Hertz bankruptcy risk could flood used market
All of Hertz’s $6.04 billion outstanding asset-backed lease securitizations were downgraded by Fitch Ratings today, further spurring concerns that the ...
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Leveraging Liquidity: Lenders brace for the coronavirus recession [Feature]
Auto financiers are bracing for the rocky road ahead as vehicle sales plummet, consumer demand tanks and expected credit losses ...
American Honda sales drop 54% in April, Hyundai close behind
Major automakers have reported sales declines of up to 54% for April alone, according to monthly sales figures released by ...
Carmakers headed for 50% sales plunge breathe sigh of relief
Automakers are headed for a less-drastic U.S. sales collapse than feared, according to market researchers. Retail sales to consumers are ...
Congress mulls delayed payments as SAAR plummets
New vehicle sales forecasts are quickly deteriorating as the coronavirus pandemic spreads across the nation. In fact, vehicle sales will ...
Average new-vehicle prices on pace to reach $36K, data shows
The average transaction price (ATP) for new vehicles is forecast to increase 2.4% year over year, reaching $35,932 as of ...
New-car sales close in on 17M
Powered by strong November sales showings from Toyota Motor North America and Honda Motor Co., yearend light-vehicle volume is on track for ...
Automakers dangle record $4,500 discounts to clear old inventory
Automakers struggling to clear inventory of older models from U.S. dealerships probably will offer richer discounts to consumers this month than ever ...
