Lending News

GM Seeking To Try Its Luck At Banking Again

Taking another shot with new leadership in Washington.

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GM Financial CEO Dan Berce To Retire In April

He'll be replaced by CFO Susan Sheffield.

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New Car Buyers Borrowing More Money Than Ever Before

Despite interest rates going down, new car buyers are spending more per month.

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GM Financial Ranks First In J.D. Power 2024 U.S. Automotive Finance Digital Experience Study

Crushing the industry average.

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U.S. Federal Reserve Expected To Announce Interest Rate Cut Today

Investors expect another cut in December.

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Car Buyers Faced Longer Loan Terms, High Interest Rates In Q3 2024

Long loan terms and high monthly payments.

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Used Cars Under $20,000 Are Getting Rare, Study Finds

Both prices and mileage are up.

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Used Car Affordability Improving, Says Industry Analyst

The trend is likely to continue.

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Bloated Used Car Loans On The Rise In Q1 2023

Buyers are signing off on loans worth 125 percent the value of the vehicle.

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GM Financial Ranks Last In J.D. Power 2023 Canada Dealer Financing Satisfaction Study

Well below the segment average.

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Lordstown Motors In Need Of More Capital To Build Endurance Electric Pickup

GM owns a 5 percent stake in Lordstown Motors.

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GM Offering Subprime Financing Deal On Chevy Colorado In January

$1,500 down payment assistance and 10.9 percent APR for up to 72 months.

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GM Financial Ranks Low In J.D. Power 2020 U.S. Dealer Financing Satisfaction Study

The auto finance sector may be set for a shake-up in a post COVID-19 world.

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General Motors Sells Credit Card Business For $2.5 Billion

Goldman Sachs beat out Barclays in a bidding war for the business.

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General Motors Offering Financial Aid Program For Suppliers Amid Pandemic

Small suppliers can now receive payments from GM up front.

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Auto-Loan Delinquencies Of 90-Plus Days Hit 7 Million Americans

Subprime borrowers and those under the age of 30 have the highest percentage of delinquencies.

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GM Announces New Senior Unsecured Notes

The proceeds of the notes will be used to various corporate purposes.

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President Trump Signs Resolution To Overturn Auto Lending Regulation

The regulation was meant to bar discrimination in auto lending.

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General Motors CFO Chuck Stevens On Used Vehicle Pricing, Subprime Loans At GM Financial: Video

What would happen in case of another downturn?

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General Motors To Pay Down Unfunded Pension Debt With Senior Unsecured Notes

The notes are of 20 and 30 years in length, maturing in 2036 and 2046.

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GM Financial Selects San Antonio, Texas For New Servicing Center

The servicing center should be ready to go by early 2017.

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GM Financial Becomes Exclusive Source Of Buick-GMC Lease Incentives

The change took place on February 3, 2015.

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Ontario Sells Remaining Shares From General Motors Bailout

36.7 million shares were sold.

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Department Of Justice Subpoenas General Motors Financial

Did General Motors Financial violate the Financial Institutions Reform, Recovery, and Enforcement Act?

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Ally Offers Payment Deferral Program For GM, Chrysler Vehicles Owned By Sandy Victims

Ally seems to be living up to its name in this case.

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GM Secures $11 Billion Credit Line

Somebody is Opera rich...

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