Ford Credit Auto Owner Trust 2023-B
12/18/2025 | Press release | Distributed by Public on 12/18/2025 06:56
Asset-Backed Issuer Distribution Report (Form 10-D)
Ford Credit Auto Owner Trust 2023-B
Monthly Investor Report
| Collection Period | November 2025 | ||||
| Payment Date | 12/15/2025 | ||||
| Transaction Month | 30 | ||||
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 | $ | 1,719,380,848.17 | 49,034 | 56.5 months | |||||||||||||
| Dollar Amount | Note Interest Rate | Final Scheduled Payment Date | |||||||||||||||
| Original Securities | |||||||||||||||||
| Class A-1 Notes | $ | 350,000,000.00 | 5.517 | % | July 15, 2024 | ||||||||||||
| Class A-2a Notes | $ | 350,000,000.00 | 5.57 | % | June 15, 2026 | ||||||||||||
| Class A-2b Notes | $ | 250,000,000.00 | 4.63202 | % | * | June 15, 2026 | |||||||||||
| Class A-3 Notes | $ | 479,000,000.00 | 5.23 | % | May 15, 2028 | ||||||||||||
| Class A-4 Notes | $ | 71,000,000.00 | 5.06 | % | February 15, 2029 | ||||||||||||
| Class B Notes | $ | 47,330,000.00 | 5.56 | % | March 15, 2029 | ||||||||||||
| Class C Notes | $ | 31,610,000.00 | 5.71 | % | December 15, 2030 | ||||||||||||
| Total | $ | 1,578,940,000.00 | |||||||||||||||
| * 30-day average SOFR + 0.49% | |||||||||||||||||
II. AVAILABLE FUNDS
| Interest: | |||||
| Interest Collections | $ | 2,161,210.73 | |||
| Principal: | |||||
| Principal Collections | $ | 16,827,109.92 | |||
| Prepayments in Full | $ | 7,951,090.69 | |||
| Liquidation Proceeds | $ | 247,466.86 | |||
| Recoveries | $ | 117,047.05 | |||
| Sub Total | $ | 25,142,714.52 | |||
| Collections | $ | 27,303,925.25 | |||
| Purchase Amounts: | |||||
| Purchase Amounts Related to Principal | $ | 162,459.46 | |||
| Purchase Amounts Related to Interest | $ | 1,094.64 | |||
| Sub Total | $ | 163,554.10 | |||
| Clean-up Call | $0.00 | ||||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Available Funds - Total | $ | 27,467,479.35 | |||
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Ford Credit Auto Owner Trust 2023-B
Monthly Investor Report
| Collection Period | November 2025 | ||||
| Payment Date | 12/15/2025 | ||||
| Transaction Month | 30 | ||||
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 | $ | 27,467,479.35 | |||||||||||||||||||
| Servicing Fee | $ | 429,872.28 | $ | 429,872.28 | $ | 0.00 | $ | 0.00 | $ | 27,037,607.07 | |||||||||||||||||||
| Interest - Class A-1 Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 27,037,607.07 | |||||||||||||||||||
| Interest - Class A-2a Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 27,037,607.07 | |||||||||||||||||||
| Interest - Class A-2b Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 27,037,607.07 | |||||||||||||||||||
| Interest - Class A-3 Notes | $ | 1,288,257.38 | $ | 1,288,257.38 | $ | 0.00 | $ | 0.00 | $ | 25,749,349.69 | |||||||||||||||||||
| Interest - Class A-4 Notes | $ | 299,383.33 | $ | 299,383.33 | $ | 0.00 | $ | 0.00 | $ | 25,449,966.36 | |||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 25,449,966.36 | |||||||||||||||||||
| Interest - Class B Notes | $ | 219,295.67 | $ | 219,295.67 | $ | 0.00 | $ | 0.00 | $ | 25,230,670.69 | |||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 25,230,670.69 | |||||||||||||||||||
| Interest - Class C Notes | $ | 150,410.92 | $ | 150,410.92 | $ | 0.00 | $ | 0.00 | $ | 25,080,259.77 | |||||||||||||||||||
