Manheim Used Vehicle Index surpasses 200 for first time
Rising used-vehicle prices have pushed the Manheim Used Vehicle Value Index above 200 for the first time in the index’s ...
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Weekly Wrap: Declining vehicle demand, increased NCOs may be on the horizon
Tight supply continues to drive up used-car prices, sparking concerns about how long consumer demand will hold up. The average ...
Allan named Hyrecar president, and other staff moves
Auto Finance News presents industry staffing shuffles for the month of April. Allan named Hyrecar president Brian Allan was named president ...
Weekly Wrap: Can e-commerce momentum continue?
Last week, the Auto Finance News team rounded out the last of first-quarter earnings results from online retailers Carvana, Vroom ...
RumbleOn pivots from direct-to-consumer powersports sales
RumbleOn has eliminated direct-to-consumer powersports sales in favor of a dealer-driven sales structure. RumbleOn will now prioritize business through Dealer ...
Vroom sets sights on inventory, product revenue growth in Q1
Online used-car retailer Vroom is expanding the number of vehicles purchased from consumers as the company focuses on building inventory and increasing ...
Carvana sees 114% YoY jump in gross profit in Q1, expands credit facility
Online car retailer Carvana is expanding the company’s revolving credit facility on the heels of climbing gross profit per unit ...
JP Morgan reopens offices across US as pressure grows on rivals
For JPMorgan Chase & Co., it’s another step toward post-pandemic normal, but for the U.S. financial industry it’s a bellwether. ...
