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January 23, 2017 - Industry News

Ford Credit Invests in Online Car-Buying Platform

The captive announced a new connection to San Francisco-based AutoFi, which provides a platform that allows customers to purchase and finance a new vehicle via the dealership’s website.

Tags: AutoFi, digital retailing, F&I products, Ford Credit, Online Buying

April 14, 2016 - Industry News

Ford Credit Now Offering 84-Month Financing

In a dealer bulletin obtained by F&I and Showroom, Ford Motor Credit announced the availability of 84-month financing on new retail and subvented rate contracts. The bulletin urges dealers to consider the negative impacts of longer term loans.

Tags: 84-Month Auto Loans, auto finance, F&I office, Ford Credit, Long Loan Terms, new-vehicle financing

January 26, 2016 - Industry News

Two Auto Finance Veterans Join SpringboardAuto.com’s Board of Directors

Former executives of Capital One and Ford Motor Credit Co. have joined the board of SpringboardAuto.com, a new direct-to-consumer auto loan platform launched by the former founder of CarFinance Capital.

Tags: auto finance, Capital One Auto Finance, CarFinance Capital, Ford Credit, Jim Landy, John Noone, SpringboardAuto.com, Steve Linehan

December 1, 2015 - Industry News

Lincoln, Ford Captives Rank Highest in Customer Satisfaction, J.D. Power Reports

The firm’s annual Consumer Financing Satisfaction Study showed that Lincoln Financial Services led the way in the luxury segment, while Ford Credit ranked highest in the mass market segment.

Tags: auto finance, captive finance, Ford Credit, J.D. Power and Associates, Lincoln Automotive Financial Services

July 9, 2015 - Industry News

Ford Credit Pilots Peer-to-Peer Car Sharing

Mark Fields, Ford president and CEO, discusses the company's Ford Smart Mobility plan at the annual Further with Ford trends conference in June.

Ford Motor Credit is offering peer-to-peer car sharing through a pilot program in six U.S. cities and London. The program will allow Ford Credit customer to rent their vehicle to prescreened drivers for short-term use, offsetting monthly vehicle ownership costs.

Tags: Car-Sharing, Finance, Ford Credit, Ford Motor Co.

October 25, 2012 - Industry News

Ford Credit’s Bannister to Retire; Silverstone Named Successor

Mike Bannister will retire as Ford Motor Credit Company’s chief executive on Jan. 1. His replacement will be Bernard Silverstone.

Tags: Bernard Silverstone, CEO, Chairman, Ford Credit, Mike Bannister

August 2, 2012 - Industry News

GM Financial Realizes Profit Increase, Ally Slowed by ResCap

GM Financial reports second-quarter profit gains, while Ally Financial’s profitable auto-lending segment is weighed down by the company’s mortgage business.

Tags: Ally Financial, Ford Credit, GM Financial, Residential Capital

January 31, 2012 - Industry News

Ford Motor Credit Earns $1.8 Billion Net Income in 2011

Ford Motor Credit Company reported net income of $1.8 billion in 2011, compared with $2 billion a year earlier. On a pre-tax basis, Ford Credit earned $2.4 billion in 2011, compared with $3.1 billion in the previous year.

Tags: Ford Credit

November 17, 2011 - Industry News

Ford Motor Credit Appoints New COO

Ford Motor Credit appointed Bernard Silverstone as the company’s new COO. Silverstone is a 32-year veteran of the company and currently serves as the captive’s president of marketing and sales.

Tags: Finance, Ford, Ford Credit

November 8, 2011 - Industry News

Ford Credit Launches Lincoln-Branded Captive

Ford Motor Credit Company announced the launch of Lincoln Automotive Financial Services (LAFS), a new captive established to serve Lincoln customers.

Tags: captive finance, F&I products, Ford, Ford Credit, Lincoln, Lincoln Automotive Financial Services

November 1, 2011 - Industry News

Ford Credit President Appointed AFSA Chair

The American Financial Services Association announced that John Noone, Ford Motor Credit Company president, was appointed AFSA 2011-2012 chair.

