Auto industry
Hertz moves used-car retail off the lot
Hertz confirmed Nov. 9 that it will close all of its physical Hertz Car Sales locations and sell through HertzCarSales.com, its TestDrive+ program at more than 300 rental branches, and retail partners, as reported by CDG News. CDG says the closures are expected to be finished Nov. 20, a date Hertz did not confirm. In its Nov. 5 third-quarter release, Hertz said it is steering used-car sales toward digital channels and building closer ties with a small group of the country's largest used-vehicle retailers. Those larger retailers may see more ex-rental units offered to them directly, while other stores may see fewer Hertz units at retail. Link · Link
The other stories from Tuesday, November 10, 2026.
Honda commits $3B to a fourth Ohio auto plant
Honda plans a $3 billion Ohio assembly plant for 2029, built for hybrids, gas models and EVs. The broader Ohio package, including engine and transmission work, is $3.38 billion and 2,390 jobs.
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Honda raises its profit forecast despite heavy EV charges
Honda lifted its fiscal 2027 operating profit outlook to $4.93 billion despite $3.06 billion of first-half EV-related losses, helped by hybrid demand and stronger financial-services profit.
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Stellantis agrees to sell its idled Brampton plant
Stellantis agreed to sell its idled Brampton, Ontario, plant to armored-vehicle maker Roshel, with a close targeted by year-end if regulators approve. It ties the sale to its 80% North American capacity-utilization goal.
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October's sales pace slips as prices set a record
October's selling rate slipped to 15.5 million, below September and Cox's forecast, even as raw volume rose on an extra selling day. The average transaction price topped $51,000 for the first time.
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Used supply hits a post-pandemic high
Used listings reached their highest level since COVID in October, with most of the year-over-year gain in vehicles three years old or newer. Asking prices eased slightly but remain almost $1,000 above a year ago.
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Car-Mart's lenders extend relief to Nov. 12
America's Car-Mart received another short lender waiver, lasting only through Nov. 12, after the prior relief expired the day before. These extensions have rolled since Sept. 4 and are not a permanent fix.
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Cox's economist sees the Fed leaning toward higher rates
Cox's chief economist, Jeremy Robb, sees a path back to rate hikes, citing a firmer job market and inflation near 4%. That is Cox's forecast, not a Fed decision.
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Q3 household debt report arrives this morning
The New York Fed's household-debt report, including auto loans, is due this morning at 11:00 a.m. ET (10:00 a.m. CT). The figures cover activity through the end of September.
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