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Ford Credit logs record EBIT, high recovery on NCOs in Q2

$9M in recoveries on trend with industry lenders

Whitney McDonald

Ford Motor Credit recorded its highest ever quarterly earnings before taxes of $1.6 billion, contributing to a second-quarter distribution of $4 billion to Ford Motor Co.  Consumer loan and lease outstandings for U.S. and Canada clocked in at $82.3 billion for Q2, a 1.1% decrease year over year.   The captive also posted recoveries on net charge-offs amounting to 0.07% of its […]

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