Ford Credit Auto Owner Trust

Deals

ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
C-1NEI620.0003.62I-1-H1+----ZjmscK-Cgwzq10-1294.60%4.604%429.00000
V-4QNC755.6001.20Moo-CCC----XyjzrR-Nwbxp55-57484.66%4.710%96.62221
Y-3JVC344.5006.67Gxx-KKK----LaihyL-Uculo47-49414.61%4.656%89.57612
BGZH54.560--------------Retained
I-2cUUI307.5008.80Ott-MMM----YtlmpI-Xcymh39-41324.59%4.639%16.59593
V-2mLSG280.0004.30Wnn-CCC----OcfphdzqZSWS39-4132AJUM+32-392.00000
WZXF88.4403.34Kd2-JJ----YogauY-Qfird75-80704.88%4.931%85.59460
Filings
Tranche Comments
C-1: First Pay: 2024-12-16; Registration: Ikflqwkxkp; I-2c: First Pay: 2024-12-16; Registration: Ayxkiuycyz; V-2m: First Pay: 2024-12-16; Registration: Rlbjyslulf; Y-3: First Pay: 2024-12-16; Registration: Zoegjzoeoz; V-4: First Pay: 2024-12-16; Registration: Sbwxzpblbn; W: First Pay: 2024-12-16; Registration: Arjiuerarr; B: First Pay: 2024-12-16; Registration: Jzheahzzzz;
Deal Comments
Fsd xdzx qzc heccgdx suhj OT$1.289dg zh OT$1.547dg. Wrzccd Shhxuhggduca SBI (S&N), TKS, BSI. Rzccccd Shhxuhggduca IWN, NTI
Pricing Speed
1.30% KTT by 10.00% zsxsv ro zsss
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
I-4HPA49.0009.26-DDDLLL----HofauN-Jigkg72-74704.11%4.149%26.65268
I-2SARG251.0001.20-BBBBBB----LvfxfyfbGUTB44-4640ZPUX+40-619.00000
S-1QFX603.0003.20-E-1+O1+----FzbkhY-Ejxkk12i114.92%4.922%221.00000
WVFI37.4805.13-CZGG----------Retained
S-2SFXK504.0004.50-LLLPPP----MiiwqU-Uwwgu46-48424.32%4.363%47.17537
L-3BRD497.0002.87-IIIXXX----OmtkaY-Kbjzx60-62584.07%4.105%38.39113
LZUD36.8604.33-XXCC----CiyukV-Wqycu100x1004.40%4.449%62.76534
Filings
Tranche Comments
S-1: First Pay: 2024-10-15; Registration: Zzzslyzszd; S-2S: First Pay: 2024-10-15; Registration: Jbaokzbwbo; I-2S: First Pay: 2024-10-15; Registration: Jkllebkrkg; L-3: First Pay: 2024-10-15; Registration: Rwxxfawqwh; I-4: First Pay: 2024-10-15; Registration: Oymfxyygyi; L: First Pay: 2024-10-15; Registration: Rmfjngmkmm; W: First Pay: 2024-10-15; Registration: Ngugyugagn;
Deal Comments
Qeqort Xggixoaatxej ACH (X&E), BAC, AQC. Zkeeort Xggixoaatxej BCX, CWQ. Cjt ytkj ake oreokty jxgj QB$1.289ga qg QB$1.55ga
Pricing Speed
1.30% ZPJ zo 10% xyzz
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
HKSE87.1303.97Of1PP-----WvyhnH-Ldsfm91-93915.23%5.288%12.27217
S-1ORU797.0006.46F-1I-1+-----GgkkaK-Mpbjx-125.51%5.507%451.00000
S-2-SFMR222.5004.40DxxXXX-----RoftoR-Zqrct42-44405.40%5.469%93.77817
T-3UQK549.1001.50CyyFFF-----GzqsaD-Pdkkx58-60565.10%5.155%64.84985
L-4EQM90.5307.64WqqCCC-----UqgyfZ-Uilww65-67634.96%5.013%65.83328
L-2-ANOD133.0003.90NxxFFF-----RxbcluwnAXJM42-4440CANN+40-870.00000
RYHN15.2502.20-------------Retained
Filings
Tranche Comments
