Ford Credit Auto Owner Trust 2023-B
10/21/2026 | Press release | Distributed by Public on 10/21/2026 07:45
Asset-Backed Issuer Distribution Report (Form 10-D)
Ford Credit Auto Owner Trust 2023-B
Monthly Investor Report
| Collection Period | September 2026 | ||||
| Payment Date | 10/15/2026 | ||||
| Transaction Month | 40 | ||||
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 | 4.13850 | % | * | 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 | $ | 1,380,883.36 | |||
| Principal: | |||||
| Principal Collections | $ | 11,516,470.16 | |||
| Prepayments in Full | $ | 5,820,814.82 | |||
| Liquidation Proceeds | $ | 365,292.17 | |||
| Recoveries | $ | 83,351.97 | |||
| Sub Total | $ | 17,785,929.12 | |||
| Collections | $ | 19,166,812.48 | |||
| Purchase Amounts: | |||||
| Purchase Amounts Related to Principal | $ | 196,147.60 | |||
| Purchase Amounts Related to Interest | $ | 1,426.73 | |||
| Sub Total | $ | 197,574.33 | |||
| Clean-up Call | $0.00 | ||||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Available Funds - Total | $ | 19,364,386.81 | |||
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Ford Credit Auto Owner Trust 2023-B
Monthly Investor Report
| Collection Period | September 2026 | ||||
| Payment Date | 10/15/2026 | ||||
| Transaction Month | 40 | ||||
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 | $ | 19,364,386.81 | |||||||||||||||||||
| Servicing Fee | $ | 235,936.15 | $ | 235,936.15 | $ | 0.00 | $ | 0.00 | $ | 19,128,450.66 | |||||||||||||||||||
| Interest - Class A-1 Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 19,128,450.66 | |||||||||||||||||||
| Interest - Class A-2a Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 19,128,450.66 | |||||||||||||||||||
| Interest - Class A-2b Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 19,128,450.66 | |||||||||||||||||||
| Interest - Class A-3 Notes | $ | 363,571.46 | $ | 363,571.46 | $ | 0.00 | $ | 0.00 | $ | 18,764,879.20 | |||||||||||||||||||
| Interest - Class A-4 Notes | $ | 299,383.33 | $ | 299,383.33 | $ | 0.00 | $ | 0.00 | $ | 18,465,495.87 | |||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 18,465,495.87 | |||||||||||||||||||
| Interest - Class B Notes | $ | 219,295.67 | $ | 219,295.67 | $ | 0.00 | $ | 0.00 | $ | 18,246,200.20 | |||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 18,246,200.20 | |||||||||||||||||||
| Interest - Class C Notes | $ | 150,410.92 | $ | 150,410.92 | $ | 0.00 | $ | 0.00 | $ | 18,095,789.28 | |||||||||||||||||||
| Reserve Account Deposit | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 18,095,789.28 | |||||||||||||||||||
| Regular Principal Payment | $ | 16,713,082.18 | $ | 16,713,082.18 | $ | 0.00 | $ | 0.00 | $ | 1,382,707.10 | |||||||||||||||||||
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 1,382,707.10 | |||||||||||||||||||
| Residual Released to Depositor | $ | 0.00 | $ | 1,382,707.10 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||
| Total | $ | 19,364,386.81 | |||||||||||||||||||||||||||
| Principal Payment: | |||||||||||||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Regular Principal Payment | $ | 16,713,082.18 | |||||||||||||||||||||||||||
| Total | $ | 16,713,082.18 | |||||||||||||||||||||||||||
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 | $ | 16,713,082.18 | $ | 34.89 | $ | 363,571.46 | $ | 0.76 | $ | 17,076,653.64 | $ | 35.65 | |||||||||||||||||||||||
| 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 | $ | 16,713,082.18 | $ | 10.59 | $ | 1,032,661.38 | $ | 0.65 | $ | 17,745,743.56 | $ | 11.24 | |||||||||||||||||||||||
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Ford Credit Auto Owner Trust 2023-B
Monthly Investor Report
| Collection Period | September 2026 | ||||
| Payment Date | 10/15/2026 | ||||
| Transaction Month | 40 | ||||
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 | $ | 83,419,837.68 | 0.1741541 | $ | 66,706,755.50 | 0.1392625 | |||||||||||||||||
| 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 | $ | 233,359,837.68 | 0.1477953 | $ | 216,646,755.50 | 0.1372103 | |||||||||||||||||
| Pool Information | |||||||||||
| Weighted Average APR | 5.875 | % | 5.901 | % | |||||||
