Financial News

Credit Karma announced its expansion within insurance. Launching in California and Texas, Credit Karma’s members will be able to see what they could be paying for auto insurance based on…
RVI Group announced that Wei Fan will lead the Passenger Vehicle Insurance and Analytics businesses. The two businesses are being consolidated. RVI Analytics was launched in partnership with Maryann Keller…
Kelley Blue Book now allows consumers to donate any vehicle on KBB.com by teaming with Charitable Adult Rides & Services (CARS), a full-service non-profit organization. Kelley Blue Book pledged an…
Two automakers reported double-digit growth for their certified pre-owned programs. Mazda reported CPO sales of 4,642 vehicles in September, an increase of 29.7 percent month-over-month. CPO sales are up 21.3…
Consumer Portfolio Services Inc. announced that it renewed its two-year revolving credit agreement with Citibank N.A. Financing under the renewed credit agreement will be secured by automobile receivables that CPS…
 XLerate Group announced two general manager appointments. Ryan Rickey has been named general manager of XLerate’s Florida auction provider, Your Auction, and Michael Schuler assumes the general manager job at…
CalAmp reported that consolidated revenue reached a new quarterly record of $96 million, up 7 percent year-over-year. The company’s gross margin was 41.5 percent, up from 40.1 percent in the…
Spireon has published, “Impound Storage Fees, a Billion-Dollar Problem,” a report that addresses the costs to consumers, dealers and lenders associated with vehicle impounds. Spireon data indicates about 76,000 vehicles…
The Conference Board Consumer Confidence Index increased in September, following a large improvement in August. The Index now stands at 138.4, up from 134.7 in August. Consumers’ outlook for the…
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