Financial News

Real gross domestic product (GDP) decreased 9.5 percent in the second quarter, a historic annual rate of 32.9 percent, according to the “advance” estimate released by the Bureau of Economic…
General Motors Co. reported solid second-quarter earnings, despite significant impacts to production and wholesales as a result of the COVID-19 pandemic. The results reflect actions GM has taken over the…
Santander Consumer USA Holdings Inc. announced a loss of $97 million net income for the second quarter ended June 30, 2020, or a loss of $0.30 per diluted common share.…
Asbury Automotive Group Inc. reported net income for the second quarter 2020 of $49.6 million ($2.57 per diluted share) and adjusted net income (a non-GAAP measure) of $48.7 million ($2.52…
New-vehicle retail sales in July are expected to be down from a year ago, according to a joint forecast developed by J.D. Power and LMC Automotive. Retail sales are projected…
Toyota Financial Services issued its fifth Diversity & Inclusion (D&I) Bond in the amount of $750 million. Enabling diverse underwriting firms the ability to work on high profile deals, this …
Cox Automotive reported sales of certified pre-owned (CPO) vehicles increased 9 percent year over year in June and were up 10 percent month over month compared to May. For June,…
AutoNation reported second quarter 2020 net income from continuing operations of $280 million, or $3.18 per share, which included a non-cash unrealized gain related to their investment in Vroom of…
The auto loan default rate dropped 16 basis points to 0.40 percent, according to recently released S&P Dow Jones Indices and Experian data through June 2020. The indices represent a…