Thursday, October 29, 2026
← Back to the Thursday, October 29, 2026 issue
Auto industry
Q3 revenue hit a record $4.0B. Adjusted EPS fell 15% to $1.30 as same-store new units dropped 7% and SG&A rose to 75.4% of gross profit. EchoPark units climbed 22%, Powersports revenue rose 35% to $113.7M, and new-vehicle supply sat at 65 days, per Sonic Automotive. Higher revenue did not offset the pressure from lower new-unit volume and a larger expense share.
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 →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 →