Connected Car
Both Ally's second-quarter $329 million overall net income and $501 million auto pretax income were up compared with the first quarter, while the amount of money it allocated for auto losses fell. Ally had relationships with 22,171 dealerships in some capacity in the second quarter, up 2.8 percent from a year earlier. Q2 net income: $329 million, down 32 percent. Q2 net income attributable to common shareholders: $301 million, down 34 percent. Net auto charge-offs are estimated to be 1.8 percent in 2023 instead of the 1.6 to 1.8 percent forecast last quarter.