Ford Motor Credit’s total volume of units financed has declined 13.7% year over year to 70,793 units financed in July, according to AutoCount data from Experian. In a couple emblematic states, the captive’s volume decreased more than 30%.
In Texas, Ford Credit’s number of loans and leases financed dropped 31.3% to 5,979 units in June. Meanwhile, in New York, the captive’s volume dipped in 33% year over year to 4,147.
Moving south, Ford Credit’s finance volume fell 22.9% in Florida. The captive financed 3,743 units in June, compared with 4,860 in the prior-year period. On the West Coast, Ford Credit’s decline was more muted. The captive originated 3,723 loans and leases, down 6.8% year over year.
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