Ally Questions Automakers' Discipline as Cars Pack Dealer Lots
- Detroit lender sees more used-car price declines through 2019
- Bank is tightening auto credit as competitors exit loan market
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Ally Financial Inc. Chief Executive Officer Jeff Brown said he’s more concerned about bulging car-dealer lots than overdue auto loans.
“Inventory lots across the U.S. are very full,” Brown said Thursday in a phone interview after the lender reported first-quarter profit that matched estimates. “We’re watching how disciplined manufacturers are.”