GM Financial Increases Originations Featured

By Staff Writer July 26, 2018

General Motors Financial Company Inc. announced net income of $442 million for the quarter ended June 30, compared to $62 million for the quarter ended June 30, 2017.


Retail loan originations were $6 billion for the quarter, compared to $5.1 billion for the quarter ended March 31 and $5.3 billion for the quarter ended June 30, 2017. The outstanding balance of retail finance receivables was $35.7 billion at June 30.


The outstanding balance of commercial finance receivables was $10.7 billion at June 30, compared to $10.4 billion at March 31 and $9.7 billion at June 30, 2017.


Retail finance receivables 31-60 days delinquent were 3.3 percent of the portfolio at June 30 and 3.4 percent at June 30, 2017. Accounts more than 60 days delinquent were 1.3 percent of the portfolio at June 30 and 1.5 percent at June 30, 2017.


Annualized net charge-offs were 1.7 percent of average retail finance receivables for the quarters ended June 30, 2018 and 2017.

Last modified on Thursday, 26 July 2018 12:54

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