Compressed margins and plummeting sales volumes coupled with a capital-intensive business model, led to the downfall of Vroom, the automotive ...

Sonic Automotive-owned, used-car dealer group Northwest Motorsport closed its doors Jan. 23, citing market concerns.   The Puyallup, Wash.-based dealership ceased ...

Last year was a whirlwind in the enterprise tech world, specifically in auto finance, marked by significant shifts and unexpected ...

Despite Vroom winding down its e-commerce used-vehicle sales operations, the retailer’s captive United Auto Credit Corp. maintains that it is ...

Dimmitt Automotive Group is shifting its focus to leasing as financing penetration dipped in 2023 and elevated interest rates prompted ...

Toyota Motor Corp. Chairman Akio Toyoda believes battery electric vehicles will reach at most 30% market share, with the rest ...

Vroom is discontinuing its e-commerce and used-vehicle dealership businesses as the retailer faces ongoing liquidity challenges.   The retailer on Jan. ...

Heller retires as chief technology and operations officer at Huntington  Columbus, Ohio-based Huntington Bank announced the retirement of Chief Technology ...