Tag: Coronavirus

At the height of the credit crisis, the federal government introduced a program to save the auto industry. The program ...

Auto financiers are bracing for the rocky road ahead as vehicle sales plummet, consumer demand tanks and expected credit losses ...

The coronavirus economy and weaker consumer demand have created substantial risk for used vehicles as large volumes of leased vehicles ...

Ford Motor Credit increased its excess spread by 42 basis points in its latest asset-backed securitization issued this week, according ...

Wholesale used-vehicle values in April were unable to bounce back from Manheim’s first mid-month progress report, falling 11.4% from March. ...

The number of Americans filing for unemployment benefits topped 3 million for a seventh straight week, signaling little relief in ...

The U.S. auto market is showing signs of recovery after shelter-in-place orders, spurred by the coronavirus pandemic, depressed retail sales ...

Rental-car companies struggling to survive the coronavirus pandemic’s catastrophic blow to their business have been working with automakers to call ...