Is Ally Financial a subprime lender?

Is Ally Financial a subprime lender?

Ally Financial is one of the largest auto loan originators in America. Around 12% of their loans are to subprime borrowers. Ally is modeling a 3% delinquency rate in 2020. Currently 29% of Ally’s retail customers and 70% of Ally’s commercial customers are in deferral programs. Jul 8, 2020