Ford Credit Auto Owner Trust 2024-B
07/21/2025 | Press release | Distributed by Public on 07/21/2025 07:45
Asset-Backed Issuer Distribution Report (Form 10-D)
Ford Credit Auto Owner Trust 2024-B
Monthly Investor Report
| Collection Period | June 2025 | ||||
| Payment Date | 7/15/2025 | ||||
| Transaction Month | 13 | ||||
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 | $ | 1,999,478,618.95 | 53,438 | 57.0 months | |||||||||||||
| Dollar Amount | Note Interest Rate | Final Scheduled Payment Date | |||||||||||||||
| Original Securities | |||||||||||||||||
| Class A-1 Notes | $ | 350,000,000.00 | 5.507 | % | July 15, 2025 | ||||||||||||
| Class A-2a Notes | $ | 323,350,000.00 | 5.40 | % | April 15, 2027 | ||||||||||||
| Class A-2b Notes | $ | 330,000,000.00 | 4.70385 | % | * | April 15, 2027 | |||||||||||
| Class A-3 Notes | $ | 653,300,000.00 | 5.10 | % | April 15, 2029 | ||||||||||||
| Class A-4 Notes | $ | 93,350,000.00 | 4.96 | % | May 15, 2030 | ||||||||||||
| Class B Notes | $ | 55,260,000.00 | 5.23 | % | May 15, 2030 | ||||||||||||
| Class C Notes | $ | 36,830,000.00 | 0.00 | % | December 15, 2031 | ||||||||||||
| Total | $ | 1,842,090,000.00 | |||||||||||||||
| * 30-day average SOFR + 0.40% | |||||||||||||||||
II. AVAILABLE FUNDS
| Interest: | |||||
| Interest Collections | $ | 5,277,628.43 | |||
| Principal: | |||||
| Principal Collections | $ | 32,475,125.84 | |||
| Prepayments in Full | $ | 17,014,490.61 | |||
| Liquidation Proceeds | $ | 651,661.14 | |||
| Recoveries | $ | 77,978.33 | |||
| Sub Total | $ | 50,219,255.92 | |||
| Collections | $ | 55,496,884.35 | |||
| Purchase Amounts: | |||||
| Purchase Amounts Related to Principal | $ | 4,378.50 | |||
| Purchase Amounts Related to Interest | $ | 11.01 | |||
| Sub Total | $ | 4,389.51 | |||
| Clean-up Call | $0.00 | ||||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Available Funds - Total | $55,501,273.86 | ||||
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Ford Credit Auto Owner Trust 2024-B
Monthly Investor Report
| Collection Period | June 2025 | ||||
| Payment Date | 7/15/2025 | ||||
| Transaction Month | 13 | ||||
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 | $ | 55,501,273.86 | |||||||||||||||||||
| Servicing Fee | $ | 1,116,338.79 | $ | 1,116,338.79 | $ | 0.00 | $ | 0.00 | $ | 54,384,935.07 | |||||||||||||||||||
| Interest - Class A-1 Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 54,384,935.07 | |||||||||||||||||||
| Interest - Class A-2a Notes | $ | 811,161.66 | $ | 811,161.66 | $ | 0.00 | $ | 0.00 | $ | 53,573,773.41 | |||||||||||||||||||
| Interest - Class A-2b Notes | $ | 697,083.72 | $ | 697,083.72 | $ | 0.00 | $ | 0.00 | $ | 52,876,689.69 | |||||||||||||||||||
| Interest - Class A-3 Notes | $ | 2,776,525.00 | $ | 2,776,525.00 | $ | 0.00 | $ | 0.00 | $ | 50,100,164.69 | |||||||||||||||||||
| Interest - Class A-4 Notes | $ | 385,846.67 | $ | 385,846.67 | $ | 0.00 | $ | 0.00 | $ | 49,714,318.02 | |||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 49,714,318.02 | |||||||||||||||||||
| Interest - Class B Notes | $ | 240,841.50 | $ | 240,841.50 | $ | 0.00 | $ | 0.00 | $ | 49,473,476.52 | |||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 49,473,476.52 | |||||||||||||||||||
| Interest - Class C Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 49,473,476.52 | |||||||||||||||||||
| Reserve Account Deposit | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 49,473,476.52 | |||||||||||||||||||
| Regular Principal Payment | $ | 46,811,552.27 | $ | 46,811,552.27 | $ | 0.00 | $ | 0.00 | $ | 2,661,924.25 | |||||||||||||||||||
