Ford Credit penetration rate hits 60% in Q1
Consumer outstandings increased 8% YoY to $84B
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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