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Nov. 14, 2026

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Breaking News

New Owner, Same Name: Mangino Family Sells New York Dealerships to Georgica

Chinese Vehicle Ban Backed by Bipartisan Support as AAI Heads to Washington

F&I Income Up 3.5% in Q3 as Higher Costs, Slower Sales Hurt Profitability

VW to Dealers: No Sign-Then-Drive Lease Incentive This Winter

New Car Sales Improve in October as Mazda, Kia Notch Double-Digit Gains

F&I /
PenFed Plans Return to Balloon Financing and Indirect Auto Lending in 2027
PenFed plans to revive balloon financing and introduce an indirect auto lending program in 2027, potentially expanding financing options for participating dealerships. +
F&I /
Subprime Auto Loan Originations Rise Nearly 10% in Second Quarter
Subprime auto loan originations rose 9.8% year over year in the second quarter, according to TransUnion data, signaling increased lending activity among credit-challenged borrowers. +
M&A /
New Owner, Same Name: Mangino Family Sells New York Dealerships to Georgica
New York’s Mangino family announced the sale of their Albany-area Chevrolet and Buick GMC stores to Georgica Auto Holdings after nearly 50 years in business. +

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Compliance /
Chinese Vehicle Ban Backed by Bipartisan Support as AAI Heads to Washington
Alliance for Automotive Innovation officials are urging Congress to permanently ban Chinese vehicles and components before the legislative session ends. +
Sales / Tech /
Shimkus: Factories Gambled and Lost on Expensive, Full-Size Electric Trucks
The end of the Tesla Cybertruck follows a trend toward low sales and multibillion-dollar write-downs for an ill-fated category. Business Insider’s Ben Shimkus reports. +
Sales / Tech /
Musk Says Would-Be Cybertruck Buyers Will Get Deposits Back
Tesla CEO Elon Musk says the EV maker will return deposits to “a lot of people” who reserved a Cybertruck as production capacity gives way to the Cybercab. +

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