A new campaign aims to enlist state lawmakers to mandate greater use of factory parts in collision repair.
It's too soon to call it a trend, but third-quarter subprime auto originations rose from the year earlier for the first time in more than two years, the Federal Reserve Bank of New York and TransUnion said in separate reports last week.
Una desaceleración del volumen no planificado en China, nuevas tarifas internacionales e incluso graves inundaciones en Japón, llevaron a una menor producción de vehículos. Y algunos proveedores sintieron la pizca de una aceleración repentina en el cambio del consumidor de los sedanes a los SUV.
Delphi Technologies reported sharply lower net income for the third quarter, largely due to factors that hit other supplier results, especially an unexpected decline in sales in China.
Worldwide production cuts and the shift away from cars is casting a shadow on some suppliers.
The global automotive technology supplier reported its sales grew 11 percent to $3.5 billion in the third quarter, despite lower production volumes in some of its biggest markets, especially China and Europe.
The supplier said it will be the sole provider of disconnecting all-wheel-drive units on the 2019 Ford Edge crossover, a new feature designed to improve fuel efficiency. Dana's third-quarter sales and profits rose, driven by acquisitions and new contracts.
Auto supplier Visteon reported lower production for its big customers in every major global automotive market, which dragged down the supplier's sales and profits in the third quarter.
Given recent volatility in auto production schedules, trying to predict short-term production volumes is a slippery business right now, said Lear CFO Jeff Vanneste.
BorgWarner expects to continue to outperform the new-vehicle market — partly by ramping up its business in hybrids and electric vehicles — despite growing headwinds.
Many new-vehicle dealers in the Carolinas are grateful that their biggest worry in the aftermath of Hurricane Florence — aside from getting evacuated employees resettled and back on the job — was having enough parts delivered to meet an expected surge in service business.
Sales and profits increased for mirror and electronics supplier Gentex in the third quarter despite new international tariffs, and despite softer-than-expected new vehicle production.
Wells Fargo and Chase Auto remain cautious on auto finance, although Wells Fargo increased auto loan originations last quarter, and Chase Auto Finance has increased lease originations for its private-label customers.
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