Ally Financial’s floorplan outstandings rise 46% from Q3

Ally Financial’s floorplan outstandings grew in the fourth quarter as the lender gained momentum in a rising rate environment. While Ally’s fourth-quarter floorplan outstandings increased 46% sequentially, reaching $11.1 billion, floorplan was 34% lower year over year. The Q4 growth is credited to the lender’s addition of short duration and sensitive assets, including Ally Lending […]