Ford Credit Auto Owner Trust 2023-A
12/18/2025 | Press release | Distributed by Public on 12/18/2025 06:53
Asset-Backed Issuer Distribution Report (Form 10-D)
Ford Credit Auto Owner Trust 2023-A
Monthly Investor Report
| Collection Period | November 2025 | ||||
| Payment Date | 12/15/2025 | ||||
| Transaction Month | 33 | ||||
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 | $ | 1,732,167,317.56 | 48,752 | 57.8 months | |||||||||||||
| Dollar Amount | Note Interest Rate | Final Scheduled Payment Date | |||||||||||||||
| Original Securities | |||||||||||||||||
| Class A-1 Notes | $ | 300,000,000.00 | 5.028 | % | April 15, 2024 | ||||||||||||
| Class A-2a Notes | $ | 359,000,000.00 | 5.14 | % | March 15, 2026 | ||||||||||||
| Class A-2b Notes | $ | 235,000,000.00 | 4.86202 | % | * | March 15, 2026 | |||||||||||
| Class A-3 Notes | $ | 510,000,000.00 | 4.65 | % | February 15, 2028 | ||||||||||||
| Class A-4 Notes | $ | 96,000,000.00 | 4.56 | % | December 15, 2028 | ||||||||||||
| Class B Notes | $ | 47,330,000.00 | 5.07 | % | January 15, 2029 | ||||||||||||
| Class C Notes | $ | 31,610,000.00 | 5.51 | % | September 15, 2030 | ||||||||||||
| Total | $ | 1,578,940,000.00 | |||||||||||||||
| * 30-day average SOFR + 0.72% | |||||||||||||||||
II. AVAILABLE FUNDS
| Interest: | |||||
| Interest Collections | $ | 1,917,478.21 | |||
| Principal: | |||||
| Principal Collections | $ | 15,554,311.76 | |||
| Prepayments in Full | $ | 6,387,732.61 | |||
| Liquidation Proceeds | $ | 185,853.13 | |||
| Recoveries | $ | 142,001.35 | |||
| Sub Total | $ | 22,269,898.85 | |||
| Collections | $ | 24,187,377.06 | |||
| Purchase Amounts: | |||||
| Purchase Amounts Related to Principal | $ | 330,926.54 | |||
| Purchase Amounts Related to Interest | $ | 2,256.15 | |||
| Sub Total | $ | 333,182.69 | |||
| Clean-up Call | $ | 0.00 | |||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Available Funds - Total | $ | 24,520,559.75 | |||
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Ford Credit Auto Owner Trust 2023-A
Monthly Investor Report
| Collection Period | November 2025 | ||||
| Payment Date | 12/15/2025 | ||||
| Transaction Month | 33 | ||||
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 | $ | 24,520,559.75 | |||||||||||||||||||
| Servicing Fee | $ | 383,889.45 | $ | 383,889.45 | $ | 0.00 | $ | 0.00 | $ | 24,136,670.30 | |||||||||||||||||||
| Interest - Class A-1 Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 24,136,670.30 | |||||||||||||||||||
| Interest - Class A-2a Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 24,136,670.30 | |||||||||||||||||||
| Interest - Class A-2b Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 24,136,670.30 | |||||||||||||||||||
| Interest - Class A-3 Notes | $ | 842,813.76 | $ | 842,813.76 | $ | 0.00 | $ | 0.00 | $ | 23,293,856.54 | |||||||||||||||||||
| Interest - Class A-4 Notes | $ | 364,800.00 | $ | 364,800.00 | $ | 0.00 | $ | 0.00 | $ | 22,929,056.54 | |||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 22,929,056.54 | |||||||||||||||||||
| Interest - Class B Notes | $ | 199,969.25 | $ | 199,969.25 | $ | 0.00 | $ | 0.00 | $ | 22,729,087.29 | |||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 22,729,087.29 | |||||||||||||||||||
| Interest - Class C Notes | $ | 145,142.58 | $ | 145,142.58 | $ | 0.00 | $ | 0.00 | $ | 22,583,944.71 | |||||||||||||||||||
| Reserve Account Deposit | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 22,583,944.71 | |||||||||||||||||||
| Regular Principal Payment | $ | 20,292,862.26 | $ | 20,292,862.26 | $ | 0.00 | $ | 0.00 | $ | 2,291,082.45 | |||||||||||||||||||
