At $4.27 a Gallon, Up $1.23 in a Year, Gas Is Pushing Hybrids to a Record 16% of Sales While EVs Slip
Gasoline is up $1.23 in a year, and federal data shows hybrids at a record 16 percent of sales while…
Car Market
Stellantis Cut North American Shipments by 47,000 and Earned an Operating Profit. Jeep Lots Still Hold 169 Days of Supply
Stellantis North America shipments fell 12% in Q3 and the region made an operating profit, yet Jeep dealers held 169…
GM Dealers Pushed for Hybrids ‘Every Chance We Get’ While Toyota’s U.S. Sales Ran 57.4% Electrified — Now Mary Barra Says They’re Coming
Mary Barra told analysts on GM’s Oct. 20 earnings call that the company “will have...
LKQ’s Europe Margin Halved in a Year, and the CEO Left Before the Earnings Call
LKQ said on October 23 that its European segment earned an EBITDA margin of between...
The Average New-Car Buyer Isn’t 61. A $47,800 V8 Mustang Explains Why It Feels That Way
A podcast guest put the average new-car buyer at 61. Federal and industry data say younger, but the price of…
169 Days of Jeeps, 35 Days of Toyotas: The Car Glut Lives on Certain Lots
Cox Automotive counted 82 days of new-car supply in September, below a year ago. The surplus sits with Jeep, Ram…
Truist’s $5.5 Billion Near-Prime Auto Book Was Breaking Even, So the Bank Sold It and Is Shutting the Lender Down
Truist sold $5.5 billion of near-prime car loans from Regional Acceptance, a unit it says broke even, and is closing…
GM Earned $3.3 Billion Last Quarter. Its Lending Arm Set Aside 39% More for Car Loans Going Bad
Ford, GM and Stellantis have mostly finished booking their EV write-downs. The strain now shows up at their finance arms,…
The Dealership Boom Is Cracking: $120 Million Gone in One Quarter, and Buyers May Pay for It in the Finance Office
Six public dealer groups earned about $120 million less in Q2 2026 as new-car margins shrank. Aggressive stock buybacks kept…
Used-Car Lots Are Fuller Than Last Year. Good Luck Finding Anything Under $15,000
Dealers have 3.3% more used cars than a year ago, but 16.2% fewer priced at $15,000 or less, while the…
Penske and Mitsui Are Taking PAG Private for $16.3 Billion, With Help From Toyota’s and Mercedes’ Lenders
Penske and Mitsui are paying $212 a share to take PAG private, and some of the money is coming from…
Going Electric at $4.33 Gas Saves About $118 a Month. The $520 Loan Payment Eats That for Breakfast
At $4.33 gas, an EV or hybrid cuts the fuel bill, but at subprime rates the loan costs several times…
Hertz Gave Up Half the Votes in Robotaxi Unit Oro for About a Sixth of the Profits. Here’s Where the $81 Million Went
Hertz sold about a sixth of Oro's profits and half its votes for $81 million. The 8-K shows most of…
Auto Debt Just Hit $1.71 Trillion. It’s Not Crashing. It’s Squeezing Used-Car Buyers Instead
Auto debt hit $1.71 trillion, but it isn't crashing. The strain is landing on used-car buyers with weak credit, long…
Diesel Is Up $2.51 a Gallon and AI Is Leading the Layoff Charts. Anyone Who Has to Drive to Work Is Getting Squeezed
Fuel up 41 to 69 percent, AI the top-cited reason for layoffs, hiring nearly flat: every cost of keeping a…