All of the latest auto industry news to keep you up-to-date with everything you need to know!
- Carvana Settles Dispute with State of Illinoisby Staff on January 25, 2023 at 8:02 pm
The used car retailer will continue to operate in Illinois under some restrictions.
- Green Bond Availability Growsby Staff on January 25, 2023 at 7:49 pm
Around $28 billion in green bonds are available globally for automakers to help fund their transition to electric vehicles.
- Jaguar Land Rover Reports Profit for Q3 of its Fiscal Yearby Staff on January 25, 2023 at 7:35 pm
The company reported a profit before tax of $326 million for the quarter ending in December.
- Rethinking F&I Product Prioritieson January 25, 2023 at 12:56 am
When you are selling multiple products in order of priority, it is important to examine your ranking to decide if your predetermined order still makes sense.
- F&I Practice?on January 25, 2023 at 12:45 am
Would you consider yourself an F&I professional? If your answer is yes, I have another question; How often do you practice?
- Brazil Vehicle Sales, May 2023on June 7, 2023 at 11:15 pm
Brazil vehicle sales by vehicle type and company for May 2023. Related StoriesU.K. Vehicle Sales, May 2023Europe Vehicle Sales, April 2023Australia Vehicle Sales, May 2023
- U.K. Vehicle Sales, May 2023on June 7, 2023 at 10:58 pm
U.K. vehicle sales by vehicle type and company for May 2023. Related StoriesEurope Vehicle Sales, April 2023Australia Vehicle Sales, May 2023Mexico Light Vehicle Sales, May 2023
- May Mexico Light-Vehicle Sales Remain Strong with 17.3% Increaseby Mac Hare on June 7, 2023 at 10:42 am
Mexico light-vehicle sales in May marked 13 consecutive months of year-over-year gains, with sales rising 17.3% vs. like-2022 based on… Related StoriesMay Canada Light-Vehicle Sales Cool with 0.2% DipRobotaxis Invade More CitiesU.S. Light-Vehicle Inventory Rises in May from April as Affordable Vehicles Gain Some Traction
- May Canada Light-Vehicle Sales Cool with 0.2% Dipby Mac Hare on June 7, 2023 at 9:39 am
Consumers took home 152,210 new cars and light trucks, an average of 6,088 on each of 25 selling days. In… Related StoriesMay Mexico Light-Vehicle Sales Remain Strong with 17.3% IncreaseRobotaxis Invade More CitiesU.S. Light-Vehicle Inventory Rises in May from April as Affordable Vehicles Gain Some Traction
- Europe Vehicle Sales, April 2023on June 7, 2023 at 9:07 am
Europe vehicle sales by company region, company and country for total vehicles and light vehicles for April 2023. Related StoriesAustralia Vehicle Sales, May 2023Mexico Light Vehicle Sales, May 2023Spain Vehicle Sales, May 2023
- Spying, Trying And Fryingby Tyler Durden on June 9, 2023 at 1:45 pm
Spying, Trying And Frying By Elwin de Groot, Head of Macro Strategy and Philip Marey, Senior US Strategist at Rabobank Apart from the “Eurozone-recession-after-all” news, it is geopolitics that are in the limelight again. First of all, […]
- It Worked: Netflix Subscriptions Explode After Crackdown On Password-Sharingby Tyler Durden on June 9, 2023 at 1:25 pm
It Worked: Netflix Subscriptions Explode After Crackdown On Password-Sharing Netflix’s password-sharing crackdown appears to have been a home run, as subscriptions completely exploded over a three-day period following the announcement […]
- Trump: “I Have Been Indicted”by Tyler Durden on June 9, 2023 at 1:12 pm
Trump: “I Have Been Indicted” Former President Donald Trump on Thursday posted on Truth Social that he’s been indicted, “seemingly over the Boxes Hoax,” and that he’s been summoned to appear at the Federal Courthouse in Miami on Tuesday […]
- Binance.US Suspends USD Deposits, Warns Of Fiat Withdrawal Pauseby Tyler Durden on June 9, 2023 at 1:05 pm
Binance.US Suspends USD Deposits, Warns Of Fiat Withdrawal Pause Authored by Martin Young via CoinTelegraph.com, Binance.US said the moves are part of efforts to protect customers and the platform amid “extremely aggressive and […]
- Woke Marvel Eliminates The Punisher Due To “Problematic” Conservative Fan Baseby Tyler Durden on June 9, 2023 at 12:45 pm
Woke Marvel Eliminates The Punisher Due To “Problematic” Conservative Fan Base A year ago progressive news outlets were calling the idea of the culture war a “right-wing conspiracy theory” that had no basis in reality. Yet, the […]
Auto Finance News
- Origence launches top of funnel lending armby Joey Pizzolato on June 8, 2023 at 7:51 pm
Origence Lending Services has launched a lending arm to provide credit unions with access to upstream channels that available through traditional indirect channels. The lending arm, called FI Connect, will “absolutely not compete with credit unions,” Brian Hamilton, president of Origence Lending Services, told Auto Finance News at last week’s Origence Lending Tech Live conference
- Changing market, rates prompt banks to exit auto lendingby Amanda Harris on June 8, 2023 at 6:04 pm
