general motors | Auto Finance News

General Motors Seen Tightening Integration With Captive Amid Leadership Changes

General Motors‘ latest executive management change appears to be part of a push for integration between the OEM and captive finance arm GM Financial, Jeremy Acevedo, Edmunds‘ manager of industry analysis, told Auto Finance News. Chief Executive Mary Barra is taking charge of GM Financial, according to several reports. GM’s President Dan Ammann, who had been overseeing […]

Nicole Casperson
December 7, 2018
Operations, Strategy

How General Motors’ Closings May Affect GM Financial

General Motors’ plans to close five North American plants, cut 15% of its staff, and halt the manufacture of several car models including the Cruz, raised questions from an Edmunds analyst about how the moves will affect GM Financial. On Nov. 26, the OEM said it was making the cuts to improve near-term performance and […]

Nicole Casperson
November 30, 2018
Innovation & Mobility, Operations, Strategy

Ally Boosts Used Financing to Offset Lower GM, Chrysler Penetration Rates in 3Q

Despite lower penetration rates financing General Motors and Chrysler vehicles, Ally Financial’s efforts to diversify originations kept volume consistent year over year, according to the lender’s third-quarter earnings. Ally’s penetration rates for General Motors and Chrysler were the lowest seen this year. GM’s penetration rate decreased to 5% compared with 7% during the same time […]

Nicole Casperson
October 29, 2018
Earnings, Strategy

At the Big 4, Incentive Spending Drops, Even as Sales Dip

Old truisms apparently do not apply to auto finance. At least for now. When car sales fall, generally captives counter with greater subvention. But after years of incentives marching higher, incentives are dipping. At the Big Four — Ford, General Motors, Fiat Chrysler Automobiles, and Toyota — the aggregate incentive per unit fell 1.9% to $4,150, […]

JJ Hornblass
October 25, 2018
Credit Performance, Risk, Sales & Marketing, Strategy

GM Ventures Alum Breaks Out on His Own With New Transportation VC

Sherwin Prior, managing director of GM Ventures since it was formed in 2010, has left the corporate venture in order to form his own transportation-focused venture firm called Blue Victor Capital. Prior left GM Ventures at the end of last month. While at GM, Prior helped the OEM invest in Turo, Lyft, and Cruise, as well as oversee […]

Emma Sandler
April 4, 2018
Innovation & Mobility, Technology

Auto Finance News The News That Drives the Industry

Tag Archives: general motors

General Motors Seen Tightening Integration With Captive Amid Leadership Changes

How General Motors’ Closings May Affect GM Financial

Ally Boosts Used Financing to Offset Lower GM, Chrysler Penetration Rates in 3Q

At the Big 4, Incentive Spending Drops, Even as Sales Dip

GM Ventures Alum Breaks Out on His Own With New Transportation VC

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