Earnings
RumbleOn posts record Q1 profits
RumbleOn posted record revenue in the first quarter of 2022 as the retailer focused on acquiring supply directly from consumers...
Upstart revamps AI-based auto refinance model in Q1
Artificial intelligence (AI)-based lending platform Upstart is now using its own auto lending performance data to power its auto refinance...
Open Lending’s certified loan volume climbs 32% in Q1
Automation fintech Open Lending’s certified loan volume increased for the sixth consecutive quarter in Q1 as the automation fintech grew...
Listen: Editors’ Weekly Wrap discussion drills down on used values, inflation
Last week, used-vehicle values cooled for the third straight month in a positive sign for the U.S. Labor Department’s forthcoming...
Rental car companies continue used-market shakeup in Q1
Rental car companies are still contributing to used-vehicle value fluctuation as they turn to the used-car market to stock their...
Polaris raises retail prices to offset supply chain costs in Q1
Powersports manufacturer Polaris increased retail prices in the first quarter across all lines of its business to offset hikes in...
2022 kicks off another year of growth for F&I profits at auto retailers
Following growth every quarter in 2021, finance and insurance (F&I) profits again ticked up year over year in the first...
Carvana finance arm remains bright spot despite debt funding struggles
Carvana’s finance arm remains well positioned for capital market funding despite the retailer’s struggle to sell a $3.3 billion debt...
