General Motors Financial Co. released its second-quarter earnings today. The company’s U.S. auto lease originations were up to $6.1 billion as of June 30, compared to $5.1 billion at the same time a year prior — a 16% increase — but down 6% from the previous quarter.
Retail loan originations were down slightly on a year-over-year basis at $2.5 billion in the first quarter, compared with $2.6 billion at the same time a year prior.
Delinquencies 30 to 60 days past due were down to 4.9%, from 5.9% at the same time a year prior, while annualized net charge offs were relatively unchanged at 2.3%, compared with 2.4% in the prior year period.
