July 21, 2026 | GM raises guidance as Q2 profits soar; negative equity worries F&I managers

General Motors raised its guidance for the second time this year as North American profits jumped 43 percent from a year ago, even though net income has fallen in the second quarter with more electric vehicle write-downs. Finance and insurance managers are concerned about the number of customers with negative equity, and Canada’s counter tariffs are costing the U.S. $5 billion in vehicle exports. Plus, Automotive News Reporter Mark Hollmer discusses how dealers are adding TikTok to their arsenal of social media marketing.