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 2,291,082.45 | |||||||||||||||||||
| Residual Released to Depositor | $ | 0.00 | $ | 2,291,082.45 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||
| Total | $ | 24,520,559.75 | |||||||||||||||||||||||||||
| Principal Payment: | |||||||||||||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Regular Principal Payment | $ | 20,292,862.26 | |||||||||||||||||||||||||||
| Total | $ | 20,292,862.26 | |||||||||||||||||||||||||||
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 | $ | 20,292,862.26 | $ | 39.79 | $ | 842,813.76 | $ | 1.65 | $ | 21,135,676.02 | $ | 41.44 | |||||||||||||||||||||||
| Class A-4 Notes | $ | 0.00 | $ | 0.00 | $ | 364,800.00 | $ | 3.80 | $ | 364,800.00 | $ | 3.80 | |||||||||||||||||||||||
| Class B Notes | $ | 0.00 | $ | 0.00 | $ | 199,969.25 | $ | 4.23 | $ | 199,969.25 | $ | 4.23 | |||||||||||||||||||||||
| Class C Notes | $ | 0.00 | $ | 0.00 | $ | 145,142.58 | $ | 4.59 | $ | 145,142.58 | $ | 4.59 | |||||||||||||||||||||||
| Total | $ | 20,292,862.26 | $ | 12.85 | $ | 1,552,725.59 | $ | 0.98 | $ | 21,845,587.85 | $ | 13.83 | |||||||||||||||||||||||
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Ford Credit Auto Owner Trust 2023-A
Monthly Investor Report
| Collection Period | November 2025 | ||||
| Payment Date | 12/15/2025 | ||||
| Transaction Month | 33 | ||||
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 | $ | 217,500,325.03 | 0.4264712 | $ | 197,207,462.77 | 0.3866813 | |||||||||||||||||
| Class A-4 Notes | $ | 96,000,000.00 | 1.0000000 | $ | 96,000,000.00 | 1.0000000 | |||||||||||||||||
| Class B Notes | $ | 47,330,000.00 | 1.0000000 | $ | 47,330,000.00 | 1.0000000 | |||||||||||||||||
| Class C Notes | $ | 31,610,000.00 | 1.0000000 | $ | 31,610,000.00 | 1.0000000 | |||||||||||||||||
| Total | $ | 392,440,325.03 | 0.2485467 | $ | 372,147,462.77 | 0.2356945 | |||||||||||||||||
| Pool Information | |||||||||||
| Weighted Average APR | 5.420 | % | 5.458 | % | |||||||
| Weighted Average Remaining Term | 33.57 | 32.90 | |||||||||
| Number of Receivables Outstanding | 22,780 | 22,034 | |||||||||
| Pool Balance | $ | 460,667,340.68 | $ | 437,939,011.90 | |||||||
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 426,981,921.51 | $ | 406,348,134.32 | |||||||
| Pool Factor | 0.2659485 | 0.2528272 | |||||||||
VI. OVERCOLLATERALIZATION INFORMATION
| Specified Reserve Balance | $ | 3,947,369.48 | |||
| Yield Supplement Overcollateralization Amount | $ | 31,590,877.58 | |||
| Targeted Overcollateralization Amount | $ | 65,791,549.13 | |||
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 65,791,549.13 | |||
VII. RECONCILIATION OF RESERVE ACCOUNT
| Beginning Reserve Account Balance | $ | 3,947,369.48 | |||
| Reserve Account Deposits Made | $ | 0.00 | |||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Ending Reserve Account Balance | $ | 3,947,369.48 | |||
| Change in Reserve Account Balance | $ | 0.00 | |||
| Specified Reserve Balance | $ | 3,947,369.48 | |||
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Ford Credit Auto Owner Trust 2023-A
Monthly Investor Report
| Collection Period | November 2025 | ||||
| Payment Date | 12/15/2025 | ||||
| Transaction Month | 33 | ||||
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| # of Receivables | Amount | ||||||||||||||||
| Current Collection Period Loss: | |||||||||||||||||
| Realized Loss (Charge-Offs) | 60 | $ | 269,504.74 | ||||||||||||||
| (Recoveries) | 85 | $ | 142,001.35 | ||||||||||||||
