Ford Adjusting Loan Standards To Boost Sales As Delinquencies, Defaults On Rise

With 2017 sales down at Ford Motor Company 4.8% year to date basis last year – outpacing new car sales, which fell 2.1% over the first six months of 2017 – company executives were faced with a challenge: how to improve sales amid a cash-strapped middle-income consumer not spending as much. To boost their flagging fortunes, the company isn’t creating a better product or expanding its target market. Rather, they have decided to use machine learning to append credit standards, Dow Jones Newswire reported. The decision comes as Ford's own loan loss rate is rising and a Moody’s report points to auto loan delinquencies on the rise. What could go wrong?

[icahn]