Ford Credit earnings pressed by credit costs, falling auction values
2023 EBT fell to $1.3B, down from $2.4B
Ford Credit earnings before taxes saw pressure in 2023 as credit costs remained elevated and auction values dropped, even as its portfolio increased. The captive posted loan growth to end the year, with $82.3 billion outstanding, an increase of 6.2% year over year and 0.5% from the third quarter, the company reported in its fourth-quarter […]
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