Quarterly Financial Results
U.S. Lease
Metrics
+ Lease return rates increased 5 Pts.
sequentially; we expect return
rates to increase in 2023 as new
and used vehicle inventory
improves
+ Auction values decreased 9% YoY
and increased 3% sequentially
10
70
Lease Placement Volume (000)
■24-Month
■36-Month
67
■39-Month / Other
Lease Return Volume (000)
and Return Rates (%)
Ford
21
11
62
10
51
46
44
42
37
38
13
12
32
76%
12
7
41
61%
7
24
25
17
26
20
20
16
12
9 9 9
23%
18%
11%
9%
11%
11
13
8
8
4
5
Q1
Q1
Q1
Q2
Q3
Q4
Q1
Q1
Q1
2020
2021
2022 2022 2022
2022 2023
2020
Q1
2021 2022 2022 2022 2022
Q2
Q3
Q4
Q1
2023
31%
Lease Share
of Retail Sales (%)
Industry*
Ford Credit
Off-Lease Auction Values
(36-month, at Q1 2023 Mix)
26%
19%
$26,960
17%
19%
16%
16%
$22,980
22%
16%
14%
13% 12%
11%
9%
$34,410 $35,080
$32,040
$31,185
$30,235
Q1
Q1 Q1
2020 2021 2022
Q2
2022
Q3
Q4
Q1
2022 2022
2023
Q1
2020
Q1 Q1 Q2 Q3 Q4 Q1
2021 2022 2022 2022 2022 2023
Source: J.D. Power PIN
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