Ford Credit Auto Owner Trust 2023-B
04/17/2026 | Press release | Distributed by Public on 04/17/2026 08:00
Asset-Backed Issuer Distribution Report (Form 10-D)
Ford Credit Auto Owner Trust 2023-B
Monthly Investor Report
| Collection Period | March 2026 | ||||
| Payment Date | 4/15/2026 | ||||
| Transaction Month | 34 | ||||
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 | 4.16223 | % | * | 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 | $ | 1,982,653.51 | |||
| Principal: | |||||
| Principal Collections | $ | 17,266,110.96 | |||
| Prepayments in Full | $ | 7,956,519.37 | |||
| Liquidation Proceeds | $ | 429,590.72 | |||
| Recoveries | $ | 94,517.24 | |||
| Sub Total | $ | 25,746,738.29 | |||
| Collections | $ | 27,729,391.80 | |||
| Purchase Amounts: | |||||
| Purchase Amounts Related to Principal | $ | 181,534.40 | |||
| Purchase Amounts Related to Interest | $ | 1,039.29 | |||
| Sub Total | $ | 182,573.69 | |||
| Clean-up Call | $0.00 | ||||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Available Funds - Total | $ | 27,911,965.49 | |||
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Ford Credit Auto Owner Trust 2023-B
Monthly Investor Report
| Collection Period | March 2026 | ||||
| Payment Date | 4/15/2026 | ||||
| Transaction Month | 34 | ||||
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 | $ | 27,911,965.49 | |||||||||||||||||||
| Servicing Fee | $ | 343,565.46 | $ | 343,565.46 | $ | 0.00 | $ | 0.00 | $ | 27,568,400.03 | |||||||||||||||||||
| Interest - Class A-1 Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 27,568,400.03 | |||||||||||||||||||
| Interest - Class A-2a Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 27,568,400.03 | |||||||||||||||||||
| Interest - Class A-2b Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 27,568,400.03 | |||||||||||||||||||
| Interest - Class A-3 Notes | $ | 877,822.75 | $ | 877,822.75 | $ | 0.00 | $ | 0.00 | $ | 26,690,577.28 | |||||||||||||||||||
| Interest - Class A-4 Notes | $ | 299,383.33 | $ | 299,383.33 | $ | 0.00 | $ | 0.00 | $ | 26,391,193.95 | |||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 26,391,193.95 | |||||||||||||||||||
| Interest - Class B Notes | $ | 219,295.67 | $ | 219,295.67 | $ | 0.00 | $ | 0.00 | $ | 26,171,898.28 | |||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 26,171,898.28 | |||||||||||||||||||
| Interest - Class C Notes | $ | 150,410.92 | $ | 150,410.92 | $ | 0.00 | $ | 0.00 | $ | 26,021,487.36 | |||||||||||||||||||
| Reserve Account Deposit | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 26,021,487.36 | |||||||||||||||||||
| Regular Principal Payment | $ | 23,902,641.30 | $ | 23,902,641.30 | $ | 0.00 | $ | 0.00 | $ | 2,118,846.06 | |||||||||||||||||||
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 2,118,846.06 | |||||||||||||||||||
| Residual Released to Depositor | $ | 0.00 | $ | 2,118,846.06 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||
| Total | $ | 27,911,965.49 | |||||||||||||||||||||||||||
| Principal Payment: | |||||||||||||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Regular Principal Payment | $ | 23,902,641.30 | |||||||||||||||||||||||||||
| Total | $ | 23,902,641.30 | |||||||||||||||||||||||||||
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 | $ | 23,902,641.30 | $ | 49.90 | $ | 877,822.75 | $ | 1.83 | $ | 24,780,464.05 | $ | 51.73 | |||||||||||||||||||||||
| 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 | $ | 23,902,641.30 | $ | 15.14 | $ | 1,546,912.67 | $ | 0.98 | $ | 25,449,553.97 | $ | 16.12 | |||||||||||||||||||||||
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Ford Credit Auto Owner Trust 2023-B
Monthly Investor Report
| Collection Period | March 2026 | ||||
| Payment Date | 4/15/2026 | ||||
| Transaction Month | 34 | ||||
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 | $ | 201,412,486.19 | 0.4204854 | $ | 177,509,844.89 | 0.3705842 | |||||||||||||||||
| 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 | $ | 351,352,486.19 | 0.2225243 | $ | 327,449,844.89 | 0.2073859 | |||||||||||||||||
| Pool Information | |||||||||||
| Weighted Average APR | 5.657 | % | 5.711 | % | |||||||