Relationship priorities, rising interest rates and changing indirect lending dynamics have contributed to several banks’ recent exits from indirect auto finance. Citizens Financial Group Wednesday announced it would stop originating auto loans through dealerships on July 1 as the bank prioritizes higher-return assets and consumers with whom it has strong relationships. Mechanics Bank and KeyBank
- Allegiance Credit Union taps CDs amid liquidity crunchby Riley Wolfbauer on June 8, 2023 at 5:23 pm
PLANO, Texas — Allegiance Credit Union is leaning on certificate of deposit specials to grow liquidity as credit unions look to increase assets to originate more loans. “We tried to throw out certificate of deposit [CD] specials [to raise capital],” Amy Downs, president and chief executive of Allegiance Credit Union, told Auto Finance News Wednesday
- Early GAP refund status updates critical to multistate complianceby Riley Wolfbauer on June 8, 2023 at 5:19 pm
PLANO, Texas — Early updates on GAP waiver refund status are key to lenders remaining compliant across varying state requirements. “There’s 50 different states doing [refunds] 50 different ways,” Robert Christini, senior director of lender solution sales at Cox Automotive, said on a panel discussion during the Non-prime Auto Finance Conference. “Lenders need to look
- Carvana shares soar on forecast of improved financial resultsby Bloomberg News on June 8, 2023 at 3:03 pm
Shares in used-car retailer Carvana Inc. soared as much as 32% in premarket trading after the struggling company said its operations are improving in the second quarter. Carvana didn’t give guidance for net income but said adjusted earnings before interest, taxes, depreciation and amortization would be $50 million in the current quarter — way above
- Western Vehicles in Russia Denied Software Updatesby Eugene Gerden on June 9, 2023 at 11:45 am
An industry official says the curtailing of over-the-air updates does not involve safety features but instead involves conveniences such as remote engine starting, which is particularly desirable in the cold Russian climate.
- Alfa Romeo Leads Charge for Most-Seen Auto TV Adby Wards Staff on June 9, 2023 at 11:30 am
A new spot for the hybrid Tonale racks up the most national TV ad impressions for May 29 through June 4, per iSpot.tv.
- The Safeguards Rule Is Hereby Jim Henry on June 9, 2023 at 11:15 am
Dealerships must comply or face stiff penalties.
- 2024 Grand Highlander Grows Toyota’s Reach in CUV Segmentby Bob Gritzinger on June 9, 2023 at 10:55 am
Bigger is better when it comes to fitting a third row into the market-leading Toyota Highlander CUV, adding extra inches where it matters to create usable seating space in the ’24 Grand Highlander.
- 2024 Toyota Grand Highlanderon June 9, 2023 at 10:45 am
Toyota takes on the competition with the longer and better-equipped 3-row ’24 Grand Highlander, featuring the efficient power of the Hybrid MAX powertrain in the Platinum model.
- Flash Commentary No, 1460bon 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. 1460aon 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. 1459on 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. 1458on 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. 1457on 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
- Integrated Safety Seat – Marsupialby Steven Wicks on May 30, 2023 at 2:59 pm
The global auto industry will lead the innovation of the Integrated Safety Seat ‐ Marsupial.
- The 2023 Events Calendarby Automotive IQ on May 17, 2023 at 10:42 am
Here are all the industry-leading automotive conferences and events we are running across 2023.
- Thermal Management for ADAS Productsby Steven Wicks on May 11, 2023 at 11:53 am
How ADAS products play a crucial part in the development of EVs and require a different thermal management approach.
- Arrival Article: Ekaterina Sergeeva, PhDby Steven Wicks on May 9, 2023 at 11:36 am
The strategy to repurpose EV battery modules as a valuable input for mechanical and software development for the EV fleet.
- Developing Tools & Platforms for Vehicle User Interfacesby Steven Wicks on April 3, 2023 at 8:59 am
An article by Valentin Anisimov, Director of HMI Systems at ARRIVAL
Auto Dealer Today
- Reynolds and Reynolds Acquires AutoVisionby Staff on June 8, 2023 at 6:45 pm
Uniquely positions Reynolds to offer dealerships a complete suite of tools for their used-vehicle business needs.
- Dealers See Weak Market Aheadby Staff on June 8, 2023 at 5:26 pm
Despite a stronger Q2 market, negative sentiment lingers over weak economic conditions and high interest rates, Cox Automotive says.
- Dealers Predict Hefty Costs with New FTC Rulesby Staff on June 8, 2023 at 5:21 pm
Proposed rules would cost dealers money and consumers time, finds Center for Automotive Research.
- Premier Automotive Adds 13th Calif. Dealershipby Staff on June 7, 2023 at 11:55 pm
Acquisition brings group’s dealership total to 35 around the country.
- Pioneer Invests in CerebrumX, Collaborates on Mobility Servicesby Staff on June 7, 2023 at 8:07 pm
Companies form strategic partnership to expand services.
