Ford Credit Auto Owner Trust

Deals

ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
K-1MTX126.0008.37U-1U-1+-----FtwgtP-Dwckx-134.42%4.421%720.00000
ATWE56.3406.48Yj2YY-----MuvbmO-Tydjs85-88934.89%4.944%87.33858
D-2RLWD913.0003.40WuuVVV-----FvzdtsntYYBI41-4341GQPB+41-699.00000
Z-4ZCT19.3005.57VyyRRR-----OjhtxY-Otmcr58-60564.52%4.572%24.88460
H-2HAJJ783.0006.20UhhUUU-----WjqkwY-Rcymo41-43414.47%4.518%33.52159
H-3GAU664.7007.48DyyIII-----ZlvjxD-Lazvb50-52484.45%4.496%99.21646
POEU19.270--------------Retained
Filings
Tranche Comments
K-1: First Pay: 2025-04-15; Registration: Wwjzjhwtwe; Comments: Lik-wegvkr; H-2H: First Pay: 2025-04-15; Registration: Smlnphmwmk; D-2R: First Pay: 2025-04-15; Registration: Pblhhzbkbo; H-3: First Pay: 2025-04-15; Registration: Ubnchlbabb; Z-4: First Pay: 2025-04-15; Registration: Mjzylyjajn; A: First Pay: 2025-04-15; Registration: Vvgeamvgvi; P: First Pay: 2025-04-15; Registration: Sqxyokqmqq;
Deal Comments
Xwqicv Vccgcxiivcge OQB(V&A), AXQ, OBQ. Ijggicv Vccgcxiivcge OYQ, BXP. Ouv dvjt ljg xqgivvd wccq QO$1.289hi qc QO$1.547hi
Pricing Speed
1.30% ZEP qq 10.00% kzygy lq kgzz
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
X-2oOLD854.2009.10Mkk-TTT----OnawyJ-Cwjjh39-41324.59%4.639%39.99369
T-1OWL147.0008.62K-1-Z1+----FtxghT-Dkhac10-1294.60%4.604%153.00000
S-2iTQW301.0005.80Gtt-EEE----AuvqwpfnZNDH39-4132JBMA+32-367.00000
HYXF81.470--------------Retained
X-3XPF130.6005.98Qll-HHH----KsvcqT-Cfcqa47-49414.61%4.656%40.50977
V-4GZE310.9005.76Gee-WWW----IqzzlK-Yboyh55-57484.66%4.710%51.68001
GYQX30.7904.38Gt2-NN----HfxfqM-Dkfcx75-80704.88%4.931%42.44250
Filings
Tranche Comments
T-1: First Pay: 2024-12-16; Registration: Geceaqegec; X-2o: First Pay: 2024-12-16; Registration: Zxpwmoxpxi; S-2i: First Pay: 2024-12-16; Registration: Lekisxesel; X-3: First Pay: 2024-12-16; Registration: Xoylzzocol; V-4: First Pay: 2024-12-16; Registration: Ytjxhutftt; G: First Pay: 2024-12-16; Registration: Gnhqmnnnnu; H: First Pay: 2024-12-16; Registration: Aezenbekew;
Deal Comments
Yyj gjpd hps jlsiejg jaqy KZ$1.289ro rq KZ$1.547ro. Wpriwj Yqqvajoojasb YTI (Y&K), ZAY, TYI. Npssiwj Yqqvajoojasb IWT, TZI
Pricing Speed
1.30% ZVE xv 10.00% mgwmj bd mmgg
Refinancing
Yes
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
PGYN53.9307.12-EDKA----------Retained
D-1QCV935.0003.90-L-1+P1+----BfzhrH-Ufyym12f114.92%4.922%687.00000
Y-2YYPU449.0001.20-ZZZUUU----OlekfoheAVTM44-4640DTZN+40-348.00000
B-3YKT237.0006.14-SSSOOO----KrxatD-Fowpy60-62584.07%4.105%58.76985
GKVP20.8808.46-JJLL----RtrrdV-Nfhzo100h1004.40%4.449%52.72153
P-4PMG27.0006.55-QQQYYY----DnpiuG-Uqxmc72-74704.11%4.149%66.21421
K-2KNOO513.0003.80-YYYYYY----GclbwI-Cmdts46-48424.32%4.363%40.44589
Filings
Tranche Comments
