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GM Financial Receivables and Transactions (Tables) - GM Financial

3 Months Ended

Mar. 31, 2025

Finance Receivables [Line Items]

Schedule of GM Financial Receivables

			March 31, 2025																		December 31, 2024
			Retail						Commercial(a)						Total						Retail						Commercial(a)						Total
GM Financial receivables			$	76,995					$	16,623					$	93,618					$	76,066					$	19,228					$	95,294
Less: allowance for loan losses			(2,479)						(88)						(2,567)						(2,400)						(58)						(2,458)
GM Financial receivables, net			$	74,516					$	16,536					$	91,052					$	73,667					$	19,169					$	92,836
Fair value of GM Financial receivables utilizing Level 2 inputs															$	16,536																	$	19,169
Fair value of GM Financial receivables utilizing Level 3 inputs															$	75,840																	$	74,729

__________

(a)Commercial finance receivables include dealer financing of $16.1 billion and $18.6 billion, and other financing of $519 million and $604 million at March 31, 2025 and December 31, 2024. Commercial finance receivables are presented net of dealer cash management balances of $3.2 billion and $3.4 billion at March 31, 2025 and December 31, 2024. Under the cash management program, subject to certain conditions, a dealer may choose to reduce the amount of interest on its floorplan line by making principal payments to GM Financial in advance.

Schedule of Allowance for Loan Losses

			Three Months Ended
			March 31, 2025						March 31, 2024
Allowance for loan losses at beginning of period			$	2,458					$	2,344
Provision for loan losses			328						204
Charge-offs			(479)						(405)
Recoveries			250						213
Effect of foreign currency			9						(1)
Allowance for loan losses at end of period			$	2,567					$	2,355

Schedule of Intercompany Transactions

The following tables show transactions between our Automotive or Cruise segments and GM Financial. These amounts are presented in GM Financial's condensed consolidated balance sheets and statements of income.

			March 31, 2025						December 31, 2024
Condensed Consolidated Balance Sheets(a)
Commercial finance receivables due from GM consolidated dealers			$	261					$	279
Commercial finance receivables due from Cruise			$	—					$	395
Subvention receivable from GM(b)			$	542					$	360
Commercial loan funding payable to GM			$	110					$	100

			Three Months Ended
			March 31, 2025						March 31, 2024
Condensed Consolidated Statements of Income
Interest subvention earned on finance receivables			$	367					$	335
Leased vehicle subvention earned			$	415					$	364

__________

(a)All balance sheet amounts are eliminated upon consolidation.

(b)Our Automotive segments made cash payments to GM Financial for subvention of $704 million and $777 million in the three months ended March 31, 2025 and 2024.

Retail Finance Receivables

Finance Receivables [Line Items]

Schedule of Finance Receivables Credit Quality

The following tables are consolidated summaries of the retail finance receivables by FICO score or its equivalent, determined at origination, for each vintage of the retail finance receivables portfolio at March 31, 2025 and December 31, 2024:

			Year of Origination																																				March 31, 2025
			2025						2024						2023						2022						2021						Prior						Total						Percent
Prime – FICO score 680 and greater			$	7,142					$	22,001					$	14,108					$	8,508					$	4,659					$	2,322					$	58,740					76.3		%
Near-prime – FICO score 620 to 679			1,029						3,311						2,017						1,347						936						502						9,142						11.9		%
Sub-prime – FICO score less than 620			970						3,197						1,881						1,385						992						687						9,113						11.8		%
Retail finance receivables			$	9,141					$	28,510					$	18,006					$	11,240					$	6,586					$	3,511					$	76,995					100.0		%

			Year of Origination																																										December 31, 2024
			2024						2023						2022						2021						2020						Prior												Total						Percent
Prime – FICO score 680 and greater			$	24,155					$	15,814					$	9,749					$	5,424					$	2,559					$	366											$	58,067					76.3		%
Near-prime – FICO score 620 to 679			3,547						2,227						1,507						1,077						473						159												8,990						11.8		%
Sub-prime – FICO score less than 620			3,399						2,059						1,546						1,141						543						322												9,008						11.8		%
Retail finance receivables			$	31,101					$	20,100					$	12,802					$	7,642					$	3,575					$	847											$	76,066					100.0		%

