GMF has $3.7B for potential residual value declines
GM Financial is gearing up for potential losses on off-lease residual values as the extent of the COVID-19 economic crisis’ impact on the auto industry becomes apparent. As the coronavirus pandemic puts near-term pressure on used-vehicle values, GM Financial has a $3.7 billion economic cushion to absorb a potential depreciation in its off-lease vehicles, the […]
Already subscribed? Log in
