Ally profit surges behind wave of auto originations

Ally's GM originations dropped 23 percent to $1 billion in the third quarter. (DAVID PHILLIPS)

October 16, 2020 07:04 PM

DETROIT — Ally Financial Inc.'s net income surged in the third quarter as the lender generated its highest level of auto loan and lease originations in five years.

Featured Stories

U.S. tariffs on imported vehicles are in effect, with parts duties following soon

What vehicle parts are now subjected to tariffs? Powertrain, suspension, safety and more

MSRP and dealers and finance, oh my! Why tariff price impacts may vary

Here’s our list of the 2025 Top 150 dealership groups

Latest News

Stellantis laying off nearly 1,000 workers in U.S. as tariffs pause production at some plants in Canada, Mexico

Daily 5 report for April 3: Stocks crash, job cuts emerge, costs rise as tariff chaos begins

Infiniti indefinitely stops crossover production in Mexico, citing Trump tariffs

Audi holding all vehicles delivered to U.S. ports after April 2

Staying current is easy with newsletters delivered straight to your inbox.

See More in Finance Insurance

Tesla Model Y, Model 3 still top popular EVs but Cybertruck slips

F&I managers should pitch every product

Asbury: FTC lacks quorum to operate after Trump fires 2 commissioners

Trump pushes for auto loan interest deductions for U.S.-made models

Staying current is easy with newsletters delivered straight to your inbox.