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Ally Teams With DealerTrack to Expand Retail Financing in Canada

April 19, 2011

TORONTO — Ally Financial Inc. and DealerTrack Canada Inc., a subsidiary of DealerTrack Holdings Inc., today announced that Ally Credit Canada Limited has been added to the DealerTrack Canada network of more than 6,000 Canadian dealers.

"The addition of Ally to the DealerTrack Canada network provides the company with access to retail financing applications from essentially all Canadian auto dealers across all manufacturers," said Tom Dickerson, president of Ally Credit Canada Limited. "It is a means to broaden our customer base and to strengthen our support to the auto industry."

Ally and DealerTrack began their strategic partnership in February 2010 when Ally joined DealerTrack's U.S. credit application network. Ally will also continue to accept applications through the RouteOne system.

The DealerTrack Canada network allows Canadian dealers to electronically submit credit application data directly to DealerTrack-registered lenders, and facilitates the completion of lender specific documentation necessary to complete a fundable transaction. 

"Now with Ally Financial on the DealerTrack Canada network, Canadian dealers will have another well-respected financing resource to tap into to help close sales," said Michael Collins, vice president and general manager of DealerTrack Canada Inc., in Mississauga. "The DealerTrack Canada network has quickly become the go-to source for dealers to help streamline their financing processes and simplify electronic, real-time credit decisions."

Ally financed $3.8 billion in consumer auto contracts in Canada last year. "Our presence on DealerTrack in Canada provides additional dealers with a new opportunity to get their customers financed for new and used vehicle sales," Dickerson added.

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