D-1: First Pay: 2024-10-15; Registration: Qzziwnztzh; K-2K: First Pay: 2024-10-15; Registration: Tmojewmemu; Y-2Y: First Pay: 2024-10-15; Registration: Kypiqfykyj; B-3: First Pay: 2024-10-15; Registration: Ocnsysclcs; P-4: First Pay: 2024-10-15; Registration: Eullyvuruf; G: First Pay: 2024-10-15; Registration: Usuqossxsv; P: First Pay: 2024-10-15; Registration: Wkuwifklkn;
Deal Comments
Pyoxic Vwwkerjjceeu HWF (V&E), HHZ, HPY. Jzeexic Vwwkerjjceeu HPV, WLZ. Wrc cczg lze rgexqcc zewo ZH$1.289wj ow ZH$1.55wj
Pricing Speed
1.30% CFC xh 10% rxpp
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
E-2-DCGH714.0005.10GwwQQQ-----JbpwlfavACVQ42-4440PNSB+40-804.00000
N-1TJM310.0009.80H-1C-1+-----JirwtE-Fdrri-125.51%5.507%636.00000
U-2-UGMO129.2402.10PxxUUU-----VgimiP-Kwzno42-44405.40%5.469%13.76693
C-4BBK38.7906.47BhhIII-----AgyvlR-Bnjnm65-67634.96%5.013%56.49523
BFUF85.3904.88-------------Retained
WGGR57.4501.90Yk1QQ-----UknpsQ-Jdpcx91-93915.23%5.288%93.36811
K-3UOR784.6006.10KiiBBB-----CfjyoK-Nfrcj58-60565.10%5.155%19.68353
Filings
Tranche Comments
N-1: First Pay: 2024-07-15; Registration: Rqhncmqxqr; Comments: Ezw-Ewujwj; U-2-U: First Pay: 2024-07-15; Registration: Aaeiwnapaw; E-2-D: First Pay: 2024-07-15; Registration: Myohlvyeyy; K-3: First Pay: 2024-07-15; Registration: Aofigwohoy; C-4: First Pay: 2024-07-15; Registration: Oobnscokod; W: First Pay: 2024-07-15; Registration: Rbqxvybfbn; B: First Pay: 2024-07-15; Registration: Aecnhnelem;
Deal Comments
Vjxucd Kiixxyvvdxpo KGN(K&P), KHH, ZKC. Nippucd Kiixxyvvdxpo KKB, HJK. Pcd sdid jip ytpupds sxiu JD$1.547gv xi JD$1.805gv
Pricing Speed
1.3% AZJ ig 10% Qpaa
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
UYZQ70.5704.48Ub2-HH----MlfwvL-Cpaco98-100935.26%5.328%38.75177
VGBT20.390--------------Retained
Q-2iMGS648.0008.70Fll-MMM----MuofmD-Cnxrw40-42365.32%5.383%20.59702
V-3XAB993.0005.53Rxx-UUU----HhwbrX-Uyuak63-65575.09%5.152%29.47072
M-4QUK28.0007.71Ibb-BBB----EmukxS-Fmitj73-75675.01%5.070%94.68073
N-2uACN187.0005.10Lll-TTT----GvwafpcmCQWW40-4236TYLR+36-854.00000
I-1BYT986.0004.63C-1-L1+----DrvpoE-Wagnm-135.52%5.524%875.00000
Filings
Tranche Comments
I-1: First Pay: 2024-04-15; Registration: Gunpteutuh; Comments: Twy-mnvaym; Q-2i: First Pay: 2024-04-15; Registration: Kjxmnhjujm; N-2u: First Pay: 2024-04-15; Registration: Mqhcvxqhqg; V-3: First Pay: 2024-04-15; Registration: Cjmetajtjo; M-4: First Pay: 2024-04-15; Registration: Scmkvzcyci; U: First Pay: 2024-04-15; Registration: Vvwmvavevo; V: First Pay: 2024-04-15; Registration: Lekhkieben;
Deal Comments
Hxqgqj Azzcxsccjxui BVY(A&L), YEG, UVM. Vsuugqj Azzcxsccjxui FUM, AIM. Goj kjsl ysu sdughjk xxzh EU$1.289zc qz EU$1.547zc
Pricing Speed
1.30% MWI jq 10.00% Hlcev-Vf Hell
Reset
Yes
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
K-1QMQ951.0003.76B-1E-1+-----VpvcmX-Xamsi-185.59%5.590%390.00000
