Ford Credit Auto Owner Trust 2024-C
05/20/2026 | Press release | Distributed by Public on 05/20/2026 08:21
Asset-Backed Issuer Distribution Report (Form 10-D)
Ford Credit Auto Owner Trust 2024-C
Monthly Investor Report
| Collection Period | April 2026 | ||||
| Payment Date | 5/15/2026 | ||||
| Transaction Month | 20 | ||||
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 | 4.03980 | % | * | 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 | $ | 3,493,240.11 | |||
| Principal: | |||||
| Principal Collections | $ | 23,579,482.83 | |||
| Prepayments in Full | $ | 13,743,192.09 | |||
| Liquidation Proceeds | $ | 541,570.89 | |||
| Recoveries | $ | 285,535.23 | |||
| Sub Total | $ | 38,149,781.04 | |||
| Collections | $ | 41,643,021.15 | |||
| Purchase Amounts: | |||||
| Purchase Amounts Related to Principal | $ | 101,254.72 | |||
| Purchase Amounts Related to Interest | $ | 896.15 | |||
| Sub Total | $ | 102,150.87 | |||
| Clean-up Call | $ | 0.00 | |||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Available Funds - Total | $ | 41,745,172.02 | |||
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Ford Credit Auto Owner Trust 2024-C
Monthly Investor Report
| Collection Period | April 2026 | ||||
| Payment Date | 5/15/2026 | ||||
| Transaction Month | 20 | ||||
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 | $ | 41,745,172.02 | |||||||||||||||||||
| Servicing Fee | $ | 716,988.77 | $ | 716,988.77 | $ | 0.00 | $ | 0.00 | $ | 41,028,183.25 | |||||||||||||||||||
| Interest - Class A-1 Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 41,028,183.25 | |||||||||||||||||||
| Interest - Class A-2a Notes | $ | 147,006.83 | $ | 147,006.83 | $ | 0.00 | $ | 0.00 | $ | 40,881,176.42 | |||||||||||||||||||
| Interest - Class A-2b Notes | $ | 112,268.64 | $ | 112,268.64 | $ | 0.00 | $ | 0.00 | $ | 40,768,907.78 | |||||||||||||||||||
| Interest - Class A-3 Notes | $ | 1,848,458.33 | $ | 1,848,458.33 | $ | 0.00 | $ | 0.00 | $ | 38,920,449.45 | |||||||||||||||||||
| Interest - Class A-4 Notes | $ | 274,000.00 | $ | 274,000.00 | $ | 0.00 | $ | 0.00 | $ | 38,646,449.45 | |||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 38,646,449.45 | |||||||||||||||||||
| Interest - Class B Notes | $ | 173,690.00 | $ | 173,690.00 | $ | 0.00 | $ | 0.00 | $ | 38,472,759.45 | |||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 38,472,759.45 | |||||||||||||||||||
| Interest - Class C Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 38,472,759.45 | |||||||||||||||||||
| Reserve Account Deposit | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 38,472,759.45 | |||||||||||||||||||
| Regular Principal Payment | $ | 35,944,413.22 | $ | 35,944,413.22 | $ | 0.00 | $ | 0.00 | $ | 2,528,346.23 | |||||||||||||||||||
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 2,528,346.23 | |||||||||||||||||||
| Residual Released to Depositor | $ | 0.00 | $ | 2,528,346.23 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||
| Total | $ | 41,745,172.02 | |||||||||||||||||||||||||||
| Principal Payment: | |||||||||||||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Regular Principal Payment | $ | 35,944,413.22 | |||||||||||||||||||||||||||
| Total | $ | 35,944,413.22 | |||||||||||||||||||||||||||
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 | $ | 19,785,915.53 | $ | 65.95 | $ | 147,006.83 | $ | 0.49 | $ | 19,932,922.36 | $ | 66.44 | |||||||||||||||||||||||
| Class A-2b Notes | $ | 16,158,497.69 | $ | 65.95 | $ | 112,268.64 | $ | 0.46 | $ | 16,270,766.33 | $ | 66.41 | |||||||||||||||||||||||
| 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 | $ | 35,944,413.22 | $ | 22.76 | $ | 2,555,423.80 | $ | 1.62 | $ | 38,499,837.02 | $ | 24.38 | |||||||||||||||||||||||
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Ford Credit Auto Owner Trust 2024-C
Monthly Investor Report
| Collection Period | April 2026 | ||||
| Payment Date | 5/15/2026 | ||||
| Transaction Month | 20 | ||||
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 | $ | 40,835,230.49 | 0.1361174 | $ | 21,049,314.96 | 0.0701644 | |||||||||||||||||
| Class A-2b Notes | $ | 33,348,771.58 | 0.1361174 | $ | 17,190,273.89 | 0.0701644 | |||||||||||||||||
| 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 | $ | 778,124,002.07 | 0.4928142 | $ | 742,179,588.85 | 0.4700493 | |||||||||||||||||
