Ford Credit Auto Owner Trust 2024-C
04/17/2026 | Press release | Distributed by Public on 04/17/2026 07:20
Asset-Backed Issuer Distribution Report (Form 10-D)
Ford Credit Auto Owner Trust 2024-C
Monthly Investor Report
| Collection Period | March 2026 | ||||
| Payment Date | 4/15/2026 | ||||
| Transaction Month | 19 | ||||
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 | $ | 1,688,795,240.91 | 42,975 | 57.2 months | |||||||||||||
| Dollar Amount | Note Interest Rate | Final Scheduled Payment Date | |||||||||||||||
| Original Securities | |||||||||||||||||
| Class A-1 Notes | $ | 330,000,000.00 | 4.922 | % | October 15, 2025 | ||||||||||||
| Class A-2a Notes | $ | 300,000,000.00 | 4.32 | % | August 15, 2027 | ||||||||||||
| Class A-2b Notes | $ | 245,000,000.00 | 4.07223 | % | * | August 15, 2027 | |||||||||||
| Class A-3 Notes | $ | 545,000,000.00 | 4.07 | % | July 15, 2029 | ||||||||||||
| Class A-4 Notes | $ | 80,000,000.00 | 4.11 | % | July 15, 2030 | ||||||||||||
| Class B Notes | $ | 47,370,000.00 | 4.40 | % | August 15, 2030 | ||||||||||||
| Class C Notes | $ | 31,570,000.00 | 0.00 | % | March 15, 2032 | ||||||||||||
| Total | $ | 1,578,940,000.00 | |||||||||||||||
| * 30-day average SOFR + 0.40% | |||||||||||||||||
II. AVAILABLE FUNDS
| Interest: | |||||
| Interest Collections | $ | 3,690,176.08 | |||
| Principal: | |||||
| Principal Collections | $ | 26,600,753.68 | |||
| Prepayments in Full | $ | 13,017,883.18 | |||
| Liquidation Proceeds | $ | 436,765.66 | |||
| Recoveries | $ | 55,755.78 | |||
| Sub Total | $ | 40,111,158.30 | |||
| Collections | $ | 43,801,334.38 | |||
| Purchase Amounts: | |||||
| Purchase Amounts Related to Principal | $ | 149,920.30 | |||
| Purchase Amounts Related to Interest | $ | 599.52 | |||
| Sub Total | $ | 150,519.82 | |||
| Clean-up Call | $ | 0.00 | |||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Available Funds - Total | $ | 43,951,854.20 | |||
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Ford Credit Auto Owner Trust 2024-C
Monthly Investor Report
| Collection Period | March 2026 | ||||
| Payment Date | 4/15/2026 | ||||
| Transaction Month | 19 | ||||
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 | $ | 43,951,854.20 | |||||||||||||||||||
| Servicing Fee | $ | 751,034.11 | $ | 751,034.11 | $ | 0.00 | $ | 0.00 | $ | 43,200,820.09 | |||||||||||||||||||
| Interest - Class A-1 Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 43,200,820.09 | |||||||||||||||||||
| Interest - Class A-2a Notes | $ | 223,110.23 | $ | 223,110.23 | $ | 0.00 | $ | 0.00 | $ | 42,977,709.86 | |||||||||||||||||||
| Interest - Class A-2b Notes | $ | 171,756.38 | $ | 171,756.38 | $ | 0.00 | $ | 0.00 | $ | 42,805,953.48 | |||||||||||||||||||
| Interest - Class A-3 Notes | $ | 1,848,458.33 | $ | 1,848,458.33 | $ | 0.00 | $ | 0.00 | $ | 40,957,495.15 | |||||||||||||||||||
| Interest - Class A-4 Notes | $ | 274,000.00 | $ | 274,000.00 | $ | 0.00 | $ | 0.00 | $ | 40,683,495.15 | |||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 40,683,495.15 | |||||||||||||||||||
| Interest - Class B Notes | $ | 173,690.00 | $ | 173,690.00 | $ | 0.00 | $ | 0.00 | $ | 40,509,805.15 | |||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 40,509,805.15 | |||||||||||||||||||
| Interest - Class C Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 40,509,805.15 | |||||||||||||||||||
| Reserve Account Deposit | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 40,509,805.15 | |||||||||||||||||||
