Ford Motor Credit Posts Highest Earnings Since 2010 | Auto Finance News | Auto Finance News

Ford Motor Credit Posts Highest Earnings Since 2010

Photographer: Daniel Acker/Bloomberg

Ford Motor Credit earned $801 million before taxes in the first quarter, notching a 25% year-over-year increase and the captive’s best results in nine years. “Ford Credit benefited from lower depreciation on vehicles in our leased portfolio and improvement in credit loss reserves, reflecting continued strength in consumer credit metrics,” said Bob Shanks, chief financial […]

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