BMW records first quarterly loss since 2009 on virus impact
BMW AG’s loss-making automotive division dragged the company into the red for the first time in more than a decade, ...
Tag: new vehicle sales
Group 1, Asbury F&I revenue hit hard by COVID-19
Vehicle sales and financing revenue were hit hard from April to June as production ground to a halt amid the ...
Ford Credit ‘pillar of strength’ for company’s Q2 performance
Ford Motor Credit outpaced expectations in Ford’s overall second-quarter performance, cementing it as a “pillar of strength” for the company with a ...
Interest rates remain low as vehicle sales recover
The average annual percentage rate (APR) for new vehicles continues to decline and vehicle sales are expected to improve in July despite pandemic-spurred setbacks that started in mid-March, according to TrueCar ...
Pulse of the Industry: Captives command over 50% of new-vehicle financing
Captive finance companies are eating up market share for new-vehicle financing as a result of aggressive 0% APR financing incentive ...
How COVID drives captive share of new-vehicle financing with JD Power’s Mike Buckingham
In this episode of the Industry Pulse, Mike Buckingham, managing director of PIN auto finance at JD Power, discusses the ...
Ally Financial net charge-offs expected to double by year end
Ally Financial forecasts its retail auto net charge-offs (NCO) to be between 1.8% and 2.1% of its portfolio by the ...
Q2 vehicle sales slump as expected
Second-quarter vehicle sales from major OEMs are providing a glimpse at the extent of the continued fallout of COVID-19 on ...
