Ford Credit Auto Owner Trust 2023-B
03/19/2026 | Press release | Distributed by Public on 03/19/2026 08:32
Asset-Backed Issuer Distribution Report (Form 10-D)
Ford Credit Auto Owner Trust 2023-B
Monthly Investor Report
| Collection Period | February 2026 | ||||
| Payment Date | 3/16/2026 | ||||
| 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 | $ | 1,719,380,848.17 | 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 | 4.14819 | % | * | 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 | $ | 1,914,678.45 | |||
| Principal: | |||||
| Principal Collections | $ | 15,508,598.90 | |||
| Prepayments in Full | $ | 7,745,506.15 | |||
| Liquidation Proceeds | $ | 384,469.46 | |||
| Recoveries | $ | 92,397.83 | |||
| Sub Total | $ | 23,730,972.34 | |||
| Collections | $ | 25,645,650.79 | |||
| Purchase Amounts: | |||||
| Purchase Amounts Related to Principal | $ | 233,674.83 | |||
| Purchase Amounts Related to Interest | $ | 1,197.18 | |||
| Sub Total | $ | 234,872.01 | |||
| Clean-up Call | $0.00 | ||||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Available Funds - Total | $ | 25,880,522.80 | |||
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Ford Credit Auto Owner Trust 2023-B
Monthly Investor Report
| Collection Period | February 2026 | ||||
| Payment Date | 3/16/2026 | ||||
| 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 | $ | 25,880,522.80 | |||||||||||||||||||
| Servicing Fee | $ | 363,809.98 | $ | 363,809.98 | $ | 0.00 | $ | 0.00 | $ | 25,516,712.82 | |||||||||||||||||||
| Interest - Class A-1 Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 25,516,712.82 | |||||||||||||||||||
| Interest - Class A-2a Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 25,516,712.82 | |||||||||||||||||||
| Interest - Class A-2b Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 25,516,712.82 | |||||||||||||||||||
| Interest - Class A-3 Notes | $ | 974,185.64 | $ | 974,185.64 | $ | 0.00 | $ | 0.00 | $ | 24,542,527.18 | |||||||||||||||||||
| Interest - Class A-4 Notes | $ | 299,383.33 | $ | 299,383.33 | $ | 0.00 | $ | 0.00 | $ | 24,243,143.85 | |||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 24,243,143.85 | |||||||||||||||||||
| Interest - Class B Notes | $ | 219,295.67 | $ | 219,295.67 | $ | 0.00 | $ | 0.00 | $ | 24,023,848.18 | |||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 24,023,848.18 | |||||||||||||||||||
| Interest - Class C Notes | $ | 150,410.92 | $ | 150,410.92 | $ | 0.00 | $ | 0.00 | $ | 23,873,437.26 | |||||||||||||||||||
| Reserve Account Deposit | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 23,873,437.26 | |||||||||||||||||||
| Regular Principal Payment | $ | 22,110,031.26 | $ | 22,110,031.26 | $ | 0.00 | $ | 0.00 | $ | 1,763,406.00 | |||||||||||||||||||
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 1,763,406.00 | |||||||||||||||||||
| Residual Released to Depositor | $ | 0.00 | $ | 1,763,406.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||
| Total | $ | 25,880,522.80 | |||||||||||||||||||||||||||
| Principal Payment: | |||||||||||||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Regular Principal Payment | $ | 22,110,031.26 | |||||||||||||||||||||||||||
| Total | $ | 22,110,031.26 | |||||||||||||||||||||||||||
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 | $ | 22,110,031.26 | $ | 46.16 | $ | 974,185.64 | $ | 2.03 | $ | 23,084,216.90 | $ | 48.19 | |||||||||||||||||||||||
| 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 | $ | 22,110,031.26 | $ | 14.00 | $ | 1,643,275.56 | $ | 1.04 | $ | 23,753,306.82 | $ | 15.04 | |||||||||||||||||||||||
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Ford Credit Auto Owner Trust 2023-B
Monthly Investor Report
| Collection Period | February 2026 | ||||
| Payment Date | 3/16/2026 | ||||
| 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 | $ | 223,522,517.45 | 0.4666441 | $ | 201,412,486.19 | 0.4204854 | |||||||||||||||||
| 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 | $ | 373,462,517.45 | 0.2365274 | $ | 351,352,486.19 | 0.2225243 | |||||||||||||||||
| Pool Information | |||||||||||
| Weighted Average APR | 5.618 | % | 5.657 | % | |||||||
