GMF has $3.7B for potential residual value declines | Auto Finance News GMF has $3.7B for potential residual value declines | Auto Finance News
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GMF has $3.7B for potential residual value declines

Nicole Casperson and Joey Pizzolato by Nicole Casperson and Joey Pizzolato
May 6, 2020
in Earnings, Risk Management
Reading Time: 2min read

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 […]

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Tags: auto financeauto leaseCoronavirusearningsfirst quartergeneral motorsGMGM FinancialPremiumresidual values
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