GM Financial originations grow 11% QoQ
The captive’s outstandings ticked up 8.6% YoY despite low inventory
GM Financial’s originations ticked up sequentially despite an industrywide slowdown in sales as new-vehicle inventory remains constrained and interest rates increase. Total loan originations clocked in at $9 billion, up 11.1% sequentially but declining 1.9% year over year, bringing the lender’s outstanding portfolio to $61.2 billion, up 8.6% YoY, according to Tuesday’s earnings release. General […]
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