Ford Credit Auto Owner Trust 2024-C
Monthly Investor Report
|
Collection Period
|
December 2024
|
Payment Date
|
1/15/2025
|
Transaction Month
|
4
|
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
|
$1,688,795,240.91
|
42,975
|
57.2 months
|
|
Dollar Amount
|
Note Interest Rate
|
Final Scheduled Payment Date
|
Original Securities
|
Class A-1 Notes
|
$
|
330,000,000.00
|
4.922
|
%
|
October 15, 2025
|
Class A-2a Notes
|
$
|
300,000,000.00
|
4.32
|
%
|
August 15, 2027
|
Class A-2b Notes
|
$
|
245,000,000.00
|
4.99757
|
%
|
*
|
August 15, 2027
|
Class A-3 Notes
|
$
|
545,000,000.00
|
4.07
|
%
|
July 15, 2029
|
Class A-4 Notes
|
$
|
80,000,000.00
|
4.11
|
%
|
July 15, 2030
|
Class B Notes
|
$
|
47,370,000.00
|
4.40
|
%
|
August 15, 2030
|
Class C Notes
|
$
|
31,570,000.00
|
0.00
|
%
|
March 15, 2032
|
Total
|
$
|
1,578,940,000.00
|
* 30-day average SOFR + 0.40%
|
II. AVAILABLE FUNDS
|
Interest:
|
Interest Collections
|
$
|
6,202,311.89
|
|
Principal:
|
Principal Collections
|
$
|
33,371,688.07
|
Prepayments in Full
|
$
|
13,409,254.37
|
Liquidation Proceeds
|
$
|
201,083.96
|
Recoveries
|
$
|
4,034.89
|
Sub Total
|
$
|
46,986,061.29
|
Collections
|
$
|
53,188,373.18
|
|
Purchase Amounts:
|
Purchase Amounts Related to Principal
|
$
|
0.00
|
Purchase Amounts Related to Interest
|
$
|
0.00
|
Sub Total
|
$
|
0.00
|
|
Clean-up Call
|
$
|
0.00
|
|
Reserve Account Draw Amount
|
$
|
0.00
|
|
Available Funds - Total
|
$53,188,373.18
|
Page 1
Ford Credit Auto Owner Trust 2024-C
Monthly Investor Report
|
Collection Period
|
December 2024
|
Payment Date
|
1/15/2025
|
Transaction Month
|
4
|
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
|
$
|
53,188,373.18
|
Servicing Fee
|
$
|
1,289,028.71
|
$
|
1,289,028.71
|
$
|
0.00
|
$
|
0.00
|
$
|
51,899,344.47
|
Interest - Class A-1 Notes
|
$
|
776,588.99
|
$
|
776,588.99
|
$
|
0.00
|
$
|
0.00
|
$
|
51,122,755.48
|
Interest - Class A-2a Notes
|
$
|
1,080,000.00
|
$
|
1,080,000.00
|
$
|
0.00
|
$
|
0.00
|
$
|
50,042,755.48
|
Interest - Class A-2b Notes
|
$
|
1,020,337.21
|
$
|
1,020,337.21
|
$
|
0.00
|
$
|
0.00
|
$
|
49,022,418.27
|
Interest - Class A-3 Notes
|
$
|
1,848,458.33
|
$
|
1,848,458.33
|
$
|
0.00
|
$
|
0.00
|
$
|
47,173,959.94
|
Interest - Class A-4 Notes
|
$
|
274,000.00
|
$
|
274,000.00
|
$
|
0.00
|
$
|
0.00
|
$
|
46,899,959.94
|
First Priority Principal Payment
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
46,899,959.94
|
Interest - Class B Notes
|
$
|
173,690.00
|
$
|
173,690.00
|
$
|
0.00
|
$
|
0.00
|
$
|
46,726,269.94
|
Second Priority Principal Payment
|
$
|
2,311,229.95
|
$
|
2,311,229.95
|
$
|
0.00
|
$
|
0.00
|
$
|
44,415,039.99
|
Interest - Class C Notes
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
44,415,039.99
|
Reserve Account Deposit
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
44,415,039.99
|
Regular Principal Payment
|
$
|
187,023,753.65
|
$
|
44,415,039.99
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
Additional Trustee and Other Fees/Expenses
