DETROIT — Ally Financial said Thursday that 57 dealers have
been selected as nominees for the 2014 TIME Dealer of the Year award, which
recognizes the nation's most successful dealers who also demonstrate a
long-standing commitment to community service.

Now in its 45th year, the TIME Dealer of the Year award is
recognized as one of the auto industry's most prestigious and highly coveted
honors.

"The dealers nominated for this award are community heroes,
as well as economic and civic leaders, who have time and again shown their
dedication to making a difference," said Tim Russi, president of auto finance
for Ally.

"Ally is pleased to once again be supporting these dealers
in their efforts to create vibrant, thriving communities," Russi continued.

A recent survey by Ally and NADA found that nearly two-thirds
of U.S. dealers increased their charitable giving this year compared to last
year with the bulk of dealers (90 percent) giving to causes focused on
community services.

The survey also found that more than 63 percent of dealers
organize staff volunteerism in the community with nearly 28 percent saying
their employees provide more than 100 hours of community service.

In its third year as exclusive sponsor, Ally will recognize
dealer nominees and their efforts in supporting their communities by contributing
$1,000 to each nominee's charity of choice.

An additional grant will also go to causes chosen by the
2014 winner and finalists who will be announced at the 97th annual National
Automobile Dealers Association Convention & Exposition in New Orleans on
Jan. 25.

In previous years, nominee grants have supported various
local community organizations, including youth athletic leagues, educational
programs, cultural offerings and local nonprofits.

Last year's Dealer of the Year, Michael Alford of Marine Chevrolet
in Jacksonville, N.C., chose Girls on the Run, a local transformational running
program for students, to receive the 2013 winner's grant from Ally.  The funds allowed 225 local students to
participate in the program who otherwise may not have been able to.

The 57 nominees will be highlighted on AllyDealerHeroes.com,
which showcases the philanthropic contributions and achievements of auto
dealers and stories of their charitable outreach in local communities.

For a list of all 2014 TIME Dealer of the Year nominees,
click here.

To learn more about previous TIME Dealer of the Year
winners, click here.

Continue the conversation with SubPrime Auto Finance News on LinkedIn and Twitter.


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