Ally Financial
Ally Financial is a bank holding company organized in Delaware and headquartered at Ally Detroit Center in Detroit, Michigan. The company provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and other related financing services such as installment sale and lease agreements.
Headquarters at Ally Detroit Center | |
| Formerly | GMAC Inc. (1919–2010) |
|---|---|
| Company type | Public |
| Industry | Financial services |
| Founded | 1919 (as General Motors Acceptance Corporation) |
| Headquarters | Ally Detroit Center Detroit, Michigan, United States (Ally Financial) Sandy, Utah, United States (Ally Bank) Ally Charlotte Center Charlotte, North Carolina, United States (Corporate Center) |
Key people | Franklin W. Hobbs, Chairman Jeffrey J. Brown, CEO Russell Hutchinson, CFO |
| Services | Car finance Online banking Mortgage loans Stockbroker Electronic trading platform |
| Revenue | US$8.206 billion (2021) |
| 2,342,000,000 United States dollar (2022) | |
| US$1.714 billion (2022) | |
| Total assets | US$191.826 billion (2022) |
| Total equity | US$12.859 billion (2022) |
Number of employees | 11,600 (2022) |
| Website | ally |
| Footnotes / references | |
Ally is one of the largest car finance companies in the U.S., providing car financing and leasing for 4.5 million customers and originating 1.4 million car loans annually. It is on the list of largest banks in the United States by assets and has 2.0 million depositors. The company has sold more than 5 million vehicles, including 336,000 vehicles sold in 2022 via its SmartAuction online marketplace for auto auctions, launched in 2000.
The company was known as GMAC, an acronym for General Motors Acceptance Corporation, until 2010.