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Ally: A Banking Transformation

thescienceofhitting.com

Ally: A Banking Transformation

The Science of Hitting
Dec 6, 2021
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Share this post

Ally: A Banking Transformation

thescienceofhitting.com

In 1919, General Motors (GM) created a new division, General Motors Acceptance Corporation (GMAC), with the goal of helping GM dealers to finance their auto inventory. Six years later, GMAC expanded into consumer auto lending, providing a way for customers to get financing at the dealership, as opposed to paying in cash or securing a bank loan. Over the…

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