Financial News

ALG expects used-vehicle sales will come in flat for July. The firm expects sales to reach 3,331,762 units, down 0.8 percent year-over-year and flat from June. Automaker average incentive spending…
The Conference Board Consumer Confidence Index rebounded in July, following a decrease in June. The Index now stands at 135.7, up from 124.3 in June. Consumers’ outlook for the labor…
Consumer Portfolio Services Inc. announced earnings of $1.8 million for the second quarter, compared to net income of $3.2 million in the second quarter of 2018. Revenues for the second…
EchoPark, Sonic Automotive Inc’s chain of used-car superstores, is on track to exceed $1 billion in revenues this year. Sonic reports revenues of $291.7 million for EchoPark during the second…
According to a recent survey by TD Bank, 73 percent of small businesses provide support to local causes and charities to show their commitment to giving back and to express…
Automotive Finance Corp. has promoted Kyle Maurer to vice president of operations for the East Division. Maurer joined AFC in 2007 as regional manager after four years at Ford Motor…
Santander Consumer USA Holdings Inc. announced net income for the second quarter of $368 million. Total auto originations rose 5 percent to $8.4 billion. Core retail auto loan originations were…
Santander Consumer USA Holdings Inc. recently announced a pair of senior management appointments. Fahmi Karam, SC's head of pricing and analytics, will become chief financial officer effective Sept. 16. He…
AUL Corp. promoted Jason Garner to senior vice president of strategic product development and Paul McCarthy to senior vice president of agency and dealer sales. Garner will now provide leadership…