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Finance Insurance

GM Financial's Q2 profit drops

GMC dealer
GM Financial's lease originations have plunged because of low new-vehicle stockpiles, which has led to fewer incentives to lease vehicles, the lender says. (DAVID PHILLIPS)
HL
By:
Hannah Lutz
August 03, 2022 02:46 PM

GM Financial's net income dropped 30 percent in the second quarter as the lender's lease portfolio continued to shrink and it reduced reserve levels from a year earlier.

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