Ford revenues rose $3.2bn year-on-year to $38.1bn in the third quarter of 2015 as pre-tax profits jumped $1.5bn to $2.7bn.
Ford Credit also grew, with pre-tax profits up $43m to $541m. According to Ford, growth came from favourable volumes and model mix, reflecting primarily higher consumer finance receivables in all geographic segments, and higher leasing in North America.
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The US manufacturer said: "Ford Credit’s origination practices remain consistent and its balance sheet is strong. Ford Credit is a strategic part of Ford that provides world-class financial services to our dealers and customers."
The majority of Ford’s revenue ($23.7bn) came from North America, which experienced what Ford described as its ‘best year ever’. Ford said it expected the final quarter to also be very strong in this market.
In Europe, Ford revenues grew slightly ($0.1bn) to $7bn. The manufacturer managed to improve its profit/loss ratio for the continent compared to the third quarter 2014, though still posted a pre-tax loss of $182m.
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