Ford Credit Auto Owner Trust 2024-A
Monthly Investor Report
|
Collection Period
|
September 2024
|
Payment Date
|
10/15/2024
|
Transaction Month
|
7
|
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
|
$
|
1,696,683,364.30
|
46,551
|
55.8 months
|
|
Dollar Amount
|
Note Interest Rate
|
Final Scheduled Payment Date
|
Original Securities
|
Class A-1 Notes
|
$
|
305,000,000.00
|
5.524
|
%
|
April 15, 2025
|
Class A-2a Notes
|
$
|
150,000,000.00
|
5.32
|
%
|
January 15, 2027
|
Class A-2b Notes
|
$
|
410,000,000.00
|
5.70207
|
%
|
*
|
January 15, 2027
|
Class A-3 Notes
|
$
|
560,000,000.00
|
5.09
|
%
|
December 15, 2028
|
Class A-4 Notes
|
$
|
75,000,000.00
|
5.01
|
%
|
September 15, 2029
|
Class B Notes
|
$
|
47,350,000.00
|
5.26
|
%
|
November 15, 2029
|
Class C Notes
|
$
|
31,560,000.00
|
0.00
|
%
|
September 15, 2031
|
Total
|
$
|
1,578,910,000.00
|
* 30-day average SOFR + 0.36%
|
II. AVAILABLE FUNDS
|
Interest:
|
Interest Collections
|
$
|
5,675,844.93
|
|
Principal:
|
Principal Collections
|
$
|
31,191,966.72
|
Prepayments in Full
|
$
|
12,973,809.55
|
Liquidation Proceeds
|
$
|
385,388.20
|
Recoveries
|
$
|
1,939.03
|
Sub Total
|
$
|
44,553,103.50
|
Collections
|
$
|
50,228,948.43
|
|
Purchase Amounts:
|
Purchase Amounts Related to Principal
|
$
|
146,659.71
|
Purchase Amounts Related to Interest
|
$
|
763.85
|
Sub Total
|
$
|
147,423.56
|
|
Clean-up Call
|
$
|
0.00
|
|
Reserve Account Draw Amount
|
$
|
0.00
|
|
Available Funds - Total
|
$
|
50,376,371.99
|
Page 1
Ford Credit Auto Owner Trust 2024-A
Monthly Investor Report
|
Collection Period
|
September 2024
|
Payment Date
|
10/15/2024
|
Transaction Month
|
7
|
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
|
$
|
50,376,371.99
|
Servicing Fee
|
$
|
1,163,108.31
|
$
|
1,163,108.31
|
$
|
0.00
|
$
|
0.00
|
$
|
49,213,263.68
|
Interest - Class A-1 Notes
|
$
|
57,723.98
|
$
|
57,723.98
|
$
|
0.00
|
$
|
0.00
|
$
|
49,155,539.70
|
Interest - Class A-2a Notes
|
$
|
665,000.00
|
$
|
665,000.00
|
$
|
0.00
|
$
|
0.00
|
$
|
48,490,539.70
|
Interest - Class A-2b Notes
|
$
|
1,883,267.01
|
$
|
1,883,267.01
|
$
|
0.00
|
$
|
0.00
|
$
|
46,607,272.69
|
Interest - Class A-3 Notes
|
$
|
2,375,333.33
|
$
|
2,375,333.33
|
$
|
0.00
|
$
|
0.00
|
$
|
44,231,939.36
|
Interest - Class A-4 Notes
|
$
|
313,125.00
|
$
|
313,125.00
|
$
|
0.00
|
$
|
0.00
|
$
|
43,918,814.36
|
First Priority Principal Payment
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
43,918,814.36
|
Interest - Class B Notes
|
$
|
207,550.83
|
$
|
207,550.83
|
$
|
0.00
|
$
|
0.00
|
$
|
43,711,263.53
|
Second Priority Principal Payment
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
43,711,263.53
|
Interest - Class C Notes
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
43,711,263.53
|
Reserve Account Deposit
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
43,711,263.53
|
Regular Principal Payment
|
$
|
73,665,537.57
