F&I
Car-Mart lender relief extended to Nov. 9
Silver Point-led lenders pushed Car-Mart's waiver and covenant relief from Nov. 4 to Nov. 9, per an SEC 8-K. The short extension buys time rather than a permanent funding fix.
Sources: Link
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The Clairmont Automotive Report
Thursday, November 5, 2026
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The other stories from Thursday, November 5, 2026.
Toyota lifts full-year profit outlook
Toyota raised its full-year operating profit forecast and added to its buyback after stronger first-half earnings.
Read the full summary →Templin to lead Toyota Motor North America
Mark Templin will become Toyota Motor North America president and CEO on Jan. 1, 2027, succeeding Ted Ogawa.
Read the full summary →2027 Sequoia priced from $69,900
The hybrid-only 2027 Sequoia starts at $69,900 and adds Trailhunter and trailer-assist features for fall arrivals.
Read the full summary →GM recalls 67,380 EVs for brake software
GM recalled 67,380 EVs for brake-control software. The safety fix is an over-the-air or dealer update.
Read the full summary →Ken Garff adds two big Toyota stores
Ken Garff bought Avondale Toyota and One Toyota of Oakland, including their real estate, bringing the group to 71 stores.
Read the full summary →Payments keep climbing in Experian's early Q3 read
Early Experian Q3 figures put average new payments at $773 and used at $548. Higher payments leave less room for added financed costs.
Read the full summary →Product income carries F&I PVR in JM&A's Q3 data
Products supplied 61.7% of F&I income per vehicle in JM&A's dealer sample, ahead of reserve. The sample is not a national census.
Read the full summary →Car-loan interest deduction rules take effect Monday
Final car-loan interest deduction rules take effect Nov. 9. A deduction is not an upfront payment discount.
Read the full summary →Agora Data moves into near-prime dealer funding
Agora expanded its dealer funding program to FICO 660 and below. Published rates and advance limits are not an approval for every deal.
Read the full summary →