GM Financial is celebrating 90 years of operations in Mexico, where it consolidates its position as one of the leading automotive financing companies in the Latin American country. The automaker’s financial branch has a longer history than GM’s own subsidiary in Mexico, which celebrated 85 years of activities in September 2020.
During its nine-decade presence in the Mexican market, the organization known today as GM Financial Mexico has operated under various names and sub-brands. The company currently provides financial solutions to more than 400,000 customers in Mexico through four brands: Chevrolet Servicios Financieros, Buick Financial Services, GMC Financial Services and Cadillac Financial Services.
“This is an important year for GM Financial,” said Senior Director of Sales, Marketing and Insurance at GM Financial Mexico, Albert Diaz Leal, in a statement. “We reaffirm our commitment to Mexican families in offering the broadest and more innovative portfolio of financial products that adapt to their needs and facilitate the acquisition of a vehicle the Chevrolet, Buick, GMC and Cadillac brands,” he added.
To celebrate its first 90 years in the country, GM Financial is offering plans with terms of up to 90 months for its four brands in Mexico. The subsidiary thus becomes the first company to finance a new vehicle for such period lengths in Mexican automotive industry. The plans are in effect for a limited time for Chevy, GMC, Buick and Cadillac vehicles.
Founded in 1931, GM Financial Mexico was originally established as a financial institution under the name General Motors Acceptance Corporation de México, S.A. GM Financial currently is the leading automotive finance company in the Mexican market and its main offices are located in the city of Monterrey. It employs more than 380 people.
GM Financial Mexico will continue to celebrate its 90th anniversary throughout the year, offering a wide range of solutions for the purchase of new and used vehicles and fleets, adapted to the needs of each customer profile. Its services constitute a fundamental pillar for the sale of high-volume vehicles for GM in Mexico, particularly Chevy models in the A and B segments.