| Reserve Account Deposit | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 25,080,259.77 | |||||||||||||||||||
| Regular Principal Payment | $ | 22,975,845.34 | $ | 22,975,845.34 | $ | 0.00 | $ | 0.00 | $ | 2,104,414.43 | |||||||||||||||||||
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 2,104,414.43 | |||||||||||||||||||
| Residual Released to Depositor | $ | 0.00 | $ | 2,104,414.43 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||
| Total | $ | 27,467,479.35 | |||||||||||||||||||||||||||
| Principal Payment: | |||||||||||||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Regular Principal Payment | $ | 22,975,845.34 | |||||||||||||||||||||||||||
| Total | $ | 22,975,845.34 | |||||||||||||||||||||||||||
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 | $ | 22,975,845.34 | $ | 47.97 | $ | 1,288,257.38 | $ | 2.69 | $ | 24,264,102.72 | $ | 50.66 | |||||||||||||||||||||||
| Class A-4 Notes | $ | 0.00 | $ | 0.00 | $ | 299,383.33 | $ | 4.22 | $ | 299,383.33 | $ | 4.22 | |||||||||||||||||||||||
| Class B Notes | $ | 0.00 | $ | 0.00 | $ | 219,295.67 | $ | 4.63 | $ | 219,295.67 | $ | 4.63 | |||||||||||||||||||||||
| Class C Notes | $ | 0.00 | $ | 0.00 | $ | 150,410.92 | $ | 4.76 | $ | 150,410.92 | $ | 4.76 | |||||||||||||||||||||||
| Total | $ | 22,975,845.34 | $ | 14.55 | $ | 1,957,347.30 | $ | 1.24 | $ | 24,933,192.64 | $ | 15.79 | |||||||||||||||||||||||
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Ford Credit Auto Owner Trust 2023-B
Monthly Investor Report
| Collection Period | November 2025 | ||||
| Payment Date | 12/15/2025 | ||||
| Transaction Month | 30 | ||||
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 | $ | 295,584,867.33 | 0.6170874 | $ | 272,609,021.99 | 0.5691211 | |||||||||||||||||
| Class A-4 Notes | $ | 71,000,000.00 | 1.0000000 | $ | 71,000,000.00 | 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 | $ | 445,524,867.33 | 0.2821671 | $ | 422,549,021.99 | 0.2676156 | |||||||||||||||||
| Pool Information | |||||||||||
| Weighted Average APR | 5.474 | % | 5.515 | % | |||||||
| Weighted Average Remaining Term | 35.16 | 34.51 | |||||||||
| Number of Receivables Outstanding | 23,897 | 23,216 | |||||||||
| Pool Balance | $ | 515,846,741.66 | $ | 490,385,351.81 | |||||||
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 480,894,131.39 | $ | 457,536,365.21 | |||||||
| Pool Factor | 0.3000189 | 0.2852104 | |||||||||
VI. OVERCOLLATERALIZATION INFORMATION
| Specified Reserve Balance | $ | 3,947,366.14 | |||
| Yield Supplement Overcollateralization Amount | $ | 32,848,986.60 | |||
| Targeted Overcollateralization Amount | $ | 67,836,329.82 | |||
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 67,836,329.82 | |||
VII. RECONCILIATION OF RESERVE ACCOUNT
| Beginning Reserve Account Balance | $ | 3,947,366.14 | |||
| Reserve Account Deposits Made | $ | 0.00 | |||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Ending Reserve Account Balance | $ | 3,947,366.14 | |||
| Change in Reserve Account Balance | $ | 0.00 | |||
| Specified Reserve Balance | $ | 3,947,366.14 | |||
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Ford Credit Auto Owner Trust 2023-B
Monthly Investor Report
| Collection Period | November 2025 | ||||
| Payment Date | 12/15/2025 | ||||
| Transaction Month | 30 | ||||
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| # of Receivables | Amount | ||||||||||||||||
