DEARBORN, Mich., and FORT WORTH, Texas — Both General Motors
Financial and Ford Motor Credit posted gains in third-quarter net income,
according to reports the companies shared Tuesday and this morning.

The company that posted a higher year-over-year increase was
GM Financial, which said its third-quarter net income came in at $124 million,
up from $109 million a year earlier.

During the nine-month span that wrapped up Sept. 30, GM
Financial tabulated that its net income was $373 million, compared to $282
million for the first nine months of last year.

The company determined its consumer loan originations were
$1.5 billion for the third quarter, an amount flat against the previous quarter
and up slightly from the year-ago period when GM Financial posted $1.4 billion.

Through nine months, GM Financial's consumer loan
originations totaled $4.4 billion, up from last year's figure during the span
of $3.8 billion

Officials said the outstanding balance of consumer finance
receivables totaled $10.9 billion as of Sept. 30.

The company went on to highlight that lease originations of
GM vehicles were $299 million for the third quarter. The amount represented a
rise from a year earlier when the GM Financial generated $189 million in
leases. However, the figure represented nearly a $100 million drop
quarter-over-quarter as GM Financial posted $394 million in leases during the
timeframe that ended June 30.

Despite the dip, GM Financial's lease originations for the first
nine months of this year are much higher than a year ago. So far, the company has
$1.1 billion in leases on the books, compared to $672 million through the first
three quarters of last year.

The company added net leased vehicles totaled $1.6 billion as
of the close of the third quarter.

Moving on with its third-quarter performance, GM Financial
said its consumer finance receivables 31-to-60 days delinquent constituted 5.2 percent
of the portfolio. A year earlier the level stood at 4.7 percent.

The company's accounts more than 60 days delinquent came in
at 1.9 percent of the portfolio compared to 1.7 percent a year earlier.

GM Financial noted annualized net credit losses were 2.5
percent of average consumer finance receivables for the quarter compared to 3.0
percent for the third quarter of last year.

For the nine months that ended Sept. 30, GM Financial's
annualized consumer net credit losses were 2.2 percent compared to 3.1 percent
last year.

Finally, GM Financial computed that it had total available
liquidity of $3.1 billion at the close of the third quarter. That figure consisted
of $1.8 billion of unrestricted cash, approximately $1.0 billion of borrowing
capacity on unpledged eligible assets and $300 million on a line of credit from
GM.

Ford Motor Credit Q3 Performance

On Tuesday, Ford Motor Credit reported net income of $355
million for the third quarter compared with $350 million a year earlier.

On a pre-tax basis, Ford Credit said it earned $393 million
in the third quarter, compared with $581 million a year earlier.

Officials explained net income in the third quarter includes
a favorable, one-time, non-cash item from the release of a valuation allowance
against certain deferred tax assets in South America.  They said the decrease in pre-tax earnings is
more than explained by fewer lease terminations, which resulted in fewer
vehicles sold at a gain, lower financing margin, and the non-recurrence of
credit loss reserve reductions.

"We remain on track for solid full-year results, and
credit-loss performance continues to be in line with historical lows," Ford
Credit chairman and chief executive officer Mike Bannister said. "We are
pleased to continue our consistent and profitable support of Ford Motor Company
sales."

As of Sept. 30, Ford Credit's net receivables totaled $85
billion, compared with $83 billion at year-end 2011. Managed
receivables stood at $87 billion as of the close of the third quarter, up from
$85 billion on Dec. 31.

Ford Credit indicated that its managed leverage was 8.0 to 1
as of Sept. 30, compared with 8.3 to 1 at the close of 2011.

The company distributed $300 million to its parent in the
third quarter and $600 million in the first nine months of this year.

Ford Credit now expects full year pre-tax profit of about
$1.6 billion and total distributions to its parent of about $600 million. 

The company continues to project managed receivables at
year-end to be in the range of $85 billion to $90 billion.