Ally’s North American Automotive Finance segment yesterday reported auto originations of $11.7 billion, up from $10.3 billion in 2Q11. And while two quarters remain until next year, industry leaders need to start planning their 2013 budgets now if they aspire to maximize on the market’s recent success, like Ally has done.
According to the 2012 Big Wheel Auto Finance Report, Ally swept both the loan and lease originations for 2011 as originations totaled $40.2 billion in 2011, up from $31.6 billion in 2010. Part of that is due to critical planning.
“Ally's auto finance franchise continued to lead the industry, despite intense competition, and posted the second highest quarter of consumer originations since 2007," said Ally Chief Executive Officer Michael A. Carpenter. "We continue to broaden and diversify this franchise, which is centered on powering thousands of dealers across the country as the top auto finance provider."
By strategically planning around the sector's growth, Ally Financial singularly led the auto lending and leasing industry in 2011. Its 2Q12 earnings reflect that this could be an even stronger year, but planning 2013's budget is crucial for its future success.
Businesses, like Ally, need today’s data to predict tomorrow’s sales, and getting that information is easy. We publish all the numbers you need to help make this your company’s best year yet.
The Big Wheels Auto Finance Data Report 2012 comprehensively delivers in-depth analysis and provides all the numbers to help auto sector businesses plan its budget accordingly based on actual market changes. The report also ranks the top 100 auto finance companies. This year, Ally Financial topped the rankings with $73.2 billion of loans and leases outstanding, beating its closest competitor, Toyota Motor Credit, by nearly $10 billion.
Stay in front of the competition. Big Wheels is your tool to benchmark your performance. Before planning next year’s budget, order the 2012 Big Wheels Data Report by visiting www.BigWheelsData.com.
ABOUT AUTO FINANCE BIG WHEELS
The Auto Finance Big Wheels (www.bigwheelsdata.com) data report is the nation's only tabulation of auto lending and leasing. The report uses a wide range of data to formulate its ranking of the top 100 auto finance companies. The report has been published annually since 1999, and is published jointly by Auto Finance News and Auto Finance Advisors, the auto finance industry's leading consultancy. To order Big Wheels, please visit www.bigwheelsdata.com. Members of the media can receive commentary on the data by contacting Marcie Belles at 212-991-6733 or firstname.lastname@example.org. Find out more about Auto Finance News and Auto Finance Advisors by joining our group, Auto Finance Executives on LinkedIn and following us on twitter @AutoFinanceNews.