Double-Digit Decline in Ally Financial Q1 Net Income
Despite a 51% net income decline, the company’s net income is higher year-over-year.
Despite a 51% net income decline, the company’s net income is higher year-over-year.
US Court of Appeals for the 4th Circuit affirms bundling Guaranteed Asset Protection coverage in financing does not make an auto loan subject to the Military Lending Act.
Still worse year-over-year, since prices and loan rates are elevated.
Policymakers must do their part and update building codes, improve utility planning and implement clean-energy standards to fully realize ACC II benefits.
New Experian report shows average loan amount increases tapered off, while average terms decreased.
The first week of March started off as expected with sales rates continuing to increase across the country.
Cox Automotive forecasts sales will increase nearly 4% from 2022 and from January 2023.
Now in week three of February, we continue to see the wholesale market improving.
According to EV-Volumes data, from Jose Pontes, five OEMs handled more than half of all EV sales.
Toyota Motor Corp’s next chief executive, Koji Sato, is calling for an “EV-first mindset” for the Japanese automaker.
The AG’s Office settled with Toyota Motor Credit Corp. for illegal auto finance collection practices and Hometown Auto Framingham for discriminatory prices of add ons.
Early signs of a potential Spring bump in the market are starting to emerge with the Sporty Car segment reporting an increase for the second consecutive week.
GM also announced a total investment of $6.5 million at its Michigan-based Ypsilanti Processing Center and Davison Road Processing Center.
Around $28 billion in green bonds are available globally for automakers to help fund their transition to electric vehicles.
The company reported a profit before tax of $326 million for the quarter ending in December.
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