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
|
Page 1
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
|
|
Page 2
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
|
|
Page 3
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
|
Page 4
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
Page 5