Ford Credit profitability declines amid high funding costs

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Ford Credit’s consumer portfolio grew in the second quarter while credit performance remained steady and lower financing margins drove down profits. U.S. consumer loan and lease outstandings clocked in at $79.3 billion in Q2, up 1.7% sequentially and 3.3% year over year, according to the captive’s earnings presentation Thursday. Leases made up 16% of total […]





Source : AutoFinanceNews