More ▼ Home / Investors / Financial Information Download Fact Sheet PDF

Fact Sheet

December 2014 QUARTER


GM Financial (the "Company") is the captive finance company and a wholly-owned subsidiary of General Motors Company (“GM”) and is headquartered in Fort Worth, Texas.

In November 2012 GM Financial announced the acquisition of Ally Financial Inc.'s (Ally) international operations. The majority of those operations were closed on in 2013, with the remaining market, a 35% equity interest in a joint venture conducting auto finance operations in China, acquired in January 2015.

In the fourth quarter of 2014, GM Financial had operations in 19 countries, providing auto finance solutions to approximately 16,000 dealers worldwide and earning assets of $41 billion.


GM Financial has over 20 years of operating history in North America and decades as GM's captive in Europe and Latin America. 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.


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., Canada, Europe and Latin America, to ensure unparalleled customer service and reliable, consistent funding for our dealers.

Our retail loan products provide access to financing for consumers through GM dealers worldwide 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 wheel of a new GM vehicle in the U.S., Canada, Germany, and Mexico.

In an effort to further support our GM dealer partners, we offer commercial lending options to help finance floorplan inventory, real estate purchases and construction activities, and offer insurance coverage related to these commercial loans.


The following table summarizes our consumer and loan characteristics for the loans we originated in our North America segment during the quarter.

Dec 2014 Qtr Dec 2013 Qtr
Avg. Credit Bureau Score 500 – 700 500 – 700
Avg. Annual Income $70 – $112k $64 – $70k
Avg. Years at Present Employer 8 7
Avg. Years of Credit History 14 13
Avg. Homeowner 54% 41%
Avg. Loan Amount $24,100 $21,600
Avg. Down Payment 13% 12%
Avg. APR 10.6% 13.4%
Avg. Term (months) 70 71
GM New Vehicle % 37% 27%
Avg. Loan-to-Value (wholesale) 106% 108%
Avg. Mileage at Origination 26,700 miles 28,700 miles

Selected Financial and Operating Information


With $20.1 billion in total borrowing capacity on our committed warehouse credit facilities and $9.3 billion in available liquidity at December 31, 2014, we are well positioned to support our originations growth and product diversification strategies. Since 1994, in North America, we have executed over 100 securitization transactions and issued in excess of $85 billion of notes through our established securitization program to fund our loan originations.

(dollars, in millions)
North America (1) International (2) Total Co.
Earnings Before Tax $89 $33 $120 (3)
Ending Earning Assets $23,618 $17,186 $40,804
Total Originations (Loan & Lease) $4,002 $2,046 $6,048
GM as a % of Total Originations 69.3% 86.6% 75.2%
Annualized Net Credit Loss as a % of Avg. Consumer Finance Receivable 3.6% 0.8% 2.2%
Annualized Expense Ratio (excluding lease and acquisition expenses) 2.7% 3.8% 3.2%
Total Debt $37,431
Leverage (4) 6.5x

1. United States and Canada

2. Austria, Belgium, Brazil, Chile, Columbia, France, Germany, Greece, Italy, Mexico, the Netherlands, Portugal, Spain, Sweden, Switzerland, and the United Kingdom

3. Reflects net impact of intercompany allocations

4. Calculation consistent with GM/GMF Support Agreement