Ford Credit Auto Owner Trust 2022-D
Monthly Investor Report
|
Collection Period
|
August 2024
|
Payment Date
|
9/16/2024
|
Transaction Month
|
22
|
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
|
6.11353
|
%
|
*
|
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
|
$
|
2,202,653.37
|
|
Principal:
|
Principal Collections
|
$
|
20,048,566.99
|
Prepayments in Full
|
$
|
10,977,334.28
|
Liquidation Proceeds
|
$
|
318,645.65
|
Recoveries
|
$
|
64,691.12
|
Sub Total
|
$
|
31,409,238.04
|
Collections
|
$
|
33,611,891.41
|
|
Purchase Amounts:
|
Purchase Amounts Related to Principal
|
$
|
111,402.10
|
Purchase Amounts Related to Interest
|
$
|
453.96
|
Sub Total
|
$
|
111,856.06
|
|
Clean-up Call
|
$
|
0.00
|
|
Reserve Account Draw Amount
|
$
|
0.00
|
|
Available Funds - Total
|
$
|
33,723,747.47
|
Page 1
Ford Credit Auto Owner Trust 2022-D
Monthly Investor Report
|
Collection Period
|
August 2024
|
Payment Date
|
9/16/2024
|
Transaction Month
|
22
|
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
|
$
|
33,723,747.47
|
Servicing Fee
|
$
|
545,853.06
|
$
|
545,853.06
|
$
|
0.00
|
$
|
0.00
|
$
|
33,177,894.41
|
Interest - Class A-1 Notes
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
33,177,894.41
|
Interest - Class A-2a Notes
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
33,177,894.41
|
Interest - Class A-2b Notes
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
33,177,894.41
|
Interest - Class A-3 Notes
|
$
|
1,846,553.06
|
$
|
1,846,553.06
|
$
|
0.00
|
$
|
0.00
|
$
|
31,331,341.35
|
Interest - Class A-4 Notes
|
$
|
331,250.00
|
$
|
331,250.00
|
$
|
0.00
|
$
|
0.00
|
$
|
31,000,091.35
|
First Priority Principal Payment
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
31,000,091.35
|
Interest - Class B Notes
|
$
|
196,742.00
|
$
|
196,742.00
|
$
|
0.00
|
$
|
0.00
|
$
|
30,803,349.35
|
Second Priority Principal Payment
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
30,803,349.35
|
Interest - Class C Notes
|
$
|
141,581.67
|
$
|
141,581.67
|
$
|
0.00
|
$
|
0.00
|
$
|
30,661,767.68
|
Reserve Account Deposit
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
30,661,767.68
|
Regular Principal Payment
|
$
|
28,062,811.57
|
$
|
28,062,811.57
|
$
|
0.00
|
$
|
0.00
|
$
|
2,598,956.11
|
Additional Trustee and Other Fees/Expenses
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
2,598,956.11
|
Residual Released to Depositor
|
$
|
0.00
|
$
|
2,598,956.11
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
Total
|
$
|
33,723,747.47
|
|
Principal Payment:
|
First Priority Principal Payment
|
$
|
0.00
|
Second Priority Principal Payment
|
$
|
0.00
|
Regular Principal Payment
|
$
|
28,062,811.57
|
Total
|
$
|
28,062,811.57
|
|
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
|
$
|
28,062,811.57
|
$
|
60.96
|
$
|
1,846,553.06
|
$
|
4.01
|
$
|
29,909,364.63
|
$
|
64.97
|
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
|
$
|
28,062,811.57
|
$
|
21.33
|
$
|
2,516,126.73
|
$
|
1.91
|
$
|
30,578,938.30
|
$
|
23.24
|
|
Page 2
Ford Credit Auto Owner Trust 2022-D
Monthly Investor Report
|
Collection Period
|
August 2024
|
Payment Date
|
9/16/2024
|
Transaction Month
|
22
|
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
|
$
|
420,467,490.86
|
0.9133847
|
$
|
392,404,679.29
|
0.8524236
|
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
|
$
|
561,247,490.86
|
0.4265512
|
$
|
533,184,679.29
