Ford Credit Auto Owner Trust 2024-B
Monthly Investor Report
| | | | | |
| Collection Period | May 2026 |
| Payment Date | 6/15/2026 |
| Transaction Month | 24 | |
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 | $ | 1,999,478,618.95 | | | 53,438 | | | 57.0 months |
| | | | | |
| Dollar Amount | | Note Interest Rate | | Final Scheduled Payment Date |
| Original Securities | | | | | |
| Class A-1 Notes | $ | 350,000,000.00 | | | 5.507 | % | | July 15, 2025 |
| Class A-2a Notes | $ | 323,350,000.00 | | | 5.40 | % | | April 15, 2027 |
| Class A-2b Notes | $ | 330,000,000.00 | | | 4.04285 | % | * | April 15, 2027 |
| Class A-3 Notes | $ | 653,300,000.00 | | | 5.10 | % | | April 15, 2029 |
| Class A-4 Notes | $ | 93,350,000.00 | | | 4.96 | % | | May 15, 2030 |
| Class B Notes | $ | 55,260,000.00 | | | 5.23 | % | | May 15, 2030 |
| Class C Notes | $ | 36,830,000.00 | | | 0.00 | % | | December 15, 2031 |
| Total | $ | 1,842,090,000.00 | | | | | |
| | | * 30-day average SOFR + 0.40% |
II. AVAILABLE FUNDS
| | | | | |
| Interest: | |
| Interest Collections | $ | 3,167,823.68 | |
| |
| Principal: | |
| Principal Collections | $ | 23,968,997.11 | |
| Prepayments in Full | $ | 12,108,695.73 | |
| Liquidation Proceeds | $ | 369,115.41 | |
| Recoveries | $ | 139,997.24 | |
| Sub Total | $ | 36,586,805.49 | |
| Collections | $ | 39,754,629.17 | |
| |
| Purchase Amounts: | |
| Purchase Amounts Related to Principal | $ | 264,307.17 | |
| Purchase Amounts Related to Interest | $ | 1,077.93 | |
| Sub Total | $ | 265,385.10 | |
| |
| Clean-up Call | $ | 0.00 | |
| |
| Reserve Account Draw Amount | $ | 0.00 | |
| |
| Available Funds - Total | $ | 40,020,014.27 | |
Ford Credit Auto Owner Trust 2024-B
Monthly Investor Report
| | | | | |
| Collection Period | May 2026 |
| Payment Date | 6/15/2026 |
| Transaction Month | 24 | |
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 | | | $ | 40,020,014.27 | |
| Servicing Fee | $ | 693,153.26 | | | $ | 693,153.26 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 39,326,861.01 | |
| Interest - Class A-1 Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 39,326,861.01 | |
| Interest - Class A-2a Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 39,326,861.01 | |
| Interest - Class A-2b Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 39,326,861.01 | |
| Interest - Class A-3 Notes | $ | 2,334,437.29 | | | $ | 2,334,437.29 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 36,992,423.72 | |
| Interest - Class A-4 Notes | $ | 385,846.67 | | | $ | 385,846.67 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 36,606,577.05 | |
| First Priority Principal Payment | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 36,606,577.05 | |
| Interest - Class B Notes | $ | 240,841.50 | | | $ | 240,841.50 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 36,365,735.55 | |
| Second Priority Principal Payment | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 36,365,735.55 | |
| Interest - Class C Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 36,365,735.55 | |
| Reserve Account Deposit | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 36,365,735.55 | |
| Regular Principal Payment | $ | 34,086,940.86 | | | $ | 34,086,940.86 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 2,278,794.69 | |
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 2,278,794.69 | |
| Residual Released to Depositor | $ | 0.00 | | | $ | 2,278,794.69 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| Total | | | $ | 40,020,014.27 | | | | | | | |
| | | | | | | | | |
| Principal Payment: | | | | | | | | | |
| First Priority Principal Payment | | | | | | | | | $ | 0.00 | |
| Second Priority Principal Payment | | | | | | | | | $ | 0.00 | |
| Regular Principal Payment | | | | | | | | | $ | 34,086,940.86 | |
| Total | | | | | | | | | $ | 34,086,940.86 | |
| | | | | | | | | |
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 | $ | 34,086,940.86 | | | $ | 52.18 | | | $ | 2,334,437.29 | | | $ | 3.57 | | | $ | 36,421,378.15 | | | $ | 55.75 | |
| Class A-4 Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 385,846.67 | | | $ | 4.13 | | | $ | 385,846.67 | | | $ | 4.13 | |
| Class B Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 240,841.50 | | | $ | 4.36 | | | $ | 240,841.50 | | | $ | 4.36 | |
| Class C Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| Total | $ | 34,086,940.86 | | | $ | 18.50 | | | $ | 2,961,125.46 | | | $ | 1.61 | | | $ | 37,048,066.32 | | | $ | 20.11 | |
| | | | | | | | | | | |
Ford Credit Auto Owner Trust 2024-B
Monthly Investor Report
| | | | | |
| Collection Period | May 2026 |
| Payment Date | 6/15/2026 |
| Transaction Month | 24 | |
