Vehicle Sales
AFN Composite Index
+7.00%
Inventory Index
SOFR
APR 48 Mos.
German carmaker Daimler AG announced yesterday that it would post a “significant” loss for the first quarter.
Daimler cited declining truck sales in Europe and the U.S. as the primary reasons for its poor first-quarter performance. While Daimler still maintains a 19% stake in Chrysler, it had written down the value of that investment to zero last year.
Daimler’s assessment of the global economy indicates that a recovery will not begin until the second half of 2009, at the earliest.
Auto lender Arivo Acceptance wanted to develop new software faster, so it enlisted a group mainly comprised of interns with...
Extra-long car loans can lower consumers’ monthly payments, but they also keep dealers from selling vehicles to those customers for...
Alternative asset management firm Bayview Asset Management in the past five years has purchased about $25 billion in auto collateral through bulk...
Luxury vehicle dealerships are fighting a rapidly growing scam in which fraudsters impersonate delivery companies to steal vehicles. Kalamazoo, Mich.-based...
David Thompson
David Thompson
David Thompson
