Thursday, October 29, 2026
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Auto industry
Q3 retail units rose 39% to 217,385, revenue grew 42% to $8.04B, net income was $483M and adjusted EBITDA was $800M. Carvana expects Q4 units to rise from Q3 and full-year adjusted EBITDA near the top of its $2.7B–$3.0B range, per Carvana. The growth adds competitive pressure for stores buying and retailing used vehicles.
Sources: Link
The other stories from Thursday, October 29, 2026.
Honda dealers report the network is back after an outage interrupted finance applications, recall lookups and incentive access. The investigation continues.
Read the full summary →Ford raised the low end of its profit outlook. F-150 inventory remains below its target, and the Fathom is due in late 2027.
Read the full summary →Volkswagen swung to a deep Q3 operating loss as special items hit, led by a Porsche goodwill write-down.
Read the full summary →Hyundai cut its volume and margin targets after strike-related wholesale declines, even as U.S. retail sales and hybrids grew.
Read the full summary →Sonic set a revenue record, but adjusted EPS fell as new-unit volume slipped and expenses took a larger share of gross profit.
Read the full summary →Honda is using dealer service-loaner incentives to build a future pipeline of low-mileage certified used vehicles.
Read the full summary →Honda wants North American governments aligned on Chinese vehicles. Its request is part of a policy debate, not a new import rule.
Read the full summary →Sonic's same-store franchised F&I income per unit rose 2% while total F&I gross profit stayed flat.
Read the full summary →Ford Credit's pretax profit rose 27%, helped by financing margins, used values and derivative gains. The full-year outlook stayed unchanged.
Read the full summary →The Fed held its target at 3.75%–4.00%. Two members wanted a hike, and the hold leaves existing funding costs in place.
Read the full summary →Credit Acceptance reports after today's close. AutoNation follows Friday morning, with Assurant due Nov. 3.
Read the full summary →