- Used-vehicle values jump in January
- Auto ABS roundup: Ford Credit, Cap One, Santander, and more
- Fraudster gets 4 years in prison for $1M auto scheme
- Toyota, Honda extend China shutdowns as virus gathers pace
- Tricolor secures $30M in equity
- 5 questions with Vipin Gupta of Toyota Financial
- Moody’s: Banks to tighten credit standards
- Banking ‘brain’ developer Kasisto raises $22M to expand
- Ford Credit yearend earnings reach 9
year high - Early registration discount for Auto Finance Innovation Summit extended through Friday
- Here’s another sign the Tesla euphoria could be coming to an end
- Credit Acceptance sees ‘fall off’ in new dealer volume
- Nicholas Financial eyes growth with DealerCenter partnership
- Tesla tops $900 in parabolic surge, spurring downgrade
Sell BHPH Auto Notes |Sell BHPH Notes- Sell Auto Portfolio
With S&P Global Ratings acknowledging that the U.S. economy “could be facing an unhappy summer,” LendingClub Corp. released findings from the 11th edition of the Reality Check: Paycheck-To-Paycheck research series, conducted in partnership with PYMNTS.com. LendingClub highlighted the Financial Distress Factors Edition examined the financial lifestyle of U.S. consumers who live paycheck to paycheck, the factors that cause financial distress — life-cycle events or life-altering events — and the impact of these financial stressors on their lives. One of the intriguing takeaways from the new research was 65% of paycheck-to-paycheck consumers have experienced a financially stressful event in the past… [...]
Dare Saul and his daughter, Lila, show off the 2018 BMW 330i SPT he purchased in a benefit auction for the NIADA Foundation during the NIADA Convention and Expo. Image courtesy of NIADA.Dare Saul wanted to raise money for the NIADA Foundation. And the Arkansas operator wanted a highline model he could immediately list online, too. Saul accomplished both goals last week during the final day of the NIADA Convention at the MGM Grand in Las Vegas. Saul, owner of D3 Auto Sales in Des Arc, Ark., made good on his goal by bidding $33,500 to outlast his friend, Colorado… [...]
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Many folks love to vacation either in south Florida or Las Vegas. Lithia & Driveway are looking to retail more vehicles to potential buyers who might reside in those locations. The company announced on Tuesday it has expanded its south Florida footprint with the purchase of nine Lehman Auto World stores and two Esserman International stores in Miami-Dade County. Together, these 11 stores are projected to generate $850 million in annualized revenue, according to a company news release. LAD also announced its expansion in Las Vegas with the addition of Henderson Hyundai and Genesis. With this purchase, LAD said it… [...]
Mergers and acquisitions are happening in automotive adjacent industries, too. On Monday, carsales.com, one of the largest online marketplaces in Australia focusing on the automotive, motorcycle, and marine spaces, announced the intention to purchase the remaining 51% of Trader Interactive from the current investors, Eurazeo and Goldman Sachs Asset Management to bring its holding up to 100%. The move to acquire Trader Interactive first started last year, when carsales purchased 49% of Trader Interactive in August. The deal is expected to close during the third quarter, according to a news release. Through its brands such as Cycle Trader, RV Trader,… [...]
ACV booth at NADA Show 2022 in Las Vegas. Photo by Nick Zulovich.Evidently, ACV is a great place to work. The digital automotive marketplace and data services partner for dealers and commercial partners announced on Monday that it has been named one of the Best Workplaces in New York in 2022 by Great Place to Work and Fortune. The Fortune Best Workplaces in New York accolade is based on employee feedback collected through one of America’s largest ongoing annual workforce studies of more than 1 million employee survey responses and data from companies representing more than 6.1 million U.S. employees.… [...]
