General Motor Acceptance Corp. Now Ally Financial About – General Motors Acceptance Corporation aka GMAC, currently known as Ally Financial, was founded in year 1919 in Detroit Michigan as a bank holding company. In earlier times in motor manufacturing, dealers used to pay cash and stocked the inventory. They had limited amount of cash hence the no of vehicles stocked at one point of time was also very low. With the beginning of the assembly line, the car manufacturers desired that the dealer should stock more vehicles so that the factories can run on a regular basis. GMAC was made in 1919 and supported GM dealers for their financing needs to increase the inventory as well as supporting the retail customers to make the purchases for new vehicles. …show more content…
It has a distinctive buying and selling engine which cross matches the demand and supply to provide the best deals to the prospective buyers and sellers. Digital Consumers – With the onset of the Digital era, most companies are now focusing on the making there services available online. GMAC has recently revamped its online portal to make it more user friendly, lite and easier to access. It has also launched its mobile app for Android & Apple devices, which gives you the access to all the GMAC services at your fingertips. Sustainability – Ally has joined hands with Big Brothers Big Sisters in an alliance for an innovative idea – Beyond school walls. It provides mentorship by the Ally employees for the 4th & 5th grade students throughout the school year to enhance their skills. Ally has many scholarships and education programs for the needy children who are not able to sustain good education on their own. Recently it donated 3000 books to Detroit public schools. Wallet Wise is another program where Ally teaches financing, Credit & Loans, Banking for the people not very familiar with these domains and help them make the wise choice. Over 15000 people took use of the free service provided by Ally. Financials