Ally Financial Inc. will become the preferred finance source for Mitsubishi Motors North America, Inc. (MMNA) in the U.S., replacing the brand’s captive finance company, Mitsubishi Motors Credit of America, Inc., the lender announced today.
“Ally is committed to the success of our OEM and dealer relationships, and is continually looking for opportunities to strengthen those interactions with premium product offerings, best-in-class service and innovative ideas,” Tim Russi, president of Auto Finance for Ally, said in a press release. “We are pleased that Mitsubishi Motors North America has chosen to place its trust in Ally to support its retail sales growth plans and improved customer experience.”
Through the agreement, Ally will provide its “premium services and comprehensive product offerings, including retail and lease financing, wholesale financing, remarketing and insurance offerings,” at all of Mitsubishi’s dealerships across the U.S., according to the release.
“Mitsubishi Motors has seen resurgence in sales with five quarters of year-over-year sales increases. We have accomplished this by bringing new models to market and, in large part, thanks to a loyal dealer network that has stayed with us during good times and bad. We are excited about our new models and the promise they bring,” Don Swearingen, executive vice president MMNA, said in the release. “As we pursue our growth plans in this dynamic landscape, we are pleased to have a financial partner like Ally that can support us with the products and services that our dealers need and that will be integral to our success.”
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