Ford says US car repossessions down in Jan., Feb.

Newswire

NEW YORK, March 23 (Reuters) - A Ford Motor Co. unit on Tuesday said car repossessions fell in January and February, in the latest sign that consumer credit quality is starting to improve. Ford Motor Credit Co., the finance arm of the nation's second-largest car maker, repossessed 18,000 cars in January from people who didn't make their monthly payments, down from 19,000 in the same month last year, and 15,000 cars in February, down from 17,000 a year before, Ford said at an investor ...

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