EDGAR 10-K Filing

Company CIK: 1477336
Filing Year: 2025
Filename: 1477336_10-K_2025_0002035124-25-000020.json

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ITEM 1. BUSINESS
Item 1.
Business*

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ITEM 1A. RISK FACTORS
Item 1A.
Risk Factors*

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ITEM 1B. UNRESOLVED STAFF COMMENTS
Item 1B.
Unresolved Staff Comments

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ITEM 2. PROPERTIES
Item 2.
Properties*

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ITEM 3. LEGAL PROCEEDINGS
Item 3.
Legal Proceedings*

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ITEM 4. MINE SAFETY DISCLOSURE
Item 4.
Mine Safety Disclosures
Part II

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ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY
Item 5.
Market For Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities*

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ITEM 6. SELECTED FINANCIAL DATA
Item 6.
[Reserved]*

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ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS
Item 7.
Management’s Discussion and Analysis of Financial Condition and Results of Operations*

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ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
Item 7A.
Quantitative and Qualitative Disclosures About Market Risk*

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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Item 8.
Financial Statements and Supplementary Data*

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ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS
Item 9.
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure*

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ITEM 9A. CONTROLS AND PROCEDURES
Item 9A.
Controls and Procedures*

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ITEM 9B. OTHER INFORMATION
Item 9B. Other Information.
None.

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ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

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ITEM 11. EXECUTIVE COMPENSATION

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ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS

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ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

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ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES

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ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES
Item 15. Exhibit and Financial Statement Schedules.
(a) List the following documents filed as a part of the report:
(1) Financial Statements - Not Applicable.
(2) Financial Statement Schedules - Not Applicable.
(3) Exhibits
• Second Amended and Restated Limited Liability Company Agreement of Ally Auto Assets LLC, dated as of November 7, 2018.
• Indenture between Ally Auto Receivables Trust 2024-2 and U.S. Bank Trust Company, National Association, as Indenture Trustee, dated as of September 27, 2024.
• Trust Agreement between Ally Auto Assets LLC, as Depositor and BNY Mellon Trust of Delaware, as Owner Trustee and Paying Agent, dated as of September 27, 2024.
• Pooling Agreement between Ally Bank, as Seller, and Ally Auto Assets LLC, dated as of September 27, 2024.
• Rule 13a-14(d)/15d-14(d) Certification (Section 302 Certification).
• Report on Assessment of Compliance with SEC Regulation AB Servicing Criteria concerning activities of Ally Bank for the year ended December 31, 2024.
• Report on Assessment of Compliance with SEC Regulation AB Servicing Criteria concerning activities of U.S. Bank Trust Company, National Association for the year ended December 31, 2024.
• Registered Public Accounting Firm Attestation Report on Assessment of Compliance with applicable Servicing Criteria of Ally Bank dated March 12, 2025 for the year ended December 31, 2024.
• Registered Public Accounting Firm Attestation Report on Assessment of Compliance with applicable Servicing Criteria of U.S. Bank Trust Company, National Association dated February 27, 2025 for the year ended December 31, 2024.
• Servicer Compliance Statement of Ally Bank for the year ended December 31, 2024.
• Trust Sale Agreement between Ally Auto Assets LLC, as Depositor, and Ally Auto Receivables Trust 2024-2, as Issuing Entity, dated as of September 27, 2024.
• Custodian Agreement between Ally Bank, as Custodian, and Ally Auto Assets LLC, as Depositor, dated as of September 27, 2024.
• Administration Agreement among Ally Auto Receivables Trust 2024-2, as Issuing Entity, Ally Bank, as Administrator, and U.S. Bank Trust Company, National Association, as Indenture Trustee, dated as of September 27, 2024.
• Servicing Agreement among Ally Bank, as Servicer, Ally Auto Assets LLC, as Depositor, and Ally Auto Receivables Trust 2024-2, as Issuing Entity, dated as of September 27, 2024.
• Asset Representations Review Agreement among Ally Auto Receivables Trust 2024-2, as Issuing Entity, Ally Bank, as Sponsor, and Clayton Fixed Income Services LLC, as Asset Representations Reviewer, dated as of September 27, 2024.
• Securities Account Control Agreement among Ally Auto Receivables Trust 2024-2, as Issuing Entity, U.S. Bank Trust Company, National Association, as Indenture Trustee, and U.S. Bank National Association, as Securities Intermediary, dated as of September 27, 2024.