Earnings
RumbleOn F&I revenue grows 67% YoY in Q4 2021
RumbleOn is leveraging its used inventory and expanding its finance and insurance (F&I) offering as demand continues to outweigh supply...
Lucid Motors cuts production guidance, increases capital expenditures
Luxury electric vehicle manufacturer Lucid Motors has cut its production guidance for 2022 as more reservations roll in, citing supply...
Vroom sees 92% YoY increase in e-commerce units sold in Q4
Vroom benefited from improving used-vehicle inventory, continued strong demand and brand recognition during the fourth quarter of 2021 as the...
Carvana originations slow QoQ as the retailer ‘hedges’ against future rate increases
Origination growth at Carvana slowed in the fourth quarter amid logistic network constraints as the retailer began hedging against future...
Open Lending adds 71 financial institutions in 2021, certs jump 82% YoY in Q4
Automation fintech Open Lending continues to attract financial institutions to its platform as lenders look to expand their auto books...
Upstart to invest in auto finance channel in 2022
Artificial intelligence (AI)-based lending platform Upstart expects to facilitate $1.5 billion in auto loans on its platform in 2022 on...
Sonic Automotive’s 2021 vehicle sales show YoY increase
Despite year-over-year declines in fourth-quarter vehicle sales, Sonic Automotive’s sales volume and finance and insurance (F&I) revenue increased YoY at...
Asbury Automotive’s F&I revenue jumps 32% in 2021
Asbury Automotive is the fourth auto retailer to post finance and insurance (F&I) revenue growth in the fourth quarter of...