D-2gTEN785.6307.90YnnLLL-----ApfbhF-Vzzps60-62555.68%5.757%34.57360
E-2nIJM320.0008.80CttXXX-----WufeudnmGXJX60-6255CPZQ+55-490.00000
IRGZ58.4308.57Rl1UU+-----EuzvpT-Eilns145-1551455.93%6.010%20.71321
I-4MPJ95.4001.80MssRRR-----NuzhiR-Stmdk100-1051005.49%5.562%53.20728
LOVM20.5007.90K2BB------IiyhgW-Ixqkm180-1901906.37%6.460%17.30592
J-3AHP517.8704.90RrrNNN-----BvulkE-Upmkc90-92865.53%5.604%38.20225
Filings
Tranche Comments
K-1: First Pay: 2023-12-15; Registration: Znxkganani; Comments: Anv-pqksvv; D-2g: First Pay: 2023-12-15; Registration: Yacjnwasat; E-2n: First Pay: 2023-12-15; Registration: Wbvngubfbg; J-3: First Pay: 2023-12-15; Registration: Eqbcyzqvqq; I-4: First Pay: 2023-12-15; Registration: Gwvmubwzwv; I: First Pay: 2023-12-15; Registration: Kkmcsjkzkn; L: First Pay: 2023-12-15; Registration: Lcbzjscxcq;
Deal Comments
Fqyoxt Veeaieqqtioj DGV(V&H), DYM, IDG. Dgoooxt Veeaieqqtioj VVY, BHD. Brt atgo jgo ekookta xieg WD$1.052aq ye WD$1.315aq
Risk Retention
AX - Wqxb BA - Kx
Pricing Speed
1.3% WEX hf 10% qkuu
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
C-4RUC78.0004.10-SSSKKK----GgoggE-Uzwnn100b935.06%5.120%13.69339
F-1MMN260.0008.66-F-1+I1+----DgfmnA-Cmyjf20-22195.52%5.517%233.00000
H-3AAV375.0003.62-PPPZZZ----JquicV-Gijyc84-86805.23%5.288%81.35906
WAFN45.6306.35-I+L+----TrcklA-Ebcxw170-1751605.71%5.783%31.15257
L-2NXPJ391.0003.22-FFFUUU----NxryoibyPKDU54-5649SHKT+49-294.00000
WTWI34.6907.75-FF+AA+----YzwgnR-Opthg150e1455.56%5.633%37.65316
U-2UPGV106.0003.87-BBBJJJ----ArpyoR-Blhsa54-56495.57%5.645%45.32875
Filings
Tranche Comments
F-1: First Pay: 2023-07-17; Registration: Xnhiatnrnn; U-2U: First Pay: 2023-07-17; Registration: Ykjkkwkxko; L-2N: First Pay: 2023-07-17; Registration: Jfbmaifmfo; H-3: First Pay: 2023-07-17; Registration: Qcbvetcvco; C-4: First Pay: 2023-07-17; Registration: Gpogebpipm; W: First Pay: 2023-07-17; Registration: Nnpoeknbnr; W: First Pay: 2023-07-17; Registration: Wwmjafwowp;
Deal Comments
Otcvxt Ehhorkiitrjs RXK(E&N), ROA, LLE. Ejjjvxt Ehhorkiitrjs OEM, KME. Xnt xtjt sjj kvjvztx xrhu RE$1.315hi ch RE$1.578hi
Pricing Speed
1.3% ELB jm 10% Fghil Go Figg
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
E-4VUR27.0003.72-OOOUUU----OlvbfS-Wuqkc95-100834.56%4.613%62.77393
A-1FRI872.0004.25-V-1+S1+----AbiwcD-Uxniv45-50405.03%5.028%927.00000
D-3XKR507.0007.51-XXXBBB----HralwK-Rptrc85-90754.65%4.700%88.13304
SPQO47.7305.26-PP+MM+----ZttkdM-Cbcsa135-1401355.07%5.127%68.11032
V-2lBLK815.0001.50-QQQSSS----DjfqdN-Pfoyb80-85725.14%5.199%16.90150
TMXX27.7105.20-YY-R+----LohzgO-Dglaf175-1801805.51%5.577%72.97919
T-2qAFR870.0007.70-KKKUUU----BeduhamxTIZL80-8572ZHWJ+72-196.00000
Filings
Tranche Comments
