Automotive News

Retail

Aug 05, 2020
Net income fell 38 percent for the captive lender in the second quarter, though auction performance and customer credit metrics improved.
Aug 05, 2020
After a swift transition to digital processes in a challenging environment, retailers say hurdles remain in digitizing the F&I process.
Aug 05, 2020
Generous incentive programs geared toward prime credit buyers, including 0 percent financing for 84 months and 120-day payment deferrals, helped the captive open 22 percent more loans than it did in the second quarter of 2019.
Aug 05, 2020
Between June and July, new-vehicle purchase intent in the U.S. declined 4 percent while used-vehicle intent rose 2 percent, according to a survey by McKinsey & Co. on how consumers are responding to COVID-19.
Aug 04, 2020
CDK Global reported revenue declined 8 percent in its fiscal fourth quarter, but swung to a quarterly profit with the completed sale of its digital marketing business.
Aug 04, 2020
Sonic Automotive named Keri Kaiser a director, making her the only woman on the retailer's board.
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