December 2012 QUARTER
ABOUT GM FINANCIAL
General Motors Financial Company, Inc. (“GM Financial”) provides auto finance solutions through auto
dealers across the United States and Canada. GM Financial is a wholly-owned subsidiary of General Motors Company
(“GM”) and is headquartered in Fort Worth, Texas. GM Financial has approximately 3,800 employees in 17
credit centers and four customer service centers in the U.S. and Canada to service our 815,000 active customers.
GM Financial has approximately $16.2 billion in assets.
GM Financial has established a 20-year track record as a leader in the auto finance industry. Our management
team brings extensive experience, knowledge and understanding of the auto finance industry to meet the needs
of dealers and consumers.
Our expertise in managing credit risk and underwriting loans and leases is based on years of experience
analyzing consumer behavior and portfolio performance through various economic cycles.
Since 1994, we have executed over 80 securitization transactions issuing approximately $70 billion of notes
through our established securitization program to fund our loan originations.
We are dedicated to helping dealers increase vehicle sales by providing a broad spectrum of auto finance
solutions. GM Financial maintains a team of local sales and credit representatives, with credit centers
located in major markets throughout the U.S. and Canada, to ensure unparalleled customer service and reliable,
consistent funding for our dealers.
Our core subprime retail product provides access to financing for consumers with less than perfect credit
profiles though approximately 13,000 GM and non-GM dealers in the U.S.
Additionally, we provide a broad range of financing products for GM dealers including a full-credit spectrum
lease program to help consumers get behind the wheels of new GM vehicles in the U.S. and Canada.
In an effort to further support our GM dealer partners, we now offer commercial lending options to help finance
floorplan inventory, real estate purchases and construction activities, and offer insurance coverage related to
these commercial loans.
GM Financial is focused on meeting the fundamental auto finance needs of consumers by expanding the availability
of financing solutions to consumers.
We originated $1.2 billion of consumer loans and $265 million of GM leases during the December 2012 quarter,
compared to $1.2 billion of loans and $314 million of GM leases in the December 2011 quarter. The following
table shows our consumer and loan characteristics for the loans we originated during the quarter.
||DEC 2012 QTR
||DEC 2011 QTR
|Credit Bureau Score
||500 – 800
||500 – 800
||$65 – $70 k
||$60 – $65 k
|Years at Present Employer
|Years of Credit History
|GM New Vehicle %
||51% / 49%
||48% / 52%
|Mileage at Origination
Selected Financial and Operating Information
LIQUIDITY AND FUNDING
With ample capacity on our warehouse credit facilities and $2.9 billion in available liquidity at December 31, 2012,
we are well positioned to support our originations growth and product diversification strategies. We access the
asset-backed securitization market to permanently fund our loan originations.
|Consumer finance receivables
|Consumer finance receivables, net
|Leased vehicles, net
|Annualized operating expense ratio (1) (2)
|Annualized net credit losses
|Earning assets/ tangible equity (4)
(1) Calculated as a percent of average earning assets.
(2) Excludes depreciation on leased vehicles and restructuring costs.
(3) Liquidity includes unrestricted cash and available borrowing capacity on unpledged eligible receivables
and an available line of credit from GM.
(4) Earning assets include finance receivables, leased vehicles, and commercial finance receivables.