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Ally Financial overtakes Wells Fargo as top U.S. auto lender

2014-12-01 18:29:53| Auto Dealers - Topix.net

Much of Ally's growth came from financing used car sales, an area where the former in-house finance arm of General Motors Co ( In recent years, banks expanded in the used car market as carmakers' in-house finance arms came to dominate the new car market. In the third quarter, 54.1 percent of used car purchases were financed with a loan, a record high.

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