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US Bank launches real-time payments for dealers
U.S. Bank is expanding real-time payments (RTPs) to auto dealers, accelerating funding time and allowing dealers to access loan funds...
Inside Shift’s new business plan, CarLotz merger
Used-car e-commerce platform Shift Technologies’ planned merger with used-vehicle marketplace CarLotz comes as Shift reprioritizes its growth strategy and revamps...
Affinity FCU implements new car-leasing platform in NJ
New Jersey’s largest credit union announced a partnership with Credit Union Leasing of America (CULA) to offer its customers car-leasing...
Shift President Clementz appointed CEO amid Arison departure
Jeff Clementz, CEO, Shift Technologies Jeff Clementz, president at online used-car marketplace Shift Technologies, will become chief executive as co-founder...
US inflation runs cooler than forecast, easing pressure on Fed
US inflation decelerated in July by more than expected, reflecting lower energy prices, which may take some pressure off the...
Upstart originates first $10M in retail loans
Artificial intelligence (AI)-based lending marketplace Upstart’s financing partners in the second quarter originated the platform’s first $10 million in auto...
Autonomy orders $1.2B in electric vehicles
Santa Monica, Calif.-based electric vehicle (EV) subscription service Autonomy today placed a $1.2 billion order for EVs, totaling 23,000 vehicles...
Vroom’s e-commerce profit jumps 106% in Q2
Vroom’s e-commerce gross profit per unit (GPU) set a record in the second quarter as the online auto retailer began...