|
0.4052233
|
|
Pool Information
|
Weighted Average APR
|
4.054
|
%
|
4.071
|
%
|
Weighted Average Remaining Term
|
38.43
|
37.68
|
Number of Receivables Outstanding
|
28,565
|
27,658
|
Pool Balance
|
$
|
655,023,676.62
|
$
|
623,205,410.08
|
Adjusted Pool Balance (Pool Balance - YSOC Amount)
|
$
|
593,441,262.88
|
$
|
564,901,177.31
|
Pool Factor
|
0.4452064
|
0.4235802
|
|
VI. OVERCOLLATERALIZATION INFORMATION
|
Specified Reserve Balance
|
$
|
3,947,367.68
|
Yield Supplement Overcollateralization Amount
|
$
|
58,304,232.77
|
Targeted Overcollateralization Amount
|
$
|
90,020,730.79
|
Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance)
|
$
|
90,020,730.79
|
|
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
|
|
Page 3
Ford Credit Auto Owner Trust 2022-D
Monthly Investor Report
|
Collection Period
|
August 2024
|
Payment Date
|
9/16/2024
|
Transaction Month
|
22
|
VIII. NET LOSS AND DELINQUENT RECEIVABLES
|
# of Receivables
|
Amount
|
Current Collection Period Loss:
|
Realized Loss (Charge-Offs)
|
68
|
$
|
362,317.52
|
(Recoveries)
|
52
|
$
|
64,691.12
|
Net Loss for Current Collection Period
|
$
|
297,626.40
|
Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized)
|
0.5453
|
%
|
|
Prior and Current Collection Periods Average Loss:
|
|
Ratio of Net Loss to the Average Pool Balance (annualized)
|
Third Prior Collection Period
|
0.6157
|
%
|
Second Prior Collection Period
|
0.2098
|
%
|
Prior Collection Period
|
0.5686
|
%
|
Current Collection Period
|
0.5588
|
%
|
Four Month Average (Current and Prior Three Collection Periods)
|
0.4882
|
%
|
|
Cumulative Loss:
|
Cumulative Realized Loss (Charge-Offs)
|
1,414
|
$
|
7,230,733.60
|
(Cumulative Recoveries)
|
$
|
971,342.63
|
Cumulative Net Loss for All Collection Periods
|
$
|
6,259,390.97
|
Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance
|
0.4254
|
%
|
|
Average Realized Loss for Receivables that have experienced a Realized Loss
|
$
|
5,113.67
|
Average Net Loss for Receivables that have experienced a Realized Loss
|
$
|
4,426.73
|
|
% of EOP Pool Balance
|
# of Receivables
|
Amount
|
Delinquent Receivables:
|
31-60 Days Delinquent
|
1.24
|
%
|
229
|
$
|
7,746,098.53
|
61-90 Days Delinquent
|
0.23
|
%
|
39
|
$
|
1,422,256.15
|
91-120 Days Delinquent
|
0.06
|
%
|
11
|
$
|
371,346.32
|
Over 120 Days Delinquent
|
0.11
|
%
|
20
|
$
|
691,895.44
|
Total Delinquent Receivables
|
1.64
|
%
|
299
|
$
|
10,231,596.44
|
|
Repossession Inventory:
|
Repossessed in the Current Collection Period
|
18
|
$
|
668,510.45
|
Total Repossessed Inventory
|
33
|
$
|
1,269,093.74
|
|
Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables:
|
Second Prior Collection Period
|
0.2214
|
%
|
Prior Collection Period
|
0.2696
|
%
|
Current Collection Period
|
0.2531
|
%
|
Three Month Average
|
0.2480
|
%
|
|
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
|
0.3988
|
%
|
Delinquency Trigger Occurred
|
No
|
Page 4
Ford Credit Auto Owner Trust 2022-D
Monthly Investor Report
|
Collection Period
|
August 2024
|
Payment Date
|
9/16/2024
|
Transaction Month
|
22
|
|
Receivables Granted Extensions in the Current Collection Period:
|
# of Receivables
|
Amount
|
|
1 Month Extended
|
86
|
$2,740,447.75
|
2 Months Extended
|
122
|
$4,278,496.86
|
3+ Months Extended
|
23
|
$613,576.27
|
|
Total Receivables Extended
|
231
|
$7,632,520.88
|
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