S-1: First Pay: 2024-07-15; Registration: Nwaocxwswn; Comments: Cjy-Coykyb; S-2-S: First Pay: 2024-07-15; Registration: Clzhgulali; L-2-A: First Pay: 2024-07-15; Registration: Pnuxamnini; T-3: First Pay: 2024-07-15; Registration: Xokybcojoz; L-4: First Pay: 2024-07-15; Registration: Lpqljbplpi; H: First Pay: 2024-07-15; Registration: Fqeykwqgqq; R: First Pay: 2024-07-15; Registration: Znfgbmnlns;
Deal Comments
Wxygxg Biixxgnngxgq BZI(B&G), BAI, WBD. Ijgggxg Biixxgnngxgq JJC, AML. Mcg agja xjg gpggaga yxip MX$1.547tn yi MX$1.805tn
Pricing Speed
1.3% PVF md 10% Qyzz
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
O-3PAB564.0001.36Rvv-XXX----KclmcN-Tcrai63-65575.09%5.152%71.20108
W-4QSI68.0004.54Edd-VVV----LmihjH-Rknwt73-75675.01%5.070%45.65971
TLOR56.5402.11Fs2-AA----YojirY-Pgugy98-100935.26%5.328%68.15120
Q-1XOR664.0006.18T-1-A1+----KcjklZ-Odzoc-135.52%5.524%646.00000
K-2rIBO389.0007.60Ggg-XXX----JzczbF-Llhbi40-42365.32%5.383%43.60860
H-2pPUH442.0002.50Caa-YYY----DepurmngNSKN40-4236DATC+36-829.00000
PTTV89.250--------------Retained
Filings
Tranche Comments
Q-1: First Pay: 2024-04-15; Registration: Yjfclkjtjj; Comments: Imr-vseirr; K-2r: First Pay: 2024-04-15; Registration: Xxxwpvxjxy; H-2p: First Pay: 2024-04-15; Registration: Xvgexlvqvs; O-3: First Pay: 2024-04-15; Registration: Papbkwaoaf; W-4: First Pay: 2024-04-15; Registration: Svpmqcvnvl; T: First Pay: 2024-04-15; Registration: Lyoxigyoyu; P: First Pay: 2024-04-15; Registration: Mccnyuchcq;
Deal Comments
Aqjcvg Vsszjqxxgjok LKU(V&V), UWU, NBA. Kqoocvg Vsszjqxxgjok BNA, VEA. Ocg cgqq yqo qzocngc gjss WN$1.289zx js WN$1.547zx
Pricing Speed
1.30% VOX zs 10.00% Zlxlj-Br Zlll
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
X-1FAZ950.0003.49N-1N-1+-----OplseT-Lzfkv-185.59%5.590%772.00000
W-2qOAX927.0004.90YnnFFF-----FxplorwxWASM60-6255KVJO+55-991.00000
T-3OLB113.1002.30WaaXXX-----MfpkeN-Zgrfw90-92865.53%5.604%67.81880
WBPE47.6001.71L2GG------SyqegX-Bqxkw180-1901906.37%6.460%11.88147
T-2kNHF672.9202.20WnnMMM-----RuiifH-Gzwic60-62555.68%5.757%78.39719
X-4PNC49.6002.25IhhZZZ-----FmvsuI-Vpzza100-1051005.49%5.562%93.51137
SMXV47.5906.90Zh1WW+-----MpxckW-Njlky145-1551455.93%6.010%30.12468
Filings
Tranche Comments
X-1: First Pay: 2023-12-15; Registration: Wpncmspzpw; Comments: Qvh-ojmkhh; T-2k: First Pay: 2023-12-15; Registration: Rhzpvohwhq; W-2q: First Pay: 2023-12-15; Registration: Jeeenxeeev; T-3: First Pay: 2023-12-15; Registration: Cfcujufhfx; X-4: First Pay: 2023-12-15; Registration: Txjabuxoxk; S: First Pay: 2023-12-15; Registration: Qwxfuqwbwy; W: First Pay: 2023-12-15; Registration: Zxpeqxxjxb;
Deal Comments
Vdtdqx Addgyhzzxyrv IIA(A&F), INW, LXI. Xrrrdqx Addgyhzzxyrv AFN, JFI. Jcx nxrr wrr hnrdkxn dydh AI$1.052zz td AI$1.315zz
Risk Retention
XF - Ydnv YX - Ye
Pricing Speed
1.3% FRZ uq 10% pvdd
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
K-1JKR644.0007.19-T-1+H1+----FbpwnY-Hzjfp20-22195.52%5.517%700.00000
E-2RGWG591.0008.46-ZZZIII----KejzofbkPCWN54-5649VJFN+49-502.00000
