Ally Financial sees rising delinquency rates amid increase in auto loan originations
- 1Ally Financial's third-quarter consumer auto loan originations rose 10% year-over-year to $12.9 billion.
- 2The ratio of Ally's retail auto loans 30 days or more past due reached 4.02% in the third quarter of 2026, up from 3.93% in the same period last year.
- 3Brian Foran said the issue remains a source of anxiety for investors despite efforts by Ally management to downplay concerns over credit deterioration.
So what's the key point?
Ally Financial's auto loan volume increased to $12.9 billion. However, the rate of people failing to make timely loan payments has risen, causing concern among investors.
Source American Banker · View original ↗
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