Statement to Securityholder 

Ally Auto Receivables Trust 2024-2

 

Deal Information						Table of Contents
Asset Type:			Consumer Retail			1.			Class Distribution Summary
						2.			Note Factor Summary
Closing Date:			9/27/2024			3.			Interest Summary
						4.			Collections and Distributions
Bloomberg Ticker:			ALLYA 2024-2			5.			Cash Reserve
						6.			Collateral Summary
Collection Period:						7.			Net Charge-Offs, Delinquencies, and Bankruptcies
Begin			4/1/2026			8.			Performance Tests
End			4/30/2026			9.			Supplemental Disclosures
Determination Date:			5/11/2026
Distribution Date:			5/15/2026
ABS Investor Relations:
Servicer:			Ally Bank
Telephone:			(866) 710-4623
E-Mail:			securitization@ally.com
Additional information about the transaction can be found in the prospectus, available on the SEC website (http://www.sec.gov) under the CIK number 0002035124.

        

            

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Statement to Securityholder 

Ally Auto Receivables Trust 2024-2

1. Class Distribution Summary
												Class Distribution
Class			CUSIP/ CUSIP-RegS			Initial Note Principal Balance			Beginning Note Principal Balance			Principal			Interest			Total			Ending Note Principal Balance
A-1			02007NAA6			234,260,000.00			0.00			0.00			0.00			0.00			0.00
A-2			02007NAB4			346,500,000.00			0.00			0.00			0.00			0.00			0.00
A-3			02007NAC2			396,500,000.00			297,829,876.02			21,806,857.01			1,027,513.07			22,834,370.08			276,023,019.01
A-4			02007NAD0			75,170,000.00			75,170,000.00			0.00			259,336.50			259,336.50			75,170,000.00
B			02007NAE8			23,410,000.00			23,410,000.00			0.00			85,836.67			85,836.67			23,410,000.00
C			02007NAF5			19,500,000.00			19,500,000.00			0.00			75,562.50			75,562.50			19,500,000.00
D			02007NAG3			14,490,000.00			14,490,000.00			0.00			60,254.25			60,254.25			14,490,000.00
Total Notes						1,109,830,000.00			430,399,876.02			21,806,857.01			1,508,502.99			23,315,360.00			408,593,019.01
Certificates			02007NAH1/ U0202NAA0															1,431,443.43
Total Class Distribution																		24,746,803.43

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Statement to Securityholder 

Ally Auto Receivables Trust 2024-2

2. Note Factor Summary

(Amount per $1,000 of Original Principal) 

						Distribution
Class			Beginning			Principal			Interest			Total			Ending
A-1			0.0000000			0.0000000			0.0000000			0.0000000			0.0000000
A-2			0.0000000			0.0000000			0.0000000			0.0000000			0.0000000
A-3			751.1472283			54.9983783			2.5914579			57.5898363			696.1488500
A-4			1,000.0000000			0.0000000			3.4500000			3.4500000			1000.0000000
B			1,000.0000000			0.0000000			3.6666668			3.6666668			1000.0000000
C			1,000.0000000			0.0000000			3.8750000			3.8750000			1000.0000000
D			1,000.0000000			0.0000000			4.1583333			4.1583333			1000.0000000
Total Notes			387.8070299												368.1582035

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Statement to Securityholder 

Ally Auto Receivables Trust 2024-2

3. Interest Summary

A. Target Interest Calculation

																		Fixed Rate						Variable Rate
Class			Beginning Note Principal Balance						Accrual Methodology			Interest Accrual Days						Total						Applicable Index			Margin			Total						Target Interest Calculation
A-1			0.00						Actual/360			30						4.803%						N/A			N/A			N/A						0.00
A-2			0.00						30/360			30						4.460%						N/A			N/A			N/A						0.00
A-3			297,829,876.02						30/360			30						4.140%						N/A			N/A			N/A						1,027,513.07
A-4			75,170,000.00						30/360			30						4.140%						N/A			N/A			N/A						259,336.50
B			23,410,000.00						30/360			30						4.400%						N/A			N/A			N/A						85,836.67
C			19,500,000.00						30/360			30						4.650%						N/A			N/A			N/A						75,562.50
D			14,490,000.00						30/360			30						4.990%						N/A			N/A			N/A						60,254.25
Total			430,399,876.02																																	1,508,502.99
B. Interest Distribution
Class			Beginning Unpaid Interest Carryover Shortfall						Target Interest Calculation			Interest Shortfall Allocated/ (Repaid)			Interest Distribution									Remaining Unpaid Interest Carryover Shortfall
			(1)						(2)			(3)			(4) = (2) - (3)									(5) = (1) + (3)
A-1			0.00						0.00			0.00			0.00									0.00
A-2			0.00						0.00			0.00			0.00									0.00
A-3			0.00						1,027,513.07			0.00			1,027,513.07									0.00
A-4			0.00						259,336.50			0.00			259,336.50									0.00
B			0.00						85,836.67			0.00			85,836.67									0.00
C			0.00						75,562.50			0.00			75,562.50									0.00
D			0.00						60,254.25			0.00			60,254.25									0.00
Total			0.00						1,508,502.99			0.00			1,508,502.99									0.00

    

