GM’s Q3 Unscathed by Strikes
Exceeds expectations but takes conservative posture as walkouts continue.
Exceeds expectations but takes conservative posture as walkouts continue.
Truck deliveries lead the way as supply woes easy across the industry.
Posts solid profits, a far cry from a year earlier.
Fourth-quarter loan balances reached an all-time high for the third year in a row, but records broken for amounts financed and monthly payments raise affordability concerns.
Record F&I and fixed-ops gross profit helped Sonic Automotive offset low vehicle sales. But the big story for the publicly traded dealer group was the performance of the F&I offices at its one-touch EchoPark dealerships. They increased their per-copy averages by 54.1%.
All signs pointed to a great fourth quarter, but there was some cause for concern — just not enough to keep cars from rolling over the curb.
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