Here you will find news and information about General Motors’ captive finance arm, GM Financial.
Poor showings in the Captive Mass Market segment and Lease segment.
GM Financial is doing well at retaining existing customers.
More than 2,000 Massachusetts residents may be eligible for compensation.
GM Financial made a lot of money selling off-lease vehicles and repossessions.
Custom customer experience specific to the luxury brand.
Falling short in two segments.
Participating GM dealers will get priority.
Serving more than 400,000 customers in the country.
The chip shortage has affected new-vehicle availability.
The captive finance arm also paid $0.6 billion in dividends to GM during the quarter.
Ahead of Chrysler Capital, but behind Ford Credit.
Rumor has it GM is interested in applying for a new banking charter.
Interesting times ahead for The General and its captive finance arm.
The automaker acquired AmeriCredit in 2010.
The captive finance arm ranked above average in the mass market and last among luxury brands in the 2020 J.D. Power U.S. Consumer Financing Satisfaction Study.
GMSV stores are already open for business.
Goldman Sachs beat out Barclays in a bidding war for the business.
Supplementing between $15 and $16 billion in cash that GM expects to have on hand at the end of March.
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