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
Residual Released to Depositor
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
Total
|
$
|
53,188,373.18
|
|
Principal Payment:
|
First Priority Principal Payment
|
$
|
0.00
|
Second Priority Principal Payment
|
$
|
2,311,229.95
|
Regular Principal Payment
|
$
|
44,415,039.99
|
Total
|
$
|
46,726,269.94
|
|
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
|
$
|
46,726,269.94
|
$
|
141.59
|
$
|
776,588.99
|
$
|
2.35
|
$
|
47,502,858.93
|
$
|
143.94
|
Class A-2a Notes
|
$
|
0.00
|
$
|
0.00
|
$
|
1,080,000.00
|
$
|
3.60
|
$
|
1,080,000.00
|
$
|
3.60
|
Class A-2b Notes
|
$
|
0.00
|
$
|
0.00
|
$
|
1,020,337.21
|
$
|
4.16
|
$
|
1,020,337.21
|
$
|
4.16
|
Class A-3 Notes
|
$
|
0.00
|
$
|
0.00
|
$
|
1,848,458.33
|
$
|
3.39
|
$
|
1,848,458.33
|
$
|
3.39
|
Class A-4 Notes
|
$
|
0.00
|
$
|
0.00
|
$
|
274,000.00
|
$
|
3.43
|
$
|
274,000.00
|
$
|
3.43
|
Class B Notes
|
$
|
0.00
|
$
|
0.00
|
$
|
173,690.00
|
$
|
3.67
|
$
|
173,690.00
|
$
|
3.67
|
Class C Notes
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
Total
|
$
|
46,726,269.94
|
$
|
29.59
|
$
|
5,173,074.53
|
$
|
3.28
|
$
|
51,899,344.47
|
$
|
32.87
|
|
Page 2
Ford Credit Auto Owner Trust 2024-C
Monthly Investor Report
|
Collection Period
|
December 2024
|
Payment Date
|
1/15/2025
|
Transaction Month
|
4
|
V. NOTE BALANCE AND POOL INFORMATION
|
Beginning of Period
|
End of Period
|
Balance
|
Note Factor
|
Balance
|
Note Factor
|
Class A-1 Notes
|
$
|
189,334,983.60
|
0.5737424
|
$
|
142,608,713.66
|
0.4321476
|
Class A-2a Notes
|
$
|
300,000,000.00
|
1.0000000
|
$
|
300,000,000.00
|
1.0000000
|
Class A-2b Notes
|
$
|
245,000,000.00
|
1.0000000
|
$
|
245,000,000.00
|
1.0000000
|
Class A-3 Notes
|
$
|
545,000,000.00
|
1.0000000
|
$
|
545,000,000.00
|
1.0000000
|
Class A-4 Notes
|
$
|
80,000,000.00
|
1.0000000
|
$
|
80,000,000.00
|
1.0000000
|
Class B Notes
|
$
|
47,370,000.00
|
1.0000000
|
$
|
47,370,000.00
|
1.0000000
|
Class C Notes
|
$
|
31,570,000.00
|
1.0000000
|
$
|
31,570,000.00
|
1.0000000
|
Total
|
$
|
1,438,274,983.60
|
0.9109117
|
$
|
1,391,548,713.66
|
0.8813183
|
|
Pool Information
|
Weighted Average APR
|
4.748
|
%
|
4.754
|
%
|
Weighted Average Remaining Term
|
54.75
|
53.97
|
Number of Receivables Outstanding
|
41,026
|
40,350
|
Pool Balance
|
$
|
1,546,834,447.17
|
$
|
1,499,581,718.35
|
Adjusted Pool Balance (Pool Balance - YSOC Amount)
|
$
|
1,448,090,741.04
|
$
|
1,404,393,753.65
|
Pool Factor
|
0.9159396
|
0.8879595
|
|
VI. OVERCOLLATERALIZATION INFORMATION
|
Specified Reserve Balance
|
$
|
3,947,369.66
|
Yield Supplement Overcollateralization Amount
|
$
|
95,187,964.70
|
Targeted Overcollateralization Amount
|
$
|
126,766,922.00
|
Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance)
|
$
|
108,033,004.69
|
|
VII. RECONCILIATION OF RESERVE ACCOUNT
|
Beginning Reserve Account Balance
|
$
|
3,947,369.66
|
Reserve Account Deposits Made
|
$
|
0.00
|
Reserve Account Draw Amount
|
$
|
0.00
|
