CSIMarket
 
Ford Motor Credit Company Llc  (F1)
Other Ticker:  
 
    Sector  Financial    Industry Professional Services
   Industry Professional Services
   Sector  Financial
 
Price: $0.0000 $0.00 %
Day's High: 0.00 Week Perf:
Day's Low: $ 0.00 30 Day Perf:
Volume (M): 0 52 Wk High: $ 0.00
Volume (M$): $ 0 52 Wk Avg: $0.00
Open: $0.00 52 Wk Low: $0.00



 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) -
 Employees 6,800
 Revenues (TTM) (Millions $) 24,347
 Net Income (TTM) (Millions $) 1,324
 Cash Flow (TTM) (Millions $) 275
 Capital Exp. (TTM) (Millions $) 0

Ford Motor Credit Company Llc
Ford Motor Credit Company LLC was incorporated in Delaware in 1959 and converted to a limited liability company in 2007. We are an indirect, wholly owned subsidiary of Ford Motor Company (“Ford”). Our principal executive offices are located at One American Road, Dearborn, Michigan 48126, and our telephone number is (313) 322-3000.

Products and Services. We offer a wide variety of automotive financing products to and through automotive dealers throughout the world. The predominant share of our business consists of financing Ford and Lincoln vehicles and supporting the dealers of those brands. We earn our revenue primarily from:

Payments made under retail installment sale and lease contracts that we originate and purchase;

Interest rate supplements and other support payments from Ford and affiliated companies; and

Payments made under dealer financing programs.

As a result of our financing activities, we have a large portfolio of finance receivables and operating leases which we classify into two segments: “consumer” and “non-consumer.”

Finance receivables and operating leases in the consumer segment include products offered to individuals and businesses that finance the acquisition of Ford and Lincoln vehicles from dealers for personal and commercial use. Retail financing includes retail installment sale contracts for new and used vehicles and direct financing leases for new vehicles to retail and commercial customers including leasing companies, government entities, daily rental companies, and fleet customers.

Finance receivables in the non-consumer segment include products offered to automotive dealers, and receivables purchased from Ford and its affiliates. We make wholesale loans to dealers to finance the purchase of vehicle inventory (floorplan financing), as well as loans to dealers to finance working capital and improvements to dealership facilities, finance the purchase of dealership real estate, and finance other dealer vehicle programs. We also purchase receivables from Ford and its affiliates, primarily related to the sale of parts and accessories to dealers, receivables from Ford-related loans, and certain used vehicles from daily rental fleet companies.

We also service the finance receivables and leases we originate and purchase, make loans to Ford affiliates, and provide insurance services related to our financing programs.

Geographic Scope of Operations and Segment Information. We conduct our financing operations directly and indirectly through our subsidiaries and affiliates. We offer substantially similar products and services throughout many different regions, subject to local legal restrictions and market conditions. We divide our business segments based on geographic regions: North America (“North America Segment”) and International (“International Segment”). The North America Segment includes our operations in the United States and Canada. The International Segment includes our operations in all other countries in which we do business directly and indirectly.

Overview and Purchasing Process

We provide financing services to customers for personal and commercial use through automotive dealers that have established relationships with us. Our primary business consists of originating and purchasing retail installment sale and lease contracts for new and used vehicles from Ford and Lincoln dealers. We report in our financial statements the receivables from customers under installment sale contracts and certain leases with fleet customers as finance receivables. We report in our financial statements most of our retail leases as net investment in operating leases with the capitalized cost of the vehicles recorded as depreciable assets.

In general, we purchase from dealers retail installment sale contracts and lease contracts that meet our purchase standards. These contracts primarily relate to the purchase or lease of new vehicles, but some are for used vehicles. Dealers typically submit customer applications electronically. We automatically obtain information on the applicant including a credit bureau score, if available. We evaluate each credit application, the applicant, the terms of the proposed contract, credit bureau information, proprietary risk score, and other information and decide whether to purchase the contract. Purchase decisions are made within a framework of Ford Credit’s purchase quality guidelines and risk factor guidelines. Credit applications are typically evaluated by our electronic decisioning process, which may approve or reject applications.

