Weekly Wrap: Q3 earnings highlight supply shortage, consumer demand

Ally Financial and Citizens Bank reported third-quarter earnings this week

© Can Stock Photo / Fahroni

The third quarter is so far a tale of declining floorplan business and a robust growth in consumer auto sales. At Ally Financial, for one, floorplan fell 8.4% YoY and 2.4% from the second quarter to $7.6 billion. Floorplan is expected to be down through at least the end of this year, and likely into […]

Already subscribed? Click below.

Exit mobile version