Ally Financial

About

Ally Financial is a bank holding company organized in Delaware and headquartered in Detroit, Michigan. The company provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and an electronic trading platform to trade financial assets. Ally is ranked 19th on the list of largest banks in the United States by assets, is the largest car finance company in the U.S. by volume,[2] and serves over 6 million customers.[1] Via its SmartAuction online marketplace for auto auctions, launched in 2000, the company has sold more than 5 million vehicles, including 281,000 vehicles sold in 2018.[1][3] The company was known as GMAC, an acronym for General Motors Acceptance Corporation, until 2010.

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