Thursday, October 29, 2026
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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. Link
The other stories from Thursday, October 29, 2026.
Honda pulled its Interactive Network for Honda and Acura stores offline Tuesday after a cybersecurity incident.
Read the full summary →Q3 revenue slipped 2% to $49.5B, and net income was $2.0B. Adjusted EBIT came to $2.7B (5.4% margin), adjusted EPS was $0.49, and adjusted free cash flow was $4.7B on 9% lower wholesales.
Read the full summary →Q3 revenue fell 6.3% to $84.3B (€75.3B), and the operating loss was $6.56B (€5.86B). Most of the $9.74B (€8.7B) in nine-month special items hit this quarter, led by a $7.17B (€6.4B) Porsche goodwill write-down.
Read the full summary →Q3 operating profit rose 5.5% to $2.02B (₩2.68T) on revenue of $34.04B (₩45.11T, down 3.4%).
Read the full summary →Q3 retail units rose 39% to 217,385, revenue grew 42% to $8.04B, net income was $483M and adjusted EBITDA was $800M.
Read the full summary →Honda has raised fleet sales 54%, mostly by paying dealers incentives to add vehicles to their service-loaner fleets.
Read the full summary →An American Honda executive urged the US, Canada and Mexico to align on Chinese vehicles in the USMCA review.
Read the full summary →Same-store franchised F&I gross profit was flat, while F&I per unit rose 2% to $2,630. At EchoPark, F&I revenue rose 4% to $54.9M, but total gross profit per unit fell 12% to $2,972, per Sonic Automotive.
Read the full summary →Ford Credit's Q3 pretax earnings rose 27% to $803M. Derivative mark-to-market gains, better financing margins and firmer used-vehicle prices drove the gain.
Read the full summary →The FOMC kept the federal funds target at 3.75%–4.00% in a 10–2 vote. Governor Cook and Cleveland Fed President Hammack dissented in favor of a quarter-point increase, and the committee said inflation remains elevated.
Read the full summary →Credit Acceptance reports Q3 after today's close, with a webcast at 5 p.m. ET, per Credit Acceptance.
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