Sunbit expands into F&I products for consumer affordability
Buy-now, pay-later fintech Sunbit is expanding its dealer services to include finance and insurance products to assist consumers with affordability. ...
Tag: finance and insurance
Shift Technologies cuts staff by 30% in February
Used-vehicle online retailer Shift Technologies cut staff following completion of its merger with used-vehicle marketplace CarLotz in the fourth quarter. ...
CarNow sees increased F&I penetration through Darwin integration
Digital retailing services provider CarNow has seen an increase in finance and insurance product penetration following its November 2022 integration ...
Retailers see triple-digit increase in floorplan expense
Floorplan interest expense increased at publicly traded auto retailers with three retailers tallying triple-digit year-over-year increases, while finance and insurance ...
Vroom e-commerce finance profit jumps 140% YoY
Vroom’s finance and insurance profit increased 140% year over year in the fourth quarter, propping up the retailer’s gross profit ...
Listen: Weekly Wrap discussion on retailers, EVs
Each of the major automotive retailers recorded year-over-year increases in finance and insurance (F&I) revenue in the third quarter amid ...
F&I revenue surges across the board in Q3
Finance and insurance (F&I) revenue jumped up on a year-over-year basis at each of the major automotive retailers in the ...
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 ...
