U.S. Floorplan Risk Management

U.S. Lease Securitization Business Update Number of Leases Originated (000) 414 363 2014 Avg. # of Leases Outstanding (000) 145 135 125 115 105 95 704 401 394 377 2015 2016 2017 2018 841 975 1,006 1,018 Manheim Used Vehicle Value Index m Jan-96 Jan-98 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Jan-12 Jan-14 Jan-16 Jan-18 Source: Manheim Consulting, December 2018 (January 1996 = 104.3) 57 Ford FORD CREDIT . • • Ford Credit leasing, as a share of retail sales, remains below the industry Ford Credit works with Ford and Lincoln to set guidelines around leasing share, term, model mix and other factors to support brand value and sales Auction values stronger than expected and higher YoY

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