GM Financial Offers First ABS of 2018

GM Financial started off the new year with the first auto ABS deal across the industry, and the securitization at $1.3 billion of prime loans is also the captive’s first public deal in the Consumer Auto Receivables shelf. Overall the Consumer Automobile Receivables pool is the fourth securitization of prime quality retail installment auto loan contracts […]
  • Emma Sandler
  • January 9, 2018
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GM Financial Joins Hyperledger to Test Blockchain

General Motors Financial Co. has joined as a general member of Hyperledger — an open-source collaborative effort from the Linux Foundation created to advance cross-industry blockchain technologies. Blockchain is the same technology used by cryptocurrencies such as bitcoin, and provides secure online data transfers by allowing sensitive financial data to be transmitted electronically without an […]
  • Emma Sandler
  • December 22, 2017
  • 1

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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How Captives Are Reacting to 6 Industry Trends

Captive financial companies are often at the forefront of technology as they are able to tap the manufacturer’s offers to deliver sales, and this year has been no exception. Buzz around autonomous cars has pushed captives to think more about mobility services, slowing sales have inspired companies to invest in alternative credit scoring models, and […]
  • William Hoffman
  • November 3, 2017
  • 2

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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5 Excellence Awards Presented at Summit

LAS VEGAS — Four companies and one industry executive were recognized for achievement in the auto finance sector at a special ceremony at the 2017 Auto Finance Summit on Thursday. Security Service Federal Credit Union and Ford Motor Credit Co. were presented Excellence Awards for their No. 1 ranks — for prime and nonprime/subprime, respectively […]
  • Emma Sandler
  • October 30, 2017
  • 0

GM Financial Defies Industry Headwinds in 3Q Earnings

General Motors Financial Co. continues to be the exception to the trends in the industry as the company reported growing originations and lower delinquencies and charge-offs, during its third-quarter earnings report yesterday. Retail loan originations and leases grew 12.7% and 6.5% year over year, respectively. GM Financial originated $4.6 billion worth of retail installment contracts […]
  • William Hoffman
  • October 25, 2017
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GM Financial Supports Growth With New Texas Service Center

General Motors Financial Co. is hosting a grand opening event on Thursday for its San Antonio service center, which will house up to 700 new jobs in the region, the company announced in a press release. The 100,000-square-foot facility has already added 200 jobs in the area, joining the other 8,000 employees GMF employs across […]
  • William Hoffman
  • October 17, 2017
  • 1

GM Financial Increases Credit Quality in Latest Securitization

Credit quality in General Motors Financial Co. securitization pools has been steadily climbing, according to a presale report by Moody’s Investors Service. GM’s latest ABS issuance — GM Financial Consumer Automobile Receivables Trust 2017-3  — is a $1 billion transaction backed prime retail installment auto loans, according to the report. “The credit quality of the collateral […]
  • Huixin Deng
  • September 28, 2017
  • 0
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