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Ford Credit penetration rate hits 60% in Q1

Consumer outstandings increased 8% YoY to $84B

Joey Pizzolato

Ford Credit’s finance penetration rate soared in the first quarter as finance margin improved and credit performance continued to normalize. Financing penetration on Ford Motor sales hit 60% in Q1, up from 48% year over year, according to the captive’s earnings presentation. Ford Motor sold 508,083 vehicles in the quarter, according to the OEM. U.S. […]

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