General Motors Financial Co.sold $2 billion of auto loans to at least one investor in a private deal last quarter, a rare case of the auto lending giant turning to non-public markets to get financing, according to people familiar with the matter.
The sale was overseen by Goldman Sachs Group Inc. The automaker sold off loans made to prime, or financially stable, borrowers, said the people, who asked not to be identified discussing sensitive information.
Spokespeople for GM Financial and Goldman Sachs declined to comment.
GM sold individual loans at a time when investors have a growing appetite ...
