Shift secures $100M floorplan facility from Ally Financial
Online used-car marketplace Shift Technologies has secured a $100 million floorplan facility from Ally Financial, effectively ending the company’s search ...
Tag: Ally
Q3 earnings results colored by supply shortages, origination growth
The bottom line for third quarter earnings performance at auto finance providers is this: blame supply chain constraints that are ...
Weekly Wrap: Q3 earnings highlight supply shortage, consumer demand
The third quarter is so far a tale of declining floorplan business and a robust growth in consumer auto sales. ...
Ally Financial posts highest Q3 auto originations in 15 years
Ally Financial again posted a 15-year quarterly record for auto originations in the third quarter, driven by high used-vehicle values ...
Ally Financial posts positive recovery on NCOs, surging lease yields in Q2
Reserve releases and record used-vehicle values fueled a positive recovery rate on net charge-offs at Ally Financial and boosted lease ...
AFRS: Consumer spending key metric to managing portfolios, execs say
As the industry continues to recover from the pandemic, auto lenders should keep a close eye on outside economic factors ...
Ally Financial clocks highest origination volume in five years
Ally Financial posted another record quarter in Q1 of 2021, with the highest origination volume in five years sourced from ...
Ally Financial closes year on high note
Ally Financial closed out 2020 with strong origination volume and positive credit performance despite COVID-19’s adverse impact on the industry. ...
