Finance Insurance

Ally makes a turn toward used market

Jeffrey Brown: "You've got to have an ability to move the metal."
May 02, 2016 05:00 AM
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Used up
Used-vehicle lending has grown sharply as a share of Ally Financial's loan originations. Here is the used-vehicle share of Ally's total loan originations in the first quarter of recent years. 2016: 45% 2015: 36% 2014: 30% 2013: 25% Source: Ally Financial

DETROIT -- Ally Financial, the No. 2 U.S. auto lender in the first quarter, is shifting more of its business toward the used-vehicle market with changes in its portfolio and its used-vehicle leasing program.

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