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Wards Intelligence

  • Connectivity at the Heart of Automotive Digital Transformation
    by Steve Bell on February 3, 2023 at 1:50 pm

    The launch of three automotive connectivity trackers highlights the impact of the technology      Related StoriesCanada Light-Vehicle Sales Start 2023 with 2.8% DownturnWhat’s Next for Electric-Vehicle Battery Technology? (Part 2)What’s Next for Electric-Vehicle Battery Technology, Part 2 

  • Canada Light-Vehicle Sales Start 2023 with 2.8% Downturn
    by Mac Hare on February 3, 2023 at 12:16 pm

    Consumers took home 94,466 new cars and light trucks in January, an average of 3,936 on each of 24 selling…      Related StoriesConnectivity at the Heart of Automotive Digital TransformationWhat’s Next for Electric-Vehicle Battery Technology? (Part 2)What’s Next for Electric-Vehicle Battery Technology, Part 2 

  • Toyota’s Basra on Subscriptions and Not Charging for Heated Seats
    by Christie Schweinsberg on February 3, 2023 at 11:16 am

    Toyota’s connected-tech guru predicts automakers won’t make billions on subscriptions, at least not initially.      Related StoriesQualcomm: Shift to SDVs ‘Moving Rapidly’FreeWire Talks Benefits of Battery-Backed Chargers, Why Fed Funding Isn’t Holy Grail 

  • Canada Light Vehicle Sales, January 2023
    on February 3, 2023 at 10:04 am

    Canada light vehicle sales by vehicle type, company, and brand; and by vehicle type, company, source, brand, and model line…      Related StoriesU.S. Light Vehicle Inventory, January 2023U.S. Light Vehicle Sales, January 2023U.S. Light Vehicle Sales Summary, January 2023 

  • What's Next for Electric-Vehicle Battery Technology? (Part 2)
    by Adam Ragozzino on February 2, 2023 at 4:25 pm

    Battery chemistry is advancing rapidly, spurred on by the high cost of raw materials and a coming gap in their…      Related StoriesConnectivity at the Heart of Automotive Digital TransformationCanada Light-Vehicle Sales Start 2023 with 2.8% DownturnWhat’s Next for Electric-Vehicle Battery Technology, Part 2 

Naked Capitalism

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ZeroHedge

Auto Finance News

  • Capital One doubles down on digital with Navigator Platform
    by Joey Pizzolato on February 3, 2023 at 9:27 pm

    Capital One Auto Finance is increasing its investment in digital retailing with a new dealer-facing platform that builds on its Auto Navigator tool. Navigator Platform allows dealers insight into the legwork customers have done before coming into the dealership and provides more accurate and transparent financing offers to customers, Sanjiv Yajnik, president of financial services

  • Lower financing margin drives down Ford Credit EBT
    by Amanda Harris on February 3, 2023 at 9:10 pm

    A dip in financing margin along with lower credit loss and lease residual releases contributed to an 82.1% year-over-year decline in Ford Credit’s earnings before taxes in the fourth quarter.   EBT came in at $191 million, a decline of 67.6% sequentially, according to the captive’s earnings presentation, which does not list any distributions to Ford

  • Filling the gaps: 4 ways to improve DEI in auto finance
    by Riley Wolfbauer on February 3, 2023 at 8:18 pm

    The auto finance industry has made progress in the last few years to create a more equitable and inclusive work environment, but there are still gaps to fill. Initiatives such as mentorship programs, internal training and open discussion forums are improving diversity, equity and inclusion within organizations, but DEI advocates agree that there is more

  • Equipment Financers remain optimistic despite recession talks
    by Johnnie Martinez II on February 3, 2023 at 5:38 pm

    Equipment financiers remain optimistic about 2023, even as inflation and recession fears continue to linger.  “Our folks haven’t missed a beat during the last recession; they haven’t missed a beat when interest rates are high, they don’t miss a beat when interest rates are low,” Ralph Petta, president and chief executive of the Equipment Leasing

  • US payrolls surprise with surge as jobless rate hits 53-year low
    by Bloomberg News on February 3, 2023 at 3:59 pm

