Financial News

FCA US LLC sold 499,431 vehicles in the fourth quarter and 1,820,636 vehicles for 2020 as a resilient dealer network offset much of the decline in fleet sales caused by…
Porsche Cars North America announced retail deliveries in 2020 totaled 57,294 vehicles – PCNA’s second-best year ever, down only 6.9 percent from 2019 due to pandemic effects but still ahead…
Toyota Motor North America (TMNA) reported December 2020 sales of 249,601 vehicles, an increase of 20.4 percent on a volume basis and up 7.5 percent on a daily selling rate…
The Consumer Financial Protection Bureau issued a consent order against Santander Consumer USA Inc. to address the Bureau’s finding that it violated the Fair Credit Reporting Act (FCRA). The consent…
New-vehicle retail sales for the month of December are expected to be up from December 2019, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales for…
CarMax Inc., the nation’s largest retailer of used cars, recently reported strong results for the third quarter ended Nov. 30. Net earnings for the third quarter increased 35.9 percent and…
Jason “Jay” Alba, 47, died unexpectedly on Dec. 20. Alba was executive director of remarketing operations for Ally Financial, where he worked for 13 years. He was born in New…
Boosted by year-end sales and extra selling days, light-vehicle sales in the U.S. for December are expected to finish near 1.54 million, a 1.9 percent increase over last December, according…
NextCar Holding Company Inc. (NXCR), a fintech and insurtech vehicle subscription platform, and Westlake Financial have signed a letter of intent to secure a NXCR $400 million debt facility, and…