Hertz bankruptcy risk could flood used market
All of Hertz’s $6.04 billion outstanding asset-backed lease securitizations were downgraded by Fitch Ratings today, further spurring concerns that the ...
Tag: Cox Automotive
Used-vehicle values crash to 3-year low
Wholesale used-vehicle values in April were unable to bounce back from Manheim’s first mid-month progress report, falling 11.4% from March. ...
Hertz and Avis cancel orders in setback for ailing carmakers
Rental-car companies struggling to survive the coronavirus pandemic’s catastrophic blow to their business have been working with automakers to call ...
Wholesale used-vehicle values plummet in early April
The Manheim used-vehicle value index plummeted 11.8% for the first 15 days of April compared to March, according to a ...
Fear of an impending car-price collapse grips auto industry
The auto industry -- already fretting lengthy factory shutdowns and depressed new-vehicle demand -- is starting to sound the alarm about a ...
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 ...
COVID-19: Auto finance faces the global pandemic [FEATURE]
Editor's note: This article first appeared in the April edition of the magazine, available now. After a decade of exponential ...
Honda, BMW suspend production due to decline in demand
The automotive industry is at risk of high exposure due to fallout from COVID-19, according a Moody's Investors Service report ...
