Auto retailer says revenue hit $6.9 billion, up from $6.7 billion a year earlier.
CFO calls electric-vehicle market ‘brutal.’
Toyota Motor North America has 12% increase.
The company reported a profit before tax of $326 million for the quarter ending in December.
Report shows those 60 days or more overdue reached 10-year high.
Widens year-over-year net loss to $1.72 billion.
Used-car retailer misses expectations in face of industry pressures.
Soaring material and parts costs offset benefits gained from a plunging Japanese yen and production rebound.
Carmaker has best quarter of year despite overall industry problems.
Auto financing extended to subprime and deep-subprime car buyers fell 4.5% from a year ago, as the auto finance industry continued to squash fears of a forming subprime bubble. Newly originated loans made to prime car buyers jumped 2% to encompass nearly 60% of auto loans originated during the period.
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