UPDATED, October 24 – Tesla shocked the experts by reporting a Q3 profit of $143 million, causing its stock price to spike by nearly 20%. The company said it took out substantial costs from its operations. As predicted, Tesla’s revenues…
UPDATED, October 24 – Ford reported a better Q3 than analysts expected with earnings at 34-cents a share vs. the 26-cents most analysts predicted, but still on lower revenue than was predicted. However, Ford warned it was trimming its full-year…
Auto Remarketing, Oct. 18, 2019 – Lease penetration a shade below 30% not only means that demand for leasing is strong, but future off-lease volumes should continue to be plentiful to a used-car market that hasn’t just absorbed the additional supply,…
The week ended with positive movement on a possible end to the UAW strike against GM and an orderly Brexit. Brexit optimism was short-lived. By late Saturday Prime Minister Boris Johnson grudgingly asked the European Union for another delay, per…
The UAW and General Motors reached a tentative 4-year labor contract covering 46,000 hourly workers but the strike – now the longest against GM since 1970 – will continue as union members vote on the agreement over the next week.…
The 2019 retail leasing volume has decreased 1.3% year over year through August, roughly in line with the overall market. Lease penetration, however, is at 29.6% through August and is running above where we finished last year at 28.6%. In…
Sales of certified-preowned (CPO) vehicles decreased 4% year over year in September but were up 4.7% in Q3 versus Q3 2018. For the month, 204,946 CPO units were sold. This year CPO sales are up 2.4% versus 2018 with over…
WardsAuto, Oct. 14, 2019 – Product affordability has become a big auto industry issue, but what’s causing the steady rise in new-car transaction prices? Part of it is that automakers are putting more advanced technology systems into their vehicles, making some…
September sales volumes were lower as expected, with fewer selling days and no Labor Day weekend in the mix. Compared to 2018, industry volume was down 11%. The sales pace was still relatively healthy though, thanks in part to strong…
The stock market snapped a three-week losing streak thanks to a bounce Friday related to the announcement of a new “skinny (trade) deal” between the U.S. and China that found common ground on a narrow set of terms and postponed…
