GM Financial Boosts Profits Featured

By Staff Writer August 07, 2019

General Motors Financial Company Inc. announced net income of $403 million for the quarter ended June 30, compared to $271 million for the quarter ended March 31, and $442 million for the quarter ended June 30, 2018.

Retail loan originations were $7.1 billion for the quarter, compared to $7.2 billion for the quarter ended March 31, and $6 billion for the quarter ended June 30, 2018.

Accounts more than 60 days delinquent were 1.2 percent of the portfolio at June 30, and 1.3 percent at June 30, 2018. Annualized net charge-offs were 1.4 percent of average retail finance receivables for the quarter ended June 30, and 1.7 percent for the same period last year.

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Last modified on Wednesday, 07 August 2019 13:04

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