Financial News

Group 1 Automotive Inc., an international, Fortune 500 automotive retailer, provided an operational update on its business for the second quarter 2020 and noted significantly improving market conditions and operating…
Rollick, founders of the GoRollick vehicle buying marketplace, and Synchrony, a premier consumer financial services company, announced a new financing program partnership that is designed to help increase powersports sales…
Upstart, artificial intelligence (AI) lending platform, announced support for auto loans as part of its consumer lending platform. With Upstart’s new service, banks can offer refinance and purchase finance loans…
Wholesale used vehicle activity steadily improved over the course of May as the market moved toward recovery of both sales volumes and prices, according to the June 2020 Used Car…
Cars.com has appointed Sonia Jain to chief financial officer effective July 6. Jain joins CARS from Redbox and has more than 10 years of retail, technology and financial management experience.…
The auto loan default rate dropped 10 basis points to 0.56 percent, according to data through May 2020 from S&P Dow Jones Indices and Experian for the S&P/Experian Consumer Credit…
Swapalease.com, a car lease marketplace, reports car lease credit applicants registered a 68.6 percent approval rate in May, a significant increase from the April rate of 63.8 percent. The increase…
Cars.com Inc. announced an amendment to its existing credit facility providing the company with increased covenant flexibility through the end of the facility in May 2022. The amendment includes a…
CDK Global, Inc., a retail automotive technology company, announced its intention to create a chief operating officer (COO) role to better align functions and improve the overall effectiveness of the…
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