AUBURN HILLS, Mich. –

Ford Credit’s repossession volume in the first quarter was steady sequentially, but dipped from year-ago numbers, while charge-offs increased in both comparisons, according to metrics from Ford’s 2014 Q1 fixed income presentation that Manheim Consulting chief economist Tom Webb shared on his blog.

The data set indicates repos were around 7,000 units in Q1, even with fourth-quarter numbers and down from 8,000 in the first quarter of 2013.

The repossession ratio was 1.12 percent for the quarter, compared to 1.14 percent in Q4 and 1.29 percent a year ago.

Meanwhile, excluding bankruptcies, the rate of over-60-day delinquencies for Ford Credit was at 0.16 percent in the first quarter, even with the prior quarter and down from 0.17 percent in the year-ago time frame.

Ford Credit noted $45 million in charge-offs for the quarter, up from $42 million in the fourth quarter and $34 million a year ago.  Loss-to-receivable numbers were at 0.35 percent in Q1, versus 0.33 percent in Q4 and 0.30 percent the same quarter of 2013.