Ford Credit Auto Owner Trust 2024-D
07/21/2025 | Press release | Distributed by Public on 07/21/2025 07:54
Asset-Backed Issuer Distribution Report (Form 10-D)
Ford Credit Auto Owner Trust 2024-D
Monthly Investor Report
| Collection Period | June 2025 | ||||
| Payment Date | 7/15/2025 | ||||
| Transaction Month | 8 | ||||
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 | $ | 1,683,369,242.22 | 41,794 | 57.2 months | |||||||||||||
| Dollar Amount | Note Interest Rate | Final Scheduled Payment Date | |||||||||||||||
| Original Securities | |||||||||||||||||
| Class A-1 Notes | $ | 330,000,000.00 | 4.604 | % | December 15, 2025 | ||||||||||||
| Class A-2a Notes | $ | 407,800,000.00 | 4.59 | % | October 15, 2027 | ||||||||||||
| Class A-2b Notes | $ | 125,000,000.00 | 4.62385 | % | * | October 15, 2027 | |||||||||||
| Class A-3 Notes | $ | 532,800,000.00 | 4.61 | % | August 15, 2029 | ||||||||||||
| Class A-4 Notes | $ | 104,400,000.00 | 4.66 | % | September 15, 2030 | ||||||||||||
| Class B Notes | $ | 47,370,000.00 | 4.88 | % | September 15, 2030 | ||||||||||||
| Class C Notes | $ | 31,570,000.00 | 0.00 | % | May 15, 2032 | ||||||||||||
| Total | $ | 1,578,940,000.00 | |||||||||||||||
| * 30-day average SOFR + 0.32% | |||||||||||||||||
II. AVAILABLE FUNDS
| Interest: | |||||
| Interest Collections | $ | 5,455,739.64 | |||
| Principal: | |||||
| Principal Collections | $ | 29,630,649.31 | |||
| Prepayments in Full | $ | 14,204,864.88 | |||
| Liquidation Proceeds | $ | 478,008.80 | |||
| Recoveries | $ | 9,884.36 | |||
| Sub Total | $ | 44,323,407.35 | |||
| Collections | $ | 49,779,146.99 | |||
| Purchase Amounts: | |||||
| Purchase Amounts Related to Principal | $ | 2,552.43 | |||
| Purchase Amounts Related to Interest | $ | 8.77 | |||
| Sub Total | $ | 2,561.20 | |||
| Clean-up Call | $ | 0.00 | |||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Available Funds - Total | $49,781,708.19 | ||||
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Ford Credit Auto Owner Trust 2024-D
Monthly Investor Report
| Collection Period | June 2025 | ||||
| Payment Date | 7/15/2025 | ||||
| Transaction Month | 8 | ||||
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 | $ | 49,781,708.19 | |||||||||||||||||||
| Servicing Fee | $ | 1,127,159.69 | $ | 1,127,159.69 | $ | 0.00 | $ | 0.00 | $ | 48,654,548.50 | |||||||||||||||||||
| Interest - Class A-1 Notes | $ | 15,329.99 | $ | 15,329.99 | $ | 0.00 | $ | 0.00 | $ | 48,639,218.51 | |||||||||||||||||||
| Interest - Class A-2a Notes | $ | 1,559,835.00 | $ | 1,559,835.00 | $ | 0.00 | $ | 0.00 | $ | 47,079,383.51 | |||||||||||||||||||
| Interest - Class A-2b Notes | $ | 465,596.01 | $ | 465,596.01 | $ | 0.00 | $ | 0.00 | $ | 46,613,787.50 | |||||||||||||||||||
| Interest - Class A-3 Notes | $ | 2,046,840.00 | $ | 2,046,840.00 | $ | 0.00 | $ | 0.00 | $ | 44,566,947.50 | |||||||||||||||||||
| Interest - Class A-4 Notes | $ | 405,420.00 | $ | 405,420.00 | $ | 0.00 | $ | 0.00 | $ | 44,161,527.50 | |||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 44,161,527.50 | |||||||||||||||||||
| Interest - Class B Notes | $ | 192,638.00 | $ | 192,638.00 | $ | 0.00 | $ | 0.00 | $ | 43,968,889.50 | |||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 43,968,889.50 | |||||||||||||||||||
| Interest - Class C Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 43,968,889.50 | |||||||||||||||||||
| Reserve Account Deposit | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 43,968,889.50 | |||||||||||||||||||
