Financial News

General Motors Financial Company Inc. announced net income of $442 million for the quarter ended June 30, compared to $62 million for the quarter ended June 30, 2017. Retail loan…
Consumer Portfolio Services Inc. announced earnings of $3.2 million for its second quarter. This compares to net income of $4.6 million in the second quarter of 2017. Revenues for the…
The average price of a used vehicle for model years 2013-17 decreased in value by 1.2 percent during June, according to Black Book. Car prices declined 1.6 percent and trucks…
The average rate to finance a new car is now above 5 percent for the first time since February 2012, based on a 48-month loan, according to LendingTree. The amount…
Dent Wizard International recently acquired Image Auto LLC, a provider of auto reconditioning and wheel repair services in the Central and Western New York and Pennsylvania areas. The acquisition finalized…
The Federal Trade Commission, working jointly with 12 partner agencies in seven states, conducted the first compliance sweep of car dealerships since the amended Used Car Rule took effect earlier…
Kia Motors America announced record first half certified pre-owned sales, capped off with a record for June. Kia dealers sold 39,954 CPO vehicles in the first six months of the…
CDK Global Inc. has entered into a definitive agreement to acquire Eleadone. The transaction has been unanimously approved by the CDK Board of Directors. The proposed transaction is subject to…
GWC Warranty announced a newly created major account management team. This new team of five account managers will be led by area vice president Cynthia Bodden and will service GWC…

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