Ford Credit Auto Owner Trust 2024-C
Monthly Investor Report
| | | | | |
| Collection Period | May 2026 |
| Payment Date | 6/15/2026 |
| 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 | $ | 1,688,795,240.91 | | | 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 | | | 4.04285 | % | * | 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 | $ | 3,170,876.44 | |
| |
| Principal: | |
| Principal Collections | $ | 22,067,178.19 | |
| Prepayments in Full | $ | 12,661,268.81 | |
| Liquidation Proceeds | $ | 541,245.00 | |
| Recoveries | $ | 124,902.22 | |
| Sub Total | $ | 35,394,594.22 | |
| Collections | $ | 38,565,470.66 | |
| |
| Purchase Amounts: | |
| Purchase Amounts Related to Principal | $ | 2,108.77 | |
| Purchase Amounts Related to Interest | $ | 0.00 | |
| Sub Total | $ | 2,108.77 | |
| |
| Clean-up Call | $ | 0.00 | |
| |
| Reserve Account Draw Amount | $ | 0.00 | |
| |
| Available Funds - Total | $ | 38,567,579.43 | |
Ford Credit Auto Owner Trust 2024-C
Monthly Investor Report
| | | | | |
| Collection Period | May 2026 |
| Payment Date | 6/15/2026 |
| 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 | | | $ | 38,567,579.43 | |
| Servicing Fee | $ | 685,053.77 | | | $ | 685,053.77 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 37,882,525.66 | |
| Interest - Class A-1 Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 37,882,525.66 | |
| Interest - Class A-2a Notes | $ | 75,777.53 | | | $ | 75,777.53 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 37,806,748.13 | |
| Interest - Class A-2b Notes | $ | 59,845.24 | | | $ | 59,845.24 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 37,746,902.89 | |
| Interest - Class A-3 Notes | $ | 1,848,458.33 | | | $ | 1,848,458.33 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 35,898,444.56 | |
| Interest - Class A-4 Notes | $ | 274,000.00 | | | $ | 274,000.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 35,624,444.56 | |
| First Priority Principal Payment | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 35,624,444.56 | |
| Interest - Class B Notes | $ | 173,690.00 | | | $ | 173,690.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 35,450,754.56 | |
| Second Priority Principal Payment | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 35,450,754.56 | |
| Interest - Class C Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 35,450,754.56 | |
| Reserve Account Deposit | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 35,450,754.56 | |
| Regular Principal Payment | $ | 33,241,973.95 | | | $ | 33,241,973.95 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 2,208,780.61 | |
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 2,208,780.61 | |
| Residual Released to Depositor | $ | 0.00 | | | $ | 2,208,780.61 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| Total | | | $ | 38,567,579.43 | | | | | | | |
| | | | | | | | | |
| Principal Payment: | | | | | | | | | |
| First Priority Principal Payment | | | | | | | | | $ | 0.00 | |
| Second Priority Principal Payment | | | | | | | | | $ | 0.00 | |
| Regular Principal Payment | | | | | | | | | $ | 33,241,973.95 | |
| Total | | | | | | | | | $ | 33,241,973.95 | |
| | | | | | | | | |
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 | $ | 18,298,334.28 | | | $ | 60.99 | | | $ | 75,777.53 | | | $ | 0.25 | | | $ | 18,374,111.81 | | | $ | 61.24 | |
| Class A-2b Notes | $ | 14,943,639.67 | | | $ | 60.99 | | | $ | 59,845.24 | | | $ | 0.24 | | | $ | 15,003,484.91 | | | $ | 61.23 | |
| 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 | $ | 33,241,973.95 | | | $ | 21.05 | | | $ | 2,431,771.10 | | | $ | 1.54 | | | $ | 35,673,745.05 | | | $ | 22.59 | |
| | | | | | | | | | | |
Ford Credit Auto Owner Trust 2024-C
Monthly Investor Report
| | | | | |
| Collection Period | May 2026 |
| Payment Date | 6/15/2026 |
| 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 | $ | 21,049,314.96 | | | 0.0701644 | | $ | 2,750,980.68 | | | 0.0091699 |
| Class A-2b Notes | $ | 17,190,273.89 | | | 0.0701644 | | $ | 2,246,634.22 | | | 0.0091699 |
