Ford Credit Auto Owner Trust 2024-D
05/21/2025 | Press release | Distributed by Public on 05/21/2025 08:19
Asset-Backed Issuer Distribution Report (Form 10-D)
Ford Credit Auto Owner Trust 2024-D
Monthly Investor Report
| Collection Period | April 2025 | ||||
| Payment Date | 5/15/2025 | ||||
| Transaction Month | 6 | ||||
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 | 4.66471 | % | * | 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 | $ | 5,765,681.08 | |||
| Principal: | |||||
| Principal Collections | $ | 30,427,283.24 | |||
| Prepayments in Full | $ | 15,117,303.46 | |||
| Liquidation Proceeds | $ | 255,349.27 | |||
| Recoveries | $ | 3,946.92 | |||
| Sub Total | $ | 45,803,882.89 | |||
| Collections | $ | 51,569,563.97 | |||
| Purchase Amounts: | |||||
| Purchase Amounts Related to Principal | $ | 161,382.72 | |||
| Purchase Amounts Related to Interest | $ | 759.08 | |||
| Sub Total | $ | 162,141.80 | |||
| Clean-up Call | $ | 0.00 | |||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Available Funds - Total | $ | 51,731,705.77 | |||
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Ford Credit Auto Owner Trust 2024-D
Monthly Investor Report
| Collection Period | April 2025 | ||||
| Payment Date | 5/15/2025 | ||||
| Transaction Month | 6 | ||||
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 | $ | 51,731,705.77 | |||||||||||||||||||
| Servicing Fee | $ | 1,205,414.63 | $ | 1,205,414.63 | $ | 0.00 | $ | 0.00 | $ | 50,526,291.14 | |||||||||||||||||||
| Interest - Class A-1 Notes | $ | 369,040.20 | $ | 369,040.20 | $ | 0.00 | $ | 0.00 | $ | 50,157,250.94 | |||||||||||||||||||
| Interest - Class A-2a Notes | $ | 1,559,835.00 | $ | 1,559,835.00 | $ | 0.00 | $ | 0.00 | $ | 48,597,415.94 | |||||||||||||||||||
| Interest - Class A-2b Notes | $ | 485,907.29 | $ | 485,907.29 | $ | 0.00 | $ | 0.00 | $ | 48,111,508.65 | |||||||||||||||||||
| Interest - Class A-3 Notes | $ | 2,046,840.00 | $ | 2,046,840.00 | $ | 0.00 | $ | 0.00 | $ | 46,064,668.65 | |||||||||||||||||||
| Interest - Class A-4 Notes | $ | 405,420.00 | $ | 405,420.00 | $ | 0.00 | $ | 0.00 | $ | 45,659,248.65 | |||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 45,659,248.65 | |||||||||||||||||||
| Interest - Class B Notes | $ | 192,638.00 | $ | 192,638.00 | $ | 0.00 | $ | 0.00 | $ | 45,466,610.65 | |||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 45,466,610.65 | |||||||||||||||||||
| Interest - Class C Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 45,466,610.65 | |||||||||||||||||||
| Reserve Account Deposit | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 45,466,610.65 | |||||||||||||||||||
| Regular Principal Payment | $ | 96,187,713.73 | $ | 45,466,610.65 | $ | 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 | $ | 51,731,705.77 | |||||||||||||||||||||||||||
| Principal Payment: | |||||||||||||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Regular Principal Payment | $ | 45,466,610.65 | |||||||||||||||||||||||||||
| Total | $ | 45,466,610.65 | |||||||||||||||||||||||||||
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 | $ | 45,466,610.65 | $ | 137.78 | $ | 369,040.20 | $ | 1.12 | $ | 45,835,650.85 | $ | 138.90 | |||||||||||||||||||||||
| Class A-2a Notes | $ | 0.00 | $ | 0.00 | $ | 1,559,835.00 | $ | 3.83 | $ | 1,559,835.00 | $ | 3.83 | |||||||||||||||||||||||
| Class A-2b Notes | $ | 0.00 | $ | 0.00 | $ | 485,907.29 | $ | 3.89 | $ | 485,907.29 | $ | 3.89 | |||||||||||||||||||||||
| 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 | $ | 45,466,610.65 | $ | 28.80 | $ | 5,059,680.49 | $ | 3.20 | $ | 50,526,291.14 | $ | 32.00 | |||||||||||||||||||||||
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Ford Credit Auto Owner Trust 2024-D
Monthly Investor Report
| Collection Period | April 2025 | ||||
| Payment Date | 5/15/2025 | ||||
| Transaction Month | 6 | ||||
V. NOTE BALANCE AND POOL INFORMATION
| Beginning of Period | End of Period | ||||||||||||||||||||||
| Balance | Note Factor | Balance | Note Factor | ||||||||||||||||||||
| Class A-1 Notes | $ | 96,187,713.73 | 0.2914779 | $ | 50,721,103.08 | 0.1537003 | |||||||||||||||||
| Class A-2a Notes | $ | 407,800,000.00 | 1.0000000 | $ | 407,800,000.00 | 1.0000000 | |||||||||||||||||
| Class A-2b Notes | $ | 125,000,000.00 | 1.0000000 | $ | 125,000,000.00 | 1.0000000 | |||||||||||||||||
