Tag: Coronavirus

GM Financial is gearing up for potential losses on off-lease residual values as the extent of the COVID-19 economic crisis’ ...

Automotive retailers Asbury Automotive and Group 1 Automotive are increasing cash reserves as vehicle sales drop amid the coronavirus pandemic, ...

Auto loan extensions spiked in March in one of the first tangible effects the COVID-19 pandemic has had on the ...

Hertz Global Holdings Inc. reached an eleventh-hour pact with lenders to give the struggling rental-car company more time to rework ...

Eight major banks tightened auto loan underwriting standards in the first quarter, according to the Federal Reserve’s Senior Loan Officer ...

Major automakers have reported sales declines of up to 54% for April alone, according to monthly sales figures released by ...

Zero-percent financing deals hit a record last month as carmakers kept the U.S. auto market from collapsing. More than one in ...

Auto loan applications dropped 52% between the first and last week of March, with the COVID-19 economic crisis muting auto ...