DETROIT — Ford Credit posted a $ 1.1 billion profit in the third quarter, up 53 percent from the same period a year earlier as strong auction values helped the lender to its best results since 2005. Ford Motor Co.’s finance arm, which CEO Jim Farley called a “secret weapon,” …
Read More »Hyundai and Mazda Up, Toyota and Honda Down as U.S. Auto Sales Show Mixed Results
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, …
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