Equibles does not estimate personal net worth.
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Get GM alertsDan Berce is recorded as CEO at General Motors Co (GM). Dan Berce has spoken on 4 earnings calls across 1 company, most recently for General Motors Co on July 23, 2024. General Motors Co is classified in the Auto Manufacturers industry within the Consumer Cyclical sector. Other leadership on record at General Motors Co includes John P. Stapleton (CFO), Craig B. Glidden (General Counsel), Grant M. Dixton (General Counsel) and 7 others.
“Regarding the first part of your question about the increase in the lower end of our guidance, we had a strong first half at GMF, earning $1.6 billion, which positions us well to achieve a range of $2.75 billion to $3 billion.”
“Pre-pandemic, our net losses ran in the 1.5% range. So they're less than half of that now at 70 basis points. For several years running now, our portfolio is skewed more and more to prime consumers, and that's defined as 680-plus FICOs.”
“So really, on a regular basis, we take a granular approach to analyzing our portfolio by product, term, credit tier, structure, structure meaning payment to income LTV and many other views.”
“So we earned $5 billion pretax last year. And our guide for 2022 is $3.5 billion to $4 billion. So, we do see a tail off in earnings. Now the first quarter was quite strong.”
Auto Manufacturers · Consumer Cyclical
CEO
