Tag Archives: auto

Hyundai reported a 1 percent sales increase in July 2020 compared with July 2019, and Mazda was up by 3 percent. But Honda was down 11 percent, Subaru was down 20 percent, and Toyota reported a 22 percent decline. Hyundai says that its inventory levels across the country are stable, …

Every sector of the U.S. economy, it seems, has been touched by the coronavirus pandemic. Retail, entertainment, hospitality, health and service are among the most affected industries, given their consumer-facing nature. Yet the deadly virus has touched essential service workers who don’t often make headlines, who worked quickly in the …

Automotive loans in forbearance stayed relatively steady in June compared with record-setting growth in April and May, credit bureau TransUnion said last week. Flattening forbearance figures could be a subtle sign of improvement, but it likely represents a shuffling of impacted consumers. Auto accounts in financial hardship — defined by …

Two of the largest U.S. auto lenders are embracing caution as the automotive finance industry grapples with uncertainty regarding the duration and severity of the novel coronavirus outbreak. Lenders are weighing heightened risk from consumers impacted by the pandemic against increased competition over fewer deals because of tight new-vehicle inventories …

Illustration By Christian RoblesCar and Driver More of Car and Driver‘s Greatest of All Time package, which appears in July’s issue. If you’re like us, you’ve found yourself talking about cars at a dinner party, on a date, or with your airplane seatmate—those were the days—when slowly you realize your …

During the coronavirus pandemic, federal, state and local governments have introduced measures designed to prevent the spread of the deadly virus, preserve economic stability and provide for Americans hardest hit by the crisis. Measures at every level have been criticized as being too harsh, too lax, overreaching and incomplete, depending …

Auto fraud has increased exponentially in the wake of the coronavirus pandemic as some people attempt to take advantage of the unprecedented moment in time. Investing in identity verification technologies can reduce fraudulent auto originations during the crisis, fraud experts said, but only if dealerships and lenders are on board. …

Toyota’s venerable small car can always learn a few new tricks. When it arrives in dealers later this year, the 2021 Toyota Corolla will offer standard Android Auto and satellite radio compatibility, as well as more standard and available safety equipment, Toyota spokesman Zach Reed confirmed. Reed didn’t say how …

As lenders tighten credit access to mitigate risk from the coronavirus pandemic, dealerships face more difficulty getting customers approved for auto loans. A survey by the Federal Reserve issued to “select large banks” signals that more stringent lending practices have been adopted for consumer loans, including auto loans. Sixteen percent …