Tags: American Financial Services Association, Ford, Ford Credit

July 26, 2011 - Industry News

Ford Credit Performing Well Despite Earnings Decrease, Say Officials

Company officials partially attribute Ford Motor Credit Company’s $173 million decrease in earnings to reductions in credit loss reserves and other expenses, the company reported today.

Tags: Credit, Finance, Ford Credit

May 17, 2011 - Industry News

Ally Financial Largest U.S. Auto Finance Company, Report Finds

Ally Financial seized on a market buoyed by new loan originations to claim the title of largest auto finance company in the United States in 2010, according to the new Auto Finance Big Wheels annual ranking of car lenders and lessors.

Tags: Ally Financial, American Honda Finance, Bank of America, BMW Financial Services, Chase Auto Finance, Ford Credit, Nissan Motor Acceptance Corp., Santander Consumer USA, Toyota Financial Services, Wells Fargo

April 26, 2011 - Industry News

Ford Posts $466 Milllion Profit Increase, Ford Credit Earnings Down

Ford Motor Company today reported first quarter 2011 net income of $2.6 billion, an increase of $466 million from first quarter 2010 as fuel-efficient new products, continued investment in global growth and the strengthening of Ford’s core business boosted results.

Tags: Ford, Ford Credit

February 1, 2011 - Industry News

Ford Credit Reports Preliminary Earnings of $2 Billion in 2010

Ford Motor Credit Company reported net income of $2 billion in 2010, an improvement of $0.7 billion from earnings of $1.3 billion a year earlier.

Tags: Ford, Ford Credit

December 15, 2010 - Industry News

Ford Appoints New Head of Investor Relations, <br/> Names New Ford Credit CFO

Ford Motor Company has named K.R. Kent, currently chief financial officer of Ford Motor Credit Company, to the newly created position of executive director of investor relations.

Tags: Ford, Ford Credit

October 26, 2010 - Industry News

Ford Reports Record 3Q Profit

Ford Motor Co. reported record third-quarter net income of $1.69 billion and said it will pay down its debt faster than planned.

Tags: Ford, Ford Credit

July 27, 2010 - Industry News

Ford and Captive Finance Unit Report 2Q Profits

Ford Motor Company and Ford Motor Credit both reported second-quarter profits last week, improving on the results from the year-ago period.

Tags: Ford, Ford Credit

April 27, 2010 - Industry News

Ford Credit, Ford Motor Report Strong 1Q Earnings

Ford Motor Company and its finance arm, Ford Motor Credit Company, reported first-quarter profits today, but company executives remained cautious about the auto industry’s overall recovery.

Tags: Ford, Ford Credit

February 2, 2010 - Industry News

Ford Kicks Off 2010 With 24 Percent Sales Increase

Higher sales for every brand and in every product category propelled Ford to a 24 percent sales increase in January versus a year ago.

Tags: Ford, Ford Credit

January 12, 2010 - Industry News

Fitch Raises Ratings on Ford, Ford Motor Credit

Fitch Ratings has upgraded the issuer default rating for Ford Motor Company and Ford Motor Credit Company to 'B-' from 'CCC'; the outlook remains positive.

Tags: Fitch Ratings, Ford, Ford Credit, TALF

November 3, 2009 - Industry News

Ford Credit Earns $427 Million in 3Q

Ford Credit reported net income of $427 million in the third quarter, an increase of $332 million from earnings of $95 million a year earlier.

Tags: Ford Credit

August 20, 2009 - Industry News

Ford Motor Credit Marks 50th Anniversary

Ford Motor Credit Company celebrated Friday its 50th anniversary. It was incorporated as Ford Motor Company's financing subsidiary on Aug. 20, 1959, dedicated to supporting Ford, its dealers and its customers.

Tags: Ford Credit

July 28, 2009 - Industry News

Ford Credit Earns $413 Million in 2Q

Ford Motor Credit Company reported net income of $413 million in the second quarter of 2009, an improvement of $1.8 billion from a net loss of $1.4 billion a year earlier.

Tags: Ford Credit

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