As it continues to grow from General Motors’ former captive auto finance unit into an independent lender, Ally Financial says its business model has “evolved but it really hasn’t changed.”
How did this former captive exapand its auto business to become a dominant player in this increasingly competitive space? And what can other lenders learn from the company that has grown to be the nation’s top lender according to the latest Auto Finance News Big Wheels report.
Ally Financial, which secured a bank charter in 2008 so that it could get federal funds, now competes for business across all brands of cars, not just GM.