| Weighted Average Remaining Term | 28.41 | 27.65 | |||||||||
| Number of Receivables Outstanding | 15,591 | 15,087 | |||||||||
| Pool Balance | $ | 283,123,375.10 | $ | 264,829,917.70 | |||||||
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 265,238,251.25 | $ | 248,250,767.21 | |||||||
| Pool Factor | 0.1646659 | 0.1540263 | |||||||||
VI. OVERCOLLATERALIZATION INFORMATION
| Specified Reserve Balance | $ | 3,947,366.14 | |||
| Yield Supplement Overcollateralization Amount | $ | 16,579,150.49 | |||
| Targeted Overcollateralization Amount | $ | 48,183,162.20 | |||
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 48,183,162.20 | |||
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 | September 2026 | ||||
| Payment Date | 10/15/2026 | ||||
| Transaction Month | 40 | ||||
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| # of Receivables | Amount | ||||||||||||||||
| Current Collection Period Loss: | |||||||||||||||||
| Realized Loss (Charge-Offs) | 61 | $ | 394,732.65 | ||||||||||||||
| (Recoveries) | 101 | $ | 83,351.97 | ||||||||||||||
| Net Loss for Current Collection Period | $ | 311,380.68 | |||||||||||||||
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | 1.3198 | % | |||||||||||||||
| Prior and Current Collection Periods Average Loss: | |||||||||||||||||
| Ratio of Net Loss to the Average Pool Balance (annualized) | |||||||||||||||||
| Third Prior Collection Period | 0.0471 | % | |||||||||||||||
| Second Prior Collection Period | 0.6465 | % | |||||||||||||||
| Prior Collection Period | 0.1738 | % | |||||||||||||||
| Current Collection Period | 1.3638 | % | |||||||||||||||
| Four Month Average (Current and Prior Three Collection Periods) | 0.5578 | % | |||||||||||||||
| Cumulative Loss: | |||||||||||||||||
| Cumulative Realized Loss (Charge-Offs) | 3,035 | $ | 18,971,524.71 | ||||||||||||||
| (Cumulative Recoveries) | $ | 3,777,160.74 | |||||||||||||||
| Cumulative Net Loss for All Collection Periods | $ | 15,194,363.97 | |||||||||||||||
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | 0.8837 | % | |||||||||||||||
| Average Realized Loss for Receivables that have experienced a Realized Loss | $ | 6,250.91 | |||||||||||||||
| Average Net Loss for Receivables that have experienced a Realized Loss | $ | 5,006.38 | |||||||||||||||
| % of EOP Pool Balance | # of Receivables | Amount | |||||||||||||||
| Delinquent Receivables: | |||||||||||||||||
| 31-60 Days Delinquent | 2.45 | % | 250 | $ | 6,494,118.79 | ||||||||||||
| 61-90 Days Delinquent | 0.54 | % | 44 | $ | 1,441,047.98 | ||||||||||||
| 91-120 Days Delinquent | 0.08 | % | 9 | $ | 202,780.40 | ||||||||||||
| Over 120 Days Delinquent | 0.37 | % | 25 | $ | 976,262.15 | ||||||||||||
| Total Delinquent Receivables | 3.44 | % | 328 | $ | 9,114,209.32 | ||||||||||||
| Repossession Inventory: | |||||||||||||||||
| Repossessed in the Current Collection Period | 15 | $ | 466,008.94 | ||||||||||||||
| Total Repossessed Inventory | 33 | $ | 988,250.49 | ||||||||||||||
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | |||||||||||||||||
| Second Prior Collection Period | 0.3907 | % | |||||||||||||||
| Prior Collection Period | 0.4426 | % | |||||||||||||||
| Current Collection Period | 0.5170 | % | |||||||||||||||
| Three Month Average | 0.4501 | % | |||||||||||||||
| 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 | 0.9893 | % | |||||||||||||||
| Delinquency Trigger Occurred | No | ||||||||||||||||
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Ford Credit Auto Owner Trust 2023-B
Monthly Investor Report
| Collection Period | September 2026 | ||||
| Payment Date | 10/15/2026 | ||||
| Transaction Month | 40 | ||||
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount | ||||||||||||
| 1 Month Extended | 45 | $1,208,596.60 | ||||||||||||
| 2 Months Extended | 81 | $2,167,674.99 | ||||||||||||
| 3+ Months Extended | 18 | $418,152.34 | ||||||||||||
| Total Receivables Extended | 144 | $3,794,423.93 | ||||||||||||
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-B published this content on October 21, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on October 21, 2026 at 13:46 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]