| 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 | $ | 1,345,127,713.73 | 0.8519182 | $ | 1,299,661,103.08 | 0.8231225 | |||||||||||||||||
| Pool Information | |||||||||||
| Weighted Average APR | 4.814 | % | 4.818 | % | |||||||
| Weighted Average Remaining Term | 53.17 | 52.36 | |||||||||
| Number of Receivables Outstanding | 38,726 | 38,046 | |||||||||
| Pool Balance | $ | 1,446,497,552.20 | $ | 1,400,226,394.55 | |||||||
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 1,359,442,106.96 | $ | 1,316,435,771.09 | |||||||
| Pool Factor | 0.8592871 | 0.8317999 | |||||||||
VI. OVERCOLLATERALIZATION INFORMATION
| Specified Reserve Balance | $ | 3,947,368.57 | |||
| Yield Supplement Overcollateralization Amount | $ | 83,790,623.46 | |||
| Targeted Overcollateralization Amount | $ | 115,369,572.02 | |||
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 100,565,291.47 | |||
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 | April 2025 | ||||
| Payment Date | 5/15/2025 | ||||
| Transaction Month | 6 | ||||
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| # of Receivables | Amount | ||||||||||||||||
| Current Collection Period Loss: | |||||||||||||||||
| Realized Loss (Charge-Offs) | 54 | $ | 309,838.96 | ||||||||||||||
| (Recoveries) | 2 | $ | 3,946.92 | ||||||||||||||
| Net Loss for Current Collection Period | $ | 305,892.04 | |||||||||||||||
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | 0.2538 | % | |||||||||||||||
| Prior and Current Collection Periods Average Loss: | |||||||||||||||||
| Ratio of Net Loss to the Average Pool Balance (annualized) | |||||||||||||||||
| Third Prior Collection Period | 0.1267 | % | |||||||||||||||
| Second Prior Collection Period | 0.3461 | % | |||||||||||||||
| Prior Collection Period | 0.3973 | % | |||||||||||||||
| Current Collection Period | 0.2579 | % | |||||||||||||||
| Four Month Average (Current and Prior Three Collection Periods) | 0.2820 | % | |||||||||||||||
| Cumulative Loss: | |||||||||||||||||
| Cumulative Realized Loss (Charge-Offs) | 336 | $ | 1,434,436.76 | ||||||||||||||
| (Cumulative Recoveries) | $ | 14,788.99 | |||||||||||||||
| Cumulative Net Loss for All Collection Periods | $ | 1,419,647.77 | |||||||||||||||
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | 0.0843 | % | |||||||||||||||
| Average Realized Loss for Receivables that have experienced a Realized Loss | $ | 4,269.16 | |||||||||||||||
| Average Net Loss for Receivables that have experienced a Realized Loss | $ | 4,225.14 | |||||||||||||||
| % of EOP Pool Balance | # of Receivables | Amount | |||||||||||||||
| Delinquent Receivables: | |||||||||||||||||
| 31-60 Days Delinquent | 0.51 | % | 160 | $ | 7,204,863.77 | ||||||||||||
| 61-90 Days Delinquent | 0.12 | % | 37 | $ | 1,683,824.12 | ||||||||||||
| 91-120 Days Delinquent | 0.02 | % | 6 | $ | 302,298.99 | ||||||||||||
| Over 120 Days Delinquent | 0.01 | % | 5 | $ | 208,887.58 | ||||||||||||
| Total Delinquent Receivables | 0.67 | % | 208 | $ | 9,399,874.46 | ||||||||||||
| Repossession Inventory: | |||||||||||||||||
| Repossessed in the Current Collection Period | 21 | $ | 1,030,259.54 | ||||||||||||||
| Total Repossessed Inventory | 35 | $ | 1,663,073.54 | ||||||||||||||
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | |||||||||||||||||
| Second Prior Collection Period | 0.0812 | % | |||||||||||||||
| Prior Collection Period | 0.1059 | % | |||||||||||||||
| Current Collection Period | 0.1262 | % | |||||||||||||||
| Three Month Average | 0.1044 | % | |||||||||||||||
| 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 | 0.1568 | % | |||||||||||||||
| Delinquency Trigger Occurred | No | ||||||||||||||||
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Ford Credit Auto Owner Trust 2024-D
Monthly Investor Report
| Collection Period | April 2025 | ||||
| Payment Date | 5/15/2025 | ||||
| Transaction Month | 6 | ||||
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount | ||||||||||||
| 1 Month Extended | 108 | $4,786,620.28 | ||||||||||||
| 2 Months Extended | 104 | $4,688,535.72 | ||||||||||||
| 3+ Months Extended | 21 | $1,065,088.45 | ||||||||||||
| Total Receivables Extended | 233 | $10,540,244.45 | ||||||||||||
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 May 21, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on May 21, 2025 at 14:19 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]