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Shift Technologies F&I revenue surpasses $5M for first time
Shift Technologies’ finance and insurance revenue on e-commerce vehicles sold exceeded $5 million for the first time in the company’s...
Manheim Used Vehicle Index declines for second straight month
The July Manheim Used Vehicle Value Index is down to 195.2 — approaching levels logged in April — a decrease of 2.59% from June but still up 23.54% year over...
Nicholas Financial posts 137% YoY increase in direct loan originations in fiscal Q1
After posting a 137% year-over-year increase in direct loan originations to $5.7 million, Nicholas Financial reinvested its earnings into company training,...
RumbleOn posts 55% increase in Q2 sales
RumbleOn Inc., an e-commerce platform for new- and used-vehicle sales, continues to reap the benefits of last summer’s shift to its next-generation online platform in the second quarter...
Huntington Auto posts 58% YoY auto originations growth
For the first time since the third quarter of 2020, Huntington Auto Finance’s auto originations grew, clocking in at $1.9 billion, a 58% year-over-year...
Rodo secures $18M in series B funding
Leasing and financing app Rodo completed an $18 million series B financing round this week, led by Holman Enterprises and Evolution VC Partners. The New York-based car-leasing company...
Ford Credit logs record EBIT, high recovery on NCOs in Q2
Ford Motor Credit recorded its highest ever quarterly earnings before taxes of $1.6 billion, contributing to a second-quarter distribution of $4...
Santander posts 34% YoY increase in auto originations, positive recovery on NCOs
Santander Consumer USA experienced recovery on net charge-offs accompanied by growth in auto origination volume, on trend with other lenders’...