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 | $ | 549,279,363.35 | | | 0.8407766 | | $ | 515,192,422.49 | | | 0.7886001 |
| Class A-4 Notes | $ | 93,350,000.00 | | | 1.0000000 | | $ | 93,350,000.00 | | | 1.0000000 |
| Class B Notes | $ | 55,260,000.00 | | | 1.0000000 | | $ | 55,260,000.00 | | | 1.0000000 |
| Class C Notes | $ | 36,830,000.00 | | | 1.0000000 | | $ | 36,830,000.00 | | | 1.0000000 |
| Total | $ | 734,719,363.35 | | | 0.3988510 | | $ | 700,632,422.49 | | | 0.3803465 |
| | | | | | | | | | | |
| Pool Information | | | |
| Weighted Average APR | 4.844 | % | | 4.858 | % |
| Weighted Average Remaining Term | 39.51 | | 38.77 |
| Number of Receivables Outstanding | 32,039 | | 31,115 |
| Pool Balance | $ | 831,783,909.10 | | | $ | 794,714,576.24 | |
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 771,561,339.62 | | | $ | 737,474,398.76 | |
| Pool Factor | 0.4160004 | | 0.3974609 |
| | | |
VI. OVERCOLLATERALIZATION INFORMATION
| | | | | |
| Specified Reserve Balance | $ | 4,605,247.03 | |
| Yield Supplement Overcollateralization Amount | $ | 57,240,177.48 | |
| Targeted Overcollateralization Amount | $ | 94,082,153.75 | |
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 94,082,153.75 | |
| |
VII. RECONCILIATION OF RESERVE ACCOUNT
| | | | | |
| Beginning Reserve Account Balance | $ | 4,605,247.03 | |
| Reserve Account Deposits Made | $ | 0.00 | |
| Reserve Account Draw Amount | $ | 0.00 | |
| Ending Reserve Account Balance | $ | 4,605,247.03 | |
| Change in Reserve Account Balance | $ | 0.00 | |
| Specified Reserve Balance | $ | 4,605,247.03 | |
| |
Ford Credit Auto Owner Trust 2024-B
Monthly Investor Report
| | | | | |
| Collection Period | May 2026 |
| Payment Date | 6/15/2026 |
| Transaction Month | 24 | |
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| | | | | | | | | | | | | | | | | |
| | | # of Receivables | | Amount |
| Current Collection Period Loss: | | | | | |
| Realized Loss (Charge-Offs) | | | 67 | | $ | 358,217.44 | |
| (Recoveries) | | | 75 | | $ | 139,997.24 | |
| Net Loss for Current Collection Period | | | | | $ | 218,220.20 | |
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | | | | | 0.3148 | % |
| | | | | |
| Prior and Current Collection Periods Average Loss: | | | | | |
| | | | | |
| Ratio of Net Loss to the Average Pool Balance (annualized) | | | | | |
| Third Prior Collection Period | | | | | 0.8473 | % |
| Second Prior Collection Period | | 0.6714 | % |
| Prior Collection Period | | | | | 0.5831 | % |
| Current Collection Period | | | | | 0.3220 | % |
| Four Month Average (Current and Prior Three Collection Periods) | | | | | 0.6059 | % |
| | | | | |
| Cumulative Loss: | | | | | |
| Cumulative Realized Loss (Charge-Offs) | | | 2,110 | | $ | 13,303,271.88 | |
| (Cumulative Recoveries) | | | | | $ | 2,044,764.15 | |
| Cumulative Net Loss for All Collection Periods | | | | | $ | 11,258,507.73 | |
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | | | | 0.5631 | % |
| | | | | |
| Average Realized Loss for Receivables that have experienced a Realized Loss | | | | | $ | 6,304.87 | |
| Average Net Loss for Receivables that have experienced a Realized Loss | | | | | $ | 5,335.79 | |
| | | | | |
| % of EOP Pool Balance | | # of Receivables | | Amount |
| Delinquent Receivables: | | | | | |
| 31-60 Days Delinquent | 1.05 | % | | 233 | | $ | 8,306,199.68 | |
| 61-90 Days Delinquent | 0.16 | % | | 35 | | $ | 1,288,856.00 | |
| 91-120 Days Delinquent | 0.06 | % | | 11 | | $ | 451,164.82 | |
| Over 120 Days Delinquent | 0.08 | % | | 15 | | $ | 615,996.87 | |
| Total Delinquent Receivables | 1.34 | % | | 294 | | $ | 10,662,217.37 | |
|
| Repossession Inventory: | | | | | |
| Repossessed in the Current Collection Period | | | 13 | | $ | 503,701.78 | |
| Total Repossessed Inventory | | | 36 | | $ | 1,363,535.05 | |
| | | | | |
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | | |
| Second Prior Collection Period | | | | | 0.1876 | % |
| Prior Collection Period | | | | | 0.2029 | % |
| Current Collection Period | | | | | 0.1960 | % |
| Three Month Average | | | | | 0.1955 | % |
| | | | | |
| 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 | | | | | 0.2965 | % |
| Delinquency Trigger Occurred | | | | | No |
Ford Credit Auto Owner Trust 2024-B
Monthly Investor Report
| | | | | |
| Collection Period | May 2026 |
| Payment Date | 6/15/2026 |
| Transaction Month | 24 | |
| | | | | | | | | | | | | | |
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount |
| | | | |
| 1 Month Extended | | | 92 | $3,541,279.65 |
| 2 Months Extended | | | 120 | $4,539,871.67 |
| 3+ Months Extended | | | 24 | $1,039,506.49 |
| | | | |
| Total Receivables Extended | 236 | $9,120,657.81 |
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