Ally net income plunges 51% in Q1, auto applications set record

“πŸ“ˆ Ally’s Q1 net income drops 51% as auto applications soar to record levels! The #finance giant witnessed 3.8M applications, with 40% in the top credit tier. πŸš€ #AllyBank #AutoLoans”

Ally’s auto business saw a record 3.8 million applications from consumers during the first quarter with 40% of new loan originations in the top credit tier.

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