Sales & Marketing
Upgrade CEO Renaud Laplanche on entrance into indirect auto
Fintech Upgrade broke into indirect auto finance in the first week of September even as other lenders have pulled back...
UAW eyes strikes at big three with talks still ‘far apart’
The United Auto Workers and the Big Three Detroit carmakers are still “far apart” on a new labor contract, with...
Cerberus-owned used-car dealer files for Chapter 11 bankruptcy
Off Lease Only, a used-car dealer majority owned by Cerberus Capital Management LP, has filed bankruptcy and said it plans...
F&I profits, acquisition lending dip amid cash purchases
Elevated interest rates are prompting consumers to purchase vehicles in cash, contributing to a dip in finance and insurance profit...
Auto sales cool in August, marking potential tailwind
Auto sales slowed in August but remained healthy, marking a potential tailwind for the automotive industry as OEMs work to...
Rising rates lead to 68% dip in floorplan interest income
Rising floorplan interest rates and increased expenses are chipping away at dealer floorplan profit generated by pandemic-induced assistance from lenders. ...
Q2 dealer acquisition spend soars QoQ
Public dealership groups spent more than 10 times the amount on acquisitions of U.S.-based dealerships in the second quarter compared...
Used-vehicle cash transactions rise to 30% in July
High interest rates are prompting more consumers to pay for vehicles in cash rather than finance, with cash transactions up...
