NADA

Stocks exposed to used car sales and auto lending spiked Tuesday following a data correction from the National Automobile Dealers Association regarding its used vehicle price index. The index was reported on Monday at 107.8, a negative 10.3 percent change year over year and negative 2.2 percent...

All evidence continues to point to a deterioration of the U.S. auto market, but the ultimate question on investors’ minds is how severe the fallout will be for the auto industry. The latest statistics from the National Automobile Dealers Association indicate used auto prices fell 10.3 percent...