Weekly Wrap on Ford Credit debt exposure reduction, declining SAAR  

Last week, Ford Credit increased its purchase offer on outstanding debt securities to $3 billion as the industry forecasts declining vehicle sales in June, while interest rates rise and consumer sentiment and confidence decline.

Last week, Ford Credit increased its purchase offer on outstanding debt securities to $3 billion as the industry forecasts declining vehicle sales in June, while interest rates rise and consumer sentiment and confidence decline.  

New-vehicle sales are projected to slump year over year in June, with the retail seasonally adjusted annualized rate (SAAR) falling 2.3 million units to 11.3 million, according to a joint forecast from JD Power and LMC Automotive. That’s still an improvement from May’s figure of 10.9 million units, however, according to the forecast. 

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