Ford Credit Auto Owner Trust 2023-A
04/17/2026 | Press release | Distributed by Public on 04/17/2026 06:59
Asset-Backed Issuer Distribution Report (Form 10-D)
Ford Credit Auto Owner Trust 2023-A
Monthly Investor Report
| Collection Period | March 2026 | ||||
| Payment Date | 4/15/2026 | ||||
| Transaction Month | 37 | ||||
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 | 4.39223 | % | * | 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 | $ | 1,726,291.02 | |||
| Principal: | |||||
| Principal Collections | $ | 14,800,121.99 | |||
| Prepayments in Full | $ | 6,384,463.00 | |||
| Liquidation Proceeds | $ | 218,792.10 | |||
| Recoveries | $ | 113,950.97 | |||
| Sub Total | $ | 21,517,328.06 | |||
| Collections | $ | 23,243,619.08 | |||
| Purchase Amounts: | |||||
| Purchase Amounts Related to Principal | $ | 192,940.40 | |||
| Purchase Amounts Related to Interest | $ | 1,011.68 | |||
| Sub Total | $ | 193,952.08 | |||
| Clean-up Call | $ | 0.00 | |||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Available Funds - Total | $ | 23,437,571.16 | |||
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Ford Credit Auto Owner Trust 2023-A
Monthly Investor Report
| Collection Period | March 2026 | ||||
| Payment Date | 4/15/2026 | ||||
| Transaction Month | 37 | ||||
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 | $ | 23,437,571.16 | |||||||||||||||||||
| Servicing Fee | $ | 305,494.28 | $ | 305,494.28 | $ | 0.00 | $ | 0.00 | $ | 23,132,076.88 | |||||||||||||||||||
| Interest - Class A-1 Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 23,132,076.88 | |||||||||||||||||||
| Interest - Class A-2a Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 23,132,076.88 | |||||||||||||||||||
| Interest - Class A-2b Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 23,132,076.88 | |||||||||||||||||||
| Interest - Class A-3 Notes | $ | 514,093.25 | $ | 514,093.25 | $ | 0.00 | $ | 0.00 | $ | 22,617,983.63 | |||||||||||||||||||
| Interest - Class A-4 Notes | $ | 364,800.00 | $ | 364,800.00 | $ | 0.00 | $ | 0.00 | $ | 22,253,183.63 | |||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 22,253,183.63 | |||||||||||||||||||
| Interest - Class B Notes | $ | 199,969.25 | $ | 199,969.25 | $ | 0.00 | $ | 0.00 | $ | 22,053,214.38 | |||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 22,053,214.38 | |||||||||||||||||||
| Interest - Class C Notes | $ | 145,142.58 | $ | 145,142.58 | $ | 0.00 | $ | 0.00 | $ | 21,908,071.80 | |||||||||||||||||||
| Reserve Account Deposit | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 21,908,071.80 | |||||||||||||||||||
| Regular Principal Payment | $ | 19,880,574.84 | $ | 19,880,574.84 | $ | 0.00 | $ | 0.00 | $ | 2,027,496.96 | |||||||||||||||||||
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 2,027,496.96 | |||||||||||||||||||
| Residual Released to Depositor | $ | 0.00 | $ | 2,027,496.96 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||
| Total | $ | 23,437,571.16 | |||||||||||||||||||||||||||
| Principal Payment: | |||||||||||||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Regular Principal Payment | $ | 19,880,574.84 | |||||||||||||||||||||||||||
| Total | $ | 19,880,574.84 | |||||||||||||||||||||||||||
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 | $ | 19,880,574.84 | $ | 38.98 | $ | 514,093.25 | $ | 1.01 | $ | 20,394,668.09 | $ | 39.99 | |||||||||||||||||||||||
| 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 | $ | 19,880,574.84 | $ | 12.59 | $ | 1,224,005.08 | $ | 0.78 | $ | 21,104,579.92 | $ | 13.37 | |||||||||||||||||||||||
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Ford Credit Auto Owner Trust 2023-A
Monthly Investor Report
| Collection Period | March 2026 | ||||
| Payment Date | 4/15/2026 | ||||
| Transaction Month | 37 | ||||
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 | $ | 132,669,224.61 | 0.2601357 | $ | 112,788,649.77 | 0.2211542 | |||||||||||||||||
| 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 | $ | 307,609,224.61 | 0.1948201 | $ | 287,728,649.77 | 0.1822290 | |||||||||||||||||
| Pool Information | |||||||||||
| Weighted Average APR | 5.571 | % | 5.604 | % | |||||||