| Weighted Average Remaining Term | 33.32 | 32.67 | |||||||||
| Number of Receivables Outstanding | 21,543 | 20,617 | |||||||||
| Pool Balance | $ | 436,571,976.69 | $ | 412,278,554.33 | |||||||
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 407,642,660.04 | $ | 385,168,227.44 | |||||||
| Pool Factor | 0.2539123 | 0.2397831 | |||||||||
VI. OVERCOLLATERALIZATION INFORMATION
| Specified Reserve Balance | $ | 3,947,366.14 | |||
| Yield Supplement Overcollateralization Amount | $ | 27,110,326.89 | |||
| Targeted Overcollateralization Amount | $ | 60,926,068.14 | |||
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 60,926,068.14 | |||
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 | February 2026 | ||||
| Payment Date | 3/16/2026 | ||||
| Transaction Month | 33 | ||||
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| # of Receivables | Amount | ||||||||||||||||
| Current Collection Period Loss: | |||||||||||||||||
| Realized Loss (Charge-Offs) | 74 | $ | 421,173.02 | ||||||||||||||
| (Recoveries) | 101 | $ | 92,397.83 | ||||||||||||||
| Net Loss for Current Collection Period | $ | 328,775.19 | |||||||||||||||
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | 0.9037 | % | |||||||||||||||
| Prior and Current Collection Periods Average Loss: | |||||||||||||||||
| Ratio of Net Loss to the Average Pool Balance (annualized) | |||||||||||||||||
| Third Prior Collection Period | 0.3726 | % | |||||||||||||||
| Second Prior Collection Period | 1.3114 | % | |||||||||||||||
| Prior Collection Period | 0.9836 | % | |||||||||||||||
| Current Collection Period | 0.9296 | % | |||||||||||||||
| Four Month Average (Current and Prior Three Collection Periods) | 0.8993 | % | |||||||||||||||
| Cumulative Loss: | |||||||||||||||||
| Cumulative Realized Loss (Charge-Offs) | 2,649 | $ | 16,857,790.26 | ||||||||||||||
| (Cumulative Recoveries) | $ | 2,775,990.83 | |||||||||||||||
| Cumulative Net Loss for All Collection Periods | $ | 14,081,799.43 | |||||||||||||||
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | 0.8190 | % | |||||||||||||||
| Average Realized Loss for Receivables that have experienced a Realized Loss | $ | 6,363.83 | |||||||||||||||
| Average Net Loss for Receivables that have experienced a Realized Loss | $ | 5,315.89 | |||||||||||||||
| % of EOP Pool Balance | # of Receivables | Amount | |||||||||||||||
| Delinquent Receivables: | |||||||||||||||||
| 31-60 Days Delinquent | 1.82 | % | 253 | $ | 7,484,472.63 | ||||||||||||
| 61-90 Days Delinquent | 0.30 | % | 36 | $ | 1,218,563.08 | ||||||||||||
| 91-120 Days Delinquent | 0.06 | % | 5 | $ | 230,546.32 | ||||||||||||
| Over 120 Days Delinquent | 0.23 | % | 29 | $ | 946,422.16 | ||||||||||||
| Total Delinquent Receivables | 2.40 | % | 323 | $ | 9,880,004.19 | ||||||||||||
| Repossession Inventory: | |||||||||||||||||
| Repossessed in the Current Collection Period | 21 | $ | 695,073.63 | ||||||||||||||
| Total Repossessed Inventory | 32 | $ | 1,125,027.65 | ||||||||||||||
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | |||||||||||||||||
| Second Prior Collection Period | 0.3623 | % | |||||||||||||||
| Prior Collection Period | 0.4085 | % | |||||||||||||||
| Current Collection Period | 0.3395 | % | |||||||||||||||
| Three Month Average | 0.3701 | % | |||||||||||||||
| 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 | 0.5810 | % | |||||||||||||||
| Delinquency Trigger Occurred | No | ||||||||||||||||
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Ford Credit Auto Owner Trust 2023-B
Monthly Investor Report
| Collection Period | February 2026 | ||||
| Payment Date | 3/16/2026 | ||||
| Transaction Month | 33 | ||||
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount | ||||||||||||
| 1 Month Extended | 72 | $2,147,682.27 | ||||||||||||
| 2 Months Extended | 101 | $3,228,012.82 | ||||||||||||
| 3+ Months Extended | 29 | $800,171.84 | ||||||||||||
| Total Receivables Extended | 202 | $6,175,866.93 | ||||||||||||
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 March 19, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on March 19, 2026 at 14:33 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]