Ford Credit's EV Lease Woes: A Smaller Scale Crisis
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Ford Credits Electric Vehicle Lease Challenge: A Growing Concern for Fords Profits
Ford Credit, a significant revenue generator for Ford Motor Company, faces a potential profit hit due to a surge in off-lease electric vehicles (EVs) losing value faster than anticipated. While the situation is not as severe as the 2008 financial crisis, it could impact profits more than initially projected. The number of off-lease EVs is expected to peak in 2028 at nearly 800,000 units, accounting for 15% of all used off-lease cars by the end of 2026.
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