Author: Automotive News Breaking News Feed
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Retailer AutoCanada’s Q3 net income jumps 38%
Publicly held dealership group AutoCanada said today its net income rose 38 percent in the third quarter from a year earlier to C$10.6 million ($10.3 million), as revenue rose 35 percent to a quarterly record $392.5 million.
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Survey: For U.S. shoppers, fuel economy trumps performance
Two out of three car shoppers in the United States would sacrifice performance for fuel economy, and reliability is the biggest factor is choosing a new vehicle, according to a study by a Detroit-area consulting firm.
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Frothy subprime borrowing drives U.S. sales, raises alarms
As the fifth anniversary of the Federal Reserve’s policy of keeping interest rates near zero approaches, the market for subprime borrowing is once again becoming frothy, this time in the car industry.