Huntington Bank's Nick Stanutz worries 'that the best day for us and for our dealers was yesterday.' As the auto-lending sector thrives, Stanutz discusses how lenders and dealers can avoid the financial pitfalls of the past.
Daimler's summer launch of the Mercedes S class will not be delayed by uncertainty over whether the carmaker must use a new air-conditioning refrigerant. Daimler is banking on the success of the new S class, expected to hit European markets in July, to help it to offset a weak first half.
Jeep is becoming a corporate poster child for the Twitter-hacked -- and automakers are taking note and playing defense. Companies should reassess the way they handle social media passwords after Jeep's Twitter account was invaded yesterday, a computer forensics expert suggested today.
Tesla Motors expects to become profitable in the first quarter as it works to reduce manufacturing costs and benefits from a backlog of Model S orders. Tesla's fourth-quarter revenue jumped to $306.3 million compared to $39.
Daimler AG's Mercedes-Benz had more U.S. new-vehicle registrations than BMW AG's BMW in 2012, giving the German automakers one more point of disagreement over which is the leading seller of luxury vehicles.
Lithia Motors executives said today that they expect the dealership group to increase annual revenue by 10 to 15 percent in coming years through dealership acquisitions. To reach that goal, they said, Lithia will have to look beyond its traditional western U.S. base for acquisition targets.
Sonic Automotive won’t close any dealership purchases during the first quarter, but company President Scott Smith still expects the retailer to acquire stores adding $500 million in annualized revenues during the balance of 2013.
Facing intense pressure to open up more airwaves to Wi-Fi devices, regulators today voted to rethink a 1999 decision giving vehicles exclusive access to part of the wireless spectrum as a way to make driving safer.
Experian Automotive's Melinda Zabritski said that despite conventional wisdom, it's too soon to say auto finance is all the way back, especially in some states that were hit hard when the housing bubble burst. For the fourth quarter of 2012 vs.
Business is so good for auto lenders, it actually scares them a little. Several auto lenders interviewed at the AFSA conference and during the NADA convention listed specific concerns about the future.
Audi plans to double its lineup of sport-utility vehicles to close the sales gap behind BMW as more customers seek high-riding vehicles with the cachet of a luxury brand. Audi is developing the Q2, Q4 and Q6 as a sportier alternative to its current range of three SUVs.
Infiniti has named Christian Blank its director for Germany and three other key European markets as the carmaker gears up for a major sales push in the region led by a new premium compact to rival the Audi A3 and BMW 1 series.