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

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 […]

Get Auto Finance News Premium for as low as $8 per week!

Start your free one week trial today for access to the latest industry news and trends.

Subscribe

Latest Magazine Issue
Sign Up Email List