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Home » GM Financial originations surge 34% YoY in Q1 2021

GM Financial originations surge 34% YoY in Q1 2021

The captive continues to see record low retail net charge-offs fueled by government stimulus and improved recovery rates

Joey PizzolatobyJoey Pizzolato
May 13, 2021
in Earnings
Reading Time: 2 mins read
0
GM Financial originations surge 34% YoY in Q1 2021

Photographer: Daniel Acker/Bloomberg

GM Financial ratcheted up North American retail origination volume 34% year over year to $7.6 billion in the first quarter of 2021, pushing its total ending earning assets over the $100 billion mark. Origination growth was fueled by higher General Motors vehicle sales, a higher retail penetration rate and higher average amount finance, President and […]

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