Ford Credit Auto Owner Trust 2024-C
03/19/2026 | Press release | Distributed by Public on 03/19/2026 08:45
Asset-Backed Issuer Distribution Report (Form 10-D)
Ford Credit Auto Owner Trust 2024-C
Monthly Investor Report
| Collection Period | February 2026 | ||||
| Payment Date | 3/16/2026 | ||||
| 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 | $ | 1,688,795,240.91 | 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 | 4.05819 | % | * | 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 | $ | 3,560,789.55 | |||
| Principal: | |||||
| Principal Collections | $ | 23,204,394.73 | |||
| Prepayments in Full | $ | 11,438,780.36 | |||
| Liquidation Proceeds | $ | 204,146.99 | |||
| Recoveries | $ | 210,031.74 | |||
| Sub Total | $ | 35,057,353.82 | |||
| Collections | $ | 38,618,143.37 | |||
| Purchase Amounts: | |||||
| Purchase Amounts Related to Principal | $ | 182,545.63 | |||
| Purchase Amounts Related to Interest | $ | 1,220.19 | |||
| Sub Total | $ | 183,765.82 | |||
| Clean-up Call | $ | 0.00 | |||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Available Funds - Total | $ | 38,801,909.19 | |||
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Ford Credit Auto Owner Trust 2024-C
Monthly Investor Report
| Collection Period | February 2026 | ||||
| Payment Date | 3/16/2026 | ||||
| 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 | $ | 38,801,909.19 | |||||||||||||||||||
| Servicing Fee | $ | 780,454.72 | $ | 780,454.72 | $ | 0.00 | $ | 0.00 | $ | 38,021,454.47 | |||||||||||||||||||
| Interest - Class A-1 Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 38,021,454.47 | |||||||||||||||||||
| Interest - Class A-2a Notes | $ | 288,070.57 | $ | 288,070.57 | $ | 0.00 | $ | 0.00 | $ | 37,733,383.90 | |||||||||||||||||||
| Interest - Class A-2b Notes | $ | 198,900.03 | $ | 198,900.03 | $ | 0.00 | $ | 0.00 | $ | 37,534,483.87 | |||||||||||||||||||
| Interest - Class A-3 Notes | $ | 1,848,458.33 | $ | 1,848,458.33 | $ | 0.00 | $ | 0.00 | $ | 35,686,025.54 | |||||||||||||||||||
| Interest - Class A-4 Notes | $ | 274,000.00 | $ | 274,000.00 | $ | 0.00 | $ | 0.00 | $ | 35,412,025.54 | |||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 35,412,025.54 | |||||||||||||||||||
| Interest - Class B Notes | $ | 173,690.00 | $ | 173,690.00 | $ | 0.00 | $ | 0.00 | $ | 35,238,335.54 | |||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 35,238,335.54 | |||||||||||||||||||
| Interest - Class C Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 35,238,335.54 | |||||||||||||||||||
| Reserve Account Deposit | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 35,238,335.54 | |||||||||||||||||||
| Regular Principal Payment | $ | 32,780,910.27 | $ | 32,780,910.27 | $ | 0.00 | $ | 0.00 | $ | 2,457,425.27 | |||||||||||||||||||
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 2,457,425.27 | |||||||||||||||||||
| Residual Released to Depositor | $ | 0.00 | $ | 2,457,425.27 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||
| Total | $ | 38,801,909.19 | |||||||||||||||||||||||||||
| Principal Payment: | |||||||||||||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Regular Principal Payment | $ | 32,780,910.27 | |||||||||||||||||||||||||||
| Total | $ | 32,780,910.27 | |||||||||||||||||||||||||||
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 | $ | 18,044,537.76 | $ | 60.15 | $ | 288,070.57 | $ | 0.96 | $ | 18,332,608.33 | $ | 61.11 | |||||||||||||||||||||||
| Class A-2b Notes | $ | 14,736,372.51 | $ | 60.15 | $ | 198,900.03 | $ | 0.81 | $ | 14,935,272.54 | $ | 60.96 | |||||||||||||||||||||||
| 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 | $ | 32,780,910.27 | $ | 20.76 | $ | 2,783,118.93 | $ | 1.76 | $ | 35,564,029.20 | $ | 22.52 | |||||||||||||||||||||||
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Ford Credit Auto Owner Trust 2024-C
Monthly Investor Report
| Collection Period | February 2026 | ||||
| Payment Date | 3/16/2026 | ||||
| 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 | $ | 80,019,601.82 | 0.2667320 | $ | 61,975,064.06 | 0.2065835 | |||||||||||||||||
| Class A-2b Notes | $ | 65,349,341.50 | 0.2667320 | $ | 50,612,968.99 | 0.2065835 | |||||||||||||||||
| 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 | $ | 849,308,943.32 | 0.5378982 | $ | 816,528,033.05 | 0.5171368 | |||||||||||||||||
