U.S. Floorplan Risk Management
32
32
100%
95%
90%
85%
80%
2012-A
2012-B
2012-C
2012-D
U.S. Retail Securitization
Securitization Pool Metrics
% Subvened-APR Receivables
70%
65%
60%
55%
50%
45%
40%
35%
2012-B
2012-A
2012-C
2012-D
2013-A
2013-B
2013-C
2013-D
2014-A
2014-B
2014-C
2015-A
2015-B
2015-C
2016-A
2016-B
2016-C
2017-A
Weighted Average Loan-to-Value (LTV)
2013-A
2013-B
2013-C
2013-D
2014-A
Ford FORD CREDIT
2014-B
2014-C
2015-A
2015-B
2015-C
2016-A
2016-B
2016-C
2017-A
2017-B
2017-C
2018-A
2018-B
2017-B
2017-C
2018-A
2018-B
100%
80%
60%
40%
20%
0%
2012-A
2012-B
2012-C
2012-D
2013-A
% of Contracts > 60 Month Original Term
2013-B
2013-C
2013-D
2014-A
2014-B
2014-C
2015-A
2015-B
2015-C
2016-A
2016-B
2016-C
2017-A
2017-B
2017-C
2018-A
2018-B
Commentary
Ford marketing programs, with subvened rates as low as 0% for
72 months, have influenced the composition of recent pools
- Subvened APR receivables increased through 2016 but have
been lower since then
- Increased mix of contracts with original term > 60 months
- Higher LTVs reflect a higher mix of subvened APR receivablesView entire presentation