Advance Auto Parts delivers beneficial guidance for 2024, including a reduction in costs and optimization of financial accounting. The potential sale of Worldpac and the Canadian business may enhance ...

Li Auto's strong sales growth and market leadership in China's NEV sector continue despite phased-out subsidies, achieving record deliveries of 58,513 vehicles in December 2024. Favorable market ...

CEO David Li highlighted the company's performance in Q1 2025, noting a strong quarter with a focus on profitability, free cash flow generation, and leverage improvement. He emphasized "our fourth ...

On February 23, the CFPB issued market-monitoring orders to nine large auto lenders to provide information about their auto lending portfolios. According to the CFPB, auto finance market has seen ...

Li Auto LI reported second-quarter revenue 11% above the high end of the firm’s guidance. A vehicle margin of 21% improved by 1.3 percentage points from last quarter, largely benefiting from economies ...

In response to the recent guidance from the Consumer Financial Protection Bureau on indirect automotive finance — which could have a signfincant impact on dealerships — Dealertrack Technologies will ...