Thursday, October 29, 2026
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F&I
The FOMC kept the federal funds target at 3.75%–4.00% in a 10–2 vote. Governor Cook and Cleveland Fed President Hammack dissented in favor of a quarter-point increase, and the committee said inflation remains elevated. This leaves dealer floorplan and lender funding costs where September's hike put them, per the Federal Reserve.
Possible industry effect: A hold does not reduce the funding costs left by the prior hike.
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 →Carvana set another quarterly record and expects further unit growth. The expansion adds competition in used-vehicle buying and retailing.
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 →Credit Acceptance reports after today's close. AutoNation follows Friday morning, with Assurant due Nov. 3.
Read the full summary →