| Weighted Average Remaining Term | 30.87 | 30.18 | |||||||||
| Number of Receivables Outstanding | 19,108 | 18,488 | |||||||||
| Pool Balance | $ | 366,593,140.95 | $ | 344,642,270.16 | |||||||
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 340,739,708.09 | $ | 320,529,870.19 | |||||||
| Pool Factor | 0.2116384 | 0.1989659 | |||||||||
VI. OVERCOLLATERALIZATION INFORMATION
| Specified Reserve Balance | $ | 3,947,369.48 | |||
| Yield Supplement Overcollateralization Amount | $ | 24,112,399.97 | |||
| Targeted Overcollateralization Amount | $ | 56,913,620.39 | |||
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 56,913,620.39 | |||
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 | March 2026 | ||||
| Payment Date | 4/15/2026 | ||||
| Transaction Month | 37 | ||||
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| # of Receivables | Amount | ||||||||||||||||
| Current Collection Period Loss: | |||||||||||||||||
| Realized Loss (Charge-Offs) | 70 | $ | 354,553.30 | ||||||||||||||
| (Recoveries) | 101 | $ | 113,950.97 | ||||||||||||||
| Net Loss for Current Collection Period | $ | 240,602.33 | |||||||||||||||
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | 0.7876 | % | |||||||||||||||
| Prior and Current Collection Periods Average Loss: | |||||||||||||||||
| Ratio of Net Loss to the Average Pool Balance (annualized) | |||||||||||||||||
| Third Prior Collection Period | 1.4028 | % | |||||||||||||||
| Second Prior Collection Period | 0.6126 | % | |||||||||||||||
| Prior Collection Period | 0.5370 | % | |||||||||||||||
| Current Collection Period | 0.8119 | % | |||||||||||||||
| Four Month Average (Current and Prior Three Collection Periods) | 0.8411 | % | |||||||||||||||
| Cumulative Loss: | |||||||||||||||||
| Cumulative Realized Loss (Charge-Offs) | 2,840 | $ | 16,587,793.43 | ||||||||||||||
| (Cumulative Recoveries) | $ | 3,005,731.84 | |||||||||||||||
| Cumulative Net Loss for All Collection Periods | $ | 13,582,061.59 | |||||||||||||||
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | 0.7841 | % | |||||||||||||||
| Average Realized Loss for Receivables that have experienced a Realized Loss | $ | 5,840.77 | |||||||||||||||
| Average Net Loss for Receivables that have experienced a Realized Loss | $ | 4,782.42 | |||||||||||||||
| % of EOP Pool Balance | # of Receivables | Amount | |||||||||||||||
| Delinquent Receivables: | |||||||||||||||||
| 31-60 Days Delinquent | 1.91 | % | 242 | $ | 6,581,557.93 | ||||||||||||
| 61-90 Days Delinquent | 0.20 | % | 28 | $ | 696,686.53 | ||||||||||||
| 91-120 Days Delinquent | 0.09 | % | 8 | $ | 293,969.43 | ||||||||||||
| Over 120 Days Delinquent | 0.19 | % | 27 | $ | 659,853.74 | ||||||||||||
| Total Delinquent Receivables | 2.39 | % | 305 | $ | 8,232,067.63 | ||||||||||||
| Repossession Inventory: | |||||||||||||||||
| Repossessed in the Current Collection Period | 22 | $ | 742,839.69 | ||||||||||||||
| Total Repossessed Inventory | 33 | $ | 1,149,760.34 | ||||||||||||||
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | |||||||||||||||||
| Second Prior Collection Period | 0.4664 | % | |||||||||||||||
| Prior Collection Period | 0.3977 | % | |||||||||||||||
| Current Collection Period | 0.3408 | % | |||||||||||||||
| Three Month Average | 0.4016 | % | |||||||||||||||
| 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 | 0.4789 | % | |||||||||||||||
| Delinquency Trigger Occurred | No | ||||||||||||||||
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Ford Credit Auto Owner Trust 2023-A
Monthly Investor Report
| Collection Period | March 2026 | ||||
| Payment Date | 4/15/2026 | ||||
| Transaction Month | 37 | ||||
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount | ||||||||||||
| 1 Month Extended | 58 | $1,466,880.15 | ||||||||||||
| 2 Months Extended | 99 | $3,094,632.79 | ||||||||||||
| 3+ Months Extended | 29 | $826,216.60 | ||||||||||||
| Total Receivables Extended | 186 | $5,387,729.54 | ||||||||||||
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 6, 2026 | ||
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 April 17, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 17, 2026 at 12:59 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]