DETROIT — Experian Automotive announced that Ally Financial was the top consumer auto sales financier in the U.S. marketplace. Ally accounted for more than one in every 11 vehicles financed in the U.S. last year, with more than $40 billion in consumer financing contracts for new or used cars and trucks.
“Ally has grown and diversified its business during the past couple of years, supporting the resurgence of the U.S. auto industry,” said Bill Muir, president of Ally. “We now have retail financing relationships with more than 14,000 dealers in the U.S. … Our strategy is to offer a full range of financing products and services — from retail financing and leasing, to commercial loans and remarketing services as well as vehicle service and maintenance contracts. We finance a broad spectrum of creditworthy customers, and we are committed to supporting the auto industry for the long term.”
Experian Automotive reports Department of Motor Vehicles registration information from all 50 states. Four states (Wyoming, Delaware, Rhode Island and Oklahoma) do not report the financing source for auto loans.