GM Dealer Workbook - page 8

One size doesn’t fit all.
When it comes to subprime auto financing, GM Financial is the perfect fit. Auto finance
needs come in all shapes and sizes and it’s important to find the right fit for your
subprime customers.
The GM Financial Customer
A wide range of people, from office workers and professionals, to accountants
and business owners, rely on subprime financing. Many of GM Financial’s subprime
customers are individuals who have experienced financially challenging personal events
such as divorce, job loss, injury or illness.
Our Subprime Customer
*
Credit Bureau Score Range
500 - 800
Average Annual Income
$65 - $70 k
Average Years at Present Employer
7
Average Years of Credit History
13
Homeowner
44%
Average Loan Amount
$21,500
Average Down Payment
12%
Average Term (months)
70
Average Loan-to-Value (wholesale)
108%
New/Used Collateral
53% / 47%
Average Mileage at Origination
26,500 miles
Today, over 40% of Americans are in need of
subprime financing options. And, according to
A.T. Kearney’s 15th Annual Automotive Study
the economic downturn of 2008-2009 resulted
in an additional 15 million Americans being
classified as subprime.
U.S. Population
40%
**
SUBPRIME
*Credit characterization of GM Financial’s September 2012 quarter originations.
** Fico score distribution as of April 2010.
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