Ally Financial’s auto originations rose in the first quarter in tandem with a jump in application volume and improved credit performance. Auto originations increased 12.8% year over year to $11.5 billion, up 6.5% quarter over quarter, according to the bank’s April 17 earnings supplement. Originations activity reported in Q1 has been mixed, with Chase Auto and CarMax Auto Finance reporting a dip in volume and U.S. Bank and Wells Fargo reporting an increase. “We remain disciplined in […]
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