100,000-Plus Lease Returns for Ford Credit Through Q2
Ford Credit’s lease return volume this year has already eclipsed the 100,000-unit mark, with the second-quarter tally showing a substantial year-over-increase.
That’s according to statistics from Ford Motor Co.’s Q2 fixed income conference call that Manheim chief economist Tom Webb posted to his blog late last week.
The data sets put Ford Credit’s quarterly lease return volume around 50,000 units for Q2, up from 27,000 in the year-ago period.
This year-over-year increase occurred despite a sequential decrease from the 60,000-unit lease return volume in the first quarter of 2014.
And consider this: year-to-date off-lease volume for Ford Credit is now in the neighborhood of 110,000 units, just through six months. For full-year 2013, it was around 114,000.