Financial News

Asbury Automotive Group, Inc. entered into a definitive agreement to acquire certain assets of Park Place Dealerships, one of the country’s largest and most prominent luxury dealer groups for $685…
Ford Motor Co. sold a total of 433,869 in Q2, a 33 percent year-over-year from 2019, though retail sales were only 14.3 percent off year-over-year. Shutdowns and shelter-in-place restrictions had…
 Total nonfarm payroll employment rose by 4.8 million in June, and the unemployment rate declined to 11.1 percent, the U.S. Bureau of Labor Statistics reported July 2. These improvements in…
American Honda sales topped 114,000 in June, still 15.5 percent off June 2019. Trucks made up nearly 69,000 of those sales. It also sold more than 293,000 in Q1. For…
Mazda North American Operations reported total June sales of 25,326 vehicles, an increase of 10.9 percent compared to June 2019. Sales in the first half of the year totaled 128,869…
Group 1 Automotive Inc., an international, Fortune 500 automotive retailer, provided an operational update on its business for the second quarter 2020 and noted significantly improving market conditions and operating…
Rollick, founders of the GoRollick vehicle buying marketplace, and Synchrony, a premier consumer financial services company, announced a new financing program partnership that is designed to help increase powersports sales…
Upstart, artificial intelligence (AI) lending platform, announced support for auto loans as part of its consumer lending platform. With Upstart’s new service, banks can offer refinance and purchase finance loans…
Wholesale used vehicle activity steadily improved over the course of May as the market moved toward recovery of both sales volumes and prices, according to the June 2020 Used Car…