| Net Loss for Current Collection Period | $ | 127,503.39 | |||||||||||||||
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | 0.3321 | % | |||||||||||||||
| Prior and Current Collection Periods Average Loss: | |||||||||||||||||
| Ratio of Net Loss to the Average Pool Balance (annualized) | |||||||||||||||||
| Third Prior Collection Period | 1.0700 | % | |||||||||||||||
| Second Prior Collection Period | 0.6043 | % | |||||||||||||||
| Prior Collection Period | 1.0074 | % | |||||||||||||||
| Current Collection Period | 0.3405 | % | |||||||||||||||
| Four Month Average (Current and Prior Three Collection Periods) | 0.7555 | % | |||||||||||||||
| Cumulative Loss: | |||||||||||||||||
| Cumulative Realized Loss (Charge-Offs) | 2,526 | $ | 14,987,768.39 | ||||||||||||||
| (Cumulative Recoveries) | $ | 2,514,616.75 | |||||||||||||||
| Cumulative Net Loss for All Collection Periods | $ | 12,473,151.64 | |||||||||||||||
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | 0.7201 | % | |||||||||||||||
| Average Realized Loss for Receivables that have experienced a Realized Loss | $ | 5,933.40 | |||||||||||||||
| Average Net Loss for Receivables that have experienced a Realized Loss | $ | 4,937.91 | |||||||||||||||
| % of EOP Pool Balance | # of Receivables | Amount | |||||||||||||||
| Delinquent Receivables: | |||||||||||||||||
| 31-60 Days Delinquent | 1.68 | % | 260 | $ | 7,350,115.73 | ||||||||||||
| 61-90 Days Delinquent | 0.35 | % | 57 | $ | 1,548,495.47 | ||||||||||||
| 91-120 Days Delinquent | 0.05 | % | 6 | $ | 230,134.25 | ||||||||||||
| Over 120 Days Delinquent | 0.13 | % | 21 | $ | 586,847.24 | ||||||||||||
| Total Delinquent Receivables | 2.22 | % | 344 | $ | 9,715,592.69 | ||||||||||||
| Repossession Inventory: | |||||||||||||||||
| Repossessed in the Current Collection Period | 15 | $ | 350,753.01 | ||||||||||||||
| Total Repossessed Inventory | 30 | $ | 925,629.43 | ||||||||||||||
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | |||||||||||||||||
| Second Prior Collection Period | 0.2374 | % | |||||||||||||||
| Prior Collection Period | 0.3029 | % | |||||||||||||||
| Current Collection Period | 0.3812 | % | |||||||||||||||
| Three Month Average | 0.3072 | % | |||||||||||||||
| Delinquency Trigger (61+ Delinquent Receivables) | |||||||||||||||||
| Transaction Month | Trigger | ||||||||||||||||
| 1-12 | 0.80% | ||||||||||||||||
| 13-24 | 1.50% | ||||||||||||||||
| 25-36 | 2.60% | ||||||||||||||||
| 37+ | 4.40% | ||||||||||||||||
| 61+ Delinquent Receivables Balance to EOP Pool Balance | 0.5401 | % | |||||||||||||||
| Delinquency Trigger Occurred | No | ||||||||||||||||
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Ford Credit Auto Owner Trust 2023-A
Monthly Investor Report
| Collection Period | November 2025 | ||||
| Payment Date | 12/15/2025 | ||||
| Transaction Month | 33 | ||||
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount | ||||||||||||
| 1 Month Extended | 71 | $2,181,295.31 | ||||||||||||
| 2 Months Extended | 130 | $4,106,460.69 | ||||||||||||
| 3+ Months Extended | 34 | $1,058,875.16 | ||||||||||||
| Total Receivables Extended | 235 | $7,346,631.16 | ||||||||||||
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 7, 2025 | ||
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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Ford Credit Auto Owner Trust 2023-A published this content on December 18, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on December 18, 2025 at 12:53 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]