Ford Credit Auto Owner Trust 2023-C
04/17/2026 | Press release | Distributed by Public on 04/17/2026 07:12
Asset-Backed Issuer Distribution Report (Form 10-D)
Ford Credit Auto Owner Trust 2023-C
Monthly Investor Report
| Collection Period | March 2026 | ||||
| Payment Date | 4/15/2026 | ||||
| Transaction Month | 29 | ||||
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 | $ | 1,443,380,079.18 | 40,320 | 55.8 months | |||||||||||||
| Dollar Amount | Note Interest Rate | Final Scheduled Payment Date | |||||||||||||||
| Original Securities | |||||||||||||||||
| Class A-1 Notes | $ | 265,000,000.00 | 5.590 | % | December 15, 2024 | ||||||||||||
| Class A-2a Notes | $ | 261,250,000.00 | 5.68 | % | September 15, 2026 | ||||||||||||
| Class A-2b Notes | $ | 200,000,000.00 | 4.22223 | % | * | September 15, 2026 | |||||||||||
| Class A-3 Notes | $ | 461,250,000.00 | 5.53 | % | September 15, 2028 | ||||||||||||
| Class A-4 Notes | $ | 62,500,000.00 | 5.49 | % | May 15, 2029 | ||||||||||||
| Class B Notes | $ | 39,480,000.00 | 5.93 | % | August 15, 2029 | ||||||||||||
| Class C Notes | $ | 26,300,000.00 | 6.37 | % | May 15, 2031 | ||||||||||||
| Total | $ | 1,315,780,000.00 | |||||||||||||||
| * 30-day average SOFR + 0.55% | |||||||||||||||||
II. AVAILABLE FUNDS
| Interest: | |||||
| Interest Collections | $ | 2,126,465.04 | |||
| Principal: | |||||
| Principal Collections | $ | 17,563,963.58 | |||
| Prepayments in Full | $ | 9,128,851.08 | |||
| Liquidation Proceeds | $ | 369,896.87 | |||
| Recoveries | $ | 125,081.14 | |||
| Sub Total | $ | 27,187,792.67 | |||
| Collections | $ | 29,314,257.71 | |||
| Purchase Amounts: | |||||
| Purchase Amounts Related to Principal | $ | 369,585.11 | |||
| Purchase Amounts Related to Interest | $ | 2,063.71 | |||
| Sub Total | $ | 371,648.82 | |||
| Clean-up Call | $ | 0.00 | |||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Available Funds - Total | $ | 29,685,906.53 | |||
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Ford Credit Auto Owner Trust 2023-C
Monthly Investor Report
| Collection Period | March 2026 | ||||
| Payment Date | 4/15/2026 | ||||
| Transaction Month | 29 | ||||
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 | $ | 29,685,906.53 | |||||||||||||||||||
| Servicing Fee | $ | 377,400.68 | $ | 377,400.68 | $ | 0.00 | $ | 0.00 | $ | 29,308,505.85 | |||||||||||||||||||
| Interest - Class A-1 Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 29,308,505.85 | |||||||||||||||||||
| Interest - Class A-2a Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 29,308,505.85 | |||||||||||||||||||
| Interest - Class A-2b Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 29,308,505.85 | |||||||||||||||||||
| Interest - Class A-3 Notes | $ | 1,203,614.98 | $ | 1,203,614.98 | $ | 0.00 | $ | 0.00 | $ | 28,104,890.87 | |||||||||||||||||||
| Interest - Class A-4 Notes | $ | 285,937.50 | $ | 285,937.50 | $ | 0.00 | $ | 0.00 | $ | 27,818,953.37 | |||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 27,818,953.37 | |||||||||||||||||||
| Interest - Class B Notes | $ | 195,097.00 | $ | 195,097.00 | $ | 0.00 | $ | 0.00 | $ | 27,623,856.37 | |||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 27,623,856.37 | |||||||||||||||||||
| Interest - Class C Notes | $ | 139,609.17 | $ | 139,609.17 | $ | 0.00 | $ | 0.00 | $ | 27,484,247.20 | |||||||||||||||||||