    The US labor market burned red-hot in January as hiring unexpectedly surged and unemployment fell to a 53-year low, defying recession forecasts and adding pressure on the Federal Reserve to keep raising interest rates. Nonfarm payrolls increased 517,000 last month after an upwardly revised 260,000 gain in December, a Labor Department report showed Friday. The

WardsAuto

Shadow Stats

  • Flash Commentary No, 1460b
    on June 21, 2021 at 12:57 am

    • Fundamentals Could Not Be Stronger for Gold and Silver, nor Weaker for the U.S. Dollar and Stocks, Despite Fed or Market Nonsense to the Contrary • There Is No V-Shaped Recovery • Battered, Non-Recovered May 2021 Payrolls and Unemployment Confirmed a Still-Ravaged Economy on Par With the Great Depression • Severely Negative Annual Revisions to Industrial Production Mean the Economy Was in Recession Well Before the Pandemic Hit • Business-Cycle Conditions Are Collapsing Rapidly, Amidst an Extreme Acceleration in Inflation • 2021 Social Security Cost of Living Adjustment (COLA) Could Spike to a 40-Year High, Based on Potential Third-Quarter 2021 CPI-W • Bureau of Labor Statistics Reveals It Cannot Measure the CPI Properly, At Present • FOMC Has Trouble Forecasting Inflation One Quarter Ahead, Let Alone Two Years Ahead • Despite Talk of “Tightening” in 2022 or 2023, FOMC Is “Easing” Anew in Its Latest Actions

  • Flash Commentary No. 1460a
    on May 31, 2021 at 11:07 pm

    • Benchmarked Industrial Production Revised Sharply Lower; Both Manufacturing and Mining Were Hit Hard • New Numbers Indicate the Economy Was in a Deepening Recession, Well Before the Pandemic Shutdown and Collapse • Old Numbers Showed Production Peaked in December 2018 and Flattened Out, February 2020 Pre-Pandemic Peak Was 3.75% Higher Than the Pre-Great Recession Peak • New Numbers Show Production Peaked in August 2018 and Entered Protracted Decline, February 2020 Pre-Pandemic Peak Was 1.11% (-1.11%) Below the Pre-Great Recession Peak • Manufacturing Sector Has Never Recovered Pre-Great Recession Peak Levels • April 2020 Pandemic/Economic Trough Revised Lower by 5.1% (-5.1%) • Economic Recovery Is Not as Close as Hyped by the Consensus Outlook • Negative Implications Here for the July 29th GDP Benchmarking • Chances Are Reduced for Moderating Extreme Monetary and Fiscal Policies • Evolving Circumstances Remain Extremely Strong for Gold and Silver, and Weak for the U.S. Dollar and Stocks, Despite Central Bank or Other Systemic Machinations to the Contrary

  • Benchmark Commentary No. 1459
    on April 21, 2021 at 9:15 am

    • Intractable and Deteriorating Conditions Still Signal No Imminent Economic Recovery, Irrespective of Some Bounces in March Activity Against Weather-Driven February Collapses • Monthly Annual and Post-Pandemic Payroll Declines Have Stabilized Around Minus Six-to-Seven Percent for the Last Eight Month, Weakest Showing Since 1946 • Annual-Change Gyrations Are Just Beginning for Economic, Inflation, Money Supply and Financial Return Numbers, as the Pandemic-Driven Collapse Passes It First Anniversary • Beyond Year One, Multi-Year, Crisis-Driven Collapses Need to Be Assessed Against Pre-Crisis Levels, or Stacked Two-Year Change, As Well As Year-to-Year Change • The Federal Reserve Overhauled Its Money Supply Reporting, Redefining Traditional M1 from 34.8% to 93.4% of a Not-Redefined Total M2 • This Masked Accelerating Flight-to-Liquidity in Traditional M1 from Non-M1 Components of M2 • ShadowStats Defined “Basic M1” — Combined Currency and Demand Deposits — Still Reflects the Extraordinary Liquidity Flight to, and Surge in the Narrower Money Supply • Expanded Federal Reserve Accommodation Remains Likely Well Into 2023, Given the Increasingly Negative Outlook for Imminent U.S. Economic Recovery • Fed Chair Powell Noted That Surging Money Supply No Longer Boosts the Economy • That Is Because the Current Collapse Is Pandemic, Not Business-Cycle Driven; Surging Money Growth in a Non-Business-Cycle Collapse Can Trigger Hyperinflation • Surging Monetary Base, Reserves and Currency Indicate Intensifying Systemic Problems • Underlying Fundamentals Remain Extremely Strong for Gold and Silver, and Weak for the U.S. Dollar and Stocks, Despite Central Bank or Other Systemic Machinations to the Contrary

