General Motor’s Financials third-quarter net income increased from $109 million last year to $124 million this year. For the year, net income was $373 million through September, well over the $282 million it had earned for the same three quarters in 2011.
From the second quarter, consumer loan originations remained stable floating at around $1.5 billion. Through the first ninth months of 2012, $4.4 billion in originations were generated. On a less-than-positive note, delinquencies have been rising as well with sixty-day delinquencies increasing from 1.7% of the portfolio to 1.9%, while 31-to-60-day delinquencies reached 5.2% from 4.7% for the same period in 2011.