Tag: Ally Financial

New-vehicle leasing continues to be a challenge for some automakers and financiers following expiration of the federal EV tax credit ...

Ally Financial’s auto originations grew year over year in the third quarter while the lender reported increased delinquencies and net-charge ...

Auto lenders have identified research as a core use of AI and automation but must be mindful that some tasks ...

The auto asset-backed securitization market picked back up this month after a short slowdown in issuance in late July.  Several ...

Bank of America Head of Consumer Vehicle Lending Tim Owens has retired, a company spokesperson confirmed to Auto Finance News.  Owens, who joined the bank in ...

Ally Financial, Capital One and Huntington Bank posted mixed results in the second quarter for auto originations and credit performance.   Ally Financial’s auto originations rose 20.9% year ...

Ally Financial’s auto originations rose in the second quarter, while consumer affordability pressures kept delinquencies elevated. Ally’s auto loan and ...

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 ...