| Regular Principal Payment | $ | 38,404,030.98 | $ | 38,404,030.98 | $ | 0.00 | $ | 0.00 | $ | 2,105,774.17 | |||||||||||||||||||
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 2,105,774.17 | |||||||||||||||||||
| Residual Released to Depositor | $ | 0.00 | $ | 2,105,774.17 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||
| Total | $ | 43,951,854.20 | |||||||||||||||||||||||||||
| Principal Payment: | |||||||||||||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Regular Principal Payment | $ | 38,404,030.98 | |||||||||||||||||||||||||||
| Total | $ | 38,404,030.98 | |||||||||||||||||||||||||||
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 | $ | 21,139,833.57 | $ | 70.47 | $ | 223,110.23 | $ | 0.74 | $ | 21,362,943.80 | $ | 71.21 | |||||||||||||||||||||||
| Class A-2b Notes | $ | 17,264,197.41 | $ | 70.47 | $ | 171,756.38 | $ | 0.70 | $ | 17,435,953.79 | $ | 71.17 | |||||||||||||||||||||||
| Class A-3 Notes | $ | 0.00 | $ | 0.00 | $ | 1,848,458.33 | $ | 3.39 | $ | 1,848,458.33 | $ | 3.39 | |||||||||||||||||||||||
| Class A-4 Notes | $ | 0.00 | $ | 0.00 | $ | 274,000.00 | $ | 3.43 | $ | 274,000.00 | $ | 3.43 | |||||||||||||||||||||||
| Class B Notes | $ | 0.00 | $ | 0.00 | $ | 173,690.00 | $ | 3.67 | $ | 173,690.00 | $ | 3.67 | |||||||||||||||||||||||
| Class C Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||||||
| Total | $ | 38,404,030.98 | $ | 24.32 | $ | 2,691,014.94 | $ | 1.70 | $ | 41,095,045.92 | $ | 26.02 | |||||||||||||||||||||||
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Ford Credit Auto Owner Trust 2024-C
Monthly Investor Report
| Collection Period | March 2026 | ||||
| Payment Date | 4/15/2026 | ||||
| Transaction Month | 19 | ||||
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 | $ | 61,975,064.06 | 0.2065835 | $ | 40,835,230.49 | 0.1361174 | |||||||||||||||||
| Class A-2b Notes | $ | 50,612,968.99 | 0.2065835 | $ | 33,348,771.58 | 0.1361174 | |||||||||||||||||
| Class A-3 Notes | $ | 545,000,000.00 | 1.0000000 | $ | 545,000,000.00 | 1.0000000 | |||||||||||||||||
| Class A-4 Notes | $ | 80,000,000.00 | 1.0000000 | $ | 80,000,000.00 | 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 | $ | 816,528,033.05 | 0.5171368 | $ | 778,124,002.07 | 0.4928142 | |||||||||||||||||
| Pool Information | |||||||||||
| Weighted Average APR | 4.855 | % | 4.868 | % | |||||||
| Weighted Average Remaining Term | 43.02 | 42.29 | |||||||||
| Number of Receivables Outstanding | 30,683 | 29,884 | |||||||||
| Pool Balance | $ | 901,240,926.52 | $ | 860,386,523.86 | |||||||
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 848,106,990.35 | $ | 809,702,959.37 | |||||||
| Pool Factor | 0.5336591 | 0.5094676 | |||||||||
VI. OVERCOLLATERALIZATION INFORMATION
| Specified Reserve Balance | $ | 3,947,369.66 | |||
| Yield Supplement Overcollateralization Amount | $ | 50,683,564.49 | |||
| Targeted Overcollateralization Amount | $ | 82,262,521.79 | |||
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 82,262,521.79 | |||
VII. RECONCILIATION OF RESERVE ACCOUNT
| Beginning Reserve Account Balance | $ | 3,947,369.66 | |||
| Reserve Account Deposits Made | $ | 0.00 | |||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Ending Reserve Account Balance | $ | 3,947,369.66 | |||
| Change in Reserve Account Balance | $ | 0.00 | |||
| Specified Reserve Balance | $ | 3,947,369.66 | |||
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Ford Credit Auto Owner Trust 2024-C
Monthly Investor Report
| Collection Period | March 2026 | ||||
