Disruptive Economy Offers ‘Big Role’ for Auto Lenders, GM Financial CEO Says [VIDEO]

Mobility and disruptive technology continue to develop in the automotive industry, and there’s a “big role” for auto finance companies in a disruptive economy, according to Dan Berce, president and chief executive of General Motors Financial Co. As General Motors Co. — GM Financial’s parent — takes more strides into emerging mobility and autonomous technologies, […]
  • Matthew Wood
  • February 1, 2018
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Vehicle Sales Fall for First Time in 7 Years

The sales downturn that lenders have been anticipating for some time has arrived. Manufacturers on Wednesday reported a decline of about 1.8 percent in 2017 new vehicle sales, to 17.2 million cars and light trucks, following a seven-year streak of growth. U.S. auto sales for 2018 are further forecasted to drop to 16.5 million units, according […]
  • Emma Sandler
  • January 4, 2018
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Electric Vehicle Credits Remain in 2017 Tax Reform Bill

A tax credit of up to $7,500 for electric vehicles survived in the final tax reform bill that was sent to President Donald Trump to sign, signaling a win for automakers. The House of Representatives bill originally struck the Obama-era provision as of Dec. 31, but the Senate version of the bill was ultimately the […]
  • Emma Sandler
  • December 21, 2017
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GM Financial Explores Options for Push Notifications Through OnStar

LAS VEGAS — General Motors Financial Co. is “in a discussion phase” to explore ways to utilize OnStar navigation and security systems to push notifications about payment information to borrowers, President and Chief Executive Dan Berce said. OnStar is a subsidiary of General Motors Co. and services 11 million customers globally. “With vehicles increasingly becoming […]
  • William Hoffman
  • November 14, 2017
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GM Financial Braces for Off-Lease Vehicle ‘Onslaught’ in 2018, CEO Says

LAS VEGAS — General Motors Financial Co. has sustained double-digit year-over-year loan and lease growth this year, however, depreciating used-vehicle values will create headwinds moving forward, said President and Chief Executive Dan Berce. “Our key goal for GMF is to survive the residual value onslaught as supply is going to keep through until 2019,” Berce […]
  • William Hoffman
  • November 6, 2017
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GM Captive to Finance OEM’s 2018 Self-Driving Manhattan Fleet

LAS VEGAS — General Motors Financial Co. will be the commercial lender for General Motors Co.’s new fleet of autonomous Chevrolet Bolts, which will be introduced onto the streets of Manhattan in early 2018, Auto Finance News has learned. The exclusive news came from the captive’s President and Chief Executive Dan Berce during a fireside […]
  • William Hoffman
  • October 31, 2017
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