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 2,661,924.25 | |||||||||||||||||||
| Residual Released to Depositor | $ | 0.00 | $ | 2,661,924.25 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||
| Total | $ | 55,501,273.86 | |||||||||||||||||||||||||||
| Principal Payment: | |||||||||||||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Regular Principal Payment | $ | 46,811,552.27 | |||||||||||||||||||||||||||
| Total | $ | 46,811,552.27 | |||||||||||||||||||||||||||
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 | $ | 23,167,544.85 | $ | 71.65 | $ | 811,161.66 | $ | 2.51 | $ | 23,978,706.51 | $ | 74.16 | |||||||||||||||||||||||
| Class A-2b Notes | $ | 23,644,007.42 | $ | 71.65 | $ | 697,083.72 | $ | 2.11 | $ | 24,341,091.14 | $ | 73.76 | |||||||||||||||||||||||
| Class A-3 Notes | $ | 0.00 | $ | 0.00 | $ | 2,776,525.00 | $ | 4.25 | $ | 2,776,525.00 | $ | 4.25 | |||||||||||||||||||||||
| Class A-4 Notes | $ | 0.00 | $ | 0.00 | $ | 385,846.67 | $ | 4.13 | $ | 385,846.67 | $ | 4.13 | |||||||||||||||||||||||
| Class B Notes | $ | 0.00 | $ | 0.00 | $ | 240,841.50 | $ | 4.36 | $ | 240,841.50 | $ | 4.36 | |||||||||||||||||||||||
| Class C Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||||||
| Total | $ | 46,811,552.27 | $ | 25.41 | $ | 4,911,458.55 | $ | 2.67 | $ | 51,723,010.82 | $ | 28.08 | |||||||||||||||||||||||
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Ford Credit Auto Owner Trust 2024-B
Monthly Investor Report
| Collection Period | June 2025 | ||||
| Payment Date | 7/15/2025 | ||||
| Transaction Month | 13 | ||||
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 | $ | 180,258,147.73 | 0.5574707 | $ | 157,090,602.88 | 0.4858222 | |||||||||||||||||
| Class A-2b Notes | $ | 183,965,327.82 | 0.5574707 | $ | 160,321,320.40 | 0.4858222 | |||||||||||||||||
| Class A-3 Notes | $ | 653,300,000.00 | 1.0000000 | $ | 653,300,000.00 | 1.0000000 | |||||||||||||||||
| Class A-4 Notes | $ | 93,350,000.00 | 1.0000000 | $ | 93,350,000.00 | 1.0000000 | |||||||||||||||||
| Class B Notes | $ | 55,260,000.00 | 1.0000000 | $ | 55,260,000.00 | 1.0000000 | |||||||||||||||||
| Class C Notes | $ | 36,830,000.00 | 1.0000000 | $ | 36,830,000.00 | 1.0000000 | |||||||||||||||||
| Total | $ | 1,202,963,475.55 | 0.6530427 | $ | 1,156,151,923.28 | 0.6276305 | |||||||||||||||||
| Pool Information | |||||||||||
| Weighted Average APR | 4.714 | % | 4.720 | % | |||||||
| Weighted Average Remaining Term | 47.66 | 46.90 | |||||||||
| Number of Receivables Outstanding | 42,303 | 41,395 | |||||||||
| Pool Balance | $ | 1,339,606,544.44 | $ | 1,288,676,319.58 | |||||||
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 1,239,805,451.82 | $ | 1,192,993,899.55 | |||||||
| Pool Factor | 0.6699779 | 0.6445062 | |||||||||
VI. OVERCOLLATERALIZATION INFORMATION
| Specified Reserve Balance | $ | 4,605,247.03 | |||
| Yield Supplement Overcollateralization Amount | $ | 95,682,420.03 | |||
| Targeted Overcollateralization Amount | $ | 132,524,396.30 | |||
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 132,524,396.30 | |||
VII. RECONCILIATION OF RESERVE ACCOUNT
| Beginning Reserve Account Balance | $ | 4,605,247.03 | |||
| Reserve Account Deposits Made | $ | 0.00 | |||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Ending Reserve Account Balance | $ | 4,605,247.03 | |||
| Change in Reserve Account Balance | $ | 0.00 | |||
| Specified Reserve Balance | $ | 4,605,247.03 | |||
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Ford Credit Auto Owner Trust 2024-B
Monthly Investor Report
| Collection Period | June 2025 | ||||
| Payment Date | 7/15/2025 | ||||
