Ally Financial Auto Delinquencies Rise to 4.02% in Q3 as Originations Climb 10%

Ally Financial reported rising delinquencies alongside higher origination volume in its auto-lending business for the third quarter of 2026. In the quarter, 4.02% of retail auto loans were at least 30 days past due, up from 3.93% a year earlier. Loans at least 60 days past due rose to 1.10% from 1.03% over the previous 12 months. On Tuesday's earnings call, CFO Russ Hutchinson said the 2025 and 2026 loan vintages are performing worse than the 2024 vintage but not necessarily worse than expected, citing elevated delinquency in late 2025 and early 2026 books. "Nothing we're seeing gives us a ton of concern right now," he said. Net charge-offs totaled $423 million, up from $395 million, as the annualized retail auto net charge-off rate edged up to 1.89% from 1.88%. Consumer auto originations reached $12.9 billion, up 10% year over year, with applications rising 20% to 4.8 million. Net income rose to $433 million, or $1.30 per share, from $398 million. Total net revenue reached $2.33 billion, and net interest margin rose to 3.62% from 3.51%.