Schedule of Retail Finance Receivables Delinquency

The following tables are consolidated summaries of the delinquency status of the outstanding amortized cost of retail finance receivables for each vintage of the portfolio at March 31, 2025 and December 31, 2024, as well as summary totals for March 31, 2024:

			Year of Origination																																				March 31, 2025												March 31, 2024
			2025						2024						2023						2022						2021						Prior						Total						Percent						Total						Percent
0-to-30 days			$	9,115					$	27,942					$	17,420					$	10,750					$	6,228					$	3,253					$	74,707					97.0		%				$	71,225					97.3		%
31-to-60 days			25						404						419						357						269						193						1,667						2.2		%				1,463						2.0		%
Greater-than-60 days			1						143						146						121						83						62						556						0.7		%				482						0.7		%
Finance receivables more than 30 days delinquent			26						547						566						478						351						255						2,223						2.9		%				1,945						2.7		%
In repossession			—						21						20						13						7						3						65						0.1		%				60						0.1		%
Finance receivables more than 30 days delinquent or in repossession			27						568						585						491						359						259						2,288						3.0		%				2,005						2.7		%
Retail finance receivables			$	9,141					$	28,510					$	18,006					$	11,240					$	6,586					$	3,511					$	76,995					100.0		%				$	73,230					100.0		%

			Year of Origination																																				December 31, 2024
			2024						2023						2022						2021						2020						Prior												Total						Percent
0-to-30 days			$	30,581					$	19,411					$	12,207					$	7,178					$	3,350					$	710											$	73,438					96.5		%
31-to-60 days			374						481						425						340						166						99												1,885						2.5		%
Greater-than-60 days			128						188						155						115						55						36												677						0.9		%
Finance receivables more than 30 days delinquent			502						669						580						455						221						135												2,562						3.4		%
In repossession			17						19						14						10						3						2												66						0.1		%
Finance receivables more than 30 days delinquent or in repossession			519						689						595						464						225						136												2,628						3.5		%
Retail finance receivables			$	31,101					$	20,100					$	12,802					$	7,642					$	3,575					$	847											$	76,066					100.0		%

Commercial Finance Receivables

Finance Receivables [Line Items]

Schedule of Finance Receivables Credit Quality

The following tables summarize the dealer credit risk profile by dealer risk rating at March 31, 2025 and December 31, 2024:

			Year of Origination(a)																																										March 31, 2025
Dealer Risk Rating			Revolving						2025						2024						2023						2022						2021						Prior						Total						Percent
I			$	13,523					$	94					$	288					$	177					$	352					$	221					$	247					$	14,901					92.5		%
II			645						2						28						12						11						7						1						705						4.4		%
III			428						2						8						6						14						24						15						498						3.1		%
IV			1						—						—						—						—						—						—						1						—		%
Balance at end of period			$	14,598					$	97					$	323					$	194					$	377					$	253					$	263					$	16,104					100.0		%

__________

(a)Floorplan advances comprise 99.3% of the total revolving balance. Dealer term loans are presented by year of origination.

			Year of Origination(a)																																										December 31, 2024
Dealer Risk Rating			Revolving						2024						2023						2022						2021						2020						Prior												Total						Percent
I			$	16,190					$	321					$	209					$	360					$	237					$	267					$	22											$	17,606					94.5		%
II			621						—						10						26						3						2						—												663						3.6		%
III			305						10						4						—						22						—						12												354						1.9		%
IV			1						—						—						—						—						—						—												1						—		%
Balance at end of period			$	17,117					$	331					$	223					$	385					$	263					$	269					$	35											$	18,623					100.0		%

__________

(a)Floorplan advances comprise 99.5% of the total revolving balance. Dealer term loans are presented by year of origination.

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