4 ms·
It used to be quite common; at various times in its history you can make the argument Ford sold cars at a loss to help Ford Credit sell profitable car loans. Ev
by giobox 5y ago
It used to be quite common; at various times in its history you can make the argument Ford sold cars at a loss to help Ford Credit sell profitable car loans. Even today, Ford Credit (loans/leases etc) is responsible for about 50% of Ford's annual profits:
> https://en.wikipedia.org/wiki/Ford_Motor_Credit_Company https://en.wikipedia.org/wiki/Ford_Motor_Credit_Company
There have been quite a few years Ford made more profit as a "bank" than they did from making and selling the cars. If you get a new Ford from a dealer and request finance/lease options, its pretty typical for Ford Credit to provide the backing.