Auto Finance News is pleased to announce Dan Berce, president and chief executive at GM Financial, has been named the fifth annual Auto Finance Executive of the Year.
Berce, who has been at the helm of AmeriCredit since 2005 and GM Financial since 2010, when General Motors acquired the subprime lender following the credit crisis, has stayed the course on the captive’s value proposition, driving year-over-year origination growth every quarter this year in a market that has been defined by pullback — or outright exit — from auto lending.
“We didn’t build [GM Financial] in rapid form,” Berce told Auto Finance News. “This was an evolution that took place over a decade ago from a subprime platform to being a full-fledged captive.”
In fact, GM Financials’ managed portfolio has grown 5.2% YoY to $115 billion as of Sept. 31, according to the lender’s earnings supplement.
The Auto Finance Executive of the Year is chosen through nominations submitted by members of the industry and the senior editorial team at Auto Finance News. Executives are considered based on experience, leadership, company performance, vision and innovation. Past winners include Ally Financial‘s Doug Timmerman, Capital One Auto Finance‘s Ravi Ragu, Ford Credit‘s Marion Harris, and Bank of America‘s Fabien Thierry.