| Current Collection Period Loss: | |||||||||||||||||
| Realized Loss (Charge-Offs) | 53 | $ | 273,262.92 | ||||||||||||||
| (Recoveries) | 84 | $ | 117,047.05 | ||||||||||||||
| Net Loss for Current Collection Period | $ | 156,215.87 | |||||||||||||||
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | 0.3634 | % | |||||||||||||||
| Prior and Current Collection Periods Average Loss: | |||||||||||||||||
| Ratio of Net Loss to the Average Pool Balance (annualized) | |||||||||||||||||
| Third Prior Collection Period | 1.1768 | % | |||||||||||||||
| Second Prior Collection Period | 0.9078 | % | |||||||||||||||
| Prior Collection Period | 0.9760 | % | |||||||||||||||
| Current Collection Period | 0.3726 | % | |||||||||||||||
| Four Month Average (Current and Prior Three Collection Periods) | 0.8583 | % | |||||||||||||||
| Cumulative Loss: | |||||||||||||||||
| Cumulative Realized Loss (Charge-Offs) | 2,421 | $ | 15,308,872.54 | ||||||||||||||
| (Cumulative Recoveries) | $ | 2,443,313.17 | |||||||||||||||
| Cumulative Net Loss for All Collection Periods | $ | 12,865,559.37 | |||||||||||||||
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | 0.7483 | % | |||||||||||||||
| Average Realized Loss for Receivables that have experienced a Realized Loss | $ | 6,323.37 | |||||||||||||||
| Average Net Loss for Receivables that have experienced a Realized Loss | $ | 5,314.15 | |||||||||||||||
| % of EOP Pool Balance | # of Receivables | Amount | |||||||||||||||
| Delinquent Receivables: | |||||||||||||||||
| 31-60 Days Delinquent | 1.62 | % | 245 | $ | 7,923,836.39 | ||||||||||||
| 61-90 Days Delinquent | 0.33 | % | 53 | $ | 1,595,223.46 | ||||||||||||
| 91-120 Days Delinquent | 0.05 | % | 8 | $ | 258,732.97 | ||||||||||||
| Over 120 Days Delinquent | 0.17 | % | 21 | $ | 842,927.56 | ||||||||||||
| Total Delinquent Receivables | 2.17 | % | 327 | $ | 10,620,720.38 | ||||||||||||
| Repossession Inventory: | |||||||||||||||||
| Repossessed in the Current Collection Period | 21 | $ | 756,515.94 | ||||||||||||||
| Total Repossessed Inventory | 34 | $ | 1,300,604.05 | ||||||||||||||
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | |||||||||||||||||
| Second Prior Collection Period | 0.2589 | % | |||||||||||||||
| Prior Collection Period | 0.3264 | % | |||||||||||||||
| Current Collection Period | 0.3532 | % | |||||||||||||||
| Three Month Average | 0.3128 | % | |||||||||||||||
| 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 | 0.5500 | % | |||||||||||||||
| Delinquency Trigger Occurred | No | ||||||||||||||||
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Ford Credit Auto Owner Trust 2023-B
Monthly Investor Report
| Collection Period | November 2025 | ||||
| Payment Date | 12/15/2025 | ||||
| Transaction Month | 30 | ||||
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount | ||||||||||||
| 1 Month Extended | 74 | $2,328,946.28 | ||||||||||||
| 2 Months Extended | 130 | $3,734,736.18 | ||||||||||||
| 3+ Months Extended | 26 | $905,443.06 | ||||||||||||
| Total Receivables Extended | 230 | $6,969,125.52 | ||||||||||||
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-B published this content on December 18, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on December 18, 2025 at 12:56 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]