  • Flash Commentary No. 1458
    on February 24, 2021 at 9:59 am

    • January 2021 Manufacturing Declined Year-to-Year for the 19th Consecutive Month, Still in the Downturn Induced by the FOMC 15 Months Before the Pandemic Collapse • Where January 2021 Year-to-Year Manufacturing Contracted by 1.0% (-1.0%), It Also Contracted by 1.8% (-1.8%) from January 2019, Two Years Ago • While the January 2021 Cass Freight Index® Gained Year-to-Year for the Fourth Straight Month, It Also Contracted by 1.6% (-1.6%) from Two Years Ago • Despite Happy Headline Gains in January 2021 Real Retail Sales, Production and Construction, the Underlying Payroll Employment Numbers Tell the Opposite Story • First-Quarter 2021 GDP Remains at Risk of Relapsing into Quarterly Contraction • January 2021 Producer Price Index Monthly Inflation Hit a Record, 10-Year High • U.S. Dollar Collapse Accelerates • Holding Physical Precious Metals Remains the Best Hedge Against Developing Inflation and Financial-Market Turmoil

  • Flash Commentary No. 1457
    on February 16, 2021 at 3:21 am

    • Pandemic-Driven Unemployment Soared to an April 2020 Peak of About 32%, Worse Than in the Great Depression; Such Was Against a January 2020 Pre-Pandemic U.3 Unemployment Rate of 3.5% • In the Latest Four Months, Pandemic-Driven Unemployment Has Leveled Off Around 12%, Worst Since Before World War II, Other than for the Pandemic • Payroll-Employment Benchmark Revisions Showed a Deepening, Accelerating Decline into an April 2020 Trough, With Renewed Deterioration at Present; Recovery from the Pandemic Shutdown Has Stalled and/or Is Regressing • January 2021 Annual Growth in Money Supply M1 and M2 Surged to Respective Record Highs of 69.7% and 25.8%, Despite Some Downside Benchmark Revisions • Near Record Growth of Currency in Circulation Foreshadows Inflation Risk • Nonetheless, January 2021 CPI-U Annual Inflation Hit a Soft, Ten-Month High of 1.4%, Boosted by Gasoline Prices, but Constrained by Mixed Food and Core Inflation • Stock Indices Are At or Near All-Time Highs, Coming into the First Anniversary of the Pre-Pandemic Stock-Market Peaks and Subsequent Crashes • Near-Term Financial-Market Turmoil Likely Is Far from Over, Given Renewed Deterioration in Economic Conditions

Automotive iQ

Auto Dealer Today

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Wolf Street

Lending Times

  • Thursday December 5 2019, Weekly News Digest
    by Allen Taylor on December 5, 2019 at 3:06 pm

    News Comments Today’s main news: SoFi gets BitLicense in New York. Funding Circle unveils 250M GBP securitization of SME loans. Zopa raises 1.4M GBP. RateSetter to close family finance product. RMBS gears up for securitization windfall. Reserve Bank of India raises P2P lending limit by 5x. Today’s main analysis: Prosper performance update – October 2019. The post Thursday December 5 2019, Weekly News Digest appeared first on Coin times.

  • Friday November 29 2019, Weekly News Digest
    by Allen Taylor on November 29, 2019 at 2:27 pm

    News Comments Today’s main news: Funding Circle US launches Small Business Choice. LendingPoint closes $175.6M direct-to-consumer securitization. Chinese P2P lenders have 2 years to change business model. Klarna starts new merchant partnership every 8 minutes. Today’s main analysis: Cities where millennials have the highest credit card balances. Today’s thought-provoking articles: Schwab to acquire TD Ameritrade, The post Friday November 29 2019, Weekly News Digest appeared first on Coin times.

