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Ally Hits ABS Market With Second $1B Transaction

Ally Financial is bringing $1.12 billion in asset-backed securities to market in a deal that’s expected to close June 11, according to a presale report by S&P Global Ratings issued this week. The deal is Ally’s second this year, propping up the lender's ABS volume to $2.24 billion since January. Ally’s latest transaction consists of […]

Ally Boosts Used Financing to Offset Lower GM, Chrysler Penetration Rates in 3Q

Despite lower penetration rates financing General Motors and Chrysler vehicles, Ally Financial’s efforts to diversify originations kept volume consistent year over year, according to the lender’s third-quarter earnings. Ally’s penetration rates for General Motors and Chrysler were the lowest seen this year. GM’s penetration rate decreased to 5% compared with 7% during the same time […]