P&A Providers & Administrators
MenuMENU
SearchSEARCH

Ally Posts Near-Record Originations in Q2

August 6, 2014
3 min to read


NEW YORK — In the second quarter, Ally Financial Inc.’s auto franchise posted its second highest level of consumer auto originations in its history. The feat was driven by record decision applications and used-vehicle originations.


Consumer financing originations totaled $10.9 billion for the quarter, up 11% year over year. The originations were comprised of $4.7 billion in new retail, a record $3.1 billion in used retail and $3.2 billion in leases. Officials added that volume from non-GM and non-Chrysler dealers grew 48% on a year-over-year basis and now accounts for 20% of the firm’s total consumer originations.

Ad Loading...


“The second quarter, I think, clearly demonstrated the strength of our core auto franchise,” said Ally CEO Michael Carpenter during the company’s July 29 investor call. “Auto originations in the quarter are evidence that Ally’s dealer-focused, go-to-market strategy is winning despite the intensity of competition in the market place.”


Ally’s auto franchise posted a pre-tax income of $461 million for the second quarter, up from $382 million in the year-ago quarter. The increase was driven by a 14% increase in net financing revenue from a year ago.


Retail auto net charge-offs accounted for 0.58% of all open auto loans, down from 0.85% in the year-ago quarter. Ally’s delinquency rate, however, increased, rising from 1.59% in the year-ago quarter to 2.02%. “This was up quarter over quarter given normal seasonal performance trends, where delinquencies are lowest at the end of the first quarter,” CFO Chris Halmy said. “Year-over-year delinquencies were up 24 basis points, which are consistent with our expectations and the more balanced origination mix that we’ve had since 2012.


“Overall, the takeaway here is that auto asset quality results were well in line with our expectations as we continue to anticipate seasonality quarter over quarter and a gradual increase in charge-offs year over year due to normalization of our portfolio.”


Consolidating all of its business units, Ally posted net income of $323 million in the second quarter vs. a net loss of $927 million in the year-ago quarter. That loss was related to the $1.6 billion settlement agreement in the ResCap Chapter 11 bankruptcy case.

Ad Loading...


Officials also reported continued progress in expanding its diversified dealer relationships. In the second quarter, the company grew its dealer count by more than 900 dealers from a year ago. Including auto and RV dealers, Ally’s dealer count totaled approximately 16,400 dealers at the end of the second quarter.


“So we continue to make good progress expanding and, obviously, that’s showing up or manifesting itself in some of the diversification numbers that you see in origination as well,” Halmy told investors. “So about 20% of the originations we are doing [with] non-GM, non-Chrysler [dealers].


“I think when we think about relationships, we try to conquest. They are more of the franchised dealers and I think that’s somewhere in the neighborhood of more like 18,000 dealers,” he added. “So, obviously, at 16,400 dealers, we are doing the lion’s share of them today.”

More Industry

Photo of the back of an electric Mercedes
Industryby Hannah MitchellJune 10, 2026

Auto Prices Ride May Moderation

Flat ATPs and asking prices clocked in below long-term averages for the month, though some segments saw significant price gains, reported Cox Automotive.

Read More →
Photo of white Toyota car in front of dealership
Industryby Hannah MitchellJune 9, 2026

Auto Retail Families Get Out While the Getting’s Good

Kerrigan Advisors’ first-quarter Blue Sky Report shows a sharp uptick in buy-sell deals as more retailers take advantage of handsome values while seeking to escape market risk.

Read More →
daytime, front of car dealership Lexus of Vancouver
Industryby Lauren LawrenceJune 3, 2026

Holman Opens New Lexus Dealership

Located in the heart of Clark County, Lexus of Vancouver features a multi-level showroom, more than 30 service bays, an indoor drive for drop-off and pick-up and a fleet of courtesy vehicles.

Read More →
Ad Loading...
Subwoofer in trunk of car.
Industryby Lauren LawrenceMay 26, 2026

Ownership Priorities are Shifting

A new survey shows that in the U.S. vehicle quality for generation Z is largely defined by advanced safety features, intuitive technology and premium sound systems.

Read More →
Man's hand holding gas pump in fuel tank of white car
Industryby Hannah MitchellMay 26, 2026

Pump Price Jump Calculated

ISeeCars.com examined fuel costs for different power trains, finding which ones have experienced the biggest hits since the war in Iran commenced.

Read More →
Graphic showing previous week's truck and SUV segment prices
Industryby StaffMay 20, 2026

Black Book: Weekly Market Update

Wholesale values fell last week despite the spring season still being in the traditional full-gear mode, analysts said.

Read More →
Ad Loading...
Photo of dealership sign with Toyota logo
Industryby Lauren LawrenceMay 19, 2026

Arkansas Auto Group Acquires First Indiana Rooftop

Performance Brokerage Services represented both the buyer and seller in the sale of Carver Toyota of Columbus by Carlock Automotive Group.

Read More →
Headshot photo of Antonio Filosa, Stellantis CEO
Industryby Hannah MitchellMay 19, 2026

Stellantis to Dive Into U.S. Lending

The multinational maker of Chrysler, Dodge, Jeep, Ram and multiple other brands received conditional approvals for a Utah-based industrial bank.

Read More →
Photo of the rear of a new BMW iX SUV
Industryby Hannah MitchellMay 12, 2026

New-Vehicle Prices Rise

With April sales down, higher prices on in-demand large vehicles helped inflate the overall ATP, though increases were under long-term averages, Cox Automotive reported.

Read More →
Ad Loading...
Graphic of car segments' results the previous week
Industryby StaffMay 12, 2026

Black Book: Weekly Market Update

Last week in the wholesale automotive market proved to be a mixed bag, analysts reported.

Read More →