Auto lenders are facing higher losses tied to lease terminations, especially as electric vehicles come off lease with lower-than-expected residual values. Ally Financial accelerated its lease depreciation rates after losing $10 million on lease terminations in the first quarter, largely tied to plug-in hybrid vehicles, Chief Financial Officer Russ Hutchinson said during the bank’s April 17 earnings call. This follows $11 million of lease termination losses in Q4 2025, Hutchinson […]
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