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Ford Credit lease penetration falls to 12% in Q3

Finance penetration declined to 38%, portfolio grew

Amanda Harris

Ford Credit‘s portfolio grew in the third quarter despite a dip in finance penetration of Ford Motor sales and a decline in lease share. The captive’s earnings before taxes increased in the quarter reflecting “favorable performance in our derivatives, healthy financing margins and a supportive used vehicle pricing environment,” Ford Chief Financial Officer Sherry House […]

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