Financial News

Wholesale used vehicle prices decreased slightly month-over-month in February. The Manheim Used Vehicle Value Index fell to 135.2 in February from 135.4 in January. The Index rose year-over-year, from 131…
The record 4.3 million consumers who will be turning in leased vehicles this year will be in for sticker shock when they return to the dealership, according to new analysis…
The gap between the average new and used monthly vehicle payments continued to widen in the fourth quarter, reaching $158, according to Experian. Total outstanding automotive loan balances reached $1.178…
The used vehicle market slowed once again in January, according to J.D. Power Valuation Services. January marks the fifth consecutive month of decline. As a result, the Seasonally Adjusted Used…
Mercedes-Benz Financial Services USA LLC, an automotive financial services provider, announced the appointment of Mark Lovely as its new vice president of sales and operations, effective immediately. In his new…
Hertz Global Holdings, Inc. reported results for its fourth quarter and year ended December 31. “We finished 2018 strong, delivering improvements in rental price, volume, utilization and fleet costs for…
AutoNation Inc. reported fourth quarter 2018 net income from continuing operations of $93 million, or $1.02 per share. Restructuring-related charges of $0.08 per share, or approximately $9 million, were incurred…
A new whitepaper released by Cox Automotive’s Rates & Incentives group (CAR&I), “Optimizing Rebates & Incentives for Consumer Digital Retailing Experience,” pinpoints a lack of transparency and accuracy in the…
Credit Acceptance Corp. has been named, for the sixth year in a row, as one of the Fortune 100 Best Companies to Work For, according to global research and consulting…
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