NEW YORK (TheStreet) -- Shares of Ally Financial are declining, down 5.61% to $22.54 in afternoon trading on Monday, as borrowers who took out auto loans last year are missing their payments at a high rate, following near-decade high 2014 light-vehicle sales, the Wall Street Journal reported. More than 2.6% of car-loan borrowers who took out loans in the first quarter of last year missed at least one monthly payment by November, which is the highest percentage since the 2008 recession, the Journal added. In the third quarter of 2014, Ally Financial led the industry with 7.31% of new-car loans, according to the Journal. Exclusive Report: Jim Cramer's Best Stocks for 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. In its SEC filing, Ally Financial said it had $355 million in outstanding consumer car loans as of Sept. 30, higher by 7.9% from the end of 2013. Detroit, MI-based Ally is an automotive financial services company providing a range of financial products and services to automotive dealers and their customers. ALLY data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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