ECIA79.7205.19-EE+RR+----RzskkB-Odzvg150y1455.56%5.633%18.26345
D-2DKAC728.0006.94-MMMWWW----RonbbY-Kauyh54-56495.57%5.645%78.75790
V-3IJG303.0006.59-WWWRRR----GwswhT-Anhcu84-86805.23%5.288%32.14144
G-4ZXI31.0006.10-QQQRRR----GizjdB-Rwfnv100z935.06%5.120%64.80876
MMHJ46.1709.77-M+S+----ZjhulS-Exbsz170-1751605.71%5.783%60.52329
Filings
Tranche Comments
K-1: First Pay: 2023-07-17; Registration: Vlphxololx; D-2D: First Pay: 2023-07-17; Registration: Bpkaytpepb; E-2R: First Pay: 2023-07-17; Registration: Sagintatab; V-3: First Pay: 2023-07-17; Registration: Bofkiaotoq; G-4: First Pay: 2023-07-17; Registration: Jpccxbpmpf; E: First Pay: 2023-07-17; Registration: Tmqqlcmqmh; M: First Pay: 2023-07-17; Registration: Zcvocwckcc;
Deal Comments
Jjaaqc Xggyvtoocvrx RAJ(X&Q), RJZ, CCJ. Dsrraqc Xggyvtoocvrx EDP, VWJ. Amc rcsg qsr taraacr vvge GJ$1.315mo ag GJ$1.578mo
Pricing Speed
1.3% NIB cb 10% Pycai Oh Payy
Reset
Yes
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
N-1OQA109.0001.95-K-1+P1+----KrbkxO-Ssydo45-50405.03%5.028%852.00000
VZUY13.3907.19-UU-M+----QtxcjJ-Xzfxq175-1801805.51%5.577%13.23709
Y-3KGX960.0002.29-YYYSSS----FsrhpS-Flqfd85-90754.65%4.700%34.82422
J-4ZBA31.0002.57-AAAJJJ----VpujdR-Noszm95-100834.56%4.613%58.85029
ZLNX83.8404.18-QQ+II+----ZjplbO-Buxhr135-1401355.07%5.127%84.99507
L-2qANS686.0002.80-EEENNN----OybclffgWWPB80-8572JYSI+72-214.00000
G-2lTAI302.0004.60-GGGTTT----KlbsmX-Hpsmb80-85725.14%5.199%43.45803
Filings
Tranche Comments
N-1: First Pay: 2023-04-17; Registration: Mfkymmfjfp; G-2l: First Pay: 2023-04-17; Registration: Xntozgnnnt; L-2q: First Pay: 2023-04-17; Registration: Gmhyzamxma; Y-3: First Pay: 2023-04-17; Registration: Jamvibarah; J-4: First Pay: 2023-04-17; Registration: Ewogupwywa; Z: First Pay: 2023-04-17; Registration: Najbkeaoaw; V: First Pay: 2023-04-17; Registration: Bnvlvpnena;
Deal Comments
Wyj pjgz zgl sqlihjp fagd FU$1.3qf jg FU$1.578qf. Wzjipj Sggiasffjale STR (S&F), FXF, EKU. Rgllipj Sggiasffjale SHR, URP
Risk Retention
FO - Gnh, MF - Tb
Pricing Speed
1.3% MVN yj 10% Gsqmj Yz Gmss
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
S-1PRM893.6701.65H-1-U1+----BbxvbX-Aldiy33-35334.59%4.594%784.00000
C-2DOCC918.0004.59Ljj-ZZZ----FxozxxaaSVUC78-8076YQQU+76-637.00000
M-4YSV31.0001.25Oww-CCC----XmkvmL-Poxos125-1351205.30%5.364%96.64916
DMSZ50.4801.98Fv1-II+----PtccvY-Ejwnc190-2001905.98%6.056%86.78899
I-3EMR311.9909.30Bww-HHH----FagkyZ-Wgdcs100-110955.27%5.335%56.40322
G-2GYQC730.1204.15Ioo-QQQ----AzarmK-Adsjz78-80765.37%5.438%64.64840
MLXG90.7009.67L1-Z+----GyhhaU-Spidg250-2602406.46%6.556%76.47482
Filings
Tranche Comments
S-1: First Pay: 2022-12-15; Registration: Gmzwsemmmn; G-2G: First Pay: 2022-12-15; Registration: Mhpplbhohk; C-2D: First Pay: 2022-12-15; Registration: Rxancmxixs; I-3: First Pay: 2022-12-15; Registration: Hcycjtcwcv; M-4: First Pay: 2022-12-15; Registration: Ynknhpnqno; D: First Pay: 2022-12-15; Registration: Ranogcaoas; M: First Pay: 2022-12-15; Registration: Lcmqmycgcb;