|
$
|
43,711,263.53
|
$
|
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
|
$
|
50,376,371.99
|
|
Principal Payment:
|
First Priority Principal Payment
|
$
|
0.00
|
Second Priority Principal Payment
|
$
|
0.00
|
Regular Principal Payment
|
$
|
43,711,263.53
|
Total
|
$
|
43,711,263.53
|
|
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
|
$
|
12,972,005.33
|
$
|
42.53
|
$
|
57,723.98
|
$
|
0.19
|
$
|
13,029,729.31
|
$
|
42.72
|
Class A-2a Notes
|
$
|
8,233,729.88
|
$
|
54.89
|
$
|
665,000.00
|
$
|
4.43
|
$
|
8,898,729.88
|
$
|
59.32
|
Class A-2b Notes
|
$
|
22,505,528.32
|
$
|
54.89
|
$
|
1,883,267.01
|
$
|
4.59
|
$
|
24,388,795.33
|
$
|
59.48
|
Class A-3 Notes
|
$
|
0.00
|
$
|
0.00
|
$
|
2,375,333.33
|
$
|
4.24
|
$
|
2,375,333.33
|
$
|
4.24
|
Class A-4 Notes
|
$
|
0.00
|
$
|
0.00
|
$
|
313,125.00
|
$
|
4.18
|
$
|
313,125.00
|
$
|
4.18
|
Class B Notes
|
$
|
0.00
|
$
|
0.00
|
$
|
207,550.83
|
$
|
4.38
|
$
|
207,550.83
|
$
|
4.38
|
Class C Notes
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
$
|
0.00
|
Total
|
$
|
43,711,263.53
|
$
|
27.68
|
$
|
5,502,000.15
|
$
|
3.48
|
$
|
49,213,263.68
|
$
|
31.16
|
|
Page 2
Ford Credit Auto Owner Trust 2024-A
Monthly Investor Report
|
Collection Period
|
September 2024
|
Payment Date
|
10/15/2024
|
Transaction Month
|
7
|
V. NOTE BALANCE AND POOL INFORMATION
|
Beginning of Period
|
End of Period
|
Balance
|
Note Factor
|
Balance
|
Note Factor
|
Class A-1 Notes
|
$
|
12,972,005.33
|
0.0425312
|
$
|
0.00
|
0.0000000
|
Class A-2a Notes
|
$
|
150,000,000.00
|
1.0000000
|
$
|
141,766,270.12
|
0.9451085
|
Class A-2b Notes
|
$
|
410,000,000.00
|
1.0000000
|
$
|
387,494,471.68
|
0.9451085
|
Class A-3 Notes
|
$
|
560,000,000.00
|
1.0000000
|
$
|
560,000,000.00
|
1.0000000
|
Class A-4 Notes
|
$
|
75,000,000.00
|
1.0000000
|
$
|
75,000,000.00
|
1.0000000
|
Class B Notes
|
$
|
47,350,000.00
|
1.0000000
|
$
|
47,350,000.00
|
1.0000000
|
Class C Notes
|
$
|
31,560,000.00
|
1.0000000
|
$
|
31,560,000.00
|
1.0000000
|
Total
|
$
|
1,286,882,005.33
|
0.8150446
|
$
|
1,243,170,741.80
|
0.7873601
|
|
Pool Information
|
Weighted Average APR
|
4.858
|
%
|
4.872
|
%
|
Weighted Average Remaining Term
|
51.21
|
50.44
|
Number of Receivables Outstanding
|
41,547
|
40,636
|
Pool Balance
|
$
|
1,395,729,977.17
|
$
|
1,350,756,893.56
|
Adjusted Pool Balance (Pool Balance - YSOC Amount)
|
$
|
1,302,335,672.65
|
$
|
1,261,108,816.34
|
Pool Factor
|
0.8226225
|
0.7961161
|
|
VI. OVERCOLLATERALIZATION INFORMATION
|
Specified Reserve Balance
|
$
|
3,947,285.02
|
Yield Supplement Overcollateralization Amount
|
$
|
89,648,077.22
|
Targeted Overcollateralization Amount
|
$
|
137,540,425.80
|
Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance)
|
$
|
107,586,151.76
|
|
VII. RECONCILIATION OF RESERVE ACCOUNT
|
Beginning Reserve Account Balance
|
$
|
3,947,285.02
|
Reserve Account Deposits Made
|
$
|
0.00
|
Reserve Account Draw Amount
