May 01, 2024
Dealer Headlines | Finance & Insurance | Retail
Fed holds rates steady, flags ‘lack of further progress’ on inflation
The Federal Reserve said it "does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably towards 2%."
May 01, 2024
Credit Acceptance Corp. Q1 2024 earnings: Net income fell 35 percent year over year during the first quarter as the major national car loan company grew its loan portfolio but had higher expenses.
Apr 30, 2024
Dealer Headlines | Finance & Insurance
Lithia: Driveway Finance has $2M loss in Q1, still on track for profitability in 2024
Lithia Q1 2024 earnings: Car dealer Lithia Motors Inc.'s developing captive finance company Driveway Finance Corp. lost $2 million during the first quarter, compared with a $21 million loss a year earlier.
Apr 29, 2024
AutoNation CFO Thomas Szlosek said that AutoNation Finance is making steady progress as the division continues shift to company customers.
Apr 29, 2024
Current Issue | Dealer Headlines | Finance & Insurance
Manager took bribes in exchange for high-demand vehicles, lawsuit alleges
The sales manager of a luxury dealership in South Carolina commanded hundreds of thousands of dollars in "under-the-table" payments from customers hungry for high-demand vehicles.
Apr 19, 2024
Current Issue | Dealer Headlines | Finance & Insurance | Retail
Former AFG exec reveals 2023 CareGard data breach, criticizes company’s response
AFG Cos. was unprepared for a ransomware attack last summer, for months had been unsure of the extent of the breach, and as of early this month hadn't alerted automaker partners or the agents selling its coverage to dealerships, a whistleblower alleges.