Ford captive sees leasing drive ahead

Ford Motor Credit ended 2015 by reporting 9% full-year growth in US loan and lease originations, plus higher overall volume and a record- low repossession rate for the fourth quarter of the year.

The origination volume for full year 2015 closed at 1.3 million contracts, while the fourth quarter volume hit 303,000, up 6.3% year-over-year. The repossession rate was the lowest fourth quarter on record, and matched the record low of 0.98% recorded in Q2 2014.