Ally wrote $13.3 billion in auto loans and leases during the second quarter, a 2.3 percent increase from a year earlier and the highest quarterly origination value since 2006. But the lender said accounting rules required it to set aside money as a provision against these loans losing money, which contributed to its 50 percent drop in auto finance income.
from Section Page News - Automotive News https://ift.tt/NRoIw1m via Falls Church auto repair
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