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To: RGF

http://media.gm.com/content/dam/Media/gmcom/investor/2016/feb/earnings/GM-2015-Q4-Chart-Set.pdf

Looks like a success story to me.


6 posted on 02/03/2016 11:13:37 AM PST by DonaldC (A nation cannot stand in the absence of religious principle.)
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To: DonaldC

Look again:

http://www.zerohedge.com/news/2015-07-11/risky-loans-are-driving-us-auto-sales-3-charts

In Q4 2014, the average LTV (loan to value) for used vehicles hit 137%.

Average loan term for new cars is now 67 months - a record.
Average loan term for used cars is now 62 months - a record.
Loans with terms from 74 to 84 months made up 30% of all new vehicle financing - a record.
Loans with terms from 74 to 84 months made up 16% of all used vehicle financing - a record.
The average amount financed for a new vehicle was $28,711 - a record.
The average payment for new vehicles was $488 - a record.
The percentage of all new vehicles financed accounted for by leases was 31.46% - a record.

Today, almost 20 percent of all auto loans are given to individuals with credit scores below 620


7 posted on 02/03/2016 12:33:41 PM PST by ChildOfThe60s (If you can remember the 60s, you weren't really there....)
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