Gail Kachadourian Howe

Some trim levels qualify for the EV credit, and others do not, Sean Tucker, senior editor at Kelley Blue Book said.

Franchise dealerships' total payroll in 2022 was up from 2021, but the average number of new and used vehicles sold per employee fell.

Income misrepresentation is auto lender's biggest fraud concern this year.

About 40 percent of General Motors dealers in the U.S. finance their floorplans with GM Financial.

Average F&I profit per vehicle retailed in Q1 rose slightly at AutoNation and Sonic, while other publics saw a decline.

Taylor CDJR's daily improved communication and digitized F&I sales increased profit per vehicle to more than $2,400 from $1,100.

Penske Automotive's Q1 retail automotive same-store service & parts revenue was $643 million, up 10 percent from the same period a year ago.

GM Financial's full-year 2023 earnings expectations remain in the mid-$2 billion range.

CarMax is prequalifying customers online so shoppers know which cars they can afford from the start.

Auto lenders support an appeals court decision that affirmed guaranteed asset protection waivers are exempt from the Military Lending Act.

The plaintiff could appeal and ask the full 4th Circuit to revision the decision, or take the case to the U.S. Supreme Court. In both cases, however, those requests are rarely granted.

Marcelo Brutti was Hyundai Capital's chief risk officer from 2016 to 2019, when he established the company's enterprise risk management program and had responsibility for Hyundai Capital Canada.

Capital One decided to exit floorplan lending on March 29, but will stay in the auto finance business.

A former Betten Baker Chevrolet-Buick of Cadillac title clerk is on bond after being accused of embezzling $68,000.