How COVID drives captive share of new-vehicle financing with JD Power’s Mike Buckingham
In this episode of the Industry Pulse, Mike Buckingham, managing director of PIN auto finance at JD Power, discusses the ...
Tag: new vehicle sales
Ally Financial net charge-offs expected to double by year end
Ally Financial forecasts its retail auto net charge-offs (NCO) to be between 1.8% and 2.1% of its portfolio by the ...
Q2 vehicle sales slump as expected
Second-quarter vehicle sales from major OEMs are providing a glimpse at the extent of the continued fallout of COVID-19 on ...
Automakers offer incentives to spur July 4 sales
Independence Day weekend is packed with bargains designed to refresh the auto market following first–quarter slumps in new-vehicle sales and a pullback on incentives in June. OEMs scaled back ...
China monthly car sales rise for first time in almost a year
Car sales in China rose for the first time in almost a year last month, evidence that the world’s largest ...
Weekly Wrap: May sales figures hint at promising gains for the auto industry [Video]
This week, OEMs’ monthly sales figured pointed toward promising signs of recovery in the new-vehicle market, with American Honda, Mazda ...
May new-vehicle sales struggle but show signs of rebound
Retail new-vehicle sales in May are projected to fall 21% compared with the same prior-year period, dropping to 1.08 million ...
F&I revenues climb at Group 1, fall off at Asbury
Automotive retailers Asbury Automotive and Group 1 Automotive are increasing cash reserves as vehicle sales drop amid the coronavirus pandemic, ...
