GM Financial net income up 10.6% YoY in 2025

Core Insights - GM Financial reported a decline in retail loan and lease originations in Q4 2025, attributed to an industry sales slowdown and reduced incentives [1][4] - Despite the decline in originations, GM Financial achieved a net income of approximately $2.1 billion for the full year, marking a 10.6% increase compared to 2024 [3] - The share of U.S. retail loans from GM Financial dropped to 31% in Q4 2025 from 43% in Q4 2024, influenced by the type and level of incentive programs [5] Financial Performance - GM Financial's net income for Q4 2025 was $460 million, more than double the amount from Q4 2024 [3] - Total originations for GM Financial in Q4 2025 were $12.6 billion, down 18.9% year-over-year, while total originations for the year were $55.9 billion, a slight decrease of 0.3% [4] - Year-to-date originations after three quarters in 2025 were $43.2 billion, reflecting a 6.9% increase compared to the same period in the previous year [4] Dealer Insights - An increase in off-lease returns available for dealers was reported, providing more opportunities for resale at retail [2][6] - Off-lease units, averaging three years old, tend to command premium prices and are often sold as Certified Pre-Owned (CPO) vehicles [7] - The decline in lease originations was noted, driven by lower retail sales and a decrease in EV lease share following the expiration of tax credits [5]