Ford Credit Auto Owner Trust 2024-A
12/18/2025 | Press release | Distributed by Public on 12/18/2025 07:04
Asset-Backed Issuer Distribution Report (Form 10-D)
Ford Credit Auto Owner Trust 2024-A
Monthly Investor Report
| Collection Period | November 2025 | ||||
| Payment Date | 12/15/2025 | ||||
| Transaction Month | 21 | ||||
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 | 4.50202 | % | * | 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 | $ | 3,069,298.40 | |||
| Principal: | |||||
| Principal Collections | $ | 21,587,993.94 | |||
| Prepayments in Full | $ | 10,479,682.64 | |||
| Liquidation Proceeds | $ | 476,171.41 | |||
| Recoveries | $ | 101,223.50 | |||
| Sub Total | $ | 32,645,071.49 | |||
| Collections | $ | 35,714,369.89 | |||
| Purchase Amounts: | |||||
| Purchase Amounts Related to Principal | $ | 139,211.50 | |||
| Purchase Amounts Related to Interest | $ | 878.51 | |||
| Sub Total | $ | 140,090.01 | |||
| Clean-up Call | $ | 0.00 | |||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Available Funds - Total | $ | 35,854,459.90 | |||
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Ford Credit Auto Owner Trust 2024-A
Monthly Investor Report
| Collection Period | November 2025 | ||||
| Payment Date | 12/15/2025 | ||||
| Transaction Month | 21 | ||||
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 | $ | 35,854,459.90 | |||||||||||||||||||
| Servicing Fee | $ | 666,274.98 | $ | 666,274.98 | $ | 0.00 | $ | 0.00 | $ | 35,188,184.92 | |||||||||||||||||||
| Interest - Class A-1 Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 35,188,184.92 | |||||||||||||||||||
| Interest - Class A-2a Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 35,188,184.92 | |||||||||||||||||||
| Interest - Class A-2b Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 35,188,184.92 | |||||||||||||||||||
| Interest - Class A-3 Notes | $ | 2,362,336.10 | $ | 2,362,336.10 | $ | 0.00 | $ | 0.00 | $ | 32,825,848.82 | |||||||||||||||||||
| Interest - Class A-4 Notes | $ | 313,125.00 | $ | 313,125.00 | $ | 0.00 | $ | 0.00 | $ | 32,512,723.82 | |||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 32,512,723.82 | |||||||||||||||||||
| Interest - Class B Notes | $ | 207,550.83 | $ | 207,550.83 | $ | 0.00 | $ | 0.00 | $ | 32,305,172.99 | |||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 32,305,172.99 | |||||||||||||||||||
| Interest - Class C Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 32,305,172.99 | |||||||||||||||||||
| Reserve Account Deposit | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 32,305,172.99 | |||||||||||||||||||
| Regular Principal Payment | $ | 30,234,229.39 | $ | 30,234,229.39 | $ | 0.00 | $ | 0.00 | $ | 2,070,943.60 | |||||||||||||||||||
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 2,070,943.60 | |||||||||||||||||||
| Residual Released to Depositor | $ | 0.00 | $ | 2,070,943.60 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||
| Total | $ | 35,854,459.90 | |||||||||||||||||||||||||||
| Principal Payment: | |||||||||||||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Regular Principal Payment | $ | 30,234,229.39 | |||||||||||||||||||||||||||
| Total | $ | 30,234,229.39 | |||||||||||||||||||||||||||
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 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||||||
| Class A-2b Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||||||
| Class A-3 Notes | $ | 30,234,229.39 | $ | 53.99 | $ | 2,362,336.10 | $ | 4.22 | $ | 32,596,565.49 | $ | 58.21 | |||||||||||||||||||||||
| 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 | $ | 30,234,229.39 | $ | 19.15 | $ | 2,883,011.93 | $ | 1.83 | $ | 33,117,241.32 | $ | 20.98 | |||||||||||||||||||||||
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Ford Credit Auto Owner Trust 2024-A
Monthly Investor Report
| Collection Period | November 2025 | ||||
| Payment Date | 12/15/2025 | ||||
| Transaction Month | 21 | ||||
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 | $ | 0.00 | 0.0000000 | $ | 0.00 | 0.0000000 | |||||||||||||||||
| Class A-2b Notes | $ | 0.00 | 0.0000000 | $ | 0.00 | 0.0000000 | |||||||||||||||||
| Class A-3 Notes | $ | 556,935,818.30 | 0.9945282 | $ | 526,701,588.91 | 0.9405386 | |||||||||||||||||
| 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 | $ | 710,845,818.30 | 0.4502130 | $ | 680,611,588.91 | 0.4310642 | |||||||||||||||||
