Auto industry
Mazda holds its profit target as the new CX-5 lifts sales
Mazda reported record first-half (April–September) net sales of $17.07B (¥2,688.1B), up 20%, and operating income of $375M (¥59.1B), compared with a $342M (¥53.9B) loss a year earlier. It kept its full-year operating income forecast at $953M (¥150B) for the fiscal year ending March 2027, even as it cut its global sales outlook by 27,000 units to 1.297 million. The U.S. outlook went the other way, up 2,000 units to 437,000. Mazda's own forecast bridge now carries about $191M (¥30B) more in sales incentives than it assumed in August, per Mazda. Link
The other stories from Monday, November 9, 2026.
Mitsubishi Motors lowers its full-year outlook
Mitsubishi cut its forecast for the fiscal year ending March 2027 to $445M (¥70B) in operating profit, down from $572M (¥90B), and to $18.80B (¥2,960B) in net sales, down from $20.70B (¥3,260B).
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Kia plans about $2.2B for its Gwangju complex through 2029
Kia says it will invest about $2.2B (₩3 trillion) at AutoLand Gwangju through 2029 to modernize production, expand electrified-vehicle output and test autonomous-driving technology.
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Wholesale used values edge up in October
The Manheim Used Vehicle Value Index rose to 206.8 in October, up 0.5% from September and 2% from a year earlier after adjusting for mix, mileage and season; unadjusted prices were up 0.3% year over year.
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Bank auto-loan rates move back up in Q3
The average commercial-bank rate on a 60-month new-car loan was 7.54% in the third quarter (August survey), up from 7.14% in Q2 but a little below 7.64% a year earlier; the 72-month rate was 7.17%.
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Car-loan interest deduction rules take effect today
The IRS's final regulations on the new deduction for qualifying car-loan interest (T.D. 10054) are effective Nov. 9, per the Federal Register; they also set reporting duties for businesses that receive $600 or more of that interest from…
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Car-Mart's lender relief runs through today
America's Car-Mart's limited waiver and temporary relief from minimum-liquidity and collateral-coverage requirements, from lenders led by Silver Point Finance, runs through Nov. 9 under the extension disclosed in its Nov. 5 8-K.
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