Tuesday, November 3, 2026
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F&I
In the Fed's October loan officer survey (third-quarter conditions), banks left auto loan standards little changed on net but raised minimum credit scores, while a net 12.5% reported weaker auto loan demand, the sixth soft-demand reading in seven quarterly surveys, per the Federal Reserve (Nov. 2). Some buyers may face a tougher score cutoff even without broad net tightening in reported standards.
Sources: Link
The other stories from Tuesday, November 3, 2026.
Kia set another U.S. October record as hybrids more than doubled. Hyundai also reported higher U.S. sales, according to Reuters.
Read the full summary →Schaeffler plans European job cuts and site closures to reduce costs. The announcement does not establish a current parts shortage.
Read the full summary →BMW plans urban Level 2 assistance in Germany from 2027. Drivers must stay attentive; this is not driverless operation.
Read the full summary →Audi's Georgia plant could gain a second phase, according to state and local records. The added capacity is not yet committed.
Read the full summary →Parts and service supplied 54% of public dealer groups' gross profit as new-vehicle gross per unit and operating margins softened.
Read the full summary →CarMax plans more Tier 2 lending and a revised MaxCare and GAP lineup. Its income targets are goals, not gains already delivered.
Read the full summary →Auto debt grew and overall serious late payments eased, but Equifax sees slightly worse early performance in a newer loan cohort.
Read the full summary →