2023 Outlook and Advancing The Ford Plan: Electrification
Ford Credit
ā
Best-in-class finance company
is a strategic asset and
competitive advantage
FY EBT of $2.7B, down $2.1B,
reflecting lower credit loss and
lease residual reserve releases,
lower financing margin, and
lower lease return rates
.
Credit losses remain low;
Auction Values (Per Unit)*
$24,690
$22,230
$34,315 $34,170 $34,780
$31,740
$29,905
0.63%
U.S. Retail Loss-to-Receivables
0.37%
("LTR") Ratio (%)
0.25%
lll .....
0.07% 0.08%
Q4
2019
Q4
2020
Q4
2021
Q1
Q2
Q3
Q4
2022
Q4
2019
Q4
2020
Q4
Q1
Q2
Q3
Q4
2021
2022
delinquencies have normalized
to pre-pandemic levels, but
strong equity values have
resulted in low actual losses
.
Expect auction values to
continue to decline in 2023 as
the supply of new vehicle.
inventory improves
SECRET
EBT ($B)
Q4 EBT YoY ($B)
$1.1
$0.9
$0.9 $0.9
$0.6
$1.1
$(0.0)
$0.6
$(0.2)
$(0.2)
$0.2
$(0.3)
$0.2
$(0.2)
Q4
2019
Q4
2020
Q4
2021
Q1 Q2
Q3 Q4
Q4
2021
Vol. /
Mix
2022
Fin Credit Lease Other
Margin Loss Residual
Q4
2022
U.S. 36-month off-lease auction values at Q4 2022 mix
Ford
19View entire presentation