Wednesday, November 4, 2026
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Auto industry
Mercedes-Benz has moved the start of next-generation GLC production at its Vance, Ala., plant from late 2027 to May 2030, so GLCs sold in the U.S. will keep coming from Europe and face the 15% tariff on EU-built vehicles, as reported by Automotive News. Link
The other stories from Wednesday, November 4, 2026.
American Honda sold 119,952 vehicles in October, up 8.0% and its strongest October since 2020, with record October light-truck volume of 83,559 (up 9.6%) and record hybrid sales of 32,519 (up 5.1%); CR-V volume rose 9.8% to 34,815, about…
Read the full summary →Wholesale marketplace OPENLANE grew third-quarter revenue 13% to $561 million on gross merchandise value of about $10.0 billion (up 38%), with U.S. dealer units up 22% and commercial units up 46%; it narrowed its 2026 adjusted EBITDA…
Read the full summary →The Alliance for Automotive Innovation asked lawmakers to pass a permanent ban on Chinese connected vehicles during the post-election session that starts next week; the Senate bill (S.
Read the full summary →Honda's European president said the company could build cars in Europe again, alone or with another automaker, depending on the final form of the EU's proposed Industrial Accelerator Act and its made-in-EU rules, though nearly 59,000…
Read the full summary →Ally's third-quarter 10-Q shows borrowers with FICO scores below 620 made up 11% of consumer originations (versus 9% a year earlier) and Carvana-sourced loans 15% (versus 11%), after Ally raised its Carvana purchase commitment by $2.0…
Read the full summary →Assurant earned $275.2 million in Q3 (up 4%) and raised its 2026 outlook to roughly 10% adjusted EBITDA growth excluding catastrophes; Global Automotive adjusted EBITDA rose 9% when a one-time $6.1 million gain in the prior-year quarter…
Read the full summary →Cox Automotive's 2026 certified pre-owned study of 825 in-market shoppers found 57% open to CPO, though CPO accounts for only about 12% of used retail sales, and familiarity slipped to 81% from 87%; only 31% of new-car shoppers and 27% of…
Read the full summary →Volkswagen of America will not run its usual year-end Sign Then Drive promotion, which put leases at zero due at signing, drawing dealer complaints, as reported by Automotive News.
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