DETROIT, Oct. 27, 2011 -- Ally Financial has been honored with a 2011 Auto Finance Excellence Award for its notable success and contribution to the auto finance industry. The award was presented today at the annual Auto Finance Summit by Auto Finance News.
Ally was cited for maintaining its number one position in retail auto financing in the U.S., while reaching a broad spectrum of creditworthy customers and diversifying its business. In addition to prominence in new vehicle financing, the company has increased its leasing and used vehicle consumer financing and continued strong commercial lending for automotive dealers.
"Ally Financial has exhibited leading performance in the auto finance industry for a couple of years running," said J.J. Hornblass, president and CEO of Royal Media Group, publisher of Auto Finance News. "From retail and floorplan financing to F&I products, we applaud Ally on its stellar results."
Ally President Bill Muir said, "Our goal is to support dealers in maximizing their sales, customer satisfaction and revenue potential. We appreciate the recognition for the Ally team, and will continue to work aggressively to help the auto industry grow and thrive."
About Ally Financial Inc.
Ally Financial Inc. (formerly GMAC Inc.) is one of the world's largest automotive financial services companies. The company offers a full suite of automotive financing products and services in key markets around the world. Ally's other business units include mortgage operations and commercial finance, and the company's subsidiary, Ally Bank, offers retail banking products. With approximately $179 billion in assets as of June 30, 2011, Ally operates as a bank holding company. For more information, visit the Ally media site at http://media.ally.com.