|
$
|
0.00
|
Ending Reserve Account Balance
|
$
|
3,947,285.02
|
Change in Reserve Account Balance
|
$
|
0.00
|
Specified Reserve Balance
|
$
|
3,947,285.02
|
|
Page 3
Ford Credit Auto Owner Trust 2024-A
Monthly Investor Report
|
Collection Period
|
September 2024
|
Payment Date
|
10/15/2024
|
Transaction Month
|
7
|
VIII. NET LOSS AND DELINQUENT RECEIVABLES
|
# of Receivables
|
Amount
|
Current Collection Period Loss:
|
Realized Loss (Charge-Offs)
|
73
|
$
|
275,259.43
|
(Recoveries)
|
6
|
$
|
1,939.03
|
Net Loss for Current Collection Period
|
$
|
273,320.40
|
Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized)
|
0.2350
|
%
|
|
Prior and Current Collection Periods Average Loss:
|
|
Ratio of Net Loss to the Average Pool Balance (annualized)
|
Third Prior Collection Period
|
0.0835
|
%
|
Second Prior Collection Period
|
0.3442
|
%
|
Prior Collection Period
|
0.3921
|
%
|
Current Collection Period
|
0.2388
|
%
|
Four Month Average (Current and Prior Three Collection Periods)
|
0.2647
|
%
|
|
Cumulative Loss:
|
Cumulative Realized Loss (Charge-Offs)
|
456
|
$
|
1,320,264.67
|
(Cumulative Recoveries)
|
$
|
19,077.34
|
Cumulative Net Loss for All Collection Periods
|
$
|
1,301,187.33
|
Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance
|
0.0767
|
%
|
|
Average Realized Loss for Receivables that have experienced a Realized Loss
|
$
|
2,895.32
|
Average Net Loss for Receivables that have experienced a Realized Loss
|
$
|
2,853.48
|
|
% of EOP Pool Balance
|
# of Receivables
|
Amount
|
Delinquent Receivables:
|
31-60 Days Delinquent
|
0.56
|
%
|
189
|
$
|
7,526,863.95
|
61-90 Days Delinquent
|
0.08
|
%
|
27
|
$
|
1,080,820.94
|
91-120 Days Delinquent
|
0.02
|
%
|
7
|
$
|
298,332.68
|
Over 120 Days Delinquent
|
0.01
|
%
|
2
|
$
|
149,768.86
|
Total Delinquent Receivables
|
0.67
|
%
|
225
|
$
|
9,055,786.43
|
|
Repossession Inventory:
|
Repossessed in the Current Collection Period
|
16
|
$
|
719,780.58
|
Total Repossessed Inventory
|
26
|
$
|
1,150,496.28
|
|
Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables:
|
Second Prior Collection Period
|
0.0894
|
%
|
Prior Collection Period
|
0.0842
|
%
|
Current Collection Period
|
0.0886
|
%
|
Three Month Average
|
0.0874
|
%
|
|
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
|
0.1132
|
%
|
Delinquency Trigger Occurred
|
No
|
Page 4
Ford Credit Auto Owner Trust 2024-A
Monthly Investor Report
|
Collection Period
|
September 2024
|
Payment Date
|
10/15/2024
|
Transaction Month
|
7
|
|
Receivables Granted Extensions in the Current Collection Period:
|
# of Receivables
|
Amount
|
|
1 Month Extended
|
102
|
$4,236,545.61
|
2 Months Extended
|
102
|
$4,848,774.18
|
3+ Months Extended
|
18
|
$622,291.36
|
|
Total Receivables Extended
|
222
|
$9,707,611.15
|
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 5, 2024
|
|
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
Page 5