Ford Credit Auto Owner Trust 2024-A

01/22/2025 | Press release | Distributed by Public on 01/22/2025 09:09

Asset-Backed Issuer Distribution Report (Form 10-D)


Ford Credit Auto Owner Trust 2024-A
Monthly Investor Report
Collection Period December 2024
Payment Date 1/15/2025
Transaction Month 10
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 $1,696,683,364.30 46,551 55.8 months
Dollar Amount Note Interest Rate Final Scheduled Payment Date
Original Securities
Class A-1 Notes $ 305,000,000.00 5.524 % April 15, 2025
Class A-2a Notes $ 150,000,000.00 5.32 % January 15, 2027
Class A-2b Notes $ 410,000,000.00 4.95757 % * January 15, 2027
Class A-3 Notes $ 560,000,000.00 5.09 % December 15, 2028
Class A-4 Notes $ 75,000,000.00 5.01 % September 15, 2029
Class B Notes $ 47,350,000.00 5.26 % November 15, 2029
Class C Notes $ 31,560,000.00 0.00 % September 15, 2031
Total $ 1,578,910,000.00
* 30-day average SOFR + 0.36%
II. AVAILABLE FUNDS
Interest:
Interest Collections $ 5,249,344.13
Principal:
Principal Collections $ 31,136,402.63
Prepayments in Full $ 13,971,518.39
Liquidation Proceeds $ 553,754.21
Recoveries $ 26,477.62
Sub Total $ 45,688,152.85
Collections $ 50,937,496.98
Purchase Amounts:
Purchase Amounts Related to Principal $ 10,042.03
Purchase Amounts Related to Interest $ 35.02
Sub Total $ 10,077.05
Clean-up Call $ 0.00
Reserve Account Draw Amount $ 0.00
Available Funds - Total $50,947,574.03
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Ford Credit Auto Owner Trust 2024-A
Monthly Investor Report
Collection Period December 2024
Payment Date 1/15/2025
Transaction Month 10
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 $ 50,947,574.03
Servicing Fee $ 1,050,426.72 $ 1,050,426.72 $ 0.00 $ 0.00 $ 49,897,147.31
Interest - Class A-1 Notes $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 49,897,147.31
Interest - Class A-2a Notes $ 524,731.36 $ 524,731.36 $ 0.00 $ 0.00 $ 49,372,415.95
Interest - Class A-2b Notes $ 1,336,555.03 $ 1,336,555.03 $ 0.00 $ 0.00 $ 48,035,860.92
Interest - Class A-3 Notes $ 2,375,333.33 $ 2,375,333.33 $ 0.00 $ 0.00 $ 45,660,527.59
Interest - Class A-4 Notes $ 313,125.00 $ 313,125.00 $ 0.00 $ 0.00 $ 45,347,402.59
First Priority Principal Payment $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 45,347,402.59
Interest - Class B Notes $ 207,550.83 $ 207,550.83 $ 0.00 $ 0.00 $ 45,139,851.76
Second Priority Principal Payment $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 45,139,851.76
Interest - Class C Notes $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 45,139,851.76
Reserve Account Deposit $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 45,139,851.76
Regular Principal Payment $ 66,370,372.30 $ 45,139,851.76 $ 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 $ 50,947,574.03
Principal Payment:
First Priority Principal Payment $ 0.00
Second Priority Principal Payment $ 0.00
Regular Principal Payment $ 45,139,851.76
Total $ 45,139,851.76
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 $ 12,091,031.72 $ 80.61 $ 524,731.36 $ 3.50 $ 12,615,763.08 $ 84.11
Class A-2b Notes $ 33,048,820.04 $ 80.61 $ 1,336,555.03 $ 3.26 $ 34,385,375.07 $ 83.87
Class A-3 Notes $ 0.00 $ 0.00 $ 2,375,333.33 $ 4.24 $ 2,375,333.33 $ 4.24
Class A-4 Notes $ 0.00 $ 0.00 $ 313,125.00 $ 4.18 $ 313,125.00 $ 4.18
Class B Notes $ 0.00 $ 0.00 $ 207,550.83 $ 4.38 $ 207,550.83 $ 4.38
Class C Notes $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00
Total $ 45,139,851.76 $ 28.59 $ 4,757,295.55 $ 3.01 $ 49,897,147.31 $ 31.60
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Ford Credit Auto Owner Trust 2024-A
Monthly Investor Report
Collection Period December 2024
Payment Date 1/15/2025
Transaction Month 10

