Financial News

Credit Acceptance Corp. announced consolidated net income of $151.9 million for the fourth quarter. This was down from $177.1 million for the same period in 2017. For the year, consolidated…
Ally Financial Inc. reported pre-tax income for its auto business was $50 million higher in the fourth quarter than in the fourth quarter of 2017. Ally reported $335 million in…
General Motors and GM Financial hosted the sale of the 15 millionth remarketed vehicle on GMF DealerSource, GM Financial’s online auction platform, powered by Openlane. A 2019 Chevrolet Silverado High…
New vehicle retail sales in January are expected to fall from a year ago, according to a forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are projected…
The Conference Board Consumer Confidence Index decreased in January, following a decline in December. The Index now stands at 120.2, down from 126.6 in December. Consumers’ outlook for the labor…
NextGear Capital announced the national rollout of their new self-reconciliation feature, available through account portal. Self-reconciliation simplifies the floor plan auditing process with a mobile-first solution. Dealers can log-in to…
Consumer finance website Bankrate.com expects auto finance to get slightly more expensive this year.
A survey of small business owners by finance provider Quickbridge finds 83 percent of business owners expect their business sales to increase over the next year.
Ally Financial is expanding its assistance program to provide aid and resources for customers affected by the partial U.S. government shutdown.
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