Ally Financial’s surge: originations jump by 4%

January 20, 2024
1 min read

Ally Financial’s auto originations increased by 4.4% year over year, reaching $9.6 billion in Q4 2023. This growth was driven by a strong application volume in the auto lending sector. However, originations decreased by 9.4% sequentially. Ally Financial also sold its point-of-sale lending business to Synchrony, indicating a shift in the company’s strategic focus. Despite the decrease in originations, Ally Financial continues to prioritize auto lending as a key area of its business.

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