| Pool Information | |||||||||||
| Weighted Average APR | 4.868 | % | 4.878 | % | |||||||
| Weighted Average Remaining Term | 42.29 | 41.51 | |||||||||
| Number of Receivables Outstanding | 29,884 | 29,091 | |||||||||
| Pool Balance | $ | 860,386,523.86 | $ | 822,064,525.39 | |||||||
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 809,702,959.37 | $ | 773,758,546.15 | |||||||
| Pool Factor | 0.5094676 | 0.4867757 | |||||||||
VI. OVERCOLLATERALIZATION INFORMATION
| Specified Reserve Balance | $ | 3,947,369.66 | |||
| Yield Supplement Overcollateralization Amount | $ | 48,305,979.24 | |||
| Targeted Overcollateralization Amount | $ | 79,884,936.54 | |||
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 79,884,936.54 | |||
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 | April 2026 | ||||
| Payment Date | 5/15/2026 | ||||
| Transaction Month | 20 | ||||
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| # of Receivables | Amount | ||||||||||||||||
| Current Collection Period Loss: | |||||||||||||||||
| Realized Loss (Charge-Offs) | 59 | $ | 356,497.94 | ||||||||||||||
| (Recoveries) | 42 | $ | 285,535.23 | ||||||||||||||
| Net Loss for Current Collection Period | $ | 70,962.71 | |||||||||||||||
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | 0.0990 | % | |||||||||||||||
| Prior and Current Collection Periods Average Loss: | |||||||||||||||||
| Ratio of Net Loss to the Average Pool Balance (annualized) | |||||||||||||||||
| Third Prior Collection Period | 0.9478 | % | |||||||||||||||
| Second Prior Collection Period | 0.0847 | % | |||||||||||||||
| Prior Collection Period | 0.8083 | % | |||||||||||||||
| Current Collection Period | 0.1012 | % | |||||||||||||||
| Four Month Average (Current and Prior Three Collection Periods) | 0.4855 | % | |||||||||||||||
| Cumulative Loss: | |||||||||||||||||
| Cumulative Realized Loss (Charge-Offs) | 1,373 | $ | 8,519,620.81 | ||||||||||||||
| (Cumulative Recoveries) | $ | 1,107,929.04 | |||||||||||||||
| Cumulative Net Loss for All Collection Periods | $ | 7,411,691.77 | |||||||||||||||
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | 0.4389 | % | |||||||||||||||
| Average Realized Loss for Receivables that have experienced a Realized Loss | $ | 6,205.11 | |||||||||||||||
| Average Net Loss for Receivables that have experienced a Realized Loss | $ | 5,398.17 | |||||||||||||||
| % of EOP Pool Balance | # of Receivables | Amount | |||||||||||||||
| Delinquent Receivables: | |||||||||||||||||
| 31-60 Days Delinquent | 0.92 | % | 204 | $ | 7,566,586.18 | ||||||||||||
| 61-90 Days Delinquent | 0.12 | % | 20 | $ | 970,747.75 | ||||||||||||
| 91-120 Days Delinquent | 0.01 | % | 3 | $ | 88,740.87 | ||||||||||||
| Over 120 Days Delinquent | 0.05 | % | 11 | $ | 394,269.87 | ||||||||||||
| Total Delinquent Receivables | 1.10 | % | 238 | $ | 9,020,344.67 | ||||||||||||
| Repossession Inventory: | |||||||||||||||||
| Repossessed in the Current Collection Period | 16 | $ | 656,090.21 | ||||||||||||||
| Total Repossessed Inventory | 34 | $ | 1,443,751.97 | ||||||||||||||
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | |||||||||||||||||
| Second Prior Collection Period | 0.1532 | % | |||||||||||||||
| Prior Collection Period | 0.1506 | % | |||||||||||||||
| Current Collection Period | 0.1169 | % | |||||||||||||||
| Three Month Average | 0.1402 | % | |||||||||||||||
| 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 | 0.1768 | % | |||||||||||||||
| Delinquency Trigger Occurred | No | ||||||||||||||||
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Ford Credit Auto Owner Trust 2024-C
Monthly Investor Report
| Collection Period | April 2026 | ||||
| Payment Date | 5/15/2026 | ||||
| Transaction Month | 20 | ||||
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount | ||||||||||||
| 1 Month Extended | 66 | $2,701,133.34 | ||||||||||||
| 2 Months Extended | 113 | $4,763,280.71 | ||||||||||||
| 3+ Months Extended | 29 | $1,266,601.16 | ||||||||||||
| Total Receivables Extended | 208 | $8,731,015.21 | ||||||||||||
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 May 20, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on May 20, 2026 at 14:21 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]