1987 – Year of the shrinking market?
David Robison, vice president treasurer of Chrysler Financial Corporation, will have $1.2 billion of term debt maturing next year, and refinancing that will be a priority.
Beyond that, Chrysler Financial’s funding needs may well be increasing. That’s largely due to the success of its consumer finance and commercial leasing subsidiaries, which have both been growing at a rate of around 20% a year. In 1987, these should bring in something between $700 and 800 million in new receivables.
The big question is what kind of growth or otherwise there will be in auto finance for Chrysler in 1987.
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