| Reserve Account Deposit | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 27,484,247.20 | |||||||||||||||||||
| Regular Principal Payment | $ | 25,516,771.96 | $ | 25,516,771.96 | $ | 0.00 | $ | 0.00 | $ | 1,967,475.24 | |||||||||||||||||||
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 1,967,475.24 | |||||||||||||||||||
| Residual Released to Depositor | $ | 0.00 | $ | 1,967,475.24 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||
| Total | $ | 29,685,906.53 | |||||||||||||||||||||||||||
| Principal Payment: | |||||||||||||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Regular Principal Payment | $ | 25,516,771.96 | |||||||||||||||||||||||||||
| Total | $ | 25,516,771.96 | |||||||||||||||||||||||||||
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 | $ | 25,516,771.96 | $ | 55.32 | $ | 1,203,614.98 | $ | 2.61 | $ | 26,720,386.94 | $ | 57.93 | |||||||||||||||||||||||
| Class A-4 Notes | $ | 0.00 | $ | 0.00 | $ | 285,937.50 | $ | 4.58 | $ | 285,937.50 | $ | 4.58 | |||||||||||||||||||||||
| Class B Notes | $ | 0.00 | $ | 0.00 | $ | 195,097.00 | $ | 4.94 | $ | 195,097.00 | $ | 4.94 | |||||||||||||||||||||||
| Class C Notes | $ | 0.00 | $ | 0.00 | $ | 139,609.17 | $ | 5.31 | $ | 139,609.17 | $ | 5.31 | |||||||||||||||||||||||
| Total | $ | 25,516,771.96 | $ | 19.39 | $ | 1,824,258.65 | $ | 1.39 | $ | 27,341,030.61 | $ | 20.78 | |||||||||||||||||||||||
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Ford Credit Auto Owner Trust 2023-C
Monthly Investor Report
| Collection Period | March 2026 | ||||
| Payment Date | 4/15/2026 | ||||
| Transaction Month | 29 | ||||
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 | $ | 261,182,273.51 | 0.5662488 | $ | 235,665,501.55 | 0.5109279 | |||||||||||||||||
| Class A-4 Notes | $ | 62,500,000.00 | 1.0000000 | $ | 62,500,000.00 | 1.0000000 | |||||||||||||||||
| Class B Notes | $ | 39,480,000.00 | 1.0000000 | $ | 39,480,000.00 | 1.0000000 | |||||||||||||||||
| Class C Notes | $ | 26,300,000.00 | 1.0000000 | $ | 26,300,000.00 | 1.0000000 | |||||||||||||||||
| Total | $ | 389,462,273.51 | 0.2959935 | $ | 363,945,501.55 | 0.2766006 | |||||||||||||||||
| Pool Information | |||||||||||
| Weighted Average APR | 5.605 | % | 5.653 | % | |||||||
| Weighted Average Remaining Term | 35.41 | 34.79 | |||||||||
| Number of Receivables Outstanding | 20,738 | 19,847 | |||||||||
| Pool Balance | $ | 452,880,820.13 | $ | 424,956,002.07 | |||||||
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 419,281,778.42 | $ | 393,346,134.19 | |||||||
| Pool Factor | 0.3137641 | 0.2944173 | |||||||||
VI. OVERCOLLATERALIZATION INFORMATION
| Specified Reserve Balance | $ | 3,289,470.37 | |||
| Yield Supplement Overcollateralization Amount | $ | 31,609,867.88 | |||
| Targeted Overcollateralization Amount | $ | 61,010,500.52 | |||
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 61,010,500.52 | |||
VII. RECONCILIATION OF RESERVE ACCOUNT
| Beginning Reserve Account Balance | $ | 3,289,470.37 | |||
| Reserve Account Deposits Made | $ | 0.00 | |||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Ending Reserve Account Balance | $ | 3,289,470.37 | |||
| Change in Reserve Account Balance | $ | 0.00 | |||
| Specified Reserve Balance | $ | 3,289,470.37 | |||
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Ford Credit Auto Owner Trust 2023-C
Monthly Investor Report
| Collection Period | March 2026 | ||||
| Payment Date | 4/15/2026 | ||||
