Author: Jackie Charniga

Asbury Automotive’s revenue rose in the fourth quarter of 2018, but the dealership group’s net income slipped, in part because year-ago results were boosted by a one-time tax break.

Ally Financial’s used-vehicle originations continued to grow in the fourth quarter, driven in part by loans to Carvana, DriveTime and CarMax customers, while total auto originations fell.

Ford narrowly topped Toyota, and Mercedes-Benz ranked just above Lexus on the luxury side in Cox Automotive’s Retail Brand Scorecards Study. Top-scoring brands are poised to be winners in a changing market, Cox says.

If alternatives to traditional vehicle ownership were more accessible and affordable, consumers would be less likely to buy cars — perhaps driving U.S. retail vehicle sales down by as much as 29 percent, according to Cox Automotive.

GM extended its streak as the top manufacturer in IHS Markit’s Loyalty Awards program to a fourth year, with Ford customers displaying the most loyalty to a specific make.

After a series of scandals, Wells Fargo has restructured its auto business and is looking to turn over a new leaf with consumers and dealers.

J.P. Morgan Chase is extending payment relief for its auto customers as the government shutdown stretches into its third week, revising an earlier estimate that the relief would cease Jan. 4.

For the duration of the government shutdown, several auto lenders are offering payment relief on a case-by-case basis to affected customers.

For the duration of the U.S. government shutdown, several auto lenders are offering payment relief on a case-by-case basis to affected customers.