| Payment Date | 4/15/2026 | ||||
| Transaction Month | 19 | ||||
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| # of Receivables | Amount | ||||||||||||||||
| Current Collection Period Loss: | |||||||||||||||||
| Realized Loss (Charge-Offs) | 67 | $ | 649,079.84 | ||||||||||||||
| (Recoveries) | 45 | $ | 55,755.78 | ||||||||||||||
| Net Loss for Current Collection Period | $ | 593,324.06 | |||||||||||||||
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | 0.7900 | % | |||||||||||||||
| Prior and Current Collection Periods Average Loss: | |||||||||||||||||
| Ratio of Net Loss to the Average Pool Balance (annualized) | |||||||||||||||||
| Third Prior Collection Period | 0.9602 | % | |||||||||||||||
| Second Prior Collection Period | 0.9478 | % | |||||||||||||||
| Prior Collection Period | 0.0847 | % | |||||||||||||||
| Current Collection Period | 0.8083 | % | |||||||||||||||
| Four Month Average (Current and Prior Three Collection Periods) | 0.7002 | % | |||||||||||||||
| Cumulative Loss: | |||||||||||||||||
| Cumulative Realized Loss (Charge-Offs) | 1,314 | $ | 8,163,122.87 | ||||||||||||||
| (Cumulative Recoveries) | $ | 822,393.81 | |||||||||||||||
| Cumulative Net Loss for All Collection Periods | $ | 7,340,729.06 | |||||||||||||||
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | 0.4347 | % | |||||||||||||||
| Average Realized Loss for Receivables that have experienced a Realized Loss | $ | 6,212.42 | |||||||||||||||
| Average Net Loss for Receivables that have experienced a Realized Loss | $ | 5,586.55 | |||||||||||||||
| % of EOP Pool Balance | # of Receivables | Amount | |||||||||||||||
| Delinquent Receivables: | |||||||||||||||||
| 31-60 Days Delinquent | 1.17 | % | 256 | $ | 10,076,857.38 | ||||||||||||
| 61-90 Days Delinquent | 0.14 | % | 30 | $ | 1,220,526.42 | ||||||||||||
| 91-120 Days Delinquent | 0.03 | % | 6 | $ | 291,677.97 | ||||||||||||
| Over 120 Days Delinquent | 0.04 | % | 9 | $ | 317,883.83 | ||||||||||||
| Total Delinquent Receivables | 1.38 | % | 301 | $ | 11,906,945.60 | ||||||||||||
| Repossession Inventory: | |||||||||||||||||
| Repossessed in the Current Collection Period | 19 | $ | 663,260.93 | ||||||||||||||
| Total Repossessed Inventory | 35 | $ | 1,513,458.46 | ||||||||||||||
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | |||||||||||||||||
| Second Prior Collection Period | 0.1787 | % | |||||||||||||||
| Prior Collection Period | 0.1532 | % | |||||||||||||||
| Current Collection Period | 0.1506 | % | |||||||||||||||
| Three Month Average | 0.1608 | % | |||||||||||||||
| 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 | 0.2127 | % | |||||||||||||||
| Delinquency Trigger Occurred | No | ||||||||||||||||
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Ford Credit Auto Owner Trust 2024-C
Monthly Investor Report
| Collection Period | March 2026 | ||||
| Payment Date | 4/15/2026 | ||||
| Transaction Month | 19 | ||||
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount | ||||||||||||
| 1 Month Extended | 65 | $2,617,016.55 | ||||||||||||
| 2 Months Extended | 108 | $4,484,355.81 | ||||||||||||
| 3+ Months Extended | 34 | $1,270,436.28 | ||||||||||||
| Total Receivables Extended | 207 | $8,371,808.64 | ||||||||||||
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 6, 2026 | ||
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-C published this content on April 17, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 17, 2026 at 13:20 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]