News Feed
US jobs post smallest gain in six months as unemployment rises
US employers scaled back hiring in April and the unemployment rate unexpectedly rose, suggesting some cooling is underway in the...
Startups Plug, Yendo win 2024 Demo Challenge
NASHVILLE — Two winners were crowned during today’s Auto Finance Summit East demo challenge, marking the first dual win in...
Hyundai Capital leasing returns to pre-pandemic levels
NASHVILLE — Hyundai Capital’s leasing volume has returned to pre-pandemic levels as leasing continues to drive consumer loyalty for the...
Vista-backed auto data firm Solera files confidentially for IPO
Vista Equity Partners-backed automotive data and software services provider Solera Global Corp. has filed confidentially for an initial public offering....
Carvana originations rise 29%
Carvana earnings exceeded expectations in the first quarter as originations increased 29.3% year over year and retail sales strengthened. Originations...
AI, underwriting, dealer relations: 3 themes at Auto Finance Summit East
NASHVILLE — Artificial intelligence, machine learning, e-contracting and digital retailing have become core to improving customer experiences and gaining efficiencies...
Stellantis NV North America sales drop 20%
Stellantis NV’s sales and shipments decreased in North America during the first quarter as the company scaled back production. The...
Fed cites lack of progress on inflation, holds rates steady
The Federal Reserve signaled fresh concerns about inflation while indicating it was likely to keep borrowing costs elevated for longer...
