Subprime Squeezed as Auto-Lender Costs Increase

Subprime Squeezed as Auto-Lender Costs Increase

Dado Galdieri/Bloomberg

A pedestrian walks over the General Motors Co. (GM) logo at the company's Sao Caetano do Sul manufacturing facility in Sao Caetano, Brazil. GM Financial has issued $4 billion of asset-backed bonds this year, up from $3.3 billion during the same period in 2012, according to data compiled by Bloomberg.