| 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 | $ | 742,179,588.85 | | | 0.4700493 | | $ | 708,937,614.90 | | | 0.4489959 |
| | | | | | | | | | | |
| Pool Information | | | |
| Weighted Average APR | 4.878 | % | | 4.889 | % |
| Weighted Average Remaining Term | 41.51 | | 40.72 |
| Number of Receivables Outstanding | 29,091 | | 28,329 |
| Pool Balance | $ | 822,064,525.39 | | | $ | 786,516,952.26 | |
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 773,758,546.15 | | | $ | 740,516,572.20 | |
| Pool Factor | 0.4867757 | | 0.4657267 |
| | | |
VI. OVERCOLLATERALIZATION INFORMATION
| | | | | |
| Specified Reserve Balance | $ | 3,947,369.66 | |
| Yield Supplement Overcollateralization Amount | $ | 46,000,380.06 | |
| Targeted Overcollateralization Amount | $ | 77,579,337.36 | |
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 77,579,337.36 | |
| |
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 | |
| |
Ford Credit Auto Owner Trust 2024-C
Monthly Investor Report
| | | | | |
| Collection Period | May 2026 |
| Payment Date | 6/15/2026 |
| Transaction Month | 21 | |
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| | | | | | | | | | | | | | | | | |
| | | # of Receivables | | Amount |
| Current Collection Period Loss: | | | | | |
| Realized Loss (Charge-Offs) | | | 66 | | $ | 275,772.36 | |
| (Recoveries) | | | 46 | | $ | 124,902.22 | |
| Net Loss for Current Collection Period | | | | | $ | 150,870.14 | |
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | | | | | 0.2202 | % |
| | | | | |
| Prior and Current Collection Periods Average Loss: | | | | | |
| | | | | |
| Ratio of Net Loss to the Average Pool Balance (annualized) | | | | | |
| Third Prior Collection Period | | | | | 0.0847 | % |
| Second Prior Collection Period | | 0.8083 | % |
| Prior Collection Period | | | | | 0.1012 | % |
| Current Collection Period | | | | | 0.2251 | % |
| Four Month Average (Current and Prior Three Collection Periods) | | | | | 0.3048 | % |
| | | | | |
| Cumulative Loss: | | | | | |
| Cumulative Realized Loss (Charge-Offs) | | | 1,439 | | $ | 8,795,393.17 | |
| (Cumulative Recoveries) | | | | | $ | 1,232,831.26 | |
| Cumulative Net Loss for All Collection Periods | | | | | $ | 7,562,561.91 | |
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | | | | 0.4478 | % |
| | | | | |
| Average Realized Loss for Receivables that have experienced a Realized Loss | | | | | $ | 6,112.16 | |
| Average Net Loss for Receivables that have experienced a Realized Loss | | | | | $ | 5,255.43 | |
| | | | | |
| % of EOP Pool Balance | | # of Receivables | | Amount |
| Delinquent Receivables: | | | | | |
| 31-60 Days Delinquent | 1.00 | % | | 217 | | $ | 7,877,667.19 | |
| 61-90 Days Delinquent | 0.15 | % | | 32 | | $ | 1,177,847.71 | |
| 91-120 Days Delinquent | 0.02 | % | | 3 | | $ | 118,722.16 | |
| Over 120 Days Delinquent | 0.04 | % | | 9 | | $ | 353,129.30 | |
| Total Delinquent Receivables | 1.21 | % | | 261 | | $ | 9,527,366.36 | |
|
| Repossession Inventory: | | | | | |
| Repossessed in the Current Collection Period | | | 15 | | $ | 754,712.47 | |
| Total Repossessed Inventory | | | 35 | | $ | 1,673,796.54 | |
| | | | | |
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | | |
| Second Prior Collection Period | | | | | 0.1506 | % |
| Prior Collection Period | | | | | 0.1169 | % |
| Current Collection Period | | | | | 0.1553 | % |
| Three Month Average | | | | | 0.1409 | % |
| | | | | |
| 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 | | | | | 0.2097 | % |
| Delinquency Trigger Occurred | | | | | No |
Ford Credit Auto Owner Trust 2024-C
Monthly Investor Report
| | | | | |
| Collection Period | May 2026 |
| Payment Date | 6/15/2026 |
| Transaction Month | 21 | |
| | | | | | | | | | | | | | |
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount |
| | | | |
| 1 Month Extended | | | 79 | $2,963,475.85 |
| 2 Months Extended | | | 103 | $3,826,567.88 |
| 3+ Months Extended | | | 19 | $722,596.59 |
| | | | |
| Total Receivables Extended | 201 | $7,512,640.32 |
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