Experian: Ally Financial No. 1 in Consumer, Dealer Auto Financing for Second Year
Ally Financial ranked No. 1 in consumer auto sales financing for the second year running, according to AutoCount by Experian Automotive. In 2012, Detroit-based Ally Financial financed roughly 1.5 million new and used cars through franchised and independent dealers.
The lender had nearly $39 billion in consumer auto loans and $32.5 billion in commercial auto assets outstanding at the end of last year. It does business with nearly 15,000 dealers nationwide.
Ally Financial is in the process of making a “diversified, dealer-centric business model” that focuses on the U.S. auto industry, something that will be further strengthened by finalizing the sales of its international operations throughout 2013. As a way to broaden its reach and increase service to dealers, Ally will hire 200 sales and underwriting staff members this year.
Used-vehicle financing and leasing made up 46% of Ally’s auto contract originations in 2012, a year-over-year increase of 14%.
Experian Automotive reports Department of Motor Vehicles registration information from all U.S. states except Wyoming, Delaware, Rhode Island, and Oklahoma.
