Tesla Scales Back Store Closures
Patrick T. Fallon/Bloomberg Contrary to the electric OEM’s announcement last month, Tesla will not be closing as many of its...
JPMorgan Chase Taps Blockchain Technology to Create Cryptocurrency
JPMorgan Chase & Co. expects its newly created cryptocurrency to speed payment processes between institutions and, potentially, auto dealerships. The...
Used-Vehicle Prices Will Climb as Inventory Dwindles, Manheim Says
Wholesale used-vehicle prices increased 3.2% in February, bringing the Manheim Used Vehicle Value Index up to 135.2. In addition, more-affordable...
Amazon Investment in Electric OEM Paves Way for ‘Limitless’ Mobility Potential, Analyst Says
Alex Kraus/Bloomberg Amazon’s $700 million investment in electric OEM Rivian is a potential step by the retail giant to launch a mobility...
Tesla Pivots to Online-Only Sales Model
Tesla Model 3 (Via Tesla) Tesla will be shifting its worldwide sales model to an online-only platform, starting with North...
Borrowers Granted Extensions Four Times More Likely to Repay Loans, KBRA Finds
Despite Honor Finance’s previous unorthodox loan extension practices, new research by Kroll Bond Rating Agency maintains that loan extensions remain...
California Growth Spurs Further Expansion for Digital Marketplace CarZing
CarZing is looking to increase southern California loan volume in the next three to four months before expanding its presence outside...
‘Unseasonal’ 4Q Origination Boost Puts CPS on Track for Growth in 2019
© Can Stock Photo / dencg Consumer Portfolio Services is counting on marketing and technology enhancements implemented last year to...