Retail Financing

The amount we pay for a retail installment sale contract is based on a negotiated vehicle purchase price agreed to between the dealer and the retail customer, less vehicle trade-in allowance or down payment from the customer and special marketing cash payments offered by Ford Credit and Ford, plus any additional products, such as insurance and extended service plans, that are included in the contract. The net purchase price owed by the customer typically is paid over a specified number of months with interest at a fixed rate negotiated between the dealer and the retail customer. The dealer may retain a limited portion of the finance charge.

We offer a variety of retail installment sale financing products. In the United States, retail installment sale contract terms for new vehicles range primarily from 24 to 75 months. The average original term of our retail installment sale contracts in the United States was 64 months and 62 months for contracts purchased in 2015 and 2014, respectively. A small portion of our retail installment sale contracts have non-uniform payment periods and payment amounts to accommodate special cash flow situations. We also offer a retail balloon product in Europe under which the retail customer may finance a vehicle with an installment sale contract with a series of monthly payments followed by paying the amount remaining in a single balloon payment. The customer can satisfy the balloon payment obligation by payment in full of the amount owed, by refinancing the amount owed, or by returning the vehicle to us and paying additional charges for excess mileage as well as excess wear and use, if any. Generally, we sell vehicles returned to us to Ford dealers and non-Ford dealers through auctions.

In most markets, we hold a security interest in the vehicles purchased through retail installment sale contracts. This security interest provides us certain rights and protections. As a result, if our collection efforts fail to bring a delinquent customer’s payments current, we generally can repossess the customer’s vehicle, after satisfying local legal requirements, and sell it at auction. The customer typically remains liable for any deficiency between net auction proceeds and the defaulted contract obligations, including any repossession-related expenses. We generally require retail customers to carry fire, theft, and collision insurance on financed vehicles.

We offer leasing plans to retail customers through our dealers. Our highest volume retail-leasing plan is called Red Carpet Lease, which is offered in the United States and Canada through dealers of Ford and Lincoln brands. Under these plans, dealers originate the leases and offer them to us for purchase. Upon our purchase of a lease, we take ownership of the lease and title to the leased vehicle from the dealer. After we purchase a lease from a dealer, the dealer generally has no further obligation to us in connection with the lease. The customer is responsible for properly maintaining the vehicle and is obligated to pay for excess wear and use as well as excess mileage, if any. At the end of the lease, the customer has the option to purchase the vehicle for the price specified in the lease contract, or return the vehicle to the dealer. If the customer returns the vehicle to the dealer, the dealer may buy the vehicle from us or return it to us. We sell vehicles returned to us to Ford and non-Ford dealers through auctions.

The amount we pay to a dealer for a retail lease, also called the acquisition cost, is based on the negotiated vehicle price agreed to by the dealer and the retail customer, less any vehicle trade-in allowance or down payment from the customer and special marketing cash payments offered by Ford Credit and Ford, plus any additional products, such as insurance and extended service plans, that are included in the contract. The customer makes monthly lease payments based on the purchase price less the contractual residual value of the vehicle, plus lease charges. Some of our lease programs, such as our Red Carpet Lease Advance Payment Plan, provide certain pricing advantages to customers who make all or some monthly payments at lease inception or purchase refundable higher mileage allowances. We require lease customers to carry fire, theft, liability, and collision insurance on leased vehicles. In the case of a contract default and repossession, the customer typically remains liable for any deficiency between net auction proceeds and the defaulted contract obligations, including any repossession-related expenses.

We conduct insurance underwriting operations primarily through TARIC in the United States and Canada and through various other insurance subsidiaries outside the United States and Canada. TARIC offers a variety of products and services, including:


Physical damage insurance coverage for Ford Credit financed vehicles at dealer locations;

Physical damage insurance coverage for Ford and Lincoln vehicles in transit between final assembly plants and dealer locations;

Contractual liability insurance on extended service contracts for Ford and its affiliates; and

Commercial automobile and general liability insurance and surety bonds for Ford in the United States.



