DETROIT, July 22, 2015 /PRNewswire/ -- Ally Financial today announced that it will renew its exclusive sponsorship of the TIME Dealer of the Year program through 2021. Ally and TIME also officially opened the nomination period for the 2016 TIME Dealer of the Year program, encouraging nominations at the annual Automotive Trade Association Executives (ATAE) Summer Conference in Dearborn, Mich. July 17. TIME Dealer of the Year is an annual program that aims to recognize and honor dealers around the country who make outstanding charitable contributions to their communities.