Garmin Ltd. has completed the acquisition of JL Audio, a privately held U.S. company that designs and manufactures audio solutions, including speakers, amplifiers, subwoofers and other audio components for marine,…

Pagaya Technologies LTD, a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, announced the closing of RPM 2023-3, its 42nd asset-backed securitization (ABS) and its 10th in…

Scott LeTourneau will become the new executive vice president and chief financial officer at Cox Automotive, effective Sept. 19, 2023. LeTourneau has been with Cox since 2012 in various corporate…

Getaround, a connected carsharing marketplace, has formed a new innovative alliance with TransUnion, a global information and insights company, to integrate TransUnion’s TruVision Traditional Auto Insurance Score for better risk…

The U.S. Census Bureau announced that real median household income in 2022 fell in comparison to 2021. The official poverty rate of 11.5% was not statistically different between 2021 and…

The Consumer Price Index for All Urban Consumers rose 0.6% in August on a seasonally adjusted basis, after increasing 0.2% in July, the U.S. Bureau of Labor Statistics reported. Over…

First Business Bank’s team has funded a $6 million inventory floorplan line of credit for a thriving Virginia-based independent car dealership, the largest in their respective market. First Business Bank’s…

The average price Americans paid for a new vehicle in August 2023 was virtually flat compared to one year ago, as higher inventory levels and increased incentives held year-over-year price…