Dan Berce, CEO of GM Financial, said the period of record-low delinquencies and credit losses for bad loans for the industry is just about over. "It's clear this trend has peaked," he said.
For example, Berce said his company expects a rise in delinquencies in 2013 for itself and probably for the auto finance industry in general. But he said the predicted increase was not a cause for concern.
"You have to put everything in historical perspective," he said in a Feb. 14 conference call with investors. The delinquency rate in "2012 was extraordinarily low," he said. "If they're higher in 2013, they will still be extraordinarily low."