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 ...
Tag: Digital car-buying
Toyota Financial Services to replace legacy system with Mazda’s Cloud-based platform
Toyota Financial Services is expanding the use of its proprietary Mazda Financial Services digital mobility platform companywide amid a heightened ...
Cultivating customer journeys with consumer direct lending
The majority of car buyers use third-party websites to find information about new and used cars for sale. Further, 83% ...
Driving customer experience: Five ways technology plays a key role in auto finance
Innovation has always been driven by the consumer as businesses aim to meet customer expectations and craft the best experience ...
Auto outstandings, digital transactions grow at Truist in Q1
Digital transactions have taken the lead at Truist as the bank continues to grow its auto book each quarter. Truist’s ...
Wells Fargo Auto invests in digital, logs increased originations in Q1
Wells Fargo Auto is looking to invest in better digital experiences as more than 80% of consumer deposits shift to ...
The path to same-day car buying
Today’s customer expects same-day service from every business they interact with — and the auto finance industry is no exception. ...
Building customer loyalty through an omnichannel experience
Car buying isn’t as simple as it used to be, prompting a need for auto lenders and dealerships to adopt ...
