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The company reported a profit before tax of $326 million for the quarter ending in December.
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Last week, wholesale price declines lessened, coming in at a level on par with last July (apart from the weeks around Thanksgiving and Christmas when volume and conversions were down), before the declines began to accelerate for Q3 and Q4.
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The Detroit automaker has earmarked $854 million to prepare four plants to produce its sixth generation Small Block V-8 engine.
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Cox reports that in the auto sector sales of motor vehicles and parts fell in December.
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Bringing to market digital products that meaningfully improve the ability for consumers and dealers to interact with the lender and simplify the car buying experience.
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Portfolio has promoted 21-year industry veteran Cliff Childers to the position of managing director.
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New research from Cox Automotive shows consumer satisfaction with the car buying process declined in 2022 for the second consecutive year.
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Tesla has built a commanding lead over most major rivals in profit per vehicle, according to Reuters research.
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TransUnion research finds a lack of inventory and low interest rates turned consumers away from leasing new cars and trucks over an 11-month period.
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Cost-saving moves also include reduced hours as it tries to keep up with debt payments.
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