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Statement to Securityholder

Ally Auto Receivables Trust 2024-2

4. Collections and Distributions

Collections
Receipts During the Period - Principal			20,817,071.28
Receipts During the Period - Interest			3,676,646.96
Administrative Purchase Payments			329,424.27
Warranty Payments			0.00
Liquidation Proceeds Including Recoveries (Net of Liquidation Expenses)			295,905.34
Other Fees or Expenses Paid			0.00
Total Collections			25,119,047.85
Beginning Reserve Account Balance			2,787,197.90
Total Available Amount			27,906,245.75
Distributions
Basic Servicing Fee			370,744.42
Amounts paid in connection with an Asset Representations Review			0.00
Aggregate Class A Interest Distributable Amount			1,286,849.57
First Priority Principal Distributable Amount			0.00
Aggregate Class B Interest Distributable Amount			85,836.67
Second Priority Principal Distributable Amount			0.00
Aggregate Class C Interest Distributable Amount			75,562.50
Third Priority Principal Distributable Amount			0.00
Aggregate Class D Interest Distributable Amount			60,254.25
Fourth Priority Principal Distributable Amount			7,313,427.95
Reserve Account Deposit			2,787,197.90
Noteholders' Regular Principal Distributable Amount			14,493,429.06
Indenture Trustee expenses			0.00
Unpaid Fees due to Trustees, Administrator and Asset Representations Reviewer			1,500.00
Excess Total Available Amount to the Certificateholders			1,431,443.43
Total Distributions			27,906,245.75

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Statement to Securityholder

Ally Auto Receivables Trust 2024-2

 

5. Cash Reserve

												Reductions
			Initial Balance			Beginning Balance			Additions			Draws			Releases			Ending Balance						Specified Reserve Account Balance
			2,787,197.90			2,787,197.90			0.00			0.00			0.00			2,787,197.90						2,787,197.90

6. Collateral Summary

												Initial			Beginning			Ending
Balances			Number of Receivables									61,802			31,810			30,688
			Aggregate Receivables Principal Balance									1,114,879,158.52			444,893,305.08			423,086,448.07
			Aggregate Amount Financed									1,114,879,158.52			444,893,305.08			423,086,448.07
			Pool Factor												39.9050697			37.9490858
Weighted Averages			Coupon									9.89%			10.15%			10.16%
			Original Maturity									71.03			71.16			71.17
			Remaining Maturity									54.11			41.09			40.39

Prepayment Percentage			Monthly Period
			21
			1.33%

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Statement to Securityholder

Ally Auto Receivables Trust 2024-2

7. Net Charge-Offs, Delinquencies, and Bankruptcies

 

Net Charge-Offs																					Cumulative Net Charge-Offs
Period			Average Aggregate Amount Financed			Number of Units Charged-Off			Net Charge-Offs (Recoveries)			Average Net Charge-Offs (Recoveries)			Loss Rate						Aggregate Amount Financed			Cumulative Net Charge-Offs			Cumulative Loss Rate
Current			433,989,876.58			50			367,434.42			7,348.69			1.0160%						1,114,879,158.52			6,902,713.46			0.6191%
Preceding			456,648,818.57			58			341,814.58			5,893.35			0.8982%
Next Preceding			480,175,922.35			47			493,663.46			10,503.48			1.2337%
Third Preceding			503,673,376.21			53			365,040.84			6,887.56			0.8697%
Four Month Average															1.0044%

Delinquencies															Delinquency Stratification
Period			Total Accounts			Accounts over 60			Percent Delinquent						Days			Total Accounts			Total Balance			Percent Delinquent
Current			30,688			221			0.7202%						31 - 60			391			5,700,954.50			1.3475%
Preceding			31,810			232			0.7293%						61 - 90			172			2,732,894.42			0.6459%
Next Preceding			33,126			243			0.7336%						91 - 120			44			703,015.89			0.1662%
Three Month Average									0.7277%						> 120			5			49,019.42			0.0116%

Bankruptcies
			Total Accounts			Total Balance
Prior Period			206			2,919,120.79			1
Additions			10			133,451.89
Removals2			11			107,695.83
Ending			205			2,944,876.85

1 Total Balance for Prior Period reflects the aggregate balance as of the last day of the related Collection Period.

2 Include bankruptcies returned to active status, bankruptcies paid-in-full, and charge-offs on prior period bankruptcies.

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Statement to Securityholder

Ally Auto Receivables Trust 2024-2

8. Performance Tests

For the Collection Period

Event of Default

All Tests Passed

Servicer Default

All Tests Passed

Overcollateralization:

Initial

5,049,158.52

Current

14,493,429.06

Overcollateralization Target Reached?

YES

Target

14,493,429.06

Asset Representations Review Delinquency Trigger:

Monthly Period

Trigger

Monthly

61+

1-12

2.20%

Period

Trigger

Delinquencies

13-36

3.40%

21

3.40%

0.82%

Pass

37+

4.60%

9. Supplemental Disclosures

For the Collection Period

Supplemental Servicing Fees

59,347.90

Other Fees or Expenses Accrued

0.00

Liquidation Expenses

27,500.00

Have there been any material modifications, extensions, or waivers relating to the terms of or fees, penalties or payments on, pool assets during the period or that, cumulatively, have become material over time?

No

Have there been any material changes in determining or defining delinquencies, charge-offs or uncollectible amounts?

No

Have there been any receivables with respect to which material breaches of pool asset representations or warranties or transaction covenants have occurred?

No

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