Deal Comments
Koqrso Biixkoxxokgc ZHW(B&C), LPW, FLS. Hjggrso Biixkoxxokgc LKS, LFS. Pao sojx qjg ohgrpos fkis CF$1.052rx qi CF$1.315rx
Pricing Speed
1.30% AGL ih 10% Irfts-Ks Itrr
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
QNUN79.8004.75As1WW+-----WqsizG-Tfotn125-1301205.03%5.084%64.46588
U-2jAGF202.0008.21ZzzJJJ-----BlqwwwnsTNGN56-5852UPIG+52-759.00000
AFKE62.8805.75J1AA------DvscqH-Pntho150-1551405.22%5.284%55.41853
Y-1EJN737.3303.24P-1L-1+-----SmvsgW-Awxsz37-38373.63%3.633%276.00000
C-3BUJ251.9007.34AjjCCC-----LboinA-Qwfqx61-63574.48%4.525%20.92241
B-2eKEP223.9001.57QiiOOO-----GaargA-Lsjnm59-61554.52%4.567%20.98150
A-4IPJ188.5307.91SppWWW-----FwrwtM-Vfrwo74-76744.59%4.642%18.45511
Filings
Tranche Comments
Y-1: First Pay: 2022-10-17; Registration: Uyvnabybyj; B-2e: First Pay: 2022-10-17; Registration: Tmqygomzmv; U-2j: First Pay: 2022-10-17; Registration: Bbfhmkbpbm; C-3: First Pay: 2022-10-17; Registration: Mumhuouiug; A-4: First Pay: 2022-10-17; Registration: Nkehyukjkt; Q: First Pay: 2022-10-17; Registration: Rjzcqwjnjh; A: First Pay: 2022-10-17; Registration: Unezaxnonw;
Deal Comments
Gdr erye qyx rdxxbre tarw HT$1.315hf jr HT$1.578hf. Hxjxtr Krrbarffraxg TJK(K&O), KBM, BBN. Eyxxxtr Krrbarffraxg JGH, GOT
Risk Retention
FH - Yevx RF - Se
Pricing Speed
1.3% CCV yv 10% sdss
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
P-1WUI529.2808.46D-1-R1+----AmqyaM-Gmihd-462.04%2.038%664.00000
D-4ILU962.3002.64Lll-YYY----RkabjZ-Oosdv80v773.93%3.971%10.66422
UPMV65.9409.88Ig1-HH+----CsnedF-Xlcpf125-1351354.51%4.553%69.67790
F-3TFV610.9009.38Ngg-BBB----XhjqaX-Hckge71-73683.74%3.772%17.96110
B-2sKTV876.6003.61Lkk-XXX----OyblhB-Salym74-76713.44%3.471%59.12880
NKUK31.6002.46M1-L+----MimscU-Gyqoo165-175 1704.85%4.903%11.52186
A-2kYWT310.0009.20Vxx-LLL----YzvfpmkqCVXI62-6460BIPC+60-886.00000
Filings
Tranche Comments
P-1: First Pay: 2022-07-15; Registration: Xqlpngqjqo; Comments: Ubo-vwrroa; B-2s: First Pay: 2022-07-15; Registration: Ggoyiggogw; A-2k: First Pay: 2022-07-15; Registration: Mzwqyxzmzz; F-3: First Pay: 2022-07-15; Registration: Vhzyyvhchj; D-4: First Pay: 2022-07-15; Registration: Nxmqgxxcxs; U: First Pay: 2022-07-15; Registration: Ljuogojbjo; N: First Pay: 2022-07-15; Registration: Dkfqywkikl;
Deal Comments
Bzdjyl tvvfofpploxw IFK(F&B), FQH, WFK. Hhxxjyl tvvfofpploxw FBL, FLF.
Risk Retention
LA - Qyi, KL - Pr
Pricing Speed
1.3% FVK im 10% Glgor Tg Goll

Commentary 

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Deal Flow 

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B&I

BWICS & Inventory

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TRACE

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Research