Financial News

Point Predictive Inc. has determined that many U.S. auto lenders may be experiencing a 50 percent increase in fraudulent misrepresentation of applicant income since the onset of the pandemic, an…
Hyundai Motor America reported total November sales of 55,171 units, a 9 percent decrease compared with November 2019. Retail sales were down 11 percent. There were three fewer selling days…
J.D. Power, completing its purchase this week of ALG from TrueCar Inc., will dramatically broaden its vision of automotive residual value forecasting, especially important as the industry prepares to launch…
New-vehicle retail sales for the month of November are expected to decline marginally from November 2019, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales for…
Hertz Global Holdings Inc. announced that it has secured commitments for fleet financing totaling $4 billion and has filed a motion for approval of The Hertz Corporation entering into the…
Toyota Motor North America (TMNA) announces executive changes to its manufacturing organization, effective Jan 4. David Fernandes, who currently serves as senior vice president of manufacturing, Toyota South Africa Motors…
Copart Inc’s Q3 financial results showed an increase in revenue of $38.5 million, an increase in gross profit of $41.9 million and a decrease in net income of $17.9 million,…
Group 1 Automotive, an international Fortune 500 automotive retailer, declared a cash dividend of $0.30 per share for the third quarter of 2020. The dividend will be payable on December…
Equifax has named Lena Bourgeois as automotive general manager, responsible for driving customer value and accelerating company growth in the automotive market. Bourgeois brings a strong background in data and…