| Pool Information | |||||||||||
| Weighted Average APR | 4.848 | % | 4.855 | % | |||||||
| Weighted Average Remaining Term | 43.80 | 43.02 | |||||||||
| Number of Receivables Outstanding | 31,342 | 30,683 | |||||||||
| Pool Balance | $ | 936,545,660.55 | $ | 901,240,926.52 | |||||||
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 880,887,900.62 | $ | 848,106,990.35 | |||||||
| Pool Factor | 0.5545644 | 0.5336591 | |||||||||
VI. OVERCOLLATERALIZATION INFORMATION
| Specified Reserve Balance | $ | 3,947,369.66 | |||
| Yield Supplement Overcollateralization Amount | $ | 53,133,936.17 | |||
| Targeted Overcollateralization Amount | $ | 84,712,893.47 | |||
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 84,712,893.47 | |||
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 | February 2026 | ||||
| Payment Date | 3/16/2026 | ||||
| Transaction Month | 18 | ||||
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| # of Receivables | Amount | ||||||||||||||||
| Current Collection Period Loss: | |||||||||||||||||
| Realized Loss (Charge-Offs) | 54 | $ | 274,866.32 | ||||||||||||||
| (Recoveries) | 41 | $ | 210,031.74 | ||||||||||||||
| Net Loss for Current Collection Period | $ | 64,834.58 | |||||||||||||||
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | 0.0831 | % | |||||||||||||||
| Prior and Current Collection Periods Average Loss: | |||||||||||||||||
| Ratio of Net Loss to the Average Pool Balance (annualized) | |||||||||||||||||
| Third Prior Collection Period | 0.4705 | % | |||||||||||||||
| Second Prior Collection Period | 0.9602 | % | |||||||||||||||
| Prior Collection Period | 0.9478 | % | |||||||||||||||
| Current Collection Period | 0.0847 | % | |||||||||||||||
| Four Month Average (Current and Prior Three Collection Periods) | 0.6158 | % | |||||||||||||||
| Cumulative Loss: | |||||||||||||||||
| Cumulative Realized Loss (Charge-Offs) | 1,247 | $ | 7,514,043.03 | ||||||||||||||
| (Cumulative Recoveries) | $ | 766,638.03 | |||||||||||||||
| Cumulative Net Loss for All Collection Periods | $ | 6,747,405.00 | |||||||||||||||
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | 0.3995 | % | |||||||||||||||
| Average Realized Loss for Receivables that have experienced a Realized Loss | $ | 6,025.70 | |||||||||||||||
| Average Net Loss for Receivables that have experienced a Realized Loss | $ | 5,410.91 | |||||||||||||||
| % of EOP Pool Balance | # of Receivables | Amount | |||||||||||||||
| Delinquent Receivables: | |||||||||||||||||
| 31-60 Days Delinquent | 0.88 | % | 205 | $ | 7,903,920.78 | ||||||||||||
| 61-90 Days Delinquent | 0.14 | % | 30 | $ | 1,283,386.00 | ||||||||||||
| 91-120 Days Delinquent | 0.05 | % | 9 | $ | 412,167.93 | ||||||||||||
| Over 120 Days Delinquent | 0.03 | % | 8 | $ | 251,589.85 | ||||||||||||
| Total Delinquent Receivables | 1.09 | % | 252 | $ | 9,851,064.56 | ||||||||||||
| Repossession Inventory: | |||||||||||||||||
| Repossessed in the Current Collection Period | 27 | $ | 1,121,085.39 | ||||||||||||||
| Total Repossessed Inventory | 39 | $ | 1,712,906.06 | ||||||||||||||
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | |||||||||||||||||
| Second Prior Collection Period | 0.1343 | % | |||||||||||||||
| Prior Collection Period | 0.1787 | % | |||||||||||||||
| Current Collection Period | 0.1532 | % | |||||||||||||||
| Three Month Average | 0.1554 | % | |||||||||||||||
| 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 | 0.2161 | % | |||||||||||||||
| Delinquency Trigger Occurred | No | ||||||||||||||||
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Ford Credit Auto Owner Trust 2024-C
Monthly Investor Report
| Collection Period | February 2026 | ||||
| Payment Date | 3/16/2026 | ||||
| Transaction Month | 18 | ||||
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount | ||||||||||||
| 1 Month Extended | 85 | $3,365,279.91 | ||||||||||||
| 2 Months Extended | 128 | $5,415,523.35 | ||||||||||||
| 3+ Months Extended | 31 | $1,217,427.56 | ||||||||||||
| Total Receivables Extended | 244 | $9,998,230.82 | ||||||||||||
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 March 19, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on March 19, 2026 at 14:46 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]