Ally Financial was ranked the largest auto lender among depository institutions in the US at the end of the fourth quarter 2012 with $64.8bn in lending, according to SNL Financial.
Auto loans now make up 51% of the lender’s loans.
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The second-largest lender was Wells Fargo ($46bn), followed by JP Morgan Chase ($40bn).
Capital One ($27bn) overtook Bank of America ($26.5bn) to become the fourth-largest auto lender among depository institutions.
The sixth-largest auto lender was TD Bank ($14.5bn). This was followed by US Bank ($12.5bn), Fifth Third Bank ($11.5bn), Suntrust Banks ($10.5bn) and United Services Automobile Association ($10bn), respectively.
Pentagon Federal Credit Union, which ranked 22nd, posted the highest quarterly growth rate in auto loans for the fourth quarter with an increase of 10.9% to $2.7bn.
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By GlobalDataOverall, auto loans grew 1.27% in the fourth quarter 2012.
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