GMF sets aside $3.7B for potential residual value declines | Auto Finance News

GM Financial is gearing up for potential losses on off-lease residual values as the extent of the COVID-19 economic crisis’ impact on the auto industry becomes apparent. The coronavirus pandemic is putting near-term pressure on used-vehicle values, sparking GMF to set aside a $3.7 billion cushion to absorb a potential depreciation in its off-lease vehicles, […]