GRAPEVINE, Texas, Nov. 16, 2015 /PRNewswire/ -- Ally Financial, a leading automotive financial services company, and local auto dealer Classic Chevrolet of Grapevine, TX, presented more than $180,000 in donations to ten local charities in the Dallas area today.
The generous donations resulted from a special auction held by Ally's SmartAuction platform to celebrate its 5 millionth vehicle sale. To celebrate the milestone, Ally auctioned off the 5 millionth vehicle, with proceeds promised to the auction winner's selected charities. Classic Chevrolet of Grapevine, TX won the vehicle with a bid of approximately $180,000 and selected ten local organizations to receive the money.
"It's great to be able to celebrate such an important milestone by giving back to a dealer that uses SmartAuction to buy and sell vehicles," said Steve Kapusta, vice president of dealership online services and remarketing at Ally. "Tom Durant of Classic Chevrolet is an outstanding member of the community, supporting many local charitable organizations, so it is our honor to support his efforts with these grants."
Grants were presented during a reception event at Classic Chevrolet today. The organizations receiving the grants included: 6 Stones Mission Network, Christ's Haven for Children, The Angel Fund of Trinity High School, RISE Adventures, Grapevine Relief and Community Exchange, Food for the Soul, VAST (Valuable After School Time), Christian Community Storehouse of Kelleher, North Texas SNAP and Neuro Fitness.
"Ally's SmartAuction platform is an important tool for us when buying and selling inventory, so it was great to take part in the charity auction," said Tom Durant, owner of Classic Chevrolet. "We are incredibly proud that the funds from this auction will help many organizations in our community that make a difference in so many lives."
Ally's SmartAuction is an online auto auction that brings together approximately 8,000 wholesale buyers and sellers across the country to bid on more than 23,000 vehicle listings each day. Over 70 different makes of vehicles, motorcycles and RV's are represented on SmartAuction, and buyers and sellers include auto makers, dealers, banks, fleet/rental and auction companies.
About Ally Financial Inc.
Ally Financial Inc. (NYSE: ALLY) is a leading automotive financial services company powered by a top direct banking franchise. Ally's automotive services business offers a full spectrum of financial products and services, including new and used vehicle inventory and consumer financing, leasing, vehicle service contracts, commercial loans and vehicle remarketing services, as well as a variety of insurance offerings, including inventory insurance, insurance consultative services for dealers and other ancillary products. Ally Bank, the company's direct banking subsidiary and member FDIC, offers an array of deposit products, including certificates of deposit, savings accounts, money market accounts, IRA deposit products and interest checking. Ally's Corporate Finance unit provides financing to middle-market companies across a broad range of industries.
With approximately $156.1 billion in assets as of Sept. 30, 2015, Ally operates as a financial holding company. For more information, visit the Ally media site at http://media.ally.com or follow Ally on Twitter: @Ally.
About Classic Chevrolet
Family owned and operated since 1960 The Durant Auto Group has expanded to 17 dealerships, anchored by the flagship Chevrolet dealership, Classic Chevrolet in Grapevine. Over the last decade, Classic Chevrolet has sold more Chevys than any other dealer in the nation. Classic has also earned the prestigious GM Dealer of the Year Award for 14 consecutive years.
Since moving the store to Grapevine from Ft. Worth in 1988 Classic Chevrolet has long history of supporting the local community, local schools and non-profit organizations. Since 2012 Classic Chevrolet employees have put on a charity golf tournament to raise money for local charities. Inspired by owner Tom Durant's challenge to "raise as much money as you can", the Steve Thompson Classic has raised $427,600 since 2012 which has been matched dollar for dollar by Tom and Susan Durant each year for a grand total of $855,200. On October 7, 2015, the 4th Annual Steve Thompson Classic raised over $1 Million in just 4 years.
Contact:
Sari Martin
Sari.martin@ally.com
646-781-2539
Photo - http://photos.prnewswire.com/prnh/20151116/287828
Photo - http://photos.prnewswire.com/prnh/20151116/287827
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ally-and-classic-chevrolet-make-donation-to-10-local-dallas-charities-300179541.html
SOURCE Ally Financial