| Transaction Month | 29 | ||||
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| # of Receivables | Amount | ||||||||||||||||
| Current Collection Period Loss: | |||||||||||||||||
| Realized Loss (Charge-Offs) | 65 | $ | 492,521.42 | ||||||||||||||
| (Recoveries) | 70 | $ | 125,081.14 | ||||||||||||||
| Net Loss for Current Collection Period | $ | 367,440.28 | |||||||||||||||
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | 0.9736 | % | |||||||||||||||
| Prior and Current Collection Periods Average Loss: | |||||||||||||||||
| Ratio of Net Loss to the Average Pool Balance (annualized) | |||||||||||||||||
| Third Prior Collection Period | 0.8585 | % | |||||||||||||||
| Second Prior Collection Period | 0.8833 | % | |||||||||||||||
| Prior Collection Period | 0.9433 | % | |||||||||||||||
| Current Collection Period | 1.0046 | % | |||||||||||||||
| Four Month Average (Current and Prior Three Collection Periods) | 0.9224 | % | |||||||||||||||
| Cumulative Loss: | |||||||||||||||||
| Cumulative Realized Loss (Charge-Offs) | 1,967 | $ | 10,848,656.33 | ||||||||||||||
| (Cumulative Recoveries) | $ | 1,492,624.89 | |||||||||||||||
| Cumulative Net Loss for All Collection Periods | $ | 9,356,031.44 | |||||||||||||||
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | 0.6482 | % | |||||||||||||||
| Average Realized Loss for Receivables that have experienced a Realized Loss | $ | 5,515.33 | |||||||||||||||
| Average Net Loss for Receivables that have experienced a Realized Loss | $ | 4,756.50 | |||||||||||||||
| % of EOP Pool Balance | # of Receivables | Amount | |||||||||||||||
| Delinquent Receivables: | |||||||||||||||||
| 31-60 Days Delinquent | 1.46 | % | 188 | $ | 6,216,599.97 | ||||||||||||
| 61-90 Days Delinquent | 0.20 | % | 26 | $ | 864,757.63 | ||||||||||||
| 91-120 Days Delinquent | 0.11 | % | 14 | $ | 467,033.08 | ||||||||||||
| Over 120 Days Delinquent | 0.07 | % | 11 | $ | 315,742.31 | ||||||||||||
| Total Delinquent Receivables | 1.85 | % | 239 | $ | 7,864,132.99 | ||||||||||||
| Repossession Inventory: | |||||||||||||||||
| Repossessed in the Current Collection Period | 18 | $ | 612,067.68 | ||||||||||||||
| Total Repossessed Inventory | 33 | $ | 1,155,718.76 | ||||||||||||||
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | |||||||||||||||||
| Second Prior Collection Period | 0.2702 | % | |||||||||||||||
| Prior Collection Period | 0.3183 | % | |||||||||||||||
| Current Collection Period | 0.2570 | % | |||||||||||||||
| Three Month Average | 0.2818 | % | |||||||||||||||
| 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 | 0.3877 | % | |||||||||||||||
| Delinquency Trigger Occurred | No | ||||||||||||||||
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Ford Credit Auto Owner Trust 2023-C
Monthly Investor Report
| Collection Period | March 2026 | ||||
| Payment Date | 4/15/2026 | ||||
| Transaction Month | 29 | ||||
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount | ||||||||||||
| 1 Month Extended | 56 | $1,716,551.09 | ||||||||||||
| 2 Months Extended | 77 | $2,575,590.86 | ||||||||||||
| 3+ Months Extended | 25 | $849,120.02 | ||||||||||||
| Total Receivables Extended | 158 | $5,141,261.97 | ||||||||||||
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-C published this content on April 17, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 17, 2026 at 13:12 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]