Ford seen as ‘canary’ with record leases spurring used-car glut
A glut of used vehicles has started to depress prices. That trend will intensify as Americans will return 3.36 million leased cars and trucks this year, another jump after a 33 percent surge in 2016, according to J.D. Power. The fallout has already begun, with Ford shaving $300 million from its financial-services arm’s profit forecast for this year.
Wal-Mart muscles into auto sales
Wal-Mart Stores, the nation's largest retailer, is jumping into car sales through partnerships with dealership groups, including AutoNation Inc., the nation's largest new-vehicle retailer, and with CarSaver, an online auto retail platform.