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SEARCHDEARBORN, Mich.--Ford Motor Credit Co. reported a net income of $688 million in the first quarter of 2004. This is a $246 million increase over last year. Pre-tax earnings totaled $1.1 billion, compared to $727 million one year ago.
DEARBORN, Mich.--Ford Motor Credit Co. reported a net income of $688 million in the first quarter of 2004. This is a $246 million increase over last year. Pre-tax earnings totaled $1.1 billion, compared to $727 million one year ago.
The company attributes the gain to improved credit loss performance, higher used vehicle prices and low interest rates.
"We're making great progress on all our key business drivers," said Chairman and CEO Greg Smith. "You can see the results of that in record earnings this quarter."
The increasingly important profit center continued making gains in the first quarter, according to StoneEagle data, ancillary products proving more popular as consumers hold onto their buys longer.
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For dealer-owned reinsurance entities, avoiding volatility entirely can mean falling behind inflation and missing market rebounds that drive long term surplus growth. Missing just a handful of strong market days can materially impact cumulative returns—an important reminder for long horizon trust and investment strategies.
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In this video, Ryan Ruff explains the rule that elite sales professionals use to turn ordinary conversations into unforgettable customer experiences.
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More consumers and businesses are opting for all-season options for various reasons as safety, sustainability and convenience push practical change.
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It’s time to take the next digital step to free F&I managers to handle the most challenging aspects of customer meetings.
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Some of it should be given to the customer, but that doesn’t mean the F&I office relinquishes the process. In fact, a different approach both builds trust and boosts sales.
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Talk to F&I customers like you’d talk to a friend, without industry lingo or sales-like questions, and use hard proof to show, not tell, them about a need.
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