   Company Address: One American Road Dearborn, 48126 MI
   Company Phone Number: 322-3000   Stock Exchange / Ticker: NYSE F1
   


Customers recorded net loss Customers recorded net loss



• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
AIG   -0.72%    
ALLY   -0.37%    
COF   -2.85%    
F        0.58% 
GM        4.11% 
WFC        0.28% 
• View Complete Report
   



Ford Motor Credit Company Llc

Ford Motor Credit Company LLC Shatters Expectations with Astonishing $279M Tax Benefit Boosting Earnings

The fiscal fourth quarter results for Ford Motor Credit Company LLC are nothing short of impressive, with the company reaching balanced books and a significant increase in revenue. The company saw a remarkable surge in revenue by 55.308%, reaching $6.41 billion compared to $4.13 billion in the same period last year. This growth is particularly notable when compared to the 7.43% overall business rise in the Professional Services industry.
One of the key factors contributing to this success was the $279 million tax benefit that the company received. This, combined with improving profit margins, led to a net margin of 8.72% and an operating margin of 84.72% in the fourth quarter of 2023. Additionally, operating earnings rose by an impressive 112.24% to $5429 million.

Ford Motor Credit Co Llc

Ford Motor Credit Co Llc Sees $6.13 Billion in Revenue, Displaying Modest Growth Amidst Mixed Performance in Q3 2023

Ford Motor Credit Co Llc, the financial services branch of Ford Motor Company, had a mixed performance in the third quarter of 2023. While the company experienced a moderate increase in revenue, reaching breakeven, its business growth fell below the industry average in terms of increase. However, compared to the previous reporting season, there was a slight growth in revenue and a decrease in net profits.
During the third quarter of 2023, Ford Motor Credit Co Llc achieved a revenue rise of 1.98% to $6.13 billion compared to the same period in the previous year. This is a positive sign for the company, as it shows a modest growth in sales. However, this growth was lower compared to the overall Professional Services industry, which saw an average increase of 8.00% during the same time frame.

Ford Motor Credit Co Llc

F1 Delivers Stellar Financial Performance for the Fiscal Term Ending June 2023; Ford Motor Credit Co LLC Reports Significant Revenue Growth



Ford Motor Credit Co LLC, the financing arm of Ford Motor Company, recently released its financial results for the second quarter of 2023. The company achieved break-even earnings per share, compared to the same period last year. Despite the challenging economic conditions caused by the COVID-19 pandemic, Ford Motor Credit Co LLC experienced a significant increase in revenue, showcasing its resilience during uncertain times. This article will provide a balanced and informative overview of the company's earnings, revenue growth, operational performance, and future expectations.
Earnings Performance:
In the second quarter of 2023, Ford Motor Credit Co LLC reported break-even earnings per share, illustrating stability when compared to the previous year. However, it is worth noting that earnings decreased by -72.63% from $1,045.000 million in the corresponding period a year before. While this decline might raise concerns, it is important to consider the broader economic impact of the pandemic on the automotive industry.

Ford Motor Credit Co Llc

Ford Motor Credit Co Llc Reports Decreased Revenue for Q1 2023 Earnings, But Shows Signs of Recovery

Ford Motor Credit Co Llc is a subsidiary of Ford Motor Company, established in 1959 to offer automotive financing services. The company's primary mission is to offer credit-related products and services to consumers, dealers, and commercial clients in the automotive industry. The company provides financing for auto loans, leasing options, and other financial products and services.
The recent financial results of Ford Motor Credit Co Llc for the first quarter of 2023 show that the return on equity (ROE) has declined compared to the previous quarter, despite net income growth during the same period. The company's ROE of 5.37% is also below its average ROE of 16.94%. However, the overall ranking of the company's ROE has improved this quarter, indicating a potential path to recovery.






 

Ford Motor Credit Llc's Segments
 
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Ford Motor Credit Llc does not provide revenue guidance.

Earnings Outlook
Ford Motor Credit Company Llc does not provide earnings estimates.

 
Geographic Revenue Dispersion




Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com