Risk Management
Sonic’s EchoPark closures highlight used-retail market woes
Sonic Automotive’s closure of its Northwest Motorsport dealerships on Jan. 23 not only further shrinks the retailer’s used-vehicle business, EchoPark...
Hyundai Capital CEO Marcelo Brutti joins AFS East 2024 fireside chat
Auto Finance News is pleased to announce that Hyundai Capital America President and Chief Executive Marcelo Brutti will join Auto...
Sonic-owned Northwest Motorsport shuts down
Sonic Automotive-owned, used-car dealer group Northwest Motorsport closed its doors Jan. 23, citing market concerns. The Puyallup, Wash.-based dealership ceased...
UACC to focus on indirect business following Vroom e-comm closure
Despite Vroom winding down its e-commerce used-vehicle sales operations, the retailer’s captive United Auto Credit Corp. maintains that it is...
Ford cuts workforce making electric F-150s on weak demand
Ford Motor Co. said that it would reduce the number of workers making its F-150 Lightning truck as demand for...
Toyota Financial Services new CEO Cooke on key relationships
Toyota Financial Services Chief Executive Scott Cooke is leaning on his decades of experience at the company and a strong...
Chase Auto private label president joins fireside chat at Auto Finance Summit East
Auto Finance News is pleased to welcome Leslie Wims Morris, president of private label captive finance at Chase Auto, to...
US inflation accelerates, tempering case for Fed to cut rates
US inflation accelerated in December as Americans paid more for housing and driving, challenging investor bets that the Federal Reserve...
