account Balance | $ | 3,947,367.68 |
| Reserve Account Deposits Made | $ | 0.00 |
| Reserve Account Draw Amount | $ | 0.00 |
| Ending Reserve Account Balance | $ | 3,947,367.68 |
| Change in Reserve Account Balance | $ | 0.00 |
| Specified Reserve Balance | $ | 3,947,367.68 |
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Ford Credit Auto Owner Trust 2022-D
Monthly Investor Report
| Collection Period | October 2024 |
| Payment Date | 11/15/2024 |
| Transaction Month | 24 |
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| # of Receivables | Amount | ||||
| Current Collection Period Loss: | |||||
| Realized Loss (Charge-Offs) | 85 | $ | 708,040.01 | ||
| (Recoveries) | 66 | $ | 129,488.34 | ||
| Net Loss for Current Collection Period | $ | 578,551.67 | |||
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | 1.1681 | % | |||
| Prior and Current Collection Periods Average Loss: | |||||
| Ratio of Net Loss to the Average Pool Balance (annualized) | |||||
| Third Prior Collection Period | 0.5686 | % | |||
| Second Prior Collection Period | 0.5588 | % | |||
| Prior Collection Period | 0.2837 | % | |||
| Current Collection Period | 1.1983 | % | |||
| Four Month Average (Current and Prior Three Collection Periods) | 0.6524 | % | |||
| Cumulative Loss: | |||||
| Cumulative Realized Loss (Charge-Offs) | 1,576 | $ | 8,194,175.23 | ||
| (Cumulative Recoveries) | $ | 1,212,304.21 | |||
| Cumulative Net Loss for All Collection Periods | $ | 6,981,871.02 | |||
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | 0.4745 | % | |||
| Average Realized Loss for Receivables that have experienced a Realized Loss | $ | 5,199.35 | |||
| Average Net Loss for Receivables that have experienced a Realized Loss | $ | 4,430.12 | |||
| % of EOP Pool Balance | # of Receivables | Amount | |||
| Delinquent Receivables: | |||||
| 31-60 Days Delinquent | 1.36 | % | 256 | $ | 7,664,758.94 |
| 61-90 Days Delinquent | 0.33 | % | 58 | $ | 1,857,355.74 |
| 91-120 Days Delinquent | 0.06 | % | 9 | $ | 351,292.68 |
| Over 120 Days Delinquent | 0.12 | % | 20 | $ | 675,728.11 |
| Total Delinquent Receivables | 1.87 | % | 343 | $ | 10,549,135.47 |
| Repossession Inventory: | |||||
| Repossessed in the Current Collection Period | 17 | $ | 593,801.85 | ||
| Total Repossessed Inventory | 33 | $ | 1,195,565.84 | ||
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | |||||
| Second Prior Collection Period | 0.2531 | % | |||
| Prior Collection Period | 0.2904 | % | |||
| Current Collection Period | 0.3330 | % | |||
| Three Month Average | 0.2922 | % | |||
| 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 | 0.5111 | % | |||
| Delinquency Trigger Occurred | No |
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Ford Credit Auto Owner Trust 2022-D
Monthly Investor Report
| Collection Period | October 2024 |
| Payment Date | 11/15/2024 |
| Transaction Month | 24 |
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount |
| 1 Month Extended | 86 | $2,739,087.20 |
| 2 Months Extended | 184 | $6,220,725.23 |
| 3+ Months Extended | 34 | $1,036,056.07 |
| Total Receivables Extended | 304 | $9,995,868.50 |
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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