DETROIT– Ally Financial has been honored with a 2010 Auto Finance Excellence Award for its success and contribution to the auto finance industry.  The award was presented at the recent annual Auto Finance Summit by Auto Finance News.

At the event, Ally Financial was cited for completing several remarkable achievements in a very short time. These included rebranding the company, onboarding thousands of Chrysler dealers for wholesale and retail credit lines while supporting its GM dealer clients, and diversifying its customer base as a preferred source of financing for dealers of Saab, Fiat and Thor Industries RVs.

As the automotive industry emerges from one of its most challenging periods, Ally Financial is committed to providing a steady source of wholesale and retail financing and related services to dealers and their customers across a broad credit spectrum.  Ally Financial was ranked the number one new car lender in the U.S. in the first half of 2010.

JJ Hornblass, executive editor and publisher of Auto Finance News and chairman of the Auto Finance Summit, said, “Ally Financial has transformed into arguably one of the most dynamic brands in financial services today.”

“Our primary role is to help dealers stock and sell more vehicles,” said Ally Financial President Bill Muir.  “We appreciate the recognition for our efforts.”