| Transaction Month | 13 | ||||
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| # of Receivables | Amount | ||||||||||||||||
| Current Collection Period Loss: | |||||||||||||||||
| Realized Loss (Charge-Offs) | 87 | $ | 784,568.77 | ||||||||||||||
| (Recoveries) | 39 | $ | 77,978.33 | ||||||||||||||
| Net Loss for Current Collection Period | $ | 706,590.44 | |||||||||||||||
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | 0.6330 | % | |||||||||||||||
| Prior and Current Collection Periods Average Loss: | |||||||||||||||||
| Ratio of Net Loss to the Average Pool Balance (annualized) | |||||||||||||||||
| Third Prior Collection Period | 0.6807 | % | |||||||||||||||
| Second Prior Collection Period | 0.6160 | % | |||||||||||||||
| Prior Collection Period | 0.3602 | % | |||||||||||||||
| Current Collection Period | 0.6452 | % | |||||||||||||||
| Four Month Average (Current and Prior Three Collection Periods) | 0.5755 | % | |||||||||||||||
| Cumulative Loss: | |||||||||||||||||
| Cumulative Realized Loss (Charge-Offs) | 1,127 | $ | 6,400,113.26 | ||||||||||||||
| (Cumulative Recoveries) | $ | 314,393.26 | |||||||||||||||
| Cumulative Net Loss for All Collection Periods | $ | 6,085,720.00 | |||||||||||||||
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | 0.3044 | % | |||||||||||||||
| Average Realized Loss for Receivables that have experienced a Realized Loss | $ | 5,678.89 | |||||||||||||||
| Average Net Loss for Receivables that have experienced a Realized Loss | $ | 5,399.93 | |||||||||||||||
| % of EOP Pool Balance | # of Receivables | Amount | |||||||||||||||
| Delinquent Receivables: | |||||||||||||||||
| 31-60 Days Delinquent | 0.84 | % | 269 | $ | 10,879,316.17 | ||||||||||||
| 61-90 Days Delinquent | 0.20 | % | 60 | $ | 2,593,246.78 | ||||||||||||
| 91-120 Days Delinquent | 0.03 | % | 6 | $ | 363,263.96 | ||||||||||||
| Over 120 Days Delinquent | 0.03 | % | 8 | $ | 364,896.60 | ||||||||||||
| Total Delinquent Receivables | 1.10 | % | 343 | $ | 14,200,723.51 | ||||||||||||
| Repossession Inventory: | |||||||||||||||||
| Repossessed in the Current Collection Period | 20 | $ | 880,094.73 | ||||||||||||||
| Total Repossessed Inventory | 31 | $ | 1,380,274.42 | ||||||||||||||
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | |||||||||||||||||
| Second Prior Collection Period | 0.1320 | % | |||||||||||||||
| Prior Collection Period | 0.1395 | % | |||||||||||||||
| Current Collection Period | 0.1788 | % | |||||||||||||||
| Three Month Average | 0.1501 | % | |||||||||||||||
| 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 | 0.2577 | % | |||||||||||||||
| Delinquency Trigger Occurred | No | ||||||||||||||||
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Ford Credit Auto Owner Trust 2024-B
Monthly Investor Report
| Collection Period | June 2025 | ||||
| Payment Date | 7/15/2025 | ||||
| Transaction Month | 13 | ||||
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount | ||||||||||||
| 1 Month Extended | 108 | $4,724,921.92 | ||||||||||||
| 2 Months Extended | 194 | $7,991,561.05 | ||||||||||||
| 3+ Months Extended | 32 | $1,317,184.43 | ||||||||||||
| Total Receivables Extended | 334 | $14,033,667.40 | ||||||||||||
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 7, 2025 | ||
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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Ford Credit Auto Owner Trust 2024-B published this content on July 21, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on July 21, 2025 at 13:45 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at support@pubt.io