| Weighted Average Remaining Term | 32.67 | 32.07 | |||||||||
| Number of Receivables Outstanding | 20,617 | 19,472 | |||||||||
| Pool Balance | $ | 412,278,554.33 | $ | 386,257,408.22 | |||||||
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 385,168,227.44 | $ | 360,875,268.95 | |||||||
| Pool Factor | 0.2397831 | 0.2246491 | |||||||||
VI. OVERCOLLATERALIZATION INFORMATION
| Specified Reserve Balance | $ | 3,947,366.14 | |||
| Yield Supplement Overcollateralization Amount | $ | 25,382,139.27 | |||
| Targeted Overcollateralization Amount | $ | 58,807,563.33 | |||
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 58,807,563.33 | |||
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 | March 2026 | ||||
| Payment Date | 4/15/2026 | ||||
| Transaction Month | 34 | ||||
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| # of Receivables | Amount | ||||||||||||||||
| Current Collection Period Loss: | |||||||||||||||||
| Realized Loss (Charge-Offs) | 68 | $ | 187,390.66 | ||||||||||||||
| (Recoveries) | 112 | $ | 94,517.24 | ||||||||||||||
| Net Loss for Current Collection Period | $ | 92,873.42 | |||||||||||||||
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | 0.2703 | % | |||||||||||||||
| Prior and Current Collection Periods Average Loss: | |||||||||||||||||
| Ratio of Net Loss to the Average Pool Balance (annualized) | |||||||||||||||||
| Third Prior Collection Period | 1.3114 | % | |||||||||||||||
| Second Prior Collection Period | 0.9836 | % | |||||||||||||||
| Prior Collection Period | 0.9296 | % | |||||||||||||||
| Current Collection Period | 0.2791 | % | |||||||||||||||
| Four Month Average (Current and Prior Three Collection Periods) | 0.8759 | % | |||||||||||||||
| Cumulative Loss: | |||||||||||||||||
| Cumulative Realized Loss (Charge-Offs) | 2,717 | $ | 17,045,180.92 | ||||||||||||||
| (Cumulative Recoveries) | $ | 2,870,508.07 | |||||||||||||||
| Cumulative Net Loss for All Collection Periods | $ | 14,174,672.85 | |||||||||||||||
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | 0.8244 | % | |||||||||||||||
| Average Realized Loss for Receivables that have experienced a Realized Loss | $ | 6,273.53 | |||||||||||||||
| Average Net Loss for Receivables that have experienced a Realized Loss | $ | 5,217.03 | |||||||||||||||
| % of EOP Pool Balance | # of Receivables | Amount | |||||||||||||||
| Delinquent Receivables: | |||||||||||||||||
| 31-60 Days Delinquent | 1.91 | % | 255 | $ | 7,375,331.13 | ||||||||||||
| 61-90 Days Delinquent | 0.31 | % | 40 | $ | 1,215,191.87 | ||||||||||||
| 91-120 Days Delinquent | 0.07 | % | 8 | $ | 253,631.42 | ||||||||||||
| Over 120 Days Delinquent | 0.26 | % | 30 | $ | 1,005,498.93 | ||||||||||||
| Total Delinquent Receivables | 2.55 | % | 333 | $ | 9,849,653.35 | ||||||||||||
| Repossession Inventory: | |||||||||||||||||
| Repossessed in the Current Collection Period | 15 | $ | 487,888.08 | ||||||||||||||
| Total Repossessed Inventory | 31 | $ | 984,670.04 | ||||||||||||||
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | |||||||||||||||||
| Second Prior Collection Period | 0.4085 | % | |||||||||||||||
| Prior Collection Period | 0.3395 | % | |||||||||||||||
| Current Collection Period | 0.4006 | % | |||||||||||||||
| Three Month Average | 0.3829 | % | |||||||||||||||
| 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 | 0.6406 | % | |||||||||||||||
| Delinquency Trigger Occurred | No | ||||||||||||||||
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Ford Credit Auto Owner Trust 2023-B
Monthly Investor Report
| Collection Period | March 2026 | ||||
| Payment Date | 4/15/2026 | ||||
| Transaction Month | 34 | ||||
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount | ||||||||||||
| 1 Month Extended | 68 | $2,101,361.75 | ||||||||||||
| 2 Months Extended | 83 | $2,494,387.19 | ||||||||||||
| 3+ Months Extended | 19 | $710,777.52 | ||||||||||||
| Total Receivables Extended | 170 | $5,306,526.46 | ||||||||||||
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 April 17, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 17, 2026 at 14:00 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]