Ending Reserve Account Balance
|
$
|
3,947,369.66
|
Change in Reserve Account Balance
|
$
|
0.00
|
Specified Reserve Balance
|
$
|
3,947,369.66
|
|
Page 3
Ford Credit Auto Owner Trust 2024-C
Monthly Investor Report
|
Collection Period
|
December 2024
|
Payment Date
|
1/15/2025
|
Transaction Month
|
4
|
VIII. NET LOSS AND DELINQUENT RECEIVABLES
|
# of Receivables
|
Amount
|
Current Collection Period Loss:
|
Realized Loss (Charge-Offs)
|
61
|
$
|
270,702.42
|
(Recoveries)
|
4
|
$
|
4,034.89
|
Net Loss for Current Collection Period
|
$
|
266,667.53
|
Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized)
|
0.2069
|
%
|
|
Prior and Current Collection Periods Average Loss:
|
|
Ratio of Net Loss to the Average Pool Balance (annualized)
|
Third Prior Collection Period
|
0.0002
|
%
|
Second Prior Collection Period
|
0.0231
|
%
|
Prior Collection Period
|
0.2581
|
%
|
Current Collection Period
|
0.2101
|
%
|
Four Month Average (Current and Prior Three Collection Periods)
|
0.1229
|
%
|
|
Cumulative Loss:
|
Cumulative Realized Loss (Charge-Offs)
|
203
|
$
|
645,041.09
|
(Cumulative Recoveries)
|
$
|
9,336.98
|
Cumulative Net Loss for All Collection Periods
|
$
|
635,704.11
|
Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance
|
0.0376
|
%
|
|
Average Realized Loss for Receivables that have experienced a Realized Loss
|
$
|
3,177.54
|
Average Net Loss for Receivables that have experienced a Realized Loss
|
$
|
3,131.55
|
|
% of EOP Pool Balance
|
# of Receivables
|
Amount
|
Delinquent Receivables:
|
31-60 Days Delinquent
|
0.61
|
%
|
201
|
$
|
9,079,287.66
|
61-90 Days Delinquent
|
0.06
|
%
|
22
|
$
|
930,349.18
|
91-120 Days Delinquent
|
0.03
|
%
|
10
|
$
|
472,522.80
|
Over 120 Days Delinquent
|
0.00
|
%
|
1
|
$
|
33,005.67
|
Total Delinquent Receivables
|
0.70
|
%
|
234
|
$
|
10,515,165.31
|
|
Repossession Inventory:
|
Repossessed in the Current Collection Period
|
9
|
$
|
432,651.74
|
Total Repossessed Inventory
|
13
|
$
|
615,315.62
|
|
Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables:
|
Second Prior Collection Period
|
0.0288
|
%
|
Prior Collection Period
|
0.0634
|
%
|
Current Collection Period
|
0.0818
|
%
|
Three Month Average
|
0.0580
|
%
|
|
Delinquency Trigger (61+ Delinquent Receivables)
|
Transaction Month
|
Trigger
|
1-12
|
0.80%
|
13-24
|
1.30%
|
25-36
|
2.40%
|
37+
|
4.75%
|
61+ Delinquent Receivables Balance to EOP Pool Balance
|
0.0958
|
%
|
Delinquency Trigger Occurred
|
No
|
Page 4
Ford Credit Auto Owner Trust 2024-C
Monthly Investor Report
|
Collection Period
|
December 2024
|
Payment Date
|
1/15/2025
|
Transaction Month
|
4
|
|
Receivables Granted Extensions in the Current Collection Period:
|
# of Receivables
|
Amount
|
|
1 Month Extended
|
149
|
$7,004,877.67
|
2 Months Extended
|
153
|
$7,503,043.08
|
3+ Months Extended
|
11
|
$349,397.39
|
|
Total Receivables Extended
|
313
|
$14,857,318.14
|
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 5, 2024
|
|
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
Page 5