Financial News

Used vehicles are commanding a larger share of the U.S. automotive finance market, according to Experian’s Q3 2019 State of the Automotive Finance Market report. Used financing increased 2.4 percent…
The average interest rate for a new vehicle loan dropped to its lowest level of 2019 - and lowest level seen since February 2018 - in November, according to the…
American Honda announced total sales rose by 11.1 percent in November. Trucks were up 18.2 percent, and both Honda and Acura brands set new truck sales records. Honda trucks set…
Porsche Cars North America, Inc. (PCNA), importer and distributor of the Porsche 911, 718 Boxster and Cayman, Macan, Cayenne, Panamera and Taycan model lines, announced November retail sales rose 11.5…
The tight labor market continues to positively impact wage growth, according to the latest Paychex | IHS Markit Small Business Employment Watch. Hourly earnings grew 3.11 percent among employees of…
ALG, TrueCars data and analytics subsidiary, projects total new vehicle sales will reach 1,399,639 units in November, down 3 percent from a year ago when adjusted for the same number…
Cox Automotive sales forecast shows the seasonally adjusted annual rate (SAAR) to finish near 16.9 million, up from last month’s strike-impacted 16.5 million level, but down slightly from the current…

Firm Hires COO

November 27, 2019
Foundation Direct announced the appointment of Ashley Lepczyk as its chief operating officer. Ashley joins the firm after 12 years at Google, where she worked on automotive products. Lepczyk led…
Ituran Location and Control Ltd. announced that the board of directors approved the distribution of a cash dividend in the amount of $0.24 per share, totaling approximately $5 million. The…
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