May 25, 2018

Financial News

Auto finance continues to grow even as delinquencies rise. The Federal Reserve Bank of New York’s quarterly report on household debt finds auto finance balances continued their six-year upward trend.…
Spireon was named IoT Vehicle Telematics Company of the Year in the 2018 Compass Intelligence awards. Voted on by a judging panel of more than 40 industry-leading journalists, editors and…
PassTime and Megasys announced the companies have completed a software integration project. With the new integration project complete, customers will be able manage their PassTime GPS products using the Megasys…
Like many people, Eugene Rubinchuk, general manager of Michael's Auto Plaza in East Greenbush, N.Y., first started paying attention to Bitcoin when it shot up in price last fall. Rubinchuk…
The auto finance default rate fell to 0.99 percent in April from 1.05 percent in March. The S&P/Experian Consumer Credit Default Indices shows that the overall composite rate decreased to…
KAR Auction Services Inc. reported revenue of $950.5 million in the first quarter, as compared with revenue of $866.6 million for the first quarter of 2017. Net income for the…
Credit Acceptance Corp. announced consolidated net income of $120.1 million for the first quarter, compared to consolidated net income of $93.3 million for the same period in 2017. Credit Acceptance…
Expansion is on the agenda for small business owners in 2018, with more than half anticipating revenue growth and 22 percent planning to hire staff, according to the 2018 Small…
Spireon announced its NSpire 3.0 IoT platform was awarded Silver for New Product or Service of the Year in the 16th annual American Business Awards. Honored in the software subcategory,…
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