Coronavirus curbs car-buying appetite [FEATURE]
Editor's note: This feature first appeared in the April issue of Auto Finance News, available now. As major auto lenders ...
Tag: Coronavirus
Toyota lays off 5,000 temps, postpones North American reopening
Toyota Motor Corp. is laying off about 5,000 temporary staff employed by partner agencies as it extends the shutdown of ...
Tesla plans no-pay furloughs, salary cuts while plants idled
Tesla Inc. will furlough non-critical employees without pay and temporarily cut executive salaries as much as 30% to conserve cash ...
Bank of America defers ‘tens of thousands’ of auto loans
Bank of America’s auto division has deferred “tens of thousands” of auto loans since first implementing its consumer relief measures ...
Honda, Nissan to stop paying furloughed workers at US plants
Honda Motor Co. and Nissan Motor Co. will temporarily stop paying workers laid off from their idled U.S. plants as the coronavirus ...
March SAAR decline a glimpse of April woes
The deterioration of used-vehicle values and decline in total sales volumes during the latter half of March provides a glimpse ...
CECL reporting adds transparency for investors
Increased loss reserves from Current Expected Credit Losses (CECL) requirements, and the resulting transparency required from auto lenders, could ease ...
CarMax pumps brakes on expansion, bolsters liquidity
CarMax has scaled back extensively to ensure its financial position amid the coronavirus epidemic, after finalizing plans to boost growth ...
