News
Daily 5 report for Jan. 28: Fed decision brings no relief for dealers on affordability issues
2+ hour, 18+ min ago (60+ words) Daily 5 report for Jan. 28: Fed decision brings no relief for dealers on affordability issues'Automotive News Daily 5 report for Jan. 28: Fed decision brings no relief for dealers on affordability issues The Federal Reserve kept its benchmark interest rate target at 3.5 percent…...
Fed leaves interest rates unchanged as dealers face auto affordability challenge
8+ hour, 6+ min ago (50+ words) Fed leaves interest rates unchanged as dealers face auto affordability challenge'Automotive News Fed leaves interest rates unchanged as dealers face auto affordability challenge The Federal Reserve kept its benchmark interest rate target at 3.5 percent to 3.75 percent, offering no immediate relief…...
In our opinion: No easy answers available for affordability conundrum
8+ hour, 7+ min ago (43+ words) In our opinion: No easy answers available for affordability conundrum'Automotive News In our opinion: No easy answers available for affordability conundrum Toyota's decision to separate Gazoo Racing as its own brand will be felt at the motorsports level globally, including…...
Automakers raised prices over tariffs, but many dealerships saw no changes
1+ week, 5+ day ago (46+ words) Automakers raised prices over tariffs, but many dealerships saw no changes'Automotive News Automakers raised prices over tariffs, but many dealerships saw no changes Eyes-off systems promise quicker returns and wider rollout, as automakers weigh cost, complexity and regulation against the…...
First Shift: Fed rate cut could result in better auto loan rates
1+ mon, 2+ week ago (45+ words) The Fed's rate actions can have a ripple effect on dealership floorplan interest rates and the new- and used-vehicle interest rates indirect lenders offer auto buyers. New-vehicle inventory fell to ... First Shift: Fed rate cut could result in better auto…...
U.S. sales stumbles continue in November as affordability woes deepen
1+ mon, 3+ week ago (100+ words) While the overall market fell for the second consecutive month, some brands such as Toyota and Kia posted modest gains driven by strong demand for hybrids and lower-priced models. U.S. sales stumbles continue in November as affordability woes deepen Nissan brings…...
Canadian manufacturing PMI falls as trade tensions dent output, new orders
1+ mon, 3+ week ago (51+ words) Paul Smith, economics director at S&P Global Market Intelligence, says Canada's manufacturing 'remained in the doldrums during November.' ... Canadian manufacturing PMI falls as trade tensions dent output, new orders The overlanding segment of the market that has true, purpose-built…...
Help wanted: Labor shortage could deter Trump administration’s efforts to bolster U.S. manufacturing jobs
2+ mon, 1+ week ago (96+ words) To rebuild the U.S. automotive manufacturing base, suppliers are crying out for stable, long-term government policies. But their top need is more skilled workers. Help wanted: Labor shortage could deter Trump administration's efforts to bolster U.S. manufacturing jobs Infiniti is working with…...
Some banks loosen auto lending standards as Fed survey shows softer demand in Q3
2+ mon, 1+ week ago (58+ words) Consumer Portfolio Services and Kunes Auto Group reported competition among lenders for auto loans to consumers with near-prime credit. Some banks loosen auto lending standards as Fed survey shows softer demand in Q3 U.S. light-vehicle sales are forecast to drop for a…...
Centennial guest essay: Great Depression hit hard, but Big 3 and workers came out strong
2+ mon, 2+ week ago (51+ words) By 1935, Ford, GM and Chrysler's share of sales in the U.S. was 87 percent. Centennial guest essay: Great Depression hit hard, but Big 3 and workers came out strong Scout CEO Scott Keogh pointed to Charlotte's employee talent pool and access to nearby…...