- “Generative AI” Wants to Write for WOLF STREET. A Gazillion Websites Got the Same Offer, Including WhiteHouse.gov?by Wolf Richter on June 9, 2023 at 2:47 am
Humans are pushing AI into everything because it’s cheaper than humans. But I have an edge: I put my soul into my writing, a human communicating with humans.
- Global Steel Production in 2022 Fell Most since 2009, Unwound Stimulus Spike of 2021. China’s Production Fell for 2nd Yearby Wolf Richter on June 8, 2023 at 8:34 pm
China still produced more than the rest of the world combined, 12 times more than the US.
- The End of Easy Money: Bankruptcy Filings Pile Up at Fastest Rate since 2010by Wolf Richter on June 8, 2023 at 1:11 am
A cleansing process, long overdue, to whittle down the corporate debt overhang and clear out deadwood, at the expense of investors.
- The Bank of Canada Un-Pauses, Hikes 25 Basis Points, Second Central Bank to Un-Pause on Resurging Inflation Fearsby Wolf Richter on June 7, 2023 at 5:48 pm
More rate hikes are on the table. “Overall, excess demand in the economy looks to be more persistent than anticipated.”
- US National Debt Spikes by $359 billion on 1st Day after Debt Ceiling Suspended. TGA Begins to Get Refilled, Draining Liquidity from Marketby Wolf Richter on June 7, 2023 at 1:03 am
The Fed’s QT is happening for the first time simultaneously with the refilling of the TGA. Both draw liquidity from markets.
- Thursday December 5 2019, Weekly News Digestby 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 Digestby 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 Digestby 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.
- Fanttik X8 Review: Helpful Cordless Inflator for Motorcycles Also Works for Car Tiresby Carl Anthony on June 8, 2023 at 3:19 am
Fanttik X8ProsSmall Yet RobustAdapters Included Will Handle Car Tires ConsNot Many 97Get Best PriceOn AmazonAffiliate Disclosure: As an Amazon Associate, Automoblog earns from qualifying purchases. Commissions from Amazon and other affiliate partners come to us at no additional cost to you. The X8 inflator seen here was sent to us by Fanttik for this review. Portable tire inflators, like the Fanttik X8, pack the convenience and functionality of a larger air compressor into a cordless, handheld unit. Complete with different connectors Original article: Fanttik X8 Review: Helpful Cordless Inflator for Motorcycles Also Works for Car Tires
- Will Auto Loan Rates Go Down With a June Rate Hike Skip?by David Straughan on June 7, 2023 at 8:29 pm
The Federal Reserve is signaling that it may skip a much-rumored rate hike following its upcoming June 13-14 meeting. That would mean that the current federal funds rate of 5.0-5.25% would remain in place until at least the following meeting on July 25-26. A decision to skip another increase to the federal interest rate would indicate that the past year-plus of aggressive interest-raising may be nearing an end. It could also signal the beginning of an end to the rapid Original article: Will Auto Loan Rates Go Down With a June Rate Hike Skip?
- NASCAR 75 Years Captures The Sport’s Greatest Moments & Most Iconic Driversby Tony Borroz on June 7, 2023 at 4:44 pm
Affiliate Disclosure: As an Amazon Associate, Automoblog earns from qualifying purchases, including the book featured here. These commissions come to us at no additional cost to you. Our Book Garage series showcases what every enthusiast should add to their library. NASCAR turns 75 years young in 2023, and celebrations are running all season long. NASCAR 75 Years is yet another wonderful publication from Motorbooks that commemorates the occasion. Like many of their books, the printing, binding, and paper stock used is top-notch. When it comes to mass-market Original article: NASCAR 75 Years Captures The Sport’s Greatest Moments & Most Iconic Drivers
- 2024 Chevy Colorado ZR2 Bison: Raising The Stakes With Monster Tires & Proven AEV Off-Road Hardwareby Alvin Reyes on June 6, 2023 at 5:37 pm
American legacy automaker Chevrolet has unveiled its newest Colorado ZR2 Bison, the most hardcore and all-conquering midsize truck from the bowtie brand. The 2024 Chevy Colorado ZR2 Bison was tested and proven on the Rubicon Trail by off-road champion Chad Hall, proof of the truck’s go-anywhere capabilities. However, the ZR2 Bison is upping the ante with its plethora of AEV off-road hardware, the most oversized tires in the segment, and a suspension designed for a mixture of work and play. Original article: 2024 Chevy Colorado ZR2 Bison: Raising The Stakes With Monster Tires & Proven AEV Off-Road Hardware
- The BMW Century Chronicles Germany’s Greatest Two & Four-Wheeled Machinesby Tony Borroz on June 3, 2023 at 4:01 pm
Affiliate Disclosure: As an Amazon Associate, Automoblog earns from qualifying purchases, including the book featured here. These commissions come to us at no additional cost to you. Our Book Garage series showcases what every enthusiast should add to their library. “This is a nice book,” I said as I leafed through The BMW Century. “Very befitting one of the world’s great automakers.” Like the cars, the book is well constructed from premium materials, telling the story of and celebrating the Bavarian company’s first century. And if Original article: The BMW Century Chronicles Germany’s Greatest Two & Four-Wheeled Machines