The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

News By Topic: Financial Info (sales figures, financial reports, etc.)

Nutson's Auto News Weekly Wrap-up - Automotive News And Opinion From Week Ending April 25, 2020

Nutson's Auto News Weekly Wrap-up - Automotive News And Opinion From Week Ending April 25, 2020

Wuhan Virus Drives Worldwide Car Sales Batso; RAM Recall; Hyundai Recall, Subaru Recall, Car Makers Schedule Production; Digital Auto Sales Bright Spot, Barrett-Jackson Digital Only Auction, Drive-in Resurgence?, In Car Shows Rolling Along, Pebble Beach Concurs Cancelled, C.A.R. Goes Digital, Buh-Bye GM's Maven, Ford B ... Continue reading

AUTO LAB TALK RADIO FROM NYC, Saturday April 25, 2020; WNYM Radio AM 970 7-9 AM

AUTO LAB TALK RADIO FROM NYC, Saturday April 25, 2020; WNYM Radio AM 970 7-9 AM

Auto Lab Talk Radio on New York City's WNYM Radio AM 970 Is Streamed Worldwide On TheAutoChannel.Com This a a Prerecorded Best Of Auto Lab - No Calls Please Auto Lab is a 28 year old interactive automotive-focused New York area radio call-in show hosted by Professor Harold Wolchok. Each week a cadre of experienced hand ... Continue reading

July 2018 - "Everyone Wants To Get Into Da Act!" GM Expands Maven, Airbnb-like Peer to Peer Car Rental- Oops April 2020 - GM shutting the lights

July 2018 - "Everyone Wants To Get Into Da Act!" GM Expands Maven, Airbnb-like Peer to Peer Car Rental- Oops April 2020 - GM shutting the lights

GM Expands Maven Car-Sharing Program The automaker’s platform will allow peer-to-peer rentals of vehicles. ​DETROIT July 31, 2018; General Motors Maven car-sharing program will soon include peer-to-peer vehicle rentals, Marketing Daily reports. ... Continue reading

China to Cut Subsidies on New-Energy Vehicles (EVs) 10%

China to Cut Subsidies on New-Energy Vehicles (EVs) 10%

Reuters reported that China will cut subsidies on new energy vehicles such as electric cars by 10 percent this year, the finance ministry said Thursday, following a decision last month to continue providing incentives to buy cleaner light vehicles. The government had announced plans in 2015 to end the subsidies this ye ... Continue reading

Pep Boys Reopening 11 Locations in Puerto Rico

Pep Boys Reopening 11 Locations in Puerto Rico

Eleven Pep Boys Stores in Puerto Rico will reopen to serve customers two days a week. ... Continue reading

Digital Motors Provides Car Dealers With Free ‘Buy From Home’ Online Solution

Digital Motors Provides Car Dealers With Free ‘Buy From Home’ Online Solution

Digital Motors® can turn any car dealership website into an online store, empowering salespeople to sell remotely, while allowing customers to pre-desk their vehicle purchase from the safety of their own home. Vehicle inventory is shown with transactable monthly lease or finance payments, taking into account available ... Continue reading

Mercedes-Benz Reports Q1 Sales of 67,746 Vehicles

Mercedes-Benz Reports Q1 Sales of 67,746 Vehicles

Mercedes-Benz USA (MBUSA) today reported Q1 sales of 67,746 Mercedes-Benz models. Additionally, Mercedes-Benz Vans recorded Q1 sales of 7,520, bringing MBUSA to a grand total of 75,266 vehicles for the quarter, a decrease of 4.3% over the comparable period last year. ... Continue reading

Online Used Car Retailer Vroom Announces Strategic Relationship with Santander Consumer

Online Used Car Retailer Vroom Announces Strategic Relationship with Santander Consumer

Vroom today announced a multi-year strategic preferred lending relationship with Santander Consumer USA, a full-service consumer finance company focused on vehicle finance and third-party servicing. The partnership is designed to enhance Vroom’s customer experience through a streamlined financing process and competit ... Continue reading

HyreCar Loses $12.5 Million In 2019 Receives $2 Million from SBA CARES Act

HyreCar Loses $12.5 Million In 2019 Receives $2 Million from SBA CARES Act

LOS ANGELES--HyreCar Inc. , the carsharing marketplace for ridesharing and food/package delivery services, today updated its reported financial results and provided a corporate update for the fourth quarter and year ended December 31, 2019 and announced receipt of $2.0 Million in funds from the SBA Paycheck Protection ... Continue reading

Tiguan Becomes Volkswagen Best Seller With Six Million Units Sold Since Debut

Tiguan Becomes Volkswagen Best Seller With Six Million Units Sold Since Debut

In spring 2020, the Volkswagen Tiguan broke the production barrier of six million units, with 910,926 units manufactured in 2019 alone. This makes the Tiguan the best-selling car in the Volkswagen brand and Group. ... Continue reading

Nutson's Auto News Nuggets - A Recap Of Key Automotive News Week Ending April 18, 2020

Nutson's Auto News Nuggets - A Recap Of Key Automotive News Week Ending April 18, 2020

Wuhan Virus Grips USA and World; Auto Sales In The Tank, Auto Sales Now Essential, Manufacturers Wuhan Virus Responses, C.A.R. Goes Virtual, Cadillac Blackwing Coming, NASCAR, E Grand Prix Updates, Pony.AI ... Continue reading

On March 12 The Auto Channel Predicted That March 2020 Auto Sales Will Tank, Down 38% No Maybe 60%

On March 12 The Auto Channel Predicted That March 2020 Auto Sales Will Tank, Down 38% No Maybe 60%

Fort Knox Kentucky, March 12, 2020; After 25 years of publishing The Auto Channel we know how toi read the advertising tea leaves. Reduced advertising, reduced sales - Duh! Let's see who is right about the sales data. ... Continue reading

MAZDA HONORS HEALTHCARE HEROES WITH NEW ESSENTIAL CAR CARE PROGRAM

MAZDA HONORS HEALTHCARE HEROES WITH NEW ESSENTIAL CAR CARE PROGRAM

Mazda North American Operations (MNAO) announced it will provide free standard oil changes and enhanced cleaning services for U.S. healthcare workers at participating dealers nationwide. ... Continue reading

Renault Withdraws From Dongfeng Joint Venture +VIDEO

Renault Withdraws From Dongfeng Joint Venture +VIDEO

Groupe Renault will focus in China on light commercial vehicles (LCV) and electric vehicles (EV). Groupe Renault will transfer its shares in Dongfeng Renault Automotive Company Ltd (DRAC) to Dongfeng Motor Corporation. DRAC will stop its Renault brand-related activities. ... Continue reading

Hyundai Doubles Support for COVID-19 Drive-Thru Testing Locations Across America

Hyundai Doubles Support for COVID-19 Drive-Thru Testing Locations Across America

Hyundai Motor America today announced the expansion of its support for COVID-19 drive-thru testing to 22 hospitals nationwide with $4 million in grants through its Hyundai Hope On Wheels program. These grants are designed to combat the coronavirus by providing increased access to testing throughout the nation. ... Continue reading

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