Auto industry
Kia posts another record month
Kia America sold 80,008 vehicles in October, 16% above its previous best October, as retail volume climbed 20% to 68,926 and hybrid sales more than doubled (up 114%). Telluride gained 63% and EV9 111%, extending its record streak to six straight months, per Kia (Nov. 2). Sister brand Hyundai Motor America reported 73,452 units, up 5%, per Reuters; Hyundai's own U.S. release was not publicly accessible at press time. The hybrid gain reinforces the importance of powertrain mix when stores plan inventory.
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The other stories from Tuesday, November 3, 2026.
Schaeffler trims 3,460 European jobs
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BMW brings Level 2 assist to city streets
BMW plans urban Level 2 assistance in Germany from 2027. Drivers must stay attentive; this is not driverless operation.
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Audi Georgia plant could nearly double
Audi's Georgia plant could gain a second phase, according to state and local records. The added capacity is not yet committed.
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Public dealers lean harder on service
Parts and service supplied 54% of public dealer groups' gross profit as new-vehicle gross per unit and operating margins softened.
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CarMax pushes into Tier 2, revamps MaxCare and GAP
CarMax plans more Tier 2 lending and a revised MaxCare and GAP lineup. Its income targets are goals, not gains already delivered.
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Banks raise credit-score floors as auto demand slips
Banks raised minimum auto credit scores despite little net change in overall standards. Reported auto-loan demand weakened again.
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Auto debt nears $1.7 trillion as late payments ease
Auto debt grew and overall serious late payments eased, but Equifax sees slightly worse early performance in a newer loan cohort.
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