| Pool Information | |||||||||||
| Weighted Average APR | 5.071 | % | 5.087 | % | |||||||
| Weighted Average Remaining Term | 40.69 | 39.95 | |||||||||
| Number of Receivables Outstanding | 30,419 | 29,748 | |||||||||
| Pool Balance | $ | 799,529,973.95 | $ | 766,295,721.14 | |||||||
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 750,469,763.09 | $ | 719,737,019.91 | |||||||
| Pool Factor | 0.4712311 | 0.4516433 | |||||||||
VI. OVERCOLLATERALIZATION INFORMATION
| Specified Reserve Balance | $ | 3,947,285.02 | |||
| Yield Supplement Overcollateralization Amount | $ | 46,558,701.23 | |||
| Targeted Overcollateralization Amount | $ | 85,684,132.23 | |||
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 85,684,132.23 | |||
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 | |||
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Ford Credit Auto Owner Trust 2024-A
Monthly Investor Report
| Collection Period | November 2025 | ||||
| Payment Date | 12/15/2025 | ||||
| Transaction Month | 21 | ||||
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| # of Receivables | Amount | ||||||||||||||||
| Current Collection Period Loss: | |||||||||||||||||
| Realized Loss (Charge-Offs) | 63 | $ | 551,193.32 | ||||||||||||||
| (Recoveries) | 46 | $ | 101,223.50 | ||||||||||||||
| Net Loss for Current Collection Period | $ | 449,969.82 | |||||||||||||||
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | 0.6754 | % | |||||||||||||||
| Prior and Current Collection Periods Average Loss: | |||||||||||||||||
| Ratio of Net Loss to the Average Pool Balance (annualized) | |||||||||||||||||
| Third Prior Collection Period | 0.3362 | % | |||||||||||||||
| Second Prior Collection Period | 0.4704 | % | |||||||||||||||
| Prior Collection Period | 0.5503 | % | |||||||||||||||
| Current Collection Period | 0.6897 | % | |||||||||||||||
| Four Month Average (Current and Prior Three Collection Periods) | 0.5117 | % | |||||||||||||||
| Cumulative Loss: | |||||||||||||||||
| Cumulative Realized Loss (Charge-Offs) | 1,620 | $ | 7,701,186.26 | ||||||||||||||
| (Cumulative Recoveries) | $ | 981,287.60 | |||||||||||||||
| Cumulative Net Loss for All Collection Periods | $ | 6,719,898.66 | |||||||||||||||
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | 0.3961 | % | |||||||||||||||
| Average Realized Loss for Receivables that have experienced a Realized Loss | $ | 4,753.82 | |||||||||||||||
| Average Net Loss for Receivables that have experienced a Realized Loss | $ | 4,148.09 | |||||||||||||||
| % of EOP Pool Balance | # of Receivables | Amount | |||||||||||||||
| Delinquent Receivables: | |||||||||||||||||
| 31-60 Days Delinquent | 0.99 | % | 230 | $ | 7,621,017.79 | ||||||||||||
| 61-90 Days Delinquent | 0.18 | % | 38 | $ | 1,356,629.27 | ||||||||||||
| 91-120 Days Delinquent | 0.03 | % | 7 | $ | 217,066.05 | ||||||||||||
| Over 120 Days Delinquent | 0.05 | % | 10 | $ | 399,719.44 | ||||||||||||
| Total Delinquent Receivables | 1.25 | % | 285 | $ | 9,594,432.55 | ||||||||||||
| Repossession Inventory: | |||||||||||||||||
| Repossessed in the Current Collection Period | 16 | $ | 569,224.53 | ||||||||||||||
| Total Repossessed Inventory | 32 | $ | 1,401,743.59 | ||||||||||||||
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | |||||||||||||||||
| Second Prior Collection Period | 0.1763 | % | |||||||||||||||
| Prior Collection Period | 0.1545 | % | |||||||||||||||
| Current Collection Period | 0.1849 | % | |||||||||||||||
| Three Month Average | 0.1719 | % | |||||||||||||||
| 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 | 0.2575 | % | |||||||||||||||
| Delinquency Trigger Occurred | No | ||||||||||||||||
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Ford Credit Auto Owner Trust 2024-A
Monthly Investor Report
| Collection Period | November 2025 | ||||
| Payment Date | 12/15/2025 | ||||
| Transaction Month | 21 | ||||
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount | ||||||||||||
| 1 Month Extended | 80 | $3,055,952.29 | ||||||||||||
| 2 Months Extended | 129 | $5,153,656.15 | ||||||||||||
| 3+ Months Extended | 24 | $809,486.14 | ||||||||||||
| Total Receivables Extended | 233 | $9,019,094.58 | ||||||||||||
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-A published this content on December 18, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on December 18, 2025 at 13:04 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]