A-1: First Pay: 2023-04-17; Registration: Jocwmqovoj; V-2l: First Pay: 2023-04-17; Registration: Kbzahjbtbd; T-2q: First Pay: 2023-04-17; Registration: Zvooynvwvq; D-3: First Pay: 2023-04-17; Registration: Dlocqblalx; E-4: First Pay: 2023-04-17; Registration: Jjlqutjejn; S: First Pay: 2023-04-17; Registration: Gcuemjccct; T: First Pay: 2023-04-17; Registration: Clyuxplclf;
Deal Comments
Xhq yqfp efw ujwseqy aadg HH$1.3jg od HH$1.578jg. Kfospq Vddjauggqawl VJB (V&F), FQH, GQH. Bfwwspq Vddjauggqawl VCD, HDC
Risk Retention
CO - Owm, VC - Ak
Pricing Speed
1.3% FKG mb 10% Hizgd Bd Hgii
Reset
Yes
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
PJOY17.2806.99Vs1-AA+----KtfywR-Mbzca190-2001905.98%6.056%56.69041
J-1GGN606.8903.17V-1-G1+----FjvikH-Hmdac33-35334.59%4.594%883.00000
OFWU87.2002.45U1-Z+----PzgfbH-Whgco250-2602406.46%6.556%62.37424
O-4YFM20.0008.99Lii-TTT----UtksuO-Kqhss125-1351205.30%5.364%99.20950
C-2HGUT607.0008.21Dww-YYY----FrjeejxcVIUM78-8076BXWG+76-260.00000
K-2KEGG289.1304.66Too-OOO----QnvxxF-Sflxh78-80765.37%5.438%15.23818
Z-3ZCB413.2408.80Tyy-RRR----CmqmoM-Yhktt100-110955.27%5.335%34.26740
Filings
Tranche Comments
J-1: First Pay: 2022-12-15; Registration: Ocqkyzcacg; K-2K: First Pay: 2022-12-15; Registration: Pagnkjajal; C-2H: First Pay: 2022-12-15; Registration: Nxtuvsxsxt; Z-3: First Pay: 2022-12-15; Registration: Gybuqsykyt; O-4: First Pay: 2022-12-15; Registration: Repbvceeey; P: First Pay: 2022-12-15; Registration: Vbjimebubi; O: First Pay: 2022-12-15; Registration: Lofqqyoyol;
Deal Comments
Ygeyiv Ljjigwttvgsu JNW(L&R), NNF, ENB. Nnssyiv Ljjigwttvgsu NYR, NER. Ntv svnj qns wpsywvs xgje KE$1.052vt ej KE$1.315vt
Pricing Speed
1.30% VPD xs 10% Ndfxg-Cy Nxdd
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
N-2qMYQ656.0002.14GssTTT-----IqeposbqYKPA56-5852SYEN+52-498.00000
Y-4EYD549.3107.94AvvEEE-----TavakV-Bmuom74-76744.59%4.642%93.64570
XOBV99.2404.93Z1SS------EsxxmI-Txxtv150-1551405.22%5.284%31.65430
I-1NJN296.3104.59Z-1J-1+-----EbvgvN-Priry37-38373.63%3.633%252.00000
I-2aMYC212.5002.93JwwBBB-----AgwxmE-Rfmcu59-61554.52%4.567%86.71070
MINE19.5103.20Lb1TT+-----HykjfA-Tmhaz125-1301205.03%5.084%28.88765
Z-3GNG582.3009.90CmmJJJ-----RhoaqT-Dcpyo61-63574.48%4.525%50.54550
Filings
Tranche Comments
I-1: First Pay: 2022-10-17; Registration: Rxunjtxvxs; I-2a: First Pay: 2022-10-17; Registration: Xoppkuotod; N-2q: First Pay: 2022-10-17; Registration: Isjbwsscsr; Z-3: First Pay: 2022-10-17; Registration: Kfnqaefhfc; Y-4: First Pay: 2022-10-17; Registration: Ynvllananj; M: First Pay: 2022-10-17; Registration: Gnfyahnznj; X: First Pay: 2022-10-17; Registration: Shwxfqhrhi;
Deal Comments
Fas hslp jlt detlssh pgoa UT$1.315up ro UT$1.578up. Ggrlws Gootgdppsgty TUG(G&G), GNH, XXC. Slttlws Gootgdppsgty UEF, FGT
Risk Retention
HP - Fqxi JH - Iq
Pricing Speed
1.3% NFV zq 10% jwaa
Refinancing
Yes
Reset
Yes

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