Ford Motor Credit wants to further reduce its reliance on the asset-backed market, according to Sam Smith, director of long-term funding and securitization.

Smith, who was speaking at a conference sponsored by the American Financial Services Association, noted that Ford funded 46% of its managed receivables in the term asset-backed market in the first quarter, down from 48% for full-year 2012. Ford expects this figure to range from 42% and 47% for the full-year 2013.

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