| Regular Principal Payment | $ | 54,382,997.68 | $ | 43,968,889.50 | $ | 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 | $ | 49,781,708.19 | |||||||||||||||||||||||||||
| Principal Payment: | |||||||||||||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Regular Principal Payment | $ | 43,968,889.50 | |||||||||||||||||||||||||||
| Total | $ | 43,968,889.50 | |||||||||||||||||||||||||||
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 | $ | 4,133,434.53 | $ | 12.53 | $ | 15,329.99 | $ | 0.05 | $ | 4,148,764.52 | $ | 12.58 | |||||||||||||||||||||||
| Class A-2a Notes | $ | 30,489,674.43 | $ | 74.77 | $ | 1,559,835.00 | $ | 3.83 | $ | 32,049,509.43 | $ | 78.60 | |||||||||||||||||||||||
| Class A-2b Notes | $ | 9,345,780.54 | $ | 74.77 | $ | 465,596.01 | $ | 3.72 | $ | 9,811,376.55 | $ | 78.49 | |||||||||||||||||||||||
| Class A-3 Notes | $ | 0.00 | $ | 0.00 | $ | 2,046,840.00 | $ | 3.84 | $ | 2,046,840.00 | $ | 3.84 | |||||||||||||||||||||||
| Class A-4 Notes | $ | 0.00 | $ | 0.00 | $ | 405,420.00 | $ | 3.88 | $ | 405,420.00 | $ | 3.88 | |||||||||||||||||||||||
| Class B Notes | $ | 0.00 | $ | 0.00 | $ | 192,638.00 | $ | 4.07 | $ | 192,638.00 | $ | 4.07 | |||||||||||||||||||||||
| Class C Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||||||
| Total | $ | 43,968,889.50 | $ | 27.85 | $ | 4,685,659.00 | $ | 2.97 | $ | 48,654,548.50 | $ | 30.82 | |||||||||||||||||||||||
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Ford Credit Auto Owner Trust 2024-D
Monthly Investor Report
| Collection Period | June 2025 | ||||
| Payment Date | 7/15/2025 | ||||
| Transaction Month | 8 | ||||
V. NOTE BALANCE AND POOL INFORMATION
| Beginning of Period | End of Period | ||||||||||||||||||||||
| Balance | Note Factor | Balance | Note Factor | ||||||||||||||||||||
| Class A-1 Notes | $ | 4,133,434.53 | 0.0125256 | $ | 0.00 | 0.0000000 | |||||||||||||||||
| Class A-2a Notes | $ | 407,800,000.00 | 1.0000000 | $ | 377,310,325.57 | 0.9252338 | |||||||||||||||||
| Class A-2b Notes | $ | 125,000,000.00 | 1.0000000 | $ | 115,654,219.46 | 0.9252338 | |||||||||||||||||
| Class A-3 Notes | $ | 532,800,000.00 | 1.0000000 | $ | 532,800,000.00 | 1.0000000 | |||||||||||||||||
| Class A-4 Notes | $ | 104,400,000.00 | 1.0000000 | $ | 104,400,000.00 | 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 | $ | 1,253,073,434.53 | 0.7936169 | $ | 1,209,104,545.03 | 0.7657698 | |||||||||||||||||
| Pool Information | |||||||||||
| Weighted Average APR | 4.825 | % | 4.833 | % | |||||||
| Weighted Average Remaining Term | 51.56 | 50.75 | |||||||||
| Number of Receivables Outstanding | 37,357 | 36,751 | |||||||||
| Pool Balance | $ | 1,352,591,625.57 | $ | 1,307,740,700.74 | |||||||
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 1,271,995,780.70 | $ | 1,230,269,385.41 | |||||||
| Pool Factor | 0.8035026 | 0.7768591 | |||||||||
VI. OVERCOLLATERALIZATION INFORMATION
| Specified Reserve Balance | $ | 3,947,368.57 | |||
| Yield Supplement Overcollateralization Amount | $ | 77,471,315.33 | |||
| Targeted Overcollateralization Amount | $ | 109,050,263.89 | |||
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 98,636,155.71 | |||
VII. RECONCILIATION OF RESERVE ACCOUNT
| Beginning Reserve Account Balance | $ | 3,947,368.57 | |||
| Reserve Account Deposits Made | $ | 0.00 | |||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Ending Reserve Account Balance | $ | 3,947,368.57 | |||
| Change in Reserve Account Balance | $ | 0.00 | |||
| Specified Reserve Balance | $ | 3,947,368.57 | |||
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Ford Credit Auto Owner Trust 2024-D