  • Thursday November 21 2019, Weekly News Digest
    by Allen Taylor on November 21, 2019 at 2:57 pm

    News Comments Today’s main news: SoFi helps Pro.com make home improvement loans. BlueVine raises $102.5M. OCC, FDIC propose Madden fixes. Twino CEO stands down, platform hits 1B euro in loans issued. Funding Xchange raises $10.4M. Today’s main analysis: LexinFintech lending business analysis (A MUST-READ). Today’s thought-provoking articles: Fed rate inversion. 10 cities that cost money The post Thursday November 21 2019, Weekly News Digest appeared first on Coin times.

Automoblog

  • Warranty Labor Rates Subject of New Colorado Bill
    by David Straughan on February 3, 2023 at 1:42 pm

    Lawmakers in Colorado introduced a bill on January 27, 2023 that would regulate reimbursement practices for automaker warranties. If passed, the ensuing law would require car manufacturers to reimburse dealerships for labor performed under warranty at the same rate that customers pay. The bill is similar to a law that went into effect in Illinois in January 2022. New Bill Would Likely Increase Compensation for Repairs Under Warranty Current Colorado law requires automakers to provide timely compensation to car dealers Original article: Warranty Labor Rates Subject of New Colorado Bill

  • 2024 Mazda CX-90: Could Mazda’s Flagship Three-Row SUV Deliver The Goods?
    by Alvin Reyes on February 2, 2023 at 8:19 pm

    Japanese automaker Mazda recently debuted its CX-90 flagship SUV, a three-row luxury-performance contender to square off with the industry’s best, a who’s who of seven-seat superstardom that includes the Kia Telluride, Honda Pilot, Toyota Highlander, and Subaru Ascent. Furthermore, the upmarket intent means the 2024 Mazda CX-90 faces stiff competition from ‘le spirited Germans, like the BMW X5, Audi Q7, and Mercedes-Benz GLS. “With each new vehicle launch, we challenge ourselves to progress through our human-centric approach of design and Original article: 2024 Mazda CX-90: Could Mazda’s Flagship Three-Row SUV Deliver The Goods?

  • 2023 Maserati Grecale: Upsetting The Competition With Killer Looks & Lots of Extra Power
    by Alvin Reyes on February 2, 2023 at 6:33 pm

    We first got acquainted with the Maserati Grecale in March 2022 as the trident brand’s weapon of choice in the hotly-contested compact luxury SUV niche. Maserati’s newest baby SUV has sporty driving in mind, with a slew of potent turbocharged hybrid (and electric) power to further emphasize the point. Eyeing the top spots dominated by the BMW X3, Genesis GV70, and Porsche Macan, the Grecale has its work cut out, but it’s entering the battle well-prepared. “Grecale launches a new Original article: 2023 Maserati Grecale: Upsetting The Competition With Killer Looks & Lots of Extra Power

  • 28 Best “Your Car’s Extended Warranty” Memes
    by David Straughan on February 2, 2023 at 4:37 pm

    You’re not the only one getting repeated phone calls about your vehicle. Telemarketing robocalls have become so prevalent that “your car’s extended warranty” memes have been popping up across the internet. We’ve collected some of the very best for you to scroll through in the following article. The Best Your Car’s Extended Warranty Memes After scouring the internet for the best extended warranty memes, we settled on 28 that made our warranty researchers laugh the hardest. These are our favorites Original article: 28 Best “Your Car’s Extended Warranty” Memes

  • 2024 Mercedes-Benz CLA: New Baby Benz Gains Turbo-Hybrid Powertrain & Updated Styling
    by Alvin Reyes on February 1, 2023 at 12:28 am

    Mercedes-Benz has discontinued the A-Class for 2023, making the new CLA the most affordable car in the German automaker’s North American lineup. The 2024 Mercedes-Benz CLA officially earns the “Baby Benz” title once held by the exemplary C-Class, which could be a blessing or a curse. It means the 2024 CLA is now an ambassador for the Mercedes-Benz brand, a gateway to the premium ownership experience of driving a three-pointed star. 2024 Mercedes-Benz CLA: What’s New? The refreshed Mercedes-Benz CLA Original article: 2024 Mercedes-Benz CLA: New Baby Benz Gains Turbo-Hybrid Powertrain & Updated Styling