1508 ET [Dow Jones]--Ally Financial expects a short-term benefit from tariffs, management said during an earnings call Thursday. Higher used-car prices from auto tariffs could benefit Ally, which finances car loans, in two ways: they could raise the value of repossessed cars, increasing Ally's revenue from loan recoveries, and they could improve lease gains, executives said. There's also a chance more shoppers will buy cars now to try to get ahead of tariffs raising prices further. Management said they are seeing somewhat higher volumes and prices already. CEO Michael Rhodes said the company's mix has less exposure to tariffs than some other lenders. Ally exited mortgage and credit-card lending at the start of 2025 to focus more on car loans. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
April 17, 2025 15:11 ET (19:11 GMT)
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