Monthly Investor Report
| Collection Period | June 2025 | ||||
| Payment Date | 7/15/2025 | ||||
| Transaction Month | 8 | ||||
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| # of Receivables | Amount | ||||||||||||||||
| Current Collection Period Loss: | |||||||||||||||||
| Realized Loss (Charge-Offs) | 69 | $ | 534,849.41 | ||||||||||||||
| (Recoveries) | 8 | $ | 9,884.36 | ||||||||||||||
| Net Loss for Current Collection Period | $ | 524,965.05 | |||||||||||||||
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | 0.4657 | % | |||||||||||||||
| Prior and Current Collection Periods Average Loss: | |||||||||||||||||
| Ratio of Net Loss to the Average Pool Balance (annualized) | |||||||||||||||||
| Third Prior Collection Period | 0.3973 | % | |||||||||||||||
| Second Prior Collection Period | 0.2579 | % | |||||||||||||||
| Prior Collection Period | 0.4165 | % | |||||||||||||||
| Current Collection Period | 0.4736 | % | |||||||||||||||
| Four Month Average (Current and Prior Three Collection Periods) | 0.3863 | % | |||||||||||||||
| Cumulative Loss: | |||||||||||||||||
| Cumulative Realized Loss (Charge-Offs) | 474 | $ | 2,470,738.66 | ||||||||||||||
| (Cumulative Recoveries) | $ | 48,373.91 | |||||||||||||||
| Cumulative Net Loss for All Collection Periods | $ | 2,422,364.75 | |||||||||||||||
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | 0.1439 | % | |||||||||||||||
| Average Realized Loss for Receivables that have experienced a Realized Loss | $ | 5,212.53 | |||||||||||||||
| Average Net Loss for Receivables that have experienced a Realized Loss | $ | 5,110.47 | |||||||||||||||
| % of EOP Pool Balance | # of Receivables | Amount | |||||||||||||||
| Delinquent Receivables: | |||||||||||||||||
| 31-60 Days Delinquent | 0.61 | % | 183 | $ | 8,008,559.03 | ||||||||||||
| 61-90 Days Delinquent | 0.12 | % | 32 | $ | 1,601,110.06 | ||||||||||||
| 91-120 Days Delinquent | 0.05 | % | 12 | $ | 713,219.42 | ||||||||||||
| Over 120 Days Delinquent | 0.02 | % | 7 | $ | 275,120.89 | ||||||||||||
| Total Delinquent Receivables | 0.81 | % | 234 | $ | 10,598,009.40 | ||||||||||||
| Repossession Inventory: | |||||||||||||||||
| Repossessed in the Current Collection Period | 21 | $ | 1,158,468.55 | ||||||||||||||
| Total Repossessed Inventory | 37 | $ | 2,047,243.78 | ||||||||||||||
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | |||||||||||||||||
| Second Prior Collection Period | 0.1262 | % | |||||||||||||||
| Prior Collection Period | 0.1098 | % | |||||||||||||||
| Current Collection Period | 0.1388 | % | |||||||||||||||
| Three Month Average | 0.1249 | % | |||||||||||||||
| 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 | 0.1980 | % | |||||||||||||||
| Delinquency Trigger Occurred | No | ||||||||||||||||
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Ford Credit Auto Owner Trust 2024-D
Monthly Investor Report
| Collection Period | June 2025 | ||||
| Payment Date | 7/15/2025 | ||||
| Transaction Month | 8 | ||||
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount | ||||||||||||
| 1 Month Extended | 108 | $5,039,256.12 | ||||||||||||
| 2 Months Extended | 137 | $6,562,194.38 | ||||||||||||
| 3+ Months Extended | 17 | $843,472.63 | ||||||||||||
| Total Receivables Extended | 262 | $12,444,923.13 | ||||||||||||
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 | ||||
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-D 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 13:54 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