SoftBank-backed Fair taps new CEO
Leasing app Fair is starting fresh with a new chief executive roughly six months after lead investor SoftBank forced the ...
Tag: Sales & Marketing
Carvana tightens credit as wholesale profits drop 60%
Carvana has pumped the brakes on its stand-alone consumer vehicle purchase program and tightened credit standards for originations, Chief Executive ...
DOT needs to start another ‘cash for clunkers’ program
At the height of the credit crisis, the federal government introduced a program to save the auto industry. The program ...
Westlake enters commercial vehicle financing
Westlake Financial Services has begun financing commercial vehicles in eight U.S. markets, the company announced yesterday. The Los Angeles-based lender ...
Used-vehicle values crash to 3-year low
Wholesale used-vehicle values in April were unable to bounce back from Manheim’s first mid-month progress report, falling 11.4% from March. ...
J.D. Power: Nation’s auto market signals recovery
The U.S. auto market is showing signs of recovery after shelter-in-place orders, spurred by the coronavirus pandemic, depressed retail sales ...
Hertz and Avis cancel orders in setback for ailing carmakers
Rental-car companies struggling to survive the coronavirus pandemic’s catastrophic blow to their business have been working with automakers to call ...
F&I revenues climb at Group 1, fall off at Asbury
Automotive retailers Asbury Automotive and Group 1 Automotive are increasing cash reserves as vehicle sales drop amid the coronavirus pandemic, ...
