Ally says the auto-lending party isn't over just yet
The Detroit company’s first-quarter results were highlighted by a 14% increase in car-loan originations. While executives expect credit quality to start normalizing, they also say that demand for vehicles will remain robust, with an estimated 4 million-5 million consumers still waiting on the sidelines.
Jeffrey Brown John Hecht While Ally Financial Financial Officer Jenn Laclair Fair Square Consumer Banking
Source: americanbanker.com