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 $ 118,360,458.20 0.7890697 $ 106,269,426.48 0.7084628
Class A-2b Notes $ 323,518,585.75 0.7890697 $ 290,469,765.71 0.7084628
Class A-3 Notes $ 560,000,000.00 1.0000000 $ 560,000,000.00 1.0000000
Class A-4 Notes $ 75,000,000.00 1.0000000 $ 75,000,000.00 1.0000000
Class B Notes $ 47,350,000.00 1.0000000 $ 47,350,000.00 1.0000000
Class C Notes $ 31,560,000.00 1.0000000 $ 31,560,000.00 1.0000000
Total $ 1,155,789,043.95 0.7320171 $ 1,110,649,192.19 0.7034278
Pool Information
Weighted Average APR 4.898 % 4.910 %
Weighted Average Remaining Term 48.89 48.15
Number of Receivables Outstanding 38,972 38,144
Pool Balance $ 1,260,512,066.47 $ 1,214,209,927.06
Adjusted Pool Balance (Pool Balance - YSOC Amount) $ 1,178,087,139.39 $ 1,135,262,815.74
Pool Factor 0.7429271 0.7156373

VI. OVERCOLLATERALIZATION INFORMATION
Specified Reserve Balance $ 3,947,285.02
Yield Supplement Overcollateralization Amount $ 78,947,111.32
Targeted Overcollateralization Amount $ 124,791,255.41
Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) $ 103,560,734.87

VII. RECONCILIATION OF RESERVE ACCOUNT
Beginning Reserve Account Balance $ 3,947,285.02
Reserve Account Deposits Made $ 0.00
Reserve Account Draw Amount $ 0.00
Ending Reserve Account Balance $ 3,947,285.02
Change in Reserve Account Balance $ 0.00
Specified Reserve Balance $ 3,947,285.02

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Ford Credit Auto Owner Trust 2024-A
Monthly Investor Report
Collection Period December 2024
Payment Date 1/15/2025
Transaction Month 10
VIII. NET LOSS AND DELINQUENT RECEIVABLES
# of Receivables Amount
Current Collection Period Loss:
Realized Loss (Charge-Offs) 84 $ 630,422.15
(Recoveries) 12 $ 26,477.62
Net Loss for Current Collection Period $ 603,944.53
Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) 0.5750 %
Prior and Current Collection Periods Average Loss:
Ratio of Net Loss to the Average Pool Balance (annualized)
Third Prior Collection Period 0.2388 %
Second Prior Collection Period 0.4337 %
Prior Collection Period 0.3208 %
Current Collection Period 0.5857 %
Four Month Average (Current and Prior Three Collection Periods) 0.3948 %
Cumulative Loss:
Cumulative Realized Loss (Charge-Offs) 704 $ 2,848,250.20
(Cumulative Recoveries) $ 120,674.84
Cumulative Net Loss for All Collection Periods $ 2,727,575.36
Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance 0.1608 %
Average Realized Loss for Receivables that have experienced a Realized Loss $ 4,045.81
Average Net Loss for Receivables that have experienced a Realized Loss $ 3,874.40
% of EOP Pool Balance # of Receivables Amount
Delinquent Receivables:
31-60 Days Delinquent 0.73 % 232 $ 8,813,524.82
61-90 Days Delinquent 0.15 % 39 $ 1,870,276.10
91-120 Days Delinquent 0.02 % 4 $ 295,756.14
Over 120 Days Delinquent 0.04 % 8 $ 434,959.28
Total Delinquent Receivables 0.94 % 283 $ 11,414,516.34
Repossession Inventory:
Repossessed in the Current Collection Period 10 $ 541,869.21
Total Repossessed Inventory 25 $ 1,160,579.31
Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables:
Second Prior Collection Period 0.1157 %
Prior Collection Period 0.1155 %
Current Collection Period 0.1337 %
Three Month Average 0.1216 %
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 0.2142 %
Delinquency Trigger Occurred No
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Ford Credit Auto Owner Trust 2024-A
Monthly Investor Report
Collection Period December 2024
Payment Date 1/15/2025
Transaction Month 10

Receivables Granted Extensions in the Current Collection Period: # of Receivables Amount
1 Month Extended 158 $6,966,039.97
2 Months Extended 177 $7,594,558.08
3+ Months Extended 20 $777,840.57
Total Receivables Extended 355 $15,338,438.62
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

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