U.S. car and light-truck inventories, on Dec. 1
Major U.S. trading partners including the EU, China and Japan voiced deep concern at the World Trade Organization about possible U.S. measures imposing additional duties on imported cars and parts.
Unifor Local 222, which represents hourly workers at the factory, is asking owners of GM vehicles to display lawn signs calling for a boycott. The signs read: "If GM pulls out of Oshawa, this is the last GM vehicle I buy."
The new head of the U.S. consumer financial watchdog on Tuesday said she intended to continue some of the work begun by her predecessor Mick Mulvaney, including a review of decades-old rules preventing lending discrimination against minorities.
After at least six years of steady growth, banks' third-quarter auto loan balance decreased from the same period a year ago as credit unions' loan balance continued to grow, according to Experian.
Automakers should listen to their captive finance companies about which incentives would best move metal off dealerships' lots.
Alongside affordability challenges, high interest rates and difficulty obtaining credit for customers have clouded dealers' typically rosy outlooks, according to Cox Automotive's Dealer Sentiment Index survey.
December 05, 2018
Chicago, Dec. 12, 2018 - Low unemployment rates and continued positive growth in both GDP and real disposable income are among the key drivers that will propel the U.S. consumer credit market in 2019. Partly due to the strong performance of these economic indicators, TransUnion's (NYSE: TRU) 2019 consumer credit forecast found that originations and consumer balances are expected to increase for most credit products while serious delinquency rates will likely decline or remain steady.
RouteOne LLC, an innovative technology leader that is powering the automotive retailing industry’s response to the digital age, today announced that it has joined Mobility Open Blockchain Initiative (MOBI) — a global consortium of industry leading automakers, technology based startups, and other mobility players.
Nissan to expand probe to European ventures; Hyundai names Biermann R&D chief; Ohio senators to GM: Build EVs in U.S.; Peek at '20 VW Passat; Magna's futuristic cabin.
Cadillac to reveal XT6 large CUV in Jan.; Union: FCA idling Windsor plant; Schot named Audi CEO; Hertz to speed rentals with biometrics; Silverado to pace Daytona 500.
Trust your training, advises Eric Melon, president of sales at Innovative Aftermarket Systems. If a certain tactic works half the time in the F&I office, why do managers give up? "Half the time in 100 times is 50 people say yes," he said. "The problem is we don’t know when that 50 is. First customer, doesn’t work. Second customer, doesn’t work. By the fourth time, what happens?"