Statistical Information as of March 31, 2015
Ford Credit Auto Owner Trust
Issuing Entity or Trust
Ford Motor Credit Company LLC
Sponsor and Servicer
FORD CREDIT’S U.S. RETAIL INSTALLMENT SALE CONTRACTS
The following table contains information about the retail installment sale contracts purchased by Ford
Credit from motor vehicle dealers during each of the periods indicated.
Origination Characteristics
Three Months
Ended March 31,
2015
Number of receivables
originated ................................
193,288
Aggregate original principal
$ 5,469
balance (in millions) ................................
Weighted average(1) original
term in months ................................ 64.2
Weighted average(1) FICO®
score at origination(2) ................................
736
Subvened receivables(3) ................................
38%
_______________
(1)
(2)
(3)
Year Ended December 31,
2014
2014
183,235
839,397
$ 5,008
2013
2012
2011
2010
764,705
714,226
658,372
575,266
$ 23,007
$ 20,612
$ 18,809
$ 17,083
$ 14,671
63.1
63.5
62.2
62.1
61.2
60.7
731
41%
736
45%
734
36%
730
35%
730
47%
721
59%
Weighted averages are weighted by the original principal balance of each receivable.
This weighted average excludes receivables that have obligors who do not have FICO® scores because they (a) are not individuals and use
financed vehicles for commercial purposes, or (b) are individuals with minimal or no recent credit history.
As a percent of the original principal balance of contracts purchased during the period.
FORD CREDIT’S U.S. RETAIL INSTALLMENT SALE CONTRACTS PORTFOLIO PERFORMANCE
The following table shows Ford Credit's delinquency, repossession and credit loss experience for its
portfolio of retail installment sale contracts. Delinquency, repossession or credit loss experience may be
influenced by a variety of economic, social, geographic and other factors beyond the control of Ford
Credit.
Delinquency, Repossession and Credit Loss Experience
Three Months
Ended March 31,
2015
2014
Year Ended December 31,
2013
2012
2011
2014
Average number of
contracts outstanding(1) ................................
1,953,071
1,864,466
Average portfolio
outstanding
(in millions)(2) ................................
$36,538
$ 33,543
2010
1,895,546
1,866,480
2,000,202
2,182,013
2,445,670
$ 34,646
$ 32,475
$ 31,693
$ 31,897
$ 34,673
Delinquencies
Average number of
delinquencies(3)
31 - 60 days ................................
31,137
61 - 90 days ................................2,742
Over 90 days ................................260
Average number of
delinquencies as a
percentage of average
number of contracts
outstanding
31 - 60 days ................................
1.59%
61 - 90 days ................................
0.14%
Over 90 days ................................
0.01%
37,268
3,357
261
35,617
3,057
263
40,972
3,426
266
47,906
3,397
307
50,354
3,456
358
54,095
3,563
508
2.00%
0.18%
0.01%
1.88%
0.16%
0.01%
2.20%
0.18%
0.01%
2.40%
0.17%
0.02%
2.31%
0.16%
0.02%
2.21%
0.15%
0.02%
1.54%
2.05%
2.54%
Repossessions and Credit Losses
Repossessions as a
percentage of average
number of contracts
outstanding(6)................................ 1.15%
Aggregate net losses
(in millions)(4) ................................ $32
Net losses as a
percentage of average
portfolio outstanding(6) ................................
0.35%
Net losses as a
percentage of gross
liquidations(5) ................................ 0.61%
Number of contracts
charged off ................................ 8,523
Number of contracts
charged off as a
percentage of average
number of contracts
outstanding(6)................................ 1.75%
Average net loss on
contracts charged off................................
$3,795
1.27%
$28
1.22%
$
113
1.37%
$
106
$
95
$
143
$
255
0.34%
0.33%
0.33%
0.30%
0.45%
0.74%
0.58%
0.57%
0.55%
0.52%
0.80%
1.36%
8,959
34,383
37,982
43,415
61,026
83,785
1.92%
1.81%
2.03%
2.17%
2.80%
3.43%
$ 3,164
$ 3,292
$ 2,798
$ 2,197
$ 2,351
$ 3,047
______________________
(1)
(2)
(3)
(4)
(5)
(6)
Average of the number of contracts outstanding at the beginning and end of each month in the period.
Average of the aggregate principal balance of contracts outstanding at the beginning and end of each month in the period.
Average of the number of contracts delinquent at the beginning and end of each month in the period. The period of delinquency is the number of
days that more than $49.99 of a scheduled monthly payment is past due, excluding accounts with bankrupt obligors.
Beginning in 2015, net losses include the aggregate balance ((i) remaining principal plus accrued finance charges, (ii) external costs associated
with repossession and disposition of vehicles incurred both before and after charge off and (iii) external costs associated with continued collection
efforts incurred after charge off) of all contracts that the servicer determined to be uncollectible in the period less any amounts received in the
period on contracts charged off in the period or any earlier periods. Starting in 2012 but prior to 2015, net losses included all of the same
external costs listed in the first sentence above except for those external costs associated with repossession of vehicles incurred before charge
off. Prior to 2012, net losses included all of the same external costs listed in the first sentence above except for those external costs associated
with repossession and disposition of vehicles incurred before charge off. In addition, for all periods, net losses include the estimated loss
recorded at the time a vehicle is repossessed and this estimated loss is adjusted to reflect the actual loss after the vehicle is sold.
Gross liquidations are cash payments and charge offs that reduce the outstanding balance of a contract.
For the non-annual periods, the percentages are annualized.