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Software, SaaS, and financial application sales innovator Devin Archer has joined cloud-based consumer loan origination solutions company Teledata Communications, Inc. (TCI) as vice president of sales. TCI is substantially expanding…
The Black Book Used Vehicle Retention Index was unchanged in July. The Index stood at 115, the same as the previous month. Compact crossovers and sporty cars performed well. Full-size…
General Motors Financial Company Inc. announced net income of $403 million for the quarter ended June 30, compared to $271 million for the quarter ended March 31, and $442 million…
The average interest rate for a new-vehicle loan dropped for the third month in a row in July, hitting its lowest level of 2019. According to Edmunds, the annual percentage…
Credit Acceptance Corp. announced consolidated net income of $164.4 million for the second quarter compared to consolidated net income of $151 for the same period in 2018. The company also…
ALG expects used-vehicle sales will come in flat for July. The firm expects sales to reach 3,331,762 units, down 0.8 percent year-over-year and flat from June. Automaker average incentive spending…
The Conference Board Consumer Confidence Index rebounded in July, following a decrease in June. The Index now stands at 135.7, up from 124.3 in June. Consumers’ outlook for the labor…
Consumer Portfolio Services Inc. announced earnings of $1.8 million for the second quarter, compared to net income of $3.2 million in the second quarter of 2018. Revenues for the second…
EchoPark, Sonic Automotive Inc’s chain of used-car superstores, is on track to exceed $1 billion in revenues this year. Sonic reports revenues of $291.7 million for EchoPark during the second…
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