Ford Credit Auto Owner Trust 2024-B
12/18/2025 | Press release | Distributed by Public on 12/18/2025 07:07
Asset-Backed Issuer Distribution Report (Form 10-D)
Ford Credit Auto Owner Trust 2024-B
Monthly Investor Report
| Collection Period | November 2025 | ||||
| Payment Date | 12/15/2025 | ||||
| Transaction Month | 18 | ||||
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 | 4.54202 | % | * | 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 | $ | 3,990,897.05 | |||
| Principal: | |||||
| Principal Collections | $ | 26,786,868.49 | |||
| Prepayments in Full | $ | 13,912,090.65 | |||
| Liquidation Proceeds | $ | 766,426.93 | |||
| Recoveries | $ | 136,833.45 | |||
| Sub Total | $ | 41,602,219.52 | |||
| Collections | $ | 45,593,116.57 | |||
| Purchase Amounts: | |||||
| Purchase Amounts Related to Principal | $ | 84,631.36 | |||
| Purchase Amounts Related to Interest | $ | 343.76 | |||
| Sub Total | $ | 84,975.12 | |||
| Clean-up Call | $ | 0.00 | |||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Available Funds - Total | $ | 45,678,091.69 | |||
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Ford Credit Auto Owner Trust 2024-B
Monthly Investor Report
| Collection Period | November 2025 | ||||
| Payment Date | 12/15/2025 | ||||
| Transaction Month | 18 | ||||
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 | $ | 45,678,091.69 | |||||||||||||||||||
| Servicing Fee | $ | 909,401.72 | $ | 909,401.72 | $ | 0.00 | $ | 0.00 | $ | 44,768,689.97 | |||||||||||||||||||
| Interest - Class A-1 Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 44,768,689.97 | |||||||||||||||||||
| Interest - Class A-2a Notes | $ | 301,653.13 | $ | 301,653.13 | $ | 0.00 | $ | 0.00 | $ | 44,467,036.84 | |||||||||||||||||||
| Interest - Class A-2b Notes | $ | 241,680.14 | $ | 241,680.14 | $ | 0.00 | $ | 0.00 | $ | 44,225,356.70 | |||||||||||||||||||
| Interest - Class A-3 Notes | $ | 2,776,525.00 | $ | 2,776,525.00 | $ | 0.00 | $ | 0.00 | $ | 41,448,831.70 | |||||||||||||||||||
| Interest - Class A-4 Notes | $ | 385,846.67 | $ | 385,846.67 | $ | 0.00 | $ | 0.00 | $ | 41,062,985.03 | |||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 41,062,985.03 | |||||||||||||||||||
| Interest - Class B Notes | $ | 240,841.50 | $ | 240,841.50 | $ | 0.00 | $ | 0.00 | $ | 40,822,143.53 | |||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 40,822,143.53 | |||||||||||||||||||
| Interest - Class C Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 40,822,143.53 | |||||||||||||||||||
| Reserve Account Deposit | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 40,822,143.53 | |||||||||||||||||||
| Regular Principal Payment | $ | 38,466,881.85 | $ | 38,466,881.85 | $ | 0.00 | $ | 0.00 | $ | 2,355,261.68 | |||||||||||||||||||
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 2,355,261.68 | |||||||||||||||||||
| Residual Released to Depositor | $ | 0.00 | $ | 2,355,261.68 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||
| Total | $ | 45,678,091.69 | |||||||||||||||||||||||||||
| Principal Payment: | |||||||||||||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Regular Principal Payment | $ | 38,466,881.85 | |||||||||||||||||||||||||||
| Total | $ | 38,466,881.85 | |||||||||||||||||||||||||||
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 | $ | 19,037,676.96 | $ | 58.88 | $ | 301,653.13 | $ | 0.93 | $ | 19,339,330.09 | $ | 59.81 | |||||||||||||||||||||||
| Class A-2b Notes | $ | 19,429,204.89 | $ | 58.88 | $ | 241,680.14 | $ | 0.73 | $ | 19,670,885.03 | $ | 59.61 | |||||||||||||||||||||||
| 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 | $ | 38,466,881.85 | $ | 20.88 | $ | 3,946,546.44 | $ | 2.14 | $ | 42,413,428.29 | $ | 23.02 | |||||||||||||||||||||||
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Ford Credit Auto Owner Trust 2024-B
Monthly Investor Report
| Collection Period | November 2025 | ||||
| Payment Date | 12/15/2025 | ||||
| Transaction Month | 18 | ||||
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 | $ | 67,034,029.08 | 0.2073111 | $ | 47,996,352.12 | 0.1484347 | |||||||||||||||||
| Class A-2b Notes | $ | 68,412,647.60 | 0.2073111 | $ | 48,983,442.71 | 0.1484347 | |||||||||||||||||
| 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 | $ | 974,186,676.68 | 0.5288486 | $ | 935,719,794.83 | 0.5079664 | |||||||||||||||||
| Pool Information | |||||||||||
| Weighted Average APR | 4.757 | % | 4.765 | % | |||||||
| Weighted Average Remaining Term | 43.87 | 43.11 | |||||||||
| Number of Receivables Outstanding | 37,630 | 36,775 | |||||||||
| Pool Balance | $ | 1,091,282,063.64 | $ | 1,049,218,534.60 | |||||||
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 1,011,028,652.95 | $ | 972,561,771.10 | |||||||
| Pool Factor | 0.5457833 | 0.5247461 | |||||||||
VI. OVERCOLLATERALIZATION INFORMATION
| Specified Reserve Balance | $ | 4,605,247.03 | |||
| Yield Supplement Overcollateralization Amount | $ | 76,656,763.50 | |||
| Targeted Overcollateralization Amount | $ | 113,498,739.77 | |||
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 113,498,739.77 | |||
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 | November 2025 | ||||
| Payment Date | 12/15/2025 | ||||
| Transaction Month | 18 | ||||
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| # of Receivables | Amount | ||||||||||||||||
| Current Collection Period Loss: | |||||||||||||||||
| Realized Loss (Charge-Offs) | 79 | $ | 513,511.61 | ||||||||||||||
| (Recoveries) | 54 | $ | 136,833.45 | ||||||||||||||
| Net Loss for Current Collection Period | $ | 376,678.16 | |||||||||||||||
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | 0.4142 | % | |||||||||||||||
| Prior and Current Collection Periods Average Loss: | |||||||||||||||||
| Ratio of Net Loss to the Average Pool Balance (annualized) | |||||||||||||||||
| Third Prior Collection Period | 0.7495 | % | |||||||||||||||
| Second Prior Collection Period | 0.5829 | % | |||||||||||||||
| Prior Collection Period | 0.8113 | % | |||||||||||||||
| Current Collection Period | 0.4223 | % | |||||||||||||||
| Four Month Average (Current and Prior Three Collection Periods) | 0.6415 | % | |||||||||||||||
| Cumulative Loss: | |||||||||||||||||
| Cumulative Realized Loss (Charge-Offs) | 1,611 | $ | 9,889,958.00 | ||||||||||||||
| (Cumulative Recoveries) | $ | 1,108,711.34 | |||||||||||||||
| Cumulative Net Loss for All Collection Periods | $ | 8,781,246.66 | |||||||||||||||
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | 0.4392 | % | |||||||||||||||
| Average Realized Loss for Receivables that have experienced a Realized Loss | $ | 6,139.02 | |||||||||||||||
| Average Net Loss for Receivables that have experienced a Realized Loss | $ | 5,450.80 | |||||||||||||||
| % of EOP Pool Balance | # of Receivables | Amount | |||||||||||||||
| Delinquent Receivables: | |||||||||||||||||
| 31-60 Days Delinquent | 1.07 | % | 300 | $ | 11,255,179.99 | ||||||||||||
| 61-90 Days Delinquent | 0.15 | % | 42 | $ | 1,594,009.19 | ||||||||||||
| 91-120 Days Delinquent | 0.04 | % | 10 | $ | 415,479.92 | ||||||||||||
| Over 120 Days Delinquent | 0.05 | % | 11 | $ | 507,344.93 | ||||||||||||
| Total Delinquent Receivables | 1.31 | % | 363 | $ | 13,772,014.03 | ||||||||||||
| Repossession Inventory: | |||||||||||||||||
| Repossessed in the Current Collection Period | 21 | $ | 730,875.18 | ||||||||||||||
| Total Repossessed Inventory | 36 | $ | 1,460,403.59 | ||||||||||||||
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | |||||||||||||||||
| Second Prior Collection Period | 0.1555 | % | |||||||||||||||
| Prior Collection Period | 0.1488 | % | |||||||||||||||
| Current Collection Period | 0.1713 | % | |||||||||||||||
| Three Month Average | 0.1586 | % | |||||||||||||||
| 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 | 0.2399 | % | |||||||||||||||
| Delinquency Trigger Occurred | No | ||||||||||||||||
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Ford Credit Auto Owner Trust 2024-B
Monthly Investor Report
| Collection Period | November 2025 | ||||
| Payment Date | 12/15/2025 | ||||
| Transaction Month | 18 | ||||
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount | ||||||||||||
| 1 Month Extended | 110 | $4,553,704.64 | ||||||||||||
| 2 Months Extended | 158 | $6,330,059.44 | ||||||||||||
| 3+ Months Extended | 26 | $1,147,713.47 | ||||||||||||
| Total Receivables Extended | 294 | $12,031,477.55 | ||||||||||||
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 December 18, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on December 18, 2025 at 13:07 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]