Weekly Wrap on Ford Credit, CAC earnings
Release Date:
Ford Credit’s U.S. and Canada outstandings climbed 1.7% sequentially but remained down 3.9% YoY at $77.5 billion in Q4. The captive does not expect to pay distributions to Ford Motor in 2023 on the heels of an 82% YoY decline in earnings before taxes amid a dip in financing margin along with lower credit loss and lease residual releases.
Weekly Wrap on Ford Credit, CAC earnings