Auto industry
Honda dealer network knocked offline
Honda pulled its Interactive Network for Honda and Acura stores offline Tuesday after a cybersecurity incident. For about two days, dealers lost access to tools such as finance application submission, recall lookups and incentive data, and dealers now report the system is back. Honda said it has found no evidence that customer data was accessed and its investigation continues, per CDG News reporting. The outage interrupted financing and delivery work even though dealers now report access has returned.
Sources: Link
The other stories from Thursday, October 29, 2026.
Ford raises low end of outlook
Ford raised the low end of its profit outlook. F-150 inventory remains below its target, and the Fathom is due in late 2027.
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VW swings to deep Q3 loss
Volkswagen swung to a deep Q3 operating loss as special items hit, led by a Porsche goodwill write-down.
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Hyundai trims 2026 targets
Hyundai cut its volume and margin targets after strike-related wholesale declines, even as U.S. retail sales and hybrids grew.
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Carvana posts another record
Carvana set another quarterly record and expects further unit growth. The expansion adds competition in used-vehicle buying and retailing.
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Sonic: record revenue, softer EPS
Sonic set a revenue record, but adjusted EPS fell as new-unit volume slipped and expenses took a larger share of gross profit.
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Honda feeds CPO through fleet
Honda is using dealer service-loaner incentives to build a future pipeline of low-mileage certified used vehicles.
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Honda presses on Chinese imports
Honda wants North American governments aligned on Chinese vehicles. Its request is part of a policy debate, not a new import rule.
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Sonic F&I per unit edges up
Sonic's same-store franchised F&I income per unit rose 2% while total F&I gross profit stayed flat.
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Ford Credit profit jumps
Ford Credit's pretax profit rose 27%, helped by financing margins, used values and derivative gains. The full-year outlook stayed unchanged.
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Fed holds, two members want a hike
The Fed held its target at 3.75%–4.00%. Two members wanted a hike, and the hold leaves existing funding costs in place.
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Earnings ahead
Credit Acceptance reports after